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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 734]
China's Guoxin commits US$2 bln to Christchurch rebuild
Wednesday, 23 September 2015, 12:07 pm | BusinessDesk
Sept. 23 (BusinessDesk) - Christchurch City Council is rolling out the welcome mat for Guoxin International Co, one of China's largest infrastructure development companies, which is committing to raise a US$2 billion fund for investment projects in the city ... More >>
Wynyard Group used to catch global wildlife traffickers
Wednesday, 23 September 2015, 11:59 am | BusinessDesk
Sept. 23 (BusinessDesk) - Wynyard Group, the security software firm, says its software is being used to help track down global wildlife trafficking – the fourth-largest illegal trade in the world after drugs, humans and weapons. More >>
NZ 'holding our ground' in TPP dairy talks, says Groser
Wednesday, 23 September 2015, 11:40 am | BusinessDesk
Sept. 23 (BusinessDesk) - New Zealand negotiators are "holding our ground" in talks to conclude the Trans-Pacific Partnership trade and investment treaty with some improved access expected for dairy exports to the highly protected markets of ... More >>
OPI's White sentenced to 250 hrs community work, A$100,000
Wednesday, 23 September 2015, 11:38 am | BusinessDesk
OPI's White sentenced to 250 hrs community work, A$100,000 penalty By Suze Metherell More >>
Trilogy forecasts stronger first-half performance
Wednesday, 23 September 2015, 10:57 am | BusinessDesk
Sept. 23 (BusinessDesk) - Trilogy International, the skincare products and scented candle maker, said revenue and earnings for the September half-year will exceed guidance given in August following strong demand for its products and a weakening kiwi dollar. ... More >>
Endace to shed jobs under new owner Avago
Wednesday, 23 September 2015, 10:45 am | BusinessDesk
Sept. 23 (BusinessDesk) - New Zealand-founded Endace, which develops technology that measures, monitors and protects high-speed networks, is understood to have laid off about two-thirds of its workers, a move that could potentially trigger claw-back ... More >>
Restaurant Brands 1st-half sales rise 13% on demand for KFC
Wednesday, 23 September 2015, 9:41 am | BusinessDesk
Restaurant Brands first-half sales rise 13% on demand for KFC, more Carl's Jr stores More >>
DNZ to buy Countdown supermarket properties for $287M
Wednesday, 23 September 2015, 9:28 am | BusinessDesk
Sept. 23 (BusinessDesk) - DNZ Property Fund, which is rebranding as Stride Property, has entered into a deal to buy a supermarket property portfolio for $287 million, and will help fund the acquisition by raising up to $129 million of new capital. More >>
Z sees greater benefits from Chevron acquisition
Wednesday, 23 September 2015, 9:12 am | BusinessDesk
Sept. 23 (BusinessDesk) - Z Energy, the service station chain, expects greater benefits than previously forecast from its proposed acquisition of Chevron New Zealand's service stations and says it is running on schedule to integrate the business if it gets ... More >>
NZ dollar falls as concerns over China weigh on commodities
Wednesday, 23 September 2015, 8:39 am | BusinessDesk
NZ dollar falls as concerns over China push down commodity prices, VW weighs on euro More >>
While you were sleeping: Metals drag equities lower
Wednesday, 23 September 2015, 7:59 am | BusinessDesk
Sept. 23 (BusinessDesk) - US Treasuries rose along with bonds in Europe, while equities on both sides of the Atlantic fell with commodity prices, amid concern about the outlook for the global economy. More >>
Air NZ's philanthropic ideas for dividends rejected by Crown
Tuesday, 22 September 2015, 5:43 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Air New Zealand has proposed that shareholders reinvest their dividends for philanthropic endeavours as part of its sustainability aims but the concept won't be foisted on its biggest shareholder, the Crown, which is urging ... More >>
Air NZ's philanthropic ideas for dividends rejected by Crown
Tuesday, 22 September 2015, 5:42 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Air New Zealand has proposed that shareholders reinvest their dividends for philanthropic endeavours as part of its sustainability aims but the concept won't be foisted on its biggest shareholder, the Crown, which is urging ... More >>
MARKET CLOSE: NZ shares rise; Ebos climbs to record
Tuesday, 22 September 2015, 5:36 pm | BusinessDesk
Sept. 22 (BusinessDesk) - New Zealand shares rose, with Ebos Group advancing to a record as investors sought defensive healthcare stocks. Fonterra Shareholders' Fund gained ahead of annual earnings. More >>
NZ dollar falls as investors see higher US interest rates
Tuesday, 22 September 2015, 5:04 pm | BusinessDesk
NZ dollar falls as investors see higher US interest rates on track after Fed delay More >>
NZ Story dusts off FernMark brand for exporters
Tuesday, 22 September 2015, 4:22 pm | BusinessDesk
Sept. 22 (BusinessDesk) - New Zealand Story, the government entity set up to help local firms market themselves to the rest of the world, will offer licenses to the FernMark brand for the first time in three years, giving exporters the right to buy ... More >>
WOOP becomes most well-funded equity crowd funded start-up
Tuesday, 22 September 2015, 2:15 pm | BusinessDesk
Sept. 22 (BusinessDesk) - Gourmet dinner delivery service WOOP (World On Our Plate) has closed off the most successful equity crowdfunding by a New Zealand start-up this week, raising its target $800,000 days earlier than planned. More >>
Rugby World Cup puts CSx concussion software on try line
Tuesday, 22 September 2015, 12:47 pm | BusinessDesk
Rugby World Cup puts CSx's concussion software on the try line as head injury concerns grow More >>
Synlait annual profit slumps 46% on lactoferrin sales
Tuesday, 22 September 2015, 9:37 am | BusinessDesk
Sept. 22 (BusinessDesk) - Synlait Milk, which counts China's Bright Dairy & Food as its biggest shareholder, posted a 46 percent drop in annual profit as lactoferrin sales missed expectations and it kept milk payments high enough to ensure supply. ... More >>
NZ dollar falls as Fed official Lockhart talks up rate hikes
Tuesday, 22 September 2015, 8:43 am | BusinessDesk
Sept. 22 (BusinessDesk) - The New Zealand dollar fell as Federal Reserve official Dennis Lockhart talked up the chances of US rate hike coming this year, the third Fed official to support higher interest rates since last week's meeting, and stoking ... More >>
