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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 765]
While you were sleeping: Wall Street moves lower
Wednesday, 5 August 2015, 8:12 am | BusinessDesk
Aug. 5 (BusinessDesk) - Wall Street fell amid concern about the outlook for worldwide economic growth and corporate profits as the latest round of quarterly earnings in the US shows some companies including Allstate and CVS Health are disappointing investors. More >>
Dairy product prices extends plunge to fresh six-year low
Wednesday, 5 August 2015, 6:52 am | BusinessDesk
Aug. 5 (BusinessDesk) - Dairy product prices plunged still lower in the latest GlobalDairyTrade auction, paced by a drop in milk powders as supply surges. More >>
MARKET CLOSE: NZ shares fall as 53% of Contact Energy sold
Tuesday, 4 August 2015, 5:46 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand shares fell, with the NZX 50 Index retreating from a record high, as investors sold down their holdings to participate in the bookbuild for the 53.1 percent of Contact Energy being offloaded by Origin Energy at a discount. ... More >>
Kiwi drops vs $A dollar as RBA holds, dairy auction looms
Tuesday, 4 August 2015, 5:38 pm | BusinessDesk
Aug. 4 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia toned down its calls for a weaker Australian dollar, while data showed Australian retail sales were better than expected. More >>
RBA keeps cash rate at 2%, tones down currency talk
Tuesday, 4 August 2015, 5:09 pm | BusinessDesk
Aug. 4 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a third month, while dropping reference to its currency needing to decline further. The Australian dollar gained after the statement. More >>
Complectus continues buying spree with Foundation Corporate
Tuesday, 4 August 2015, 4:12 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Complectus, which owns trustee firm Perpetual Guardian, has continued its buying spree with the purchase of Foundation Corporate Trust, which it plans to integrate into its recently acquired Covenant Trustee Services. More >>
NZ wool exports jump to the highest in more than a decade
Tuesday, 4 August 2015, 3:22 pm | BusinessDesk
NZ wool exports jump to the highest in more than a decade in June, helped by low kiwi, Chinese demand More >>
Affco workers vote to strike
Tuesday, 4 August 2015, 3:03 pm | BusinessDesk
Affco workers vote to strike after meat company became first to apply under new bargaining laws More >>
Payday for Contact senior managers triggered by Origin exit
Tuesday, 4 August 2015, 2:41 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Contact Energy's senior management team is set to benefit to the tune of almost $3.8 million from today's announcement of the exit by its 53 percent shareholder Origin Energy. More >>
NZ commodity prices post biggest monthly decline on record
Tuesday, 4 August 2015, 1:32 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand commodity prices fell at their fastest pace on record in July, notching up a fourth straight month of declines to the lowest level in almost six years, led by dairy. More >>
NZ commodity prices post biggest monthly decline on record
Tuesday, 4 August 2015, 1:32 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand commodity prices fell at their fastest pace on record in July, notching up a fourth straight month of declines to the lowest level in almost six years, led by dairy. More >>
Suncorp's NZ business boosts earnings on reduced claims
Tuesday, 4 August 2015, 1:02 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Suncorp Group, the ASX-listed general and life insurer whose local brands include Vero, AA Insurance and Asteron Life, lifted annual earnings from its New Zealand businesses as the company benefited from fewer claims in the ... More >>
House prices rise at fastest pace in 8 years, Auckland leads
Tuesday, 4 August 2015, 12:18 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand residential property values rose at the fastest pace in eight years in July, driven by the overheated Auckland housing market, and are now about 27 percent above the previous market peak in late 2007, according to ... More >>
Carbon Conscious falls foul of NZ foreign investor rules
Tuesday, 4 August 2015, 11:26 am | BusinessDesk
Aug. 4 (BusinessDesk) - ASX-listed carbon emissions abatement firm Carbon Conscious has fallen foul of the New Zealand Overseas Investment Office for using a New Zealand company to invest in sensitive rural land to speed up its plans to plant trees on ... More >>
NZ banks strong enough to weather downturn, dairy slump
Tuesday, 4 August 2015, 10:56 am | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand's lenders are in a strong enough position to weather slowing economic growth over the next year-and-a-half, while slumping dairy prices aren't expected to pose as big a threat as they did in 2009, says Moody's ... More >>
NZ banks strong enough to weather downturn, dairy slump
Tuesday, 4 August 2015, 10:56 am | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand's lenders are in a strong enough position to weather slowing economic growth over the next year-and-a-half, while slumping dairy prices aren't expected to pose as big a threat as they did in 2009, says Moody's ... More >>
Tourism Holdings to stay listed, seeks acquisitions
Tuesday, 4 August 2015, 10:44 am | BusinessDesk
Aug. 4 (BusinessDesk) - Tourism Holdings, the campervan rental company, will remain listed and says it has the balance sheet strength to take on debt to fund acquisitions. More >>
ComCom warns of false billing by serial German fraudster
Tuesday, 4 August 2015, 10:39 am | BusinessDesk
Aug. 4 (BusinessDesk) - The Commerce Commission is warning small business owners to avoid a postal invoicing scam by a German company operating the Corporate Portal New Zealand website, which has fooled a number of kiwi companies. More >>
VMob delays planned ASX listing
Tuesday, 4 August 2015, 10:17 am | BusinessDesk
Aug. 4 (BusinessDesk) - VMob, the NZAX-listed mobile technology company, says it has delayed a planned listing on the ASX because of on-going commercial negotiations and so management can focus on current sales momentum. More >>
NZ new vehicle sales slowing in line with weaker economy
Tuesday, 4 August 2015, 10:13 am | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand vehicle sales are slowing, in line with weaker economic growth, as demand for commercial vehicles declines. More >>
