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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 761]
NZ dollar edges lower as investors digest PBoC devaluation
Wednesday, 12 August 2015, 8:56 am | BusinessDesk
Aug. 12 (BusinessDesk) - The New Zealand dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation yesterday, fuelling concerns about the world's second biggest economy and the ripple effects ... More >>
While you were sleeping: Stocks slide on yuan move
Wednesday, 12 August 2015, 7:39 am | BusinessDesk
Aug. 12 (BusinessDesk) - Equities and commodities dropped after China unexpectedly devalued its currency, intensifying concern about the slowing pace of growth in the nation’s economy. More >>
Big gap between retirement expectations, reality: study
Wednesday, 12 August 2015, 7:22 am | BusinessDesk
Aug. 11 (BusinessDesk) - New Zealanders' expectations and experience of retirement show a yawning gap between hopes and reality and little financial planning to achieve their goals, a new study has found. More >>
MARKET CLOSE: NZ shares fall on China fears; Fonterra drops
Tuesday, 11 August 2015, 5:35 pm | BusinessDesk
Aug. 11 (BusinessDesk) - New Zealand shares fell in a broad sell off as worries about China's economic growth spooked investors. Fonterra Shareholders' Fund, Westpac Banking Corp and Australia and New Zealand Banking Group declined. More >>
James Hardie to 'vigorously defend' cladding quality
Tuesday, 11 August 2015, 5:23 pm | BusinessDesk
Aug. 11 (BusinessDesk) - James Hardie will "vigorously defend" allegations against its Harditex product as Wellington law firm Parker & Associates tries to rally support for a class action against the global building materials supplier. More >>
NZ dollar gains vs yuan after Bank of China devalues
Tuesday, 11 August 2015, 5:21 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar fell after China devalued the yuan, stoking concern economic growth is weaker than expected in the nation's biggest trading partner. More >>
NZ dollar drops sharply after China devalues yuan
Tuesday, 11 August 2015, 2:37 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar dropped sharply after China's central bank devalued the yuan following recent poor economic data, which will help exporters in Asia's largest economy. More >>
Pacific Edge gains US approval for Dunedin test lab
Tuesday, 11 August 2015, 1:19 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Pacific Edge, the maker of non-invasive bladder cancer tests, has won US regulatory approval to commercially process test samples from its latest cancer detecting product at its Dunedin laboratory. More >>
VMob shifts headquarters to the US
Tuesday, 11 August 2015, 11:46 am | BusinessDesk
Aug. 11 (BusinessDesk) - VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, planning to shift from the NZAX to the main board of the NZX listing, and raising about $5 million in a private share placement. More >>
Debit, credit card spending rises in July, led by apparel
Tuesday, 11 August 2015, 11:30 am | BusinessDesk
Aug. 11 (BusinessDesk) - New Zealand spending on electronic cards rose for the third consecutive month in July, led by a surge in spending on apparel, that sector's first gain since February. More >>
Diligent first-half profit rises 11%, revenue growth rising
Tuesday, 11 August 2015, 10:53 am | BusinessDesk
Aug. 11 (BusinessDesk) - Diligent Corp, the governance software developer, lifted first-half profit 11 percent as it generated stronger sales in the US in the second quarter and is picking faster revenue growth through the rest of the year. More >>
Mercer looks to sell two divisions and forecasts 2015 loss
Tuesday, 11 August 2015, 10:24 am | BusinessDesk
Aug. 11 (BusinessDesk) - Mercer Group expects to turn to a loss in 2015 and the stainless steel fabricator is considering selling its interiors and medical divisions to focus on its core business. More >>
UPDATE: PFI boosts 1H profit, seeks to raise $39.5M
Tuesday, 11 August 2015, 10:09 am | BusinessDesk
Aug. 11 (BusinessDesk) - Property For Industry, the listed industrial landlord, more than doubled its first-half profit on a valuation uplift for its portfolio and said it will tap investors for $49.5 million for acquisitions and developments. More >>
PFI boosts 1H profit, will raise $49.5m to fund developments
Tuesday, 11 August 2015, 9:59 am | BusinessDesk
Aug. 11 (BusinessDesk) - Property For Industry, the listed industrial landlord, nearly doubled its first-half profit on a valuation uplift for its portfolio and said it will tap investors for $49.5 million for acquisitions and developments. More >>
Summerset more than doubles first-half profit
Tuesday, 11 August 2015, 9:55 am | BusinessDesk
Aug. 11 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, more than doubled first-half profit as it boosted sales after opening four new villages in the second half of 2014. More >>
Wrightson beats guidance with 18% gain in full-year earnings
Tuesday, 11 August 2015, 9:46 am | BusinessDesk
Aug. 11 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, beat its guidance with an 18.4 percent gain in annual earnings, led by an improved performance for seed and grain. It declared a lower final dividend after ... More >>
NZ dollar little changed as US rate view remains intact
Tuesday, 11 August 2015, 8:42 am | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike next month. More >>
While you were sleeping: Buffett, China lift stocks
Tuesday, 11 August 2015, 7:03 am | BusinessDesk
Aug. 11 (BusinessDesk) - Wall Street gained, bolstered by Warren Buffett’s agreement to buy Precision Castparts as well as a rally in Chinese stocks on bets China's government will add stimulus to boost the economy. More >>
MARKET CLOSE: NZ shares fall ahead of earnings
Monday, 10 August 2015, 5:31 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand shares edged lower as investors waited for reporting season to get underway. Auckland International Airport and Nuplex Industries fell. More >>
NZ dollar little changed as traders weigh weak Chinese trade
Monday, 10 August 2015, 5:15 pm | BusinessDesk
Aug. 10 (BusinessDesk) - The New Zealand dollar was little changed as traders weighed up the impact of weaker Chinese trade figures on the Australasian economies and whether US jobs growth was strong enough to warrant an interest rate hike by the Federal ... More >>
