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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 740]
Southern Cross Medical delivers $5.8m surplus
Friday, 11 September 2015, 9:26 am | BusinessDesk
Sept. 11 (BusinessDesk) - Southern Cross Medical Care Society, the insurance arm of the not-for-profit health group, returned to an annual surplus as premiums and claims increased at the same pace. More >>
F&P Healthcare names First NZ Capital's St John to board
Friday, 11 September 2015, 9:24 am | BusinessDesk
Sept. 11 (BusinessDesk) - Fisher & Paykel Healthcare, which is aiming to lift annual revenue to $1 billion in the next three years, named First NZ Capital chief Scott St John as an independent, non-executive director starting on Oct. 1. More >>
NZ dollar regains some ground following post-RBNZ slump
Friday, 11 September 2015, 9:07 am | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar regained some ground following a sharp sell-off spurred by the Reserve Bank statement yesterday, although it under-performed the Australian dollar as market sentiment improved overnight. More >>
Ports of Auckland profit drops 15% on Bledisloe costs
Friday, 11 September 2015, 8:07 am | BusinessDesk
Sept. 11 (BusinessDesk) - Ports of Auckland posted a 15 percent decline in full-year profit as sales ebbed and the Auckland Council-owned company recognised costs related to the Bledisloe Wharf extension after the resource consents were quashed by the ... More >>
While you were sleeping: Apple bolsters Wall St
Friday, 11 September 2015, 8:02 am | BusinessDesk
Sept. 11 (BusinessDesk) - Wall Street gained as a report suggested the US labour market remains solid ahead of next week’s gathering of Federal Reserve policy makers. More >>
NZ dollar tumbles as RBNZ delivers rate cut, promises more
Thursday, 10 September 2015, 5:32 pm | BusinessDesk
Sept. 10 (BusinessDesk) - The New Zealand dollar tumbled more than 1 US cent and fell on a trade-weighted basis after the Reserve Bank cut interest rates and flagged a further decline, while signalling risks to the economy including the El Nino weather ... More >>
Auckland median house price up 21% in August year: REINZ
Thursday, 10 September 2015, 2:04 pm | BusinessDesk
Sept. 10 (BusinessDesk) - The number of home sales fell 4.4 percent in August from July, while soaring on an annual basis, as the national median price steadied on a monthly reading, according to the latest figures from the Real Estate Institute ... More >>
Solid Energy insolvent, creditors support orderly selldown
Thursday, 10 September 2015, 2:00 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Solid Energy's banking backers can expect to get back between 35 cents and 40 cents in the dollar under a Deed of Company Arrangement that will allow the insolvent state-owned coal miner to be wound up and its saleable assets ... More >>
RBNZ decides monetary policy by committee, Wheeler insists
Thursday, 10 September 2015, 12:38 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler may be one of the few central bank chiefs worldwide to rule by fiat, with the sole power to change monetary policy, dictate terms to lending institutions and decide when to intervene ... More >>
NZ spending on debit, credit cards rises in August
Thursday, 10 September 2015, 11:20 am | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand spending on electronic cards rose in August for the fourth consecutive month, as spending across all retail sectors increased. More >>
Banks drop mortgage interest rates following RBNZ's OCR cut
Thursday, 10 September 2015, 10:32 am | BusinessDesk
Sept. 10 (BusinessDesk) - Kiwibank, ANZ Bank and Westpac Banking Corp have all matched the Reserve Bank of New Zealand's cut to the official cash rate, reducing floating mortgage rates a quarter of a percent in a "competitive" home loan market. More >>
RESEND: NZ dollar drops 1 US cent on prospect of rate cuts
Thursday, 10 September 2015, 10:17 am | BusinessDesk
RESEND: NZ dollar drops 1 US cent as traders bet on currency's decline after RBNZ rate cut More >>
NZ dollar drops 1 US cent as traders bet on more rate cuts
Thursday, 10 September 2015, 10:12 am | BusinessDesk
NZ dollar drops 1 US cent as traders bet more rate cuts will drive kiwi lower More >>
Property For Industry in trading halt ahead of bookbuild ann
Thursday, 10 September 2015, 9:19 am | BusinessDesk
Sept. 10 (BusinessDesk) - Property For Industry, the listed industrial landlord, has gone into a trading halt ahead of announcing the details of its bookbuild following its $49.5 million rights offer. More >>
Buller may make full takeover bid for Pulse
Thursday, 10 September 2015, 9:15 am | BusinessDesk
Sept. 10 (BusinessDesk) - Lines company Buller Electricity may make a full cash takeover for the 44 percent of small-scale electricity retailer Pulse Electricity that it doesn't already own in partnership with an undisclosed third party. More >>
Fonterra signals further declines in milk production
Thursday, 10 September 2015, 9:10 am | BusinessDesk
Sept. 10 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, held its forecast for lower milk volumes this season and signalled production may decline further. More >>
RBNZ cuts OCR, further cut ‘likely’; inflation to rebound
Thursday, 10 September 2015, 9:06 am | BusinessDesk
Sept. 10 (BusinessDesk) - The Reserve Bank cut the official cash rate as expected and said further easing seems likely but also telegraphed a rebound in tradables inflation because of the weak kiwi dollar and a pickup in crude oil prices. More >>
NZ dollar advances ahead of RBNZ interest rate decision
Thursday, 10 September 2015, 8:22 am | BusinessDesk
Sept. 10 (BusinessDesk) - The New Zealand dollar advanced ahead of the Reserve Bank meeting today, on optimism about global growth as China's government signalled it will support its flagging economy. More >>
While you were sleeping: Wall St slides on oil, jobs
Thursday, 10 September 2015, 7:59 am | BusinessDesk
Sept. 10 (BusinessDesk) - Wall Street fell, erasing earlier gains, as oil slid and a record number of US job openings made investors wonder if the US Federal Reserve might raise interest rates next week after all. More >>
MARKET CLOSE: NZ shares rise in Asian rally
Wednesday, 9 September 2015, 5:32 pm | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand shares rose in a global rally as investors shrugged off worries about China. Spark New Zealand, Summerset Holdings and Fletcher Building advanced as tomorrow's likely rate cut by the Reserve Bank of New Zealand saw traders ... More >>
