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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 780]
MARKET CLOSE: NZ shares fall on China fears; Xero drops
Wednesday, 8 July 2015, 5:34 pm | BusinessDesk
July 8 (BusinessDesk) - New Zealand shares fell in a widespread selloff as China's stock market extended its tumble. Xero, Trade Me Group, SkyCity Entertainment Group and Westpac Banking Corp declined. More >>
Carbon recycler LanzaTech narrows loss to $34.7M
Wednesday, 8 July 2015, 3:49 pm | BusinessDesk
July 8 (BusinessDesk) - LanzaTech New Zealand, the NZ-founded carbon recycling company, narrowed its annual loss as the company shifts into commercialisation from its previous development phase. More >>
Pushpay revenue climbs as US churches sign up for service
Wednesday, 8 July 2015, 2:57 pm | BusinessDesk
July 8 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, boosted revenue 39 percent in the first quarter as growth in its US faith-based merchants offset a decline in its SMS business. More >>
NZX 'strongly opposes' exemption for Unlisted
Wednesday, 8 July 2015, 2:49 pm | BusinessDesk
July 8 (BusinessDesk) - NZX, which is New Zealand’s only registered stock market operator, "strongly opposes" a bid by share trading platform Unlisted to be exempted from new licensing requirements, saying its lack of basic shareholder ... More >>
New Mega constitution paves way for listing
Wednesday, 8 July 2015, 11:38 am | BusinessDesk
July 8 (BusinessDesk) - Mega has updated its company constitution, making it easier for the file storage and encryption firm with more than 18 million registered users to list after a failed attempt to join the NZX through a back-door listing earlier ... More >>
NZX milk futures suggest dairy prices will extend slide
Wednesday, 8 July 2015, 11:06 am | BusinessDesk
NZX milk powder futures suggest dairy prices will extend slide at next week's GDT auction More >>
NZ govt surplus widens in 11 months on company, PIE tax
Wednesday, 8 July 2015, 10:24 am | BusinessDesk
NZ govt surplus widens in 11 months on company, PIE tax inflows; delayed education spend More >>
OceanaGold sees more life in Macraes goldfield
Wednesday, 8 July 2015, 9:20 am | BusinessDesk
July 8 (BusinessDesk) - OceanaGold Corp, which is in the process of buying the Waihi Gold Mine, sees more life in the Macraes Goldfield in Otago as cheaper fuel and a weaker New Zealand dollar make the operation more attractive. More >>
NZ dollar touches fresh 5-year low as commodity prices fall
Wednesday, 8 July 2015, 8:52 am | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar touched a fresh five-year low overnight as commodity prices fell on concern about waning demand. More >>
While you were sleeping: Wall Street recovers
Wednesday, 8 July 2015, 7:57 am | BusinessDesk
July 8 (BusinessDesk) - Wall Street gained, recovering from earlier losses, amid optimism the outlook for Greece and China might be less dour than thought. More >>
Craig Norgate, former Fonterra CEO, dies in UK
Tuesday, 7 July 2015, 9:23 pm | BusinessDesk
July 7 (BusinessDesk) - Craig Norgate, who was inaugural chief executive of Fonterra Cooperative Group when it was formed from the merger of Kiwi Cooperative Dairies, NZ Cooperative Dairy Co and the NZ Dairy Board in 2001, has died in London, media ... More >>
New 2030 greenhouse gas emissions target is weaker: expert
Tuesday, 7 July 2015, 5:40 pm | BusinessDesk
July 7 (BusinessDesk) - The government’s new target to reduce New Zealand’s greenhouse gas emissions to 30 percent below 2005 levels by 2030 is far weaker than the previous 2020 target, according to Massey University climate change expert Professor Ralph ... More >>
MARKET CLOSE: NZ shares rise after selloff; Summerset gains
Tuesday, 7 July 2015, 5:40 pm | BusinessDesk
July 7 (BusinessDesk) - New Zealand shares rose, clawing back some of Monday's selloff on relief that concern about Greece's debt crisis didn't overly rattle Wall Street. Summerset Group led gainers after giving guidance that beat estimates. Westpac Banking ... More >>
Pyne Gould to restate 2014 accounts, lowering profit, assets
Tuesday, 7 July 2015, 5:32 pm | BusinessDesk
July 7 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, will restate its 2014 accounts, reducing profit and net assets by 7 million British pounds, after receiving the audited accounts of associate ... More >>
NZ dollar little changed as RBA holds line
Tuesday, 7 July 2015, 5:23 pm | BusinessDesk
July 7 (BusinessDesk) - The New Zealand dollar traded in a 20 basis point range in local trading as the Reserve Bank of Australia kept interest rates unchanged, and as markets continue to watch the fall-out from Greece's vote against adopting harsh ... More >>
RBA keeps cash rate unchanged for second month
Tuesday, 7 July 2015, 5:00 pm | BusinessDesk
RBA keeps cash rate unchanged for second month in face of below-trend Australian growth More >>
Accountant defamation stoush 'much ado about nothing': NZICA
Tuesday, 7 July 2015, 4:31 pm | BusinessDesk
July 7 (BusinessDesk) - A defamation case brought against the New Zealand Institute of Chartered Accountants is "much ado about nothing" by rival accounting body CPA Australia, said the lawyer representing NZICA. More >>
Government sets climate change target to curb CO2 emissions
Tuesday, 7 July 2015, 3:42 pm | BusinessDesk
Government sets climate change target to reduce CO2 emissions to 30% below 2005 levels by 2020 More >>
NZ's export goal requires $200 B of investment
Tuesday, 7 July 2015, 2:44 pm | BusinessDesk
July 7 (BusinessDesk) - New Zealand needs $160 billion to $200 billion of business investment to meet the government's goals for boosting exports and research and development spending, requiring a better strategy to lure overseas funds and entrepreneurs, says ... More >>
Rangatira buys controlling stake in Bio-Strategy
Tuesday, 7 July 2015, 1:28 pm | BusinessDesk
July 7 (BusinessDesk) - Rangatira Investments, the Wellington-based investment firm, bought 70 percent of lab equipment firm Bio-Strategy for an undisclosed sum, to help the firm expand into new markets and broaden its offering. More >>
