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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 723]
Kiwi gains on growing signs Fed will wait longer to hike
Monday, 12 October 2015, 5:29 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The New Zealand dollar rose amid speculation inflation is tame enough in the US to prevent the Federal Reserve rushing to restore normal monetary conditions, including interest rates of more than zero, which has driven down the ... More >>
Skydive the Beach to buy Skydive Queenstown for $17M
Monday, 12 October 2015, 2:32 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Skydive the Beach, the ASX-listed adventure tourism operator, has entered into an agreement to buy Skydive Queenstown, New Zealand's first and largest tandem skydiving company, for $17 million. More >>
FMA licenses Lending Crowd as NZ's 4th peer-to-peer lender
Monday, 12 October 2015, 12:47 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The Financial Markets Authority has licensed New Zealand's fourth peer-to-peer lender, Lending Crowd, which plans to offer small-to-medium sized enterprises business loans of up to $200,000. More >>
Auckland median house price reaches new record
Monday, 12 October 2015, 12:13 pm | BusinessDesk
Oct. 12 (BusinessDesk) - New Zealand's median house price rose to a record in September, led by a 25.4 percent annual jump in Auckland's median price to an all-time high as demand for property in the city spread into nearby regions. More >>
Analysts upgrade price target, earnings for Air NZ
Monday, 12 October 2015, 11:57 am | BusinessDesk
Oct. 12 (BusinessDesk) - Air New Zealand’s share price and analysts’ target price for the stock have risen after the airline forecast a boost in first-half earnings at last week’s annual meeting driven by increased demand, higher tourist numbers, ... More >>
Maori honey interests back manuka trademark,seek involvement
Monday, 12 October 2015, 10:36 am | BusinessDesk
Oct. 12 (BusinessDesk) - The Miere Coalition, which represents Maori honey interests, supports the UMF Honey Association's bid to trademark Manuka Honey and says the industry group needs to work with Maori to make it successful. More >>
Vitaco trademark tax deductions attract query from IRD
Monday, 12 October 2015, 10:21 am | BusinessDesk
Oct. 12 (BusinessDesk) - Vitaco Health Group, the food supplements business formed through the merger of Healtheries New Zealand and Nutra-Life & Fitness, is being questioned by the Inland Revenue Department over $6.8 million of tax deductions claimed ... More >>
Dangerous game to stare down bankers, warns SFF chairman
Monday, 12 October 2015, 10:03 am | BusinessDesk
Oct. 12 (BusinessDesk) - Silver Fern Farms chairman Rob Hewett says the company's banking syndicate has become tired of its relationship and it would be "a dangerous game" to test lender support in the event farmer-shareholders don't support ... More >>
Shanghai Pengxin unit ends attempt to buy Northland farms
Monday, 12 October 2015, 9:25 am | BusinessDesk
Shanghai Pengxin unit ends attempt to buy Northland farms, citing 5 months of silence from OIO, Lochinver rejection More >>
NZ dollar falls vs. Aussie dollar as RBNZ seen cutting rates
Monday, 12 October 2015, 8:47 am | BusinessDesk
NZ dollar falls vs. Australian dollar as RBNZ seen cutting rates while RBA stands pat More >>
NZ angel investors bet on few new investments in first half
Monday, 12 October 2015, 7:02 am | BusinessDesk
NZ angel investors bet on fewer new investments in first half as total funding falls More >>
World Week Ahead: Bank earnings, Fed talks
Monday, 12 October 2015, 6:56 am | BusinessDesk
Oct. 12 (BusinessDesk) - US corporate earnings including those from JPMorgan Chase and Citigroup will be in focus in the coming days as well as remarks from a slew of Federal Reserve officials as investors continue to seek guidance on when US rates ... More >>
NZ inflation probably slowed in 3Q as vehicle levies fell
Monday, 12 October 2015, 6:51 am | BusinessDesk
Oct. 12 (BusinessDesk) - New Zealand inflation probably slowed in the third quarter, keeping the annual rate below the Reserve Bank's target band for a fourth straight quarter and giving the bank more reason to cut interest rates again as soon as this ... More >>
MARKET CLOSE: NZ shares rise, led by A2 after $40M placement
Friday, 9 October 2015, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by A2 after $40 mln placement; Contact, Meridian, MRP gain More >>
NZ dollar heads for 3.7% weekly gain; Fed timing pushed out
Friday, 9 October 2015, 5:19 pm | BusinessDesk
NZ dollar heads for 3.7% weekly gain vs. greenback as traders reassess Fed rate hike bets More >>
Further land sale restrictions possible under TPP
Friday, 9 October 2015, 3:45 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand will still be able to make its foreign investment rules "more restrictive" under the Trans-Pacific Partnership, according to a Ministry of Foreign Affairs and Trade guidance note, opening up a way for the ... More >>
NZ govt to look at monopoly power rules next month
Friday, 9 October 2015, 2:53 pm | BusinessDesk
NZ govt to look at monopoly power rules next month; cartel criminalisation still on the agenda More >>
Former SPGI director Turnock pleads guilty on FMA charges
Friday, 9 October 2015, 12:52 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Mark Turnock, former company director of SPG Investment Company No 1 (SPGI), has pleaded guilty to a charge brought by the Financial Markets Authority over making false statements. More >>
NZ spending on debit, credit cards increases in September
Friday, 9 October 2015, 11:32 am | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand retail spending on electronic cards rose for a fifth month in September, led by an increase in expenditure on durable goods and following recent improvements in retailers' business confidence. More >>
Opponent lays out alternative for Silver Fern Farms sale
Friday, 9 October 2015, 11:19 am | BusinessDesk
Silver Fern could stay NZ-owned for as little as $25k per farmer, says Chinese deal opponent More >>
