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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 75]
Spark and Huawei show cautious optimism as UK allows Huawei
Thursday, 25 April 2019, 5:43 pm | BusinessDesk
April 25 (BusinessDesk) - Spark New Zealand and Chinese telecommunications equipment maker Huawei's local arm are both expressing cautious optimism that a UK government decision to allow Huawei gear into parts of the British 5G internet build could see ... More >>
MARKET CLOSE: NZ shares follow Wall St higher
Wednesday, 24 April 2019, 9:05 pm | BusinessDesk
MARKET CLOSE: NZ shares follow Wall St higher in light trading; Meridian, F&P, A2 rise More >>
NZ dollar falls on weak Australian CPI
Wednesday, 24 April 2019, 8:17 pm | BusinessDesk
April 24 (BusinessDesk) - The New Zealand dollar was dragged lower along with its trans-Tasman counterpart after March quarter inflation in Australia fell to its slowest pace in three years. More >>
Scott to acquire French technology firm
Wednesday, 24 April 2019, 6:46 pm | BusinessDesk
April 24 (BusinessDesk) - Scott Technology has agreed in principle to purchase French technology company Normaclass to expand its meat processing capability. More >>
Soft compulsion favoured for homeowners to get cover
Wednesday, 24 April 2019, 6:45 pm | BusinessDesk
April 24 (BusinessDesk) - People building new houses will need to get insurance or a guarantee to protect themselves from faulty work if proposals contained in the government's proposed raft of building law reforms go ahead. More >>
Kingfish exits Michael Hill to focus on A2, F&P, Mainfreight
Wednesday, 24 April 2019, 3:52 pm | BusinessDesk
April 24 (BusinessDesk) - Kingfish pivoted out of Michael Hill International in the latest quarter, adding to its position in A2 Milk, Fisher & Paykel Healthcare and Mainfreight after strong returns. More >>
Mainzeal liquidators seek millions in interest payments
Wednesday, 24 April 2019, 3:08 pm | BusinessDesk
April 23 (BusinessDesk) - Millions of dollars are at stake as Mainzeal litigants head back to court on Wednesday, May 8, for a decision on costs and interest payments. More >>
Less than half of customers say banks can be trusted
Wednesday, 24 April 2019, 12:21 pm | BusinessDesk
April 24 (BusinessDesk) - Consumers tend to be satisfied with their banks overall but less than half think banks can be trusted and almost two-thirds doubt they have their customers' best interests at heart. More >>
Meeting to stop social media's use in terrorism
Wednesday, 24 April 2019, 11:46 am | BusinessDesk
April 24 (BusinessDesk) - New Zealand and France will work together to stop social media's use in organizing and promoting terrorism and violent extremism in the wake of last month's terrorist attacks in Christchurch that killed 50 people. More >>
Trade Me hires Schibsted exec Anders Skoe as new CEO
Wednesday, 24 April 2019, 10:58 am | BusinessDesk
April 24 (BusinessDesk) - Trade Me Group has hired Norwegian online marketplace executive Anders Skoe, who will take over the reins of New Zealand's most popular domestic website later this year. More >>
NZ dollar weaker as fears of US slowdown ease
Wednesday, 24 April 2019, 10:57 am | BusinessDesk
April 24 (BusinessDesk) - The New Zealand dollar fell after upbeat US data and earnings reduced concerns about a possible slowdown there and helped stoke appetite for the greenback. More >>
Reduce bank capital target and move slowly, says Harbour
Wednesday, 24 April 2019, 10:54 am | BusinessDesk
April 24 (BusinessDesk) - Harbour Asset Management is calling for the Reserve Bank to lower its target for bank capital and to phase the new regime in over at least 10 years while allowing for at least one pause to take stock of the actual impact. More >>
MARKET CLOSE: NZX50 tops 10,000, growing 284% in past decade
Tuesday, 23 April 2019, 9:07 pm | BusinessDesk
April 23 (BusinessDesk) - The S&P/NZX 50 Index broke through the 10,000 level for the first time today, and has climbed about 284 during the past 10 years. More >>
NZ dollar little changed ahead of Australian CPI data
Tuesday, 23 April 2019, 9:06 pm | BusinessDesk
April 23 (BusinessDesk) - The New Zealand dollar was little changed ahead of Australian inflation data due tomorrow, a key indicator to whether the Reserve Bank of Australia will cut interest rates. More >>
NZX50 cracks 10,000 level as weak kiwi boosts A2, F&P
Tuesday, 23 April 2019, 4:59 pm | BusinessDesk
April 23 (BusinessDesk) - The S&P/NZX 50 Index broke through the 10,000 level for the first time in trading today as exporters such as A2 Milk and Fisher & Paykel Healthcare benefited from a weaker kiwi dollar. More >>
Zespri signals upside for grower payments in 2020
Tuesday, 23 April 2019, 4:17 pm | BusinessDesk
April 23 (BusinessDesk) - Kiwifruit marketer Zespri is forecasting a potential lift of up to 6 percent in payments to growers this season. More >>
Bathurst maintains guidance despite reduced Stockton output
Tuesday, 23 April 2019, 3:39 pm | BusinessDesk
April 23 (BusinessDesk) - Bathurst Resources has maintained its full-year earnings guidance despite reduced production at Stockton and a shipping delay trimming March-quarter earnings. More >>
ComCom conditionally approves Knauf-USG merger
Tuesday, 23 April 2019, 3:37 pm | BusinessDesk
April 23 (BusinessDesk) - The Commerce Commission has followed its Australian counterpart's lead in approving a merger of building products giants Knauf and USG, provided it sells its share of a trans-Tasman joint venture. More >>
NZD below 67 US cents after US data lifts greenback
Tuesday, 23 April 2019, 11:09 am | BusinessDesk
April 23 (BusinessDesk) - The New Zealand dollar remained under pressure after taking a tumble on strong US data late last week ahead of the four-day Easter holiday weekend More >>
MARKET CLOSE: NZX50 gains 1.8% this week
Thursday, 18 April 2019, 9:15 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand shares drifted off their high heading into the Easter holiday, but still managed a 1.8 percent gain this week as weak inflation spurred on expectations for an interest rate cut, making companies paying reliable ... More >>
