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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 737]
NZ economy grows less-than-expected 0.4% in 2nd-qtr
Thursday, 17 September 2015, 11:00 am | BusinessDesk
NZ economy grows less-than-expected 0.4% in 2nd-qtr as agriculture, mining rebound; dollar drops More >>
EXCLUSIVE: Alternative bidder emerges for Solid Energy
Thursday, 17 September 2015, 10:50 am | BusinessDesk
Sept. 17 (BusinessDesk) - A New South Wales-based mining investor, Mach Energy, is expected to make an alternative bid for distressed state-owned coal miner Solid Energy at today's 'watershed' meeting of creditors in Christchurch this morning. More >>
Lochinver decision due amid reports Pengxin's bid rejected
Thursday, 17 September 2015, 9:34 am | BusinessDesk
Sept. 17 (BusinessDesk) - The decision over Shanghai Pengxin's application to buy Lochinver Station is expected to be released at 11am, with media reports the government has scuttled the proposed $71 million sale to the Chinese investor. More >>
NZ dollar gains as US inflation weighs on greenback
Thursday, 17 September 2015, 8:47 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar gained after US inflation sapped expectations the US Federal Reserve will hike interest rates when at this week's meeting, weighing on the greenback, and ahead of local data which will likely show ... More >>
While you were sleeping: Oil gains on inventory drop
Thursday, 17 September 2015, 7:53 am | BusinessDesk
Sept. 17 (BusinessDesk) - Equities on both sides of the Atlantic rose with oil prices as the US Federal Open Market Committee began a two-day meeting that may result in its first interest rate rise since 2006. More >>
MARKET CLOSE: NZ shares rise ahead of Fed; ANZ, Westpac gain
Wednesday, 16 September 2015, 5:34 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand shares rose, following Australia's benchmark index higher, as stronger offshore sentiment flowed onto the local bourse. Australia New Zealand Banking Group and Air New Zealand gained. Fonterra Shareholders' Fund ... More >>
NZ dollar 'in holding pattern' ahead of FOMC
Wednesday, 16 September 2015, 5:10 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar rose after the latest GlobalDairyTrade auction and has held in a narrow range since then, with traders unwilling to make big bets ahead of the results of the US Federal Open Market Committee's deliberations ... More >>
NZ losing out in EU trade without modern FTA
Wednesday, 16 September 2015, 4:54 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand exporters are at a "growing competitive disadvantage" to competitors in European markets in the absence of a modern free trade agreement with the European Union, says the New Zealand International ... More >>
Vitaco climbs 19% in ASX debut for food supplements firm
Wednesday, 16 September 2015, 4:13 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Vitaco Health Group, the food supplements business formed through the merger of Healtheries New Zealand and Nutra-Life & Fitness, debuted on the ASX after almost a decade under private equity ownership, with the shares ... More >>
Snakk to tap investors for $2 mln, migrate to NXT market
Wednesday, 16 September 2015, 3:24 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Snakk Media, the mobile advertisement developer, plans to tap investors for $2 million and shift over to the fledgling NXT market from the NZAX. More >>
Australia's PEP agrees to buy NZ's Academic Colleges Group
Wednesday, 16 September 2015, 12:03 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Pacific Equity Partners, the biggest private equity firm in Australia and New Zealand, has agreed to buy Academic Colleges Group, the Auckland-based private educator, for an undisclosed sum. More >>
Turners cautiously upbeat on annual earnings guidance
Wednesday, 16 September 2015, 11:34 am | BusinessDesk
Sept. 16 (BusinessDesk) - Turners, the financial services firm formerly known as Dorchester Pacific, will probably beat annual earnings guidance, though headwinds facing the economy mean it's too early to upgrade the forecast. More >>
Fulton Hogan in talks to buy assets from Bruce Buchanan
Wednesday, 16 September 2015, 11:31 am | BusinessDesk
Sept. 16 (BusinessDesk) - Fulton Hogan, the closely held construction firm, is in talks with Bruce Buchanan to buy some of the Masterton-based contracting firm's assets, having built up a stronger balance sheet in the past year, paving the way for acquisitions. More >>
NZ turns to current account deficit in second quarter
Wednesday, 16 September 2015, 11:01 am | BusinessDesk
NZ turns to current account deficit in second quarter, annual gap at 3.5% of GDP after revisions More >>
CORRECT: NZ Super Fund posts 15% return in 2015
Wednesday, 16 September 2015, 10:48 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand Superannuation Fund generated a return of almost 15 percent in the 2015 financial year, beating its benchmark, but warned the above-average performance won't go on forever. More >>
NZ Super Fund posts 15% return in 2015
Wednesday, 16 September 2015, 9:52 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand Superannuation Fund generated a return of almost 15 percent in the 2015 financial year, beating its benchmark, but warned the above-average performance won't go on forever. More >>
Intergraph to seek markets for NZ Police-developed app
Wednesday, 16 September 2015, 8:45 am | BusinessDesk
Sept. 15 (BusinessDesk) - Global security and government infrastructure firm Intergraph is entering a commercial partnership with the New Zealand Police to develop and find global markets for a police-developed software application that cuts the time police ... More >>
NZ dollar gains as dairy auction exceeds expectations
Wednesday, 16 September 2015, 8:44 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar gained against a broadly stronger greenback after prices rose more than expected in the latest GlobalDairyTrade auction, stoking speculation Fonterra Cooperative Group may lift its forecast milk payout ... More >>
While you were sleeping: Wall St, US dollar rise
Wednesday, 16 September 2015, 7:42 am | BusinessDesk
Sept. 16 (BusinessDesk) - Wall Street and the greenback rose, while US Treasuries declined, after a report showing solid retail sales a day before the Federal Open Market Committee starts a two-day meeting that might conclude with the first rate ... More >>
Dairy product prices advance for third straight auction
Wednesday, 16 September 2015, 6:18 am | BusinessDesk
Sept. 16 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, climbing for a third straight auction after nearly six months of declines. More >>
