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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 726]
Mercer to sell unprofitable medical division for $2mln
Tuesday, 6 October 2015, 12:19 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Mercer Group, the stainless steel fabricator and manufacturer, has agreed to sell its unprofitable medical division for $2.03 million, kicking off an asset sale programme signalled in August when the company wrote off $6 million ... More >>
MediaWeb's Victor Clarke pleads guilty to $2.2 million fraud
Tuesday, 6 October 2015, 12:08 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Victor Clarke, a former director of MediaWeb, one-time publisher of NZ Management magazine, has pleaded guilty to forgery and false accounting charges, brought by the Serious Fraud Office, relating to loans of $2.2 million for the failed ... More >>
CORRECT: NZ's biggest companies may face 'compliance burden'
Tuesday, 6 October 2015, 11:26 am | BusinessDesk
Oct. 6 (BusinessDesk) - Fonterra Cooperative Group is likely to be among some 20 New Zealand companies left dealing with increased red tape to comply with wide-ranging reforms to corporate tax rules proposed by the Organisation for Economic Cooperation ... More >>
Orion shares jump 9% on US defence deal
Tuesday, 6 October 2015, 11:04 am | BusinessDesk
Oct. 6 (BusinessDesk) - Orion Health shares jumped 9 percent after the listed healthcare system software developer said it was part of a group that won a US Department of Defense contract to help modernise the department's healthcare data system. More >>
Auckland house prices rise to record in September
Tuesday, 6 October 2015, 10:59 am | BusinessDesk
Oct. 6 (BusinessDesk) - Auckland house prices rose to a record in an unseasonably busy September as buyers sought properties ahead of new regulations aimed at cooling the market, according to the city's largest realtor. More >>
Sanford appoints Rob McLeod to board, seeks Maori tie-up
Tuesday, 6 October 2015, 10:36 am | BusinessDesk
Oct. 6 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, will add Ernst & Young chairman Rob McLeod to its board next year as it seeks to get closer with Maori fishing firms in a bid to lift the industry's performance against ... More >>
NZ's biggest companies may face 'enormous compliance burden'
Tuesday, 6 October 2015, 10:19 am | BusinessDesk
Oct. 6 (BusinessDesk) - Fonterra Cooperative Group is likely to be among some 20 New Zealand companies left dealing with increased red tape to comply with wide-ranging reforms to corporate tax rules proposed by the Organisation for Economic Cooperation ... More >>
NZ business confidence drops to four-year low: QSBO
Tuesday, 6 October 2015, 10:16 am | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand business confidence extended its decline in the third quarter, plunging to its lowest level in more than four years, with local firms now expecting conditions to deteriorate in a tougher economic climate. More >>
Business lobbies, wine growers, meat sector welcome TPP
Tuesday, 6 October 2015, 9:59 am | BusinessDesk
Oct. 6 (BusinessDesk) - Business lobbies, wine growers and the country's meat sector have welcomed the Trans-Pacific Partnership trade and investment agreement, which left Fonterra Cooperative Group cold after prolonged negotiations wrung only small, ... More >>
NZ dollar rises to five-week high
Tuesday, 6 October 2015, 8:41 am | BusinessDesk
NZ dollar rises to five-week high as weaker US, UK data seen keeping interest rates low More >>
While you were sleeping: Stocks climb on US rate view
Tuesday, 6 October 2015, 8:16 am | BusinessDesk
Oct. 6 (BusinessDesk) - Stocks rallied on both sides of the Atlantic, while US Treasuries and the greenback dipped, amid expectations the US Federal Reserve might hold off on raising interest rates this year. More >>
Fonterra 'very disappointed' with limited TPP dairy deal
Tuesday, 6 October 2015, 7:16 am | BusinessDesk
Oct. 6 (BusinessDesk) - The New Zealand government faces a tough job defending the outcome of the Trans-Pacific Partnership trade and investment agreement, in which it gained limited new access into the highly protected dairy markets of the US, Canada, ... More >>
TPP deal gives limited win for NZ dairy
Tuesday, 6 October 2015, 3:51 am | BusinessDesk
Oct. 6 (BusinessDesk) - Twelve Pacific Rim nations have reached a deal on the controversial Trans-Pacific Partnership in the American city of Atlanta, ending more than five years of negotiations to create the largest trade and investment pact since the Uruguay ... More >>
Court adjourns on meatworkers' claim
Monday, 5 October 2015, 6:11 pm | BusinessDesk
Oct. 5 (BusinessDesk) - An Employment Court stoush between the New Zealand Meat and Related Trades Union and Talleys Group-controlled meat processor Affco New Zealand over new individual contracts has been adjourned while the union clarifies what remedies ... More >>
MARKET CLOSE: NZ shares rise; Kathmandu gains on buyout hope
Monday, 5 October 2015, 5:36 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; Kathmandu gains on buyout hopes, Ebos, Nuplex, NZ Refining gain More >>
NZ dollar gains as traders digest weak US employment numbers
Monday, 5 October 2015, 5:07 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar gained in local trading as investors weighed up the impact of weaker-than-expected US employment figures and what that means for the Federal Reserve's track to raise interest rates. More >>
CORRECT: Westpac keeps core government transactions contract
Monday, 5 October 2015, 5:05 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More >>
Funding no-shows frustrate mining junior New Talisman
Monday, 5 October 2015, 4:53 pm | BusinessDesk
Oct. 5 (BusinessDesk) - New Talisman Gold Mines, which is scraping up cash to begin bulk sampling work at its Talisman gold mine project in New Zealand’s Hauraki district, is frustrated that a second potential investor has failed to come up with promised ... More >>
Westpac keeps core government transactions contract
Monday, 5 October 2015, 3:08 pm | BusinessDesk
Oct. 5 (BusinessDesk) - The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More >>
Atlanta TPP talks head into the night
Monday, 5 October 2015, 3:02 pm | BusinessDesk
Oct. 5 (BusinessDesk) - Intensive negotiations are going on into the late evening in Atlanta, Georgia, as trade ministers from the 12 nations seek to conclude the Trans-Pacific Partnership trade and investment pact, seven years after talks first ... More >>
