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BusinessDesk - Latest News [Page 775]

World Week Ahead: US powers ahead

Monday, 20 July 2015, 8:18 am | BusinessDesk

July 20 (BusinessDesk) - Wall Street is set to sustain recent gains after the Nasdaq closed at a record high on Friday, amid better-than-expected earnings from companies including Google, and US Federal Reserve chair Janet Yellen’s comments that rate ... More >>

MARKET CLOSE: NZ shares up 0.5%, weak kiwi favours exporters

Friday, 17 July 2015, 5:37 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand shares rose, led by Steel & Tube Holdings after the steel products distributor announced a $32 million acquisition. The prospect of lower interest interest rates and improved export earnings because of the weaker ... More >>

National takes big hit in latest Roy Morgan NZ poll

Friday, 17 July 2015, 5:33 pm | BusinessDesk

July 17 (BusinessDesk) - The National Party has lost more than 10 percent of its support in two months, as measured by the New Zealand arm of Australian pollster Roy Morgan, to run neck and neck at 45 percent support, with its coalition partners, ... More >>

NZ dollar heads for 2.4% weekly decline as milk prices slump

Friday, 17 July 2015, 5:10 pm | BusinessDesk

NZ dollar heads for 2.4% weekly decline as milk prices slump By Paul McBeth More >>

NZX milk futures point to further decline in prices

Friday, 17 July 2015, 2:17 pm | BusinessDesk

July 17 (BusinessDesk) - A slump in the price of whole milk powder, New Zealand's key dairy export, is likely to continue according to traders who are pricing in further declines on the NZX futures market. More >>

Economist Shamubeel Eaqub to leave NZIER after six years

Friday, 17 July 2015, 1:03 pm | BusinessDesk

July 17 (BusinessDesk) - Outspoken economist Shamubeel Eaqub is leaving the non-profit New Zealand Institute of Economic Research after six years to pursue other opportunities, saying it was "time for a change." More >>

NZ wool prices rise at auction, aided by lower kiwi

Friday, 17 July 2015, 12:18 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand wool prices rose at the latest auction as a decline in the local currency made it more attractive for overseas buyers. More >>

UPDATE: Steel & Tube buys fastener distributor MSL for $32m

Friday, 17 July 2015, 12:15 pm | BusinessDesk

July 17 (BusinessDesk) - Steel & Tube Holdings rose after the country's biggest steel distribution company said it's agreed to buy fastener distributor Manufacturing Suppliers for $32 million in a cash and scrip deal. More >>

NZ export log prices hold steady in July on China outlook

Friday, 17 July 2015, 11:38 am | BusinessDesk

July 17 (BusinessDesk) - New Zealand export log prices were unchanged this month amid uncertainty about the outlook for China's economy. More >>

Strategic Planning's Robinson jailed for six years for fraud

Friday, 17 July 2015, 11:05 am | BusinessDesk

July 17 (BusinessDesk) - Andrew Robinson, a struck off financial adviser and former director of Strategic Planning Group, has been jailed for six years after pleading guilty to fraud charges earlier this year. More >>

Tower appoints Richard Harding as new CEO

Friday, 17 July 2015, 10:24 am | BusinessDesk

July 17 (BusinessDesk) - Tower, the general insurer, has appointed Richard Harding, the former head of Territory Insurance Office in Australia's Northern Territory, as its new chief executive. More >>

Michael Hill FY sales rise 3.4%, buoyed by NZ, US and Canada

Friday, 17 July 2015, 9:14 am | BusinessDesk

Michael Hill annual sales rise 3.4% as declines in Australia outweighed by gains in other markets More >>

Steel & Tube buys fastener manufacturer MSL for $32 mln

Friday, 17 July 2015, 9:13 am | BusinessDesk

July 17 (BusinessDesk) - Steel & Tube Holdings, the country's biggest steel distribution company, has agreed to buy fastener maker Manufacturing Suppliers for $32 million in a cash and scrip deal. More >>

NZ dollar consolidates after slipping below 65 US cents

Friday, 17 July 2015, 8:31 am | BusinessDesk

July 17 (BusinessDesk) - The New Zealand dollar consolidated overnight after falling below 65 US cents for the first time in six years yesterday as a slump in dairy prices and benign inflation stoked expectations of increased interest rate cuts. More >>

While you were sleeping: Netflix, eBay lift stocks

Friday, 17 July 2015, 7:48 am | BusinessDesk

July 17 (BusinessDesk) - Wall Street advanced after better-than-expected corporate earnings from Netflix and eBay, while Greek lawmakers voted in favour of a third international bailout, safeguarding the nation’s place in the euro zone. More >>

MARKET CLOSE: NZ shares rise on the prospect of lower rates

Thursday, 16 July 2015, 5:36 pm | BusinessDesk

MARKET CLOSE: NZ shares rise on the prospect of lower rates; Contact, Sky TV, MRP advance More >>

NZ dollar drops to 6-year low as dairy prices slump

Thursday, 16 July 2015, 5:10 pm | BusinessDesk

July 16 (BusinessDesk) - The New Zealand dollar dropped to a six-year low after a surprisingly sharp slump in dairy prices fuelled concerns about the impact to the broader economy, raising expectations the Reserve Bank will cut interest rates more ... More >>