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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 745]
Job Done for winning pitch in Fonterra innovation comp
Tuesday, 1 September 2015, 5:50 pm | BusinessDesk
Sept. 1 (BusinessDesk) - It is indeed “job done” for the digital innovation start up of the same name which has secured a business relationship with dairy giant Fonterra Cooperative Group after delivering the winning pitch at an Auckland innovation event ... More >>
MARKET CLOSE: NZ shares mixed amid weak China manufacturing
Tuesday, 1 September 2015, 5:32 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as weak China manufacturing spurs regional selloff; ANZ, Westpac, Chorus decline More >>
NZ dollar gains ahead of dairy auction
Tuesday, 1 September 2015, 5:12 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar recovered some of yesterday's decline ahead of the latest dairy products auction, which will likely show a lift in prices, while weak Chinese manufacturing data continued to keep traders nervous. More >>
Australian central bank keeps cash rate unchanged at 2%
Tuesday, 1 September 2015, 4:58 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a fourth month, reiterating that domestic inflation pressures remain "contained" and the Australian dollar is adjusting to ... More >>
Pressing need for basics overtakes Chch 'smart city' plan
Tuesday, 1 September 2015, 4:34 pm | BusinessDesk
Sept. 1 (BusinessDesk) - A plan to transform Christchurch into "the world's smartest city", taking advantage of the earthquake rebuild to incorporate 'intelligent infrastructure' that could monitor and optimise use of services like energy and water, ... More >>
Hubbard Management Funds investors get their money back, wit
Tuesday, 1 September 2015, 4:20 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management, where the administrators had to pick apart "poor accounting records" ... More >>
Just Water posts 17% decline in annual profit
Tuesday, 1 September 2015, 3:50 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, reported a 17 percent drop in annual profit, as restructuring costs weighed on the bottom line. More >>
Airways meets govt request for higher dividend payments
Tuesday, 1 September 2015, 2:09 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Airways Corp of New Zealand, the state-owned enterprise in charge of the nation's air traffic control, has met a government request for a higher dividend payment in its latest financial year and promised to increase it ... More >>
Straker Translations raises $6mln with Kirk's cornerstone
Tuesday, 1 September 2015, 2:03 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Online translations company Straker Translations has raised $6 million to help fund its international expansion, including $4 million from David Kirk’s Bailador Investments. More >>
Kiwi dairy farmers face world's lowest payout
Tuesday, 1 September 2015, 12:58 pm | BusinessDesk
Kiwi dairy farmers feeling the pinch are right - their payout is the world's lowest More >>
Snakk founder Derek Handley to leave board, shares fall
Tuesday, 1 September 2015, 12:04 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Snakk Media founder Derek Handley will step down as chairman of the mobile advertising technology company by the end of the year in a wider boardroom shuffle. More >>
NZ house values accelerate at fastest annual pace in 8 years
Tuesday, 1 September 2015, 12:00 pm | BusinessDesk
NZ house values accelerate at fastest annual pace in 8 years, pushed by Auckland surge More >>
Rural Equities posts 27% decline in FY earnings
Tuesday, 1 September 2015, 11:39 am | BusinessDesk
Sept. 1 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, posted a 27 percent decline in annual earnings as milk prices plummeted. More >>
NZ terms of trade rise 1.3% in 2Q
Tuesday, 1 September 2015, 11:36 am | BusinessDesk
NZ terms of trade rise 1.3% in 2Q, as weaker kiwi helps bolster exports More >>
Sanford quits Pacific tuna unit, lines up buyers for boats
Tuesday, 1 September 2015, 10:42 am | BusinessDesk
Sept. 1 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, will quit its underperforming Pacific tuna business and put the unit's fleet up for sale. More >>
OceanaGold raises 2015 production estimate to reflect Waihi
Tuesday, 1 September 2015, 10:36 am | BusinessDesk
Sept. 1 (BusinessDesk) - OceanaGold Corp expects 2015 production to increase while costs fall after the gold miner takes control of Waihi Gold Mine later this year. More >>
Sea Dragon bosses to take up to $300,000 in rights offer
Tuesday, 1 September 2015, 10:16 am | BusinessDesk
Sea Dragon bosses to take up to $300,000 in rights offer By Suze Metherell More >>
NZ dollar drops as investors sell high yielding currencies
Tuesday, 1 September 2015, 8:34 am | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar fell as investors sell higher yielding currencies in anticipation of interest rate hikes in the US. More >>
While you were sleeping: Defensive positioning rules
Tuesday, 1 September 2015, 7:18 am | BusinessDesk
Sept. 1 (BusinessDesk) - Wall Street moved lower, after US Federal Reserve officials left open the door for an interest rate hike in September and amid lingering concerns about the outlook for China’s economy. More >>
BNZ worried about 'near-recession' as Key talks economy up
Monday, 31 August 2015, 6:04 pm | BusinessDesk
Aug. 31 (BusinessDesk) - The Bank of New Zealand is increasingly concerned the economy is grinding to a halt following today's confirmation in the ANZ Bank Business Outlook survey of slumping business confidence. More >>
