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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 725]
NZ dollar climbs to six-week high as commodities gain
Wednesday, 7 October 2015, 5:28 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand dollar rose to a six-week high, extending gains after another increase in milk product prices at the latest GlobalDairyTrade auction, and higher commodity prices across the board. More >>
Air NZ forecasts 85% jump in first-half pretax earnings
Wednesday, 7 October 2015, 5:24 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Air New Zealand, the country’s national carrier, said increased passenger demand will drive an 85 percent jump in first-half earnings before tax to $400 million. More >>
ACC's 14.5% investment return beats benchmark
Wednesday, 7 October 2015, 4:20 pm | BusinessDesk
ACC's 14.5% investment return beats benchmark as NZ, global bonds and equities outperform More >>
New E tu union seeks relevance in changing labour market
Wednesday, 7 October 2015, 2:17 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The newly formed E tu union, created through the merger of the Engineering, Printing and Manufacturing Union and the Service and Food Workers Union, wants to make organised labour relevant to workers again in a bid to catch ... More >>
Metlife buys fourth site on Auckland's North Shore
Wednesday, 7 October 2015, 11:36 am | BusinessDesk
Oct. 7 (BusinessDesk) - Metlifecare, the retirement village operator, has entered into a conditional agreement to buy land in Auckland's North Shore for an undisclosed sum as part of its proposed $300 million village project. More >>
ComCom warns roofer on cartel behaviour
Wednesday, 7 October 2015, 11:32 am | BusinessDesk
Oct. 7 (BusinessDesk) - The Commerce Commission has formally warned Consolidated Alloys N.Z. for cartel-like behaviour after the Australian-owned manufacturer used a settlement over a patent dispute to try and restrict roofing products available ... More >>
US-based D&S Communications buys assets of failed Mako
Wednesday, 7 October 2015, 10:56 am | BusinessDesk
Oct. 7 (BusinessDesk) - US telecommunications company D&S Communications has paid $3 million for the assets of Mako Networks from the failed network security company’s receivers. More >>
NZ Super Fund seeking more NZ investments
Wednesday, 7 October 2015, 9:34 am | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand Superannuation Fund is actively seeking new domestic investment opportunities where it believes it has “hometown advantages” but chief executive Adrian Orr said they’re difficult to find at the scale it needs. More >>
CORRECT: NZ dollar gains as dairy prices rise in latest GDT
Wednesday, 7 October 2015, 9:03 am | BusinessDesk
CORRECT: NZ dollar gains as dairy prices rise in latest GDT auction, sapping rate cut expectations More >>
Summerset lifts annual earnings guidance as sales jump
Wednesday, 7 October 2015, 8:55 am | BusinessDesk
Oct. 7 (BusinessDesk) - Summerset Group, the retirement village developer and operator, raised annual earnings guidance after sales climbed 64 percent in the third quarter and in anticipation of increased activity in the final three months of the year, ... More >>
NZ dollar gains as dairy prices rise in latest GDT auction
Wednesday, 7 October 2015, 8:47 am | BusinessDesk
NZ dollar gains as dairy prices rise in latest GDT auction, sapping rate cut expectations More >>
While you were sleeping: IMF cuts global growth outlook
Wednesday, 7 October 2015, 8:09 am | BusinessDesk
Oct. 7 (BusinessDesk) - Wall Street was mixed, as shares of DuPont rallied, while biotech stocks dropped, while the International Monetary Fund downgraded its global growth forecasts. More >>
Dairy product prices increase on optimism for outlook
Wednesday, 7 October 2015, 6:49 am | BusinessDesk
Oct. 7 (BusinessDesk) - Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a fourth consecutive time after nearly six months of declines. More >>
MARKET CLOSE: NZ shares rise on TPP; SkyCity gains
Tuesday, 6 October 2015, 5:42 pm | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand shares rose after agreement was reached on the Trans Pacific Partnership deal. Xero, SkyCity Entertainment Group and Fletcher Building gained. More >>
NZ dollar slips vs. Australian dollar after RBA statement
Tuesday, 6 October 2015, 5:20 pm | BusinessDesk
Oct. 6 (BusinessDesk) - The New Zealand dollar dipped against its trans-Tasman counterpart after the Reserve Bank of Australia disappointed traders looking for hints of another rate cut, keeping the target cash rate unchanged and saying data will inform future ... More >>
RBA sees regulatory measures helping contain housing risks
Tuesday, 6 October 2015, 5:18 pm | BusinessDesk
Oct. 6 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at 2 percent, as expected, and indicated it has become slightly less concerned about volatility in financial markets and the overheated housing market in Sydney and Melbourne. More >>
NZ govt lifts target speeds for rural broadband to boost ICT
Tuesday, 6 October 2015, 5:11 pm | BusinessDesk
Oct. 6 (BusinessDesk) - The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees ... More >>
Affinity's Tegel may be heading for NZX 50 as fund managers
Tuesday, 6 October 2015, 4:36 pm | BusinessDesk
Affinity's Tegel may be heading for NZX 50 as fund managers warm to chicken business More >>
Affco denies fixed-term contract meat workers are locked out
Tuesday, 6 October 2015, 1:43 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Talleys Group-controlled meat processor Affco New Zealand has told the Employment Court case law to backs up its stance that seasonal meat workers are not employed continuously and instead sign fixed-term contracts, so cannot ... More >>
Labour says jury's out on supporting TPP
Tuesday, 6 October 2015, 1:06 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Senior Labour Party politicians are waiting for the detail of the Trans Pacific Partnership trade and investment pact before declaring whether it breaches any of the five "bottom lines" the party says the TPP must ... More >>
