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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 752]
Investors driving up risk in Auckland housing, RBNZ says
Monday, 24 August 2015, 2:12 pm | BusinessDesk
Investors driving up risk in Auckland housing but no room to raise interest rates, Spencer says More >>
NZ, Australian shares drop, Asia to follow
Monday, 24 August 2015, 1:26 pm | BusinessDesk
Aug. 24 (BusinessDesk) - New Zealand shares suffered their biggest decline in almost four years and Australian shares dropped, heralding what's expected to be an Asia-wide selloff after weak Chinese manufacturing data added to concern about the world's ... More >>
NZ Dollar Outlook: Kiwi's fate in hands of US rate track
Monday, 24 August 2015, 1:21 pm | BusinessDesk
NZ Dollar Outlook: Kiwi's fate this week at the mercy of US interest rate views More >>
Economists gloomy about how far dairy prices will recover
Monday, 24 August 2015, 1:13 pm | BusinessDesk
Aug. 24 (BusinessDesk) - The outlook for dairy prices remains dire in the near term and will force the Reserve Bank to further cut interest rates this year, said economists at an Auckland conference, who collectively had a doom and gloom outlook for the ... More >>
UPDATE: Chorus shares at six-month low as profit sinks 39%
Monday, 24 August 2015, 12:48 pm | BusinessDesk
UPDATE: Chorus at six-month low as profit sinks 39%; earnings to fall in 2016 More >>
UPDATE: Auckland Airport 'optimistic' on Chinese travel
Monday, 24 August 2015, 12:26 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, says it's optimistic about demand from China, its fastest-growing source of passengers, even after weak manufacturing data sparked a global selloff in stocks and raised ... More >>
Natural justice breach alleged over 'inflammatory article'
Monday, 24 August 2015, 12:13 pm | BusinessDesk
Aug. 24 (BusinessDesk) - Vivier & Co, which counts one-time political operator Luigi Wewege as a director, is appealing a Financial Markets Authority decision to strip it of its registration as a financial services firm, saying the regulator used ... More >>
Argosy Property buys Auckland office building for $42M
Monday, 24 August 2015, 11:15 am | BusinessDesk
Aug. 24 (BusinessDesk) - Argosy Property, the property investor which has been diversifying away from malls and retail, bought an Auckland office property for $42 million. More >>
GeoOp to raise $2.4M in placement to fund Australian growth
Monday, 24 August 2015, 11:00 am | BusinessDesk
GeoOp to raise $2.4M in private placement to fund Australian growth, SPP to follow More >>
Contact Energy plans to sell up to $125M of six-year bonds
Monday, 24 August 2015, 10:37 am | BusinessDesk
Aug. 24 (BusinessDesk) - Contact Energy, which generates about a quarter of New Zealand's electricity, plans to sell as much as $125 million of six-year bonds in the final step of its refinancing programme. More >>
Auckland Airport beats full-year guidance
Monday, 24 August 2015, 9:49 am | BusinessDesk
Auckland Airport beats full-year guidance with 3.8% earnings gain, sees growth in 2016 More >>
Chorus annual profit sinks 39% as lower copper price bites
Monday, 24 August 2015, 9:42 am | BusinessDesk
Chorus annual profit sinks 39% as lower copper price bites; earnings to fall in 2016 More >>
NZ dollar climbs above 67 US cents on slower Fed view
Monday, 24 August 2015, 8:51 am | BusinessDesk
NZ dollar climbs above 67 US cents; greenback falls on view Fed will take longer to hike More >>
Port of Tauranga ties up 97% of North Island dairy exports
Monday, 24 August 2015, 7:41 am | BusinessDesk
Aug. 24 (BusinessDesk) - Port of Tauranga, New Zealand’s biggest port by volume, now handles almost all of the North Island’s dairy exports following its Coda joint venture with Kotahi, the logistics company owned by Fonterra Cooperative Group and ... More >>
World Week Ahead: China and the Fed
Monday, 24 August 2015, 7:09 am | BusinessDesk
Aug. 24 (BusinessDesk) - The Federal Reserve is preparing for its annual meeting in Jackson Hole amid intensifying concern the slowing growth in China will impact the global economy and US corporate profits. More >>
Diane Foreman says women need help to be entrepreneurs
Saturday, 22 August 2015, 11:42 am | BusinessDesk
Diane Foreman says women need help to be entrepreneurs, not a ministry of women’s affairs More >>
MARKET CLOSE: NZ shares rise in volatile day
Friday, 21 August 2015, 5:39 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand shares were mixed as weak offshore sentiment overshadowed the local earnings season. Spark New Zealand surged after annual profit beat expectations, while Freightways and Westpac Banking Corp dropped amid global ... More >>
Infratil will continue share buyback programme, raises price
Friday, 21 August 2015, 5:13 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Infratil, which invests in energy, transport and social infrastructure, will continue a buyback programme for its New Zealand-listed stock and has raised the ceiling on the price it will pay. More >>
NZ dollar heads for 1.3% weekly gain
Friday, 21 August 2015, 5:08 pm | BusinessDesk
NZ dollar heads for 1.3% weekly gain as US rate outlook weighs on greenback More >>
Two OPI directors plead guilty to Securities Act charges
Friday, 21 August 2015, 3:56 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Two former directors of property finance company OPI Pacific Finance have pleaded guilty to two Securities Act charges laid by the Financial Markets Authority, ahead of a trial set down for October. More >>
