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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 742]
SFO lays charges against MediaWeb director Victor John Clarke
Tuesday, 8 September 2015, 10:30 am | BusinessDesk
Sept. 8 (BusinessDesk) - The Serious Fraud Office has laid Crimes Act charges against Victor John Clarke, a former director of failed media company MediaWeb, in the Auckland District Court for alleged offending involving $2.2 million. More >>
Pulse Energy halts trading in shares pending announcement
Tuesday, 8 September 2015, 9:49 am | BusinessDesk
Sept. 8 (BusinessDesk) - Pulse Energy, the small-scale electricity retailer, has called a halt to trading of its shares on the NZAX small cap board pending an announcement this morning. More >>
NZ dollar falls as traders focus on likely RBNZ rate cut
Tuesday, 8 September 2015, 8:51 am | BusinessDesk
NZ dollar falls as traders focus on likely RBNZ rate cut; emerging El Nino concerns weigh More >>
While you were sleeping: Europe’s sigh of relief
Tuesday, 8 September 2015, 6:49 am | BusinessDesk
Sept. 8 (BusinessDesk) - European equities moved higher amid relief that Chinese stocks losses were contained, fuelling optimism that a slowdown in global economic growth will be checked. More >>
Equity crowdfunding for Footfalls & Heartbeats extended
Monday, 7 September 2015, 5:58 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The equity crowdfunding offer for smart fabrics firm Footfalls & Heartbeats on the new My Angel Investment platform has been extended for two weeks to allow negotiations with wholesale investors to be completed. More >>
MARKET CLOSE: NZ shares rise on yield demand
Monday, 7 September 2015, 5:32 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand shares rose on demand for dividend paying stocks ahead of what's widely expected to be an interest rate cut by the Reserve Bank this week. Spark New Zealand, Fletcher Building and Meridian Energy advanced. More >>
New Zealand dollar falls against the greenback
Monday, 7 September 2015, 5:11 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand dollar fell against the greenback and the Australian dollar as Chinese stocks rose after national holidays and as traders look ahead to the Reserve Bank's policy review on Thursday, amid expectations of an interest ... More >>
Meat Workers Union vows to survive Affco stoush
Monday, 7 September 2015, 2:46 pm | BusinessDesk
Backgrounder: Meat Workers Union vows to survive Affco stoush in face of legal bills, dwindling membership More >>
CBL plans to raise as much as $132M in share sale
Monday, 7 September 2015, 2:38 pm | BusinessDesk
CBL plans to raise as much as $132M in share sale, list on ASX, NZX More >>
Rubicon to 'vigorously appeal' ArborGen employee complaint
Monday, 7 September 2015, 2:13 pm | BusinessDesk
Sept. 7 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, will "vigorously appeal" any decision over a US-based employee complaint against its part-owned seedling company, ArborGen. More >>
NZ Dollar Outlook: Analysts split on direction before RBNZ
Monday, 7 September 2015, 12:52 pm | BusinessDesk
NZ Dollar Outlook: Analysts split on kiwi's direction as RBNZ set to cut interest rates More >>
Area360 snags $5.5M from US investors for growth
Monday, 7 September 2015, 10:11 am | BusinessDesk
Sept. 7 (BusinessDesk) - Area 360, the Seattle-based firm that owns the Wellington-founded STQRY app, has snagged $5.5 million from US venture capitalists Madrona Venture Group. More >>
Ossis targets UK market to expand sales of 3D implants
Monday, 7 September 2015, 10:08 am | BusinessDesk
Sept. 4 (BusinessDesk) - Ossis Ltd, which uses 3D printing technology to custom design titanium implants for patients with severely damaged bones and joints, is expanding outside of Australasia to the UK. More >>
NZ dollar falls as US data keeps door open for rate hike
Monday, 7 September 2015, 8:41 am | BusinessDesk
NZ dollar declines as US labour market data keeps door open to potential rate hike More >>
RBNZ rate cut almost certain this week
Monday, 7 September 2015, 7:59 am | BusinessDesk
Sept. 7 (BusinessDesk) - The Reserve Bank is expected to cut interest rates this week and may again reduce its forecast for economic growth, although the drop in the kiwi dollar means the bank will probably maintain its projection for inflation ... More >>
World Week Ahead: China hogs the limelight
Monday, 7 September 2015, 7:14 am | BusinessDesk
Sept. 7 (BusinessDesk) - Chinese investors, who return to trading after a four-day break, may be the key to sentiment this week and whether global equities will remain volatile. More >>
Petricevic parole challenge dismissed
Friday, 4 September 2015, 5:59 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The Sensible Sentencing Trust has lost its bid for a judicial review of the decision to release former Bridgecorp boss Rod Petricevic on parole. More >>
NZ dollar heads for 1.5% weekly decline
Friday, 4 September 2015, 5:09 pm | BusinessDesk
NZ dollar heads for 1.5% weekly decline as markets shy away from risk; US jobs report looms More >>
SST wants taxpayer funding for Petricevic crusade
Friday, 4 September 2015, 2:58 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The Sensible Sentencing Trust wants the taxpayer to fund its High Court challenge over the Parole Board's decision to release former Bridgecorp boss Rod Petricevic half-way into his six-year, 10-month sentence. More >>
NZ wool trades at record high amid tight supply
Friday, 4 September 2015, 2:30 pm | BusinessDesk
Sept. 4 (BusinessDesk) - New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. More >>
