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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 77]
UPDATE: No capital gains tax while Ardern leader
Wednesday, 17 April 2019, 6:40 pm | BusinessDesk
April 17 (BusinessDesk) - Prime Minister Jacinda Ardern says the public has spoken and she won't introduce a capital gains tax while she leads the Labour Party. More >>
Economists split on whether tepid CPI points to a May cut
Wednesday, 17 April 2019, 6:39 pm | BusinessDesk
Economists split on whether tepid CPI points to a May rate cut By Rebecca Howard More >>
Challenging Milton Friedman
Wednesday, 17 April 2019, 6:07 pm | BusinessDesk
April 17 (BusinessDesk) - It’s been almost 50 years since American economist Milton Friedman wrote his groundbreaking essay in the New York Times arguing that the social responsibility of business is to increase its profits. More >>
Government rules out implementing capital gains tax
Wednesday, 17 April 2019, 5:06 pm | BusinessDesk
April 17 (BusinessDesk) - The government has ruled out taxing capital gains as opposed to the wide-ranging proposal put forward by the majority of its Tax Working Group. More >>
Chatham iwi may acquire stake in seafloor phosphate project
Wednesday, 17 April 2019, 4:03 pm | BusinessDesk
April 17 (BusinessDesk) - Chatham Islands iwi groups may invest in a project to mine seafloor phosphates in the region if they can agree on a marine consent application for the project 450 kilometres east of Christchurch. More >>
NZ companies to launch Alibaba's Country Flagship Store
Wednesday, 17 April 2019, 3:27 pm | BusinessDesk
April 17 (BusinessDesk) - Eighteen New Zealand food and beverage brands have joined forces to launch the first Country Flagship Store on the Tmall Fresh, Alibaba’s fresh produce e-commerce platform. More >>
NZ 1st-qtr inflation comes in below expectations
Wednesday, 17 April 2019, 3:18 pm | BusinessDesk
April 17 (BusinessDesk) - The consumers price index eked out a smaller gain than expected in the March quarter and may up the ante for an interest rate cut next month. More >>
First-home buyers and investors now neck and neck
Wednesday, 17 April 2019, 2:34 pm | BusinessDesk
April 17 (BusinessDesk) - First home buyers are increasingly making their presence felt in the housing market as buying by investors needing a mortgage remains depressed, according to CoreLogic figures. More >>
ComCom favours deregulating Spark copper voice service
Wednesday, 17 April 2019, 1:29 pm | BusinessDesk
April 17 (BusinessDesk) - The Commerce Commission is leaning towards deregulating Spark New Zealand's resale copper voice services, as dwindling customer numbers indicate enough alternatives are available. More >>
Social enterprises: Between a rock and a hard place
Wednesday, 17 April 2019, 12:44 pm | BusinessDesk
April 17 (BusinessDesk) - New Zealand’s lack of a suitable framework to support social enterprises - companies that create impact as well as profit - is stymying a burgeoning sector. More >>
MBIE reinstates Fuji Xerox as a government supplier
Wednesday, 17 April 2019, 12:11 pm | BusinessDesk
April 17 (BusinessDesk) - The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. More >>
Callaghan launches Israeli innovation ecosystem database
Wednesday, 17 April 2019, 11:15 am | BusinessDesk
April 17 (BusinessDesk) - Callaghan Innovation has adopted an Israeli database model for its newly-launched Scale-Up NZ information aggregation and collaboration system. More >>
NZD steady, focus on CPI data
Wednesday, 17 April 2019, 11:11 am | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar is steady against the US dollar as the market awaits domestic inflation data for any further clues on whether a rate cut is on the cards next month. More >>
Dairy prices lift 0.5%; whole milk powder eases further
Wednesday, 17 April 2019, 10:34 am | BusinessDesk
April 17 (BusinessDesk) - Dairy product prices increased at the Global Dairy Trade auction, rising for the tenth straight time, though a decline in whole milk powder kept the gain muted. More >>
MARKET CLOSE: NZ shares climb as Kathmandu, A2 lead rally
Tuesday, 16 April 2019, 8:51 pm | BusinessDesk
April 16 (BusinessDesk) - New Zealand shares rose for a fourth day as exporters including Kathmandu Holdings and A2 Milk helped drive the market higher amid growing optimism over US-China trade talks. More >>
NZ dollar climbs against AUD after dovish RBA minutes
Tuesday, 16 April 2019, 8:49 pm | BusinessDesk
April 16 (BusinessDesk) - The New Zealand dollar was a little weaker against the greenback but stronger against the Australian dollar on signs it won't take much for the central bank there to cut interest rates. More >>
ASB says RBNZ estimates of bank capital impact are too low
Tuesday, 16 April 2019, 8:48 pm | BusinessDesk
April 16 (BusinessDesk) - ASB Bank says the likely impact of the Reserve Bank’s proposals to near double the minimum amount of capital banks must hold will be considerably higher than the central bank’s estimates. More >>
Solar, batteries and demand response may save $500M
Tuesday, 16 April 2019, 6:35 pm | BusinessDesk
April 16 (BusinessDesk) - Maximising use of solar, batteries and other forms of distributed energy could save the country about $500 million long-term, the Electricity Authority has been told. More >>
Auditor-General ramps up scrutiny of the PGF
Tuesday, 16 April 2019, 6:33 pm | BusinessDesk
April 16 (BusinessDesk) - The government's auditor will increase its scrutiny of the $3 billion Provincial Growth Fund, citing risks of unappropriated spending occurring because its activities span several agencies and because it wants to examine the ... More >>
Govt dangles simpler foreign investment rules over veto
Tuesday, 16 April 2019, 4:18 pm | BusinessDesk
Govt dangles simpler foreign investment rules as sweetener for veto power More >>
