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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 732]
ERoad cuts earnings guidance for second year, shares drop
Monday, 28 September 2015, 11:11 am | BusinessDesk
Sept. 28 (BusinessDesk) - ERoad, the electronic road user charges and transport services company, said it’s unlikely to meet its financial forecasts in 2016, the second straight year it would miss the target, after acceleration of its US expansion hurt ... More >>
NZ employment confidence falls to three-year low
Monday, 28 September 2015, 10:51 am | BusinessDesk
Sept. 28 (BusinessDesk) - New Zealand employment confidence turned pessimistic in the third quarter, falling to a three-year low, with fewer workers expecting a pay rise in a labour market where more people are looking for a job. More >>
Comvita to take 19.9% stake in SeaDragon in rights offer
Monday, 28 September 2015, 10:50 am | BusinessDesk
Comvita to take 19.9% stake in SeaDragon in rights offer, securing fish oil supply More >>
Signs of dairy movement as TPP negotiators meet in Atlanta
Monday, 28 September 2015, 10:02 am | BusinessDesk
Sept. 28 (BusinessDesk) - News media in the US and Canada are reporting signs of a deal coming together on access for dairy products into North America as trade ministers gather in Atlanta, Georgia, for the latest round of talks attempting to conclude ... More >>
NZ dollar slips as Fed officials tip rate hike this year
Monday, 28 September 2015, 9:04 am | BusinessDesk
NZ dollar slips from week-high as Fed officials tip rate hike this year, Boehner flags exit More >>
World Week Ahead: Fed asserts itself
Monday, 28 September 2015, 6:17 am | BusinessDesk
Sept. 28 (BusinessDesk) - The coming week is filled with speeches by US Federal Reserve policy makers including Chair Janet Yellen, on Wednesday, as well as a slew of economic data including the government's monthly jobs report. More >>
MARKET CLOSE: NZ shares gain; Fonterra Fund rises
Friday, 25 September 2015, 5:55 pm | BusinessDesk
Sept. 25 (BusinessDesk) - New Zealand shares rose, as Xero gained and the Fonterra Shareholders' Fund advanced for a second day on the dairy cooperative's improved earnings and stronger forecast milk payout. Pumpkin Patch sank to a record low after ... More >>
NZ dollar heads for decline as Fed's Yellen talks rate hike
Friday, 25 September 2015, 5:20 pm | BusinessDesk
NZ dollar heads for decline as Fed's Yellen talks up rate hike By Paul McBeth More >>
Economics of Tiwai Point smelter going backwards
Friday, 25 September 2015, 5:14 pm | BusinessDesk
Sept. 25 (BusinessDesk) - A "startling" slump in the price of aluminium on global markets is more than offsetting a 20 percent fall in the New Zealand dollar against the greenback, pushing the Tiwai Point aluminium smelter into negative cashflow, ... More >>
Economics of Tiwai Point smelter going backwards
Friday, 25 September 2015, 5:14 pm | BusinessDesk
Sept. 25 (BusinessDesk) - A "startling" slump in the price of aluminium on global markets is more than offsetting a 20 percent fall in the New Zealand dollar against the greenback, pushing the Tiwai Point aluminium smelter into negative cashflow, ... More >>
Last OPI Pacific director cops community work, A$100k fine
Friday, 25 September 2015, 3:41 pm | BusinessDesk
Sept. 25 (BusinessDesk) - David Anderson, a former director of OPI Pacific Finance, has been sentenced to 300 hours community work and ordered to pay A$100,000 in reparations to investors after pleading guilty to misleading investors in the High Court in Auckland. More >>
Kiwifruit bacteria Psa found on Whangarei orchard
Friday, 25 September 2015, 2:25 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The bacterial vine disease that struck New Zealand's kiwifruit sector in 2010 has been found on a Whangarei orchard for the first time, Kiwifruit Vine Health says. More >>
UPDATE: UK-based P2P Global takes 4.5% stake in Harmoney
Friday, 25 September 2015, 2:01 pm | BusinessDesk
Sept. 25 (BusinessDesk) - UK-based peer-to-peer lender P2P Global Investments has lifted its stake in local platform operator Harmoney to 4.5 percent, while also giving the Auckland-based firm a $200 million funding line. More >>
Harmoney gets $200 mln funding line from investor P2P Global
Friday, 25 September 2015, 11:20 am | BusinessDesk
Sept. 25 (BusinessDesk) - Harmoney Corp, which operates an online peer-to-peer financial services platform, has secured a $200 million funding line from investor P2P Global Investments, which also increased its stake in the Auckland-based firm. More >>
Pumpkin Patch in talks with bank after cutting guidance
Friday, 25 September 2015, 10:11 am | BusinessDesk
Sept. 25 (BusinessDesk) - Pumpkin Patch delayed the release of its 2015 results and said provisioning means it will miss earnings guidance and post a bigger net loss, which has forced the children's clothing retailer into talks with its lender, ANZ ... More >>
NZ dollar gains after Fonterra raises payout forecast
Friday, 25 September 2015, 8:49 am | BusinessDesk
NZ dollar gains after Fonterra raises payout forecast; Fed's Yellen to speak on inflation More >>
'Bubble' banker class can't last: Rob Campbell tells Infinz
Friday, 25 September 2015, 8:33 am | BusinessDesk
Sept. 24 (BusinessDesk) - Professional director Rob Campbell says the only 'bubble' economy the world has to worry about is the "sealed bubble in which most finance professionals work", buoyed up by "their hangers on and mutual admiration ... More >>
While you were sleeping: Caterpillar drops
Friday, 25 September 2015, 7:57 am | BusinessDesk
Sept. 25 (BusinessDesk) - Wall Street dropped ahead of a speech by US Federal Reserve Chair Janet Yellen, while shares of Caterpillar sank after the company downgraded its full-year earnings forecast and announced plans to cut jobs. More >>
MARKET CLOSE: NZ shares rise, led by Fonterra Fund
Thursday, 24 September 2015, 5:41 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Fonterra Fund after Fonterra raises forecast; Spark gains More >>
NZ dollar gains after Fonterra moves payout forecast
Thursday, 24 September 2015, 5:38 pm | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar rose after Fonterra Cooperative Group lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy, and after China's Guoxin International Co committed to ... More >>
