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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 778]
Fonterra's rivals argue against dairy industry deregulation
Tuesday, 14 July 2015, 8:08 am | BusinessDesk
July 14 (BusinessDesk) - Competitors of Fonterra Cooperative Group, the country’s largest dairy processor, claim there’s still insufficient competition to deregulate the industry. More >>
While you were sleeping: Greece gets deal
Tuesday, 14 July 2015, 7:56 am | BusinessDesk
July 14 (BusinessDesk) - Equities on both sides of the Atlantic rallied on a deal between Greece and its international creditors, staving off the country’s exit from the euro zone—at least for now—as it secured a third bailout. More >>
MARKET CLOSE: NZ shares fall; Meridian declines on Tiwai
Monday, 13 July 2015, 5:32 pm | BusinessDesk
July 13 (BusinessDesk) - New Zealand shares fell, led by power companies including Meridian Energy and MightyRiverPower as uncertainty over the future of the Tiwai Point smelter continues to weigh on investment decisions. More >>
NZ dollar little changed as Greek talks keep investors nervy
Monday, 13 July 2015, 5:11 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar was little changed in local trading as traders are reluctant to take strong positions as Greece's debt woes look set to remain unclear until at least Thursday. More >>
NZICA 'reactive' to FMA, 'aggressive' in marketing': trial
Monday, 13 July 2015, 5:10 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand Institute of Chartered Accountants was "reactive" and less engaged than its newt rival, CPA Australia, in the process of ensuring it met new legislative requirements for auditors, former Financial Markets Authority ... More >>
UPDATE: Govt extends underwrite to NZVIF to 2022
Monday, 13 July 2015, 3:14 pm | BusinessDesk
July 13 (BusinessDesk) - The government is extending its underwrite of the Crown-funded start-up investor, New Zealand Venture Investment Fund, through to 2022 and allowing $12 million to be transferred to the investor's cash-constrained seed fund, but the ... More >>
Govt mulls extending anti-money laundering provisions
Monday, 13 July 2015, 3:11 pm | BusinessDesk
July 13 (BusinessDesk) - The government has started work on expanding anti-money laundering obligations to professionals including lawyers and accountants as the number of suspicious transactions reported to law enforcement agencies more than ... More >>
NZ dollar likely to return to 20-year average soon
Monday, 13 July 2015, 2:12 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar, which traded within a whisper of its post-float high against the greenback a year ago, is probably going to return to its 20-year average by the end of this quarter, benefiting exporters such as winemaker ... More >>
Govt extends underwrite to start-up investor, NZVIF, to 2022
Monday, 13 July 2015, 2:11 pm | BusinessDesk
July 13 (BusinessDesk) - The government is extending its underwrite of the Crown-funded start-up investor, New Zealand Venture Investment Fund, through to 2022 and allowing $12 million to be transferred to the investor's cash-constrained seed fun, but the ... More >>
Mega investor Shen Zhao Wu leaves board, exits shareholding
Monday, 13 July 2015, 11:57 am | BusinessDesk
July 13 (BusinessDesk) - Mega's biggest shareholder, Shen Zhao Wu, has left the board of the file storage and encryption firm and transferred his stake to a Beijing-based Chinese national just days after a constitution re-write made it easier to go public, ... More >>
Auckland house prices up a record 26% in June year: REINZ
Monday, 13 July 2015, 11:49 am | BusinessDesk
July 13 (BusinessDesk) - New Zealand house sales and median prices rose in June, with Auckland's median house price rising a record 26 percent to $755,000 over the past year, amid signs that supply shortages and surging prices in the country's largest ... More >>
Greens reshuffle portfolios
Monday, 13 July 2015, 11:33 am | BusinessDesk
July 13 (BusinessDesk) - The Green Party has reshuffled its portfolio allocations, giving new co-leader James Shaw the economic development and climate change roles held by Russel Norman, whom he replaced, and elevates housing issues to the top of ... More >>
NZ food prices fall in June on cheaper vegetables
Monday, 13 July 2015, 11:22 am | BusinessDesk
July 13 (BusinessDesk) - New Zealand food prices fell in June, for a third monthly decline, with newly introduced seasonal adjustments showing cheaper vegetables helped drag down the index. More >>
New NZ climate change target 'inadequate', watchdog says
Monday, 13 July 2015, 8:59 am | BusinessDesk
July 13 (BusinessDesk) - New Zealand's proposal to cut its greenhouse gas emissions by 11 percent from 1990 levels by 2030 is "inadequate" and can be achieved without the country taking any action to contain a growing level of emissions over ... More >>
NZ dollar weakens amid uncertainty about Greek bailout
Monday, 13 July 2015, 8:41 am | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar weakened as investors favour safe haven assets as concern rose about the future of cash-strapped Greece after Eurozone leaders stepped up their demands for reforms at meetings over the weekend. More >>
World Week Ahead: US consumer and Yellen
Monday, 13 July 2015, 7:59 am | BusinessDesk
July 13 (BusinessDesk) - While the drama of Greece is capturing the headlines as the week begins, the focus will shift to the US where retail sales and Federal Reserve Chair Janet Yellen’s two days of Congressional testimony set the agenda. More >>
MARKET CLOSE: NZ shares fall as offshore jitters linger
Friday, 10 July 2015, 5:43 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand shares fell as offshore ructions kept investors cautious and reluctant to take positions in the market. Trade Me Group, Pacific Edge and Orion Health Group declined. More >>
NZ dollar heads for 1% weekly gain
Friday, 10 July 2015, 5:24 pm | BusinessDesk
NZ dollar heads for 1% weekly gain as prospect of Greek deal, stable Chinese equities soothe nerves More >>
Southern Response to call on $500 mln govt backstop
Friday, 10 July 2015, 4:45 pm | BusinessDesk
July 10 (BusinessDesk) - Southern Response Earthquake Services, the Crown entity established to house AMI Insurance's earthquake liabilities, will get $500 million of uncalled capital from the government as the rising cost of quake claims pushes ... More >>
NZ Budget benefit hike unlikely to impact labour market
Friday, 10 July 2015, 4:40 pm | BusinessDesk
July 10 (BusinessDesk) - The government's plan to put an extra $25 dollars a week into beneficiaries' back-pockets isn't expected to deter them from chasing employment, with tougher requirements on parents returning to work, higher minimum hours people ... More >>
