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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 776]
UPDATE: Fonterra top brass on notice from farmers as jobs go
Thursday, 16 July 2015, 2:38 pm | BusinessDesk
UPDATE: Fonterra top brass on notice from farmers as 523 jobs go in shake-up More >>
'Whipsaw' risk for Auckland house prices as China slows
Thursday, 16 July 2015, 2:03 pm | BusinessDesk
July 16 (BusinessDesk) - The Auckland property market could suffer a 'whiplash' correction if current high capital outflows from China are curbed by the Chinese government, says an economist with a global investor client base. More >>
Fonterra to cut 523 jobs to save up to $60 million
Thursday, 16 July 2015, 1:42 pm | BusinessDesk
Fonterra to cut 523 jobs to save up to $60 million in first step of major review More >>
NZ consumer confidence falls near three-year low
Thursday, 16 July 2015, 1:35 pm | BusinessDesk
July 16 (BusinessDesk) - New Zealand consumer confidence fell near a three-year low this month as households turned sour on the economic outlook, although more remain positive rather than negative about their personal situation. More >>
Benign inflation, dairy price slump may spur more rate cuts
Thursday, 16 July 2015, 12:59 pm | BusinessDesk
July 16 (BusinessDesk) - The Reserve Bank may have to cut interest rates more aggressively than previously signalled as it contends with an unexpectedly sharp slump in dairy prices and the prospect of low inflation becoming embedded in the economy. More >>
Appeal Court rules on Dotcom devices
Thursday, 16 July 2015, 12:33 pm | BusinessDesk
Appeal Court orders Attorney-General to issue new directions on sending Dotcom's devices to US More >>
New chair for Fonterra Shareholders' Council
Thursday, 16 July 2015, 12:07 pm | BusinessDesk
Duncan Coull has been elected unopposed to chair the Fonterra Shareholders’ Council, replacing Ian Brown who didn’t stand after deciding it was time to let someone else have a go. More >>
NZ manufacturing activity up in June
Thursday, 16 July 2015, 11:50 am | BusinessDesk
July 16 (BusinessDesk) - New Zealand manufacturing activity increased in June, snapping three months of decline, as a weaker dollar supported exporters in the sector. More >>
Fonterra's 2015/16 payout cut expected below last year's
Thursday, 16 July 2015, 11:34 am | BusinessDesk
July 16 (BusinessDesk) - Weaker dairy prices have prompted analysts to pull back their expectations for Fonterra Cooperative Group's payout to farmers this season, with most now expecting this year's payout will be below last year's, which is likely ... More >>
Dairy farm prices stalling, lifestyle blocks strong: REINZ
Thursday, 16 July 2015, 11:18 am | BusinessDesk
July 16 (BusinessDesk) - Farm sales are down 9 per cent in the year to June and dairy farm prices have begun a slight downward trend, according to the latest Real Estate Institute of New Zealand data. More >>
NZ consumer prices rise 0.4% in 1Q
Thursday, 16 July 2015, 10:58 am | BusinessDesk
NZ consumer prices rise 0.4% in 1Q as weak kiwi, rising oil boosts petrol costs More >>
Safety rules adding $100m p.a. to housing costs: claim
Thursday, 16 July 2015, 10:34 am | BusinessDesk
July 16 (BusinessDesk) - The government's safety campaign to reduce falls from a height may be raising the annual cost of home repairs and additions by as much as $100 million at a time when housing affordability is a major issue, according to ... More >>
Gentrack signs up UK water utility firm
Thursday, 16 July 2015, 9:00 am | BusinessDesk
July 16 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, completed one of two negotiations weighing on its forecasts with a UK water utility firm entering into a contract, and affirmed annual guidance provided in May. More >>
NZ dollar falls to fresh 5-year low after dairy prices drop
Thursday, 16 July 2015, 8:21 am | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar fell to a fresh five-year low after whole milk powder, the country's key commodity export, dropped more than expected in the GlobalDairyTrade auction overnight. More >>
While you were sleeping: Greek parliament votes
Thursday, 16 July 2015, 7:58 am | BusinessDesk
July 16 (BusinessDesk) - Wall Street moved lower as Greek lawmakers prepared to vote on a proposal that would secure the cash-strapped country its third international bailout. More >>
Dairy product prices slide more than expected
Thursday, 16 July 2015, 6:42 am | BusinessDesk
July 16 (BusinessDesk) - Dairy product prices sank in the latest GlobalDairyTrade auction, paced by cheddar and whole milk powder, reflecting a sombre outlook. More >>
MARKET CLOSE: NZ shares rise; Meridian, Spark, Air NZ gain
Wednesday, 15 July 2015, 5:59 pm | BusinessDesk
July 15 (BusinessDesk) - New Zealand shares rose as investors bought yield stocks such as Meridian Energy and Spark New Zealand, in anticipation of interest rates falling and as global sentiment became more upbeat. Air New Zealand led the index ... More >>
NZ dollar slips vs. Aussie on strong China growth
Wednesday, 15 July 2015, 5:50 pm | BusinessDesk
July 15 (BusinessDesk) - The New Zealand dollar slipped against its trans-Tasman counterpart after official data showed China's economy grew more than expected in the second quarter, to the potential benefit of Australia's economy, which is more ... More >>
Barfoot & Thompson sacks employee over house sales leak
Wednesday, 15 July 2015, 5:16 pm | BusinessDesk
July 15 (BusinessDesk) - Barfoot & Thompson, Auckland’s largest real estate agency, has sacked a staff member for leaking confidential house sales data that led to a furore over Chinese house buying. More >>
NZ Privacy Commissioner trials corporate transparency report
Wednesday, 15 July 2015, 3:18 pm | BusinessDesk
July 15 (BusinessDesk) - New Zealand companies will be asked to keep records of information requests by local law enforcement agencies in a drive to shed light on the extent government entities are seeking personal data. More >>
