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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 781]
Air NZ objects to Qantas and American Airlines expansion
Tuesday, 7 July 2015, 1:14 pm | BusinessDesk
July 7 (BusinessDesk) - Air New Zealand is the sole voice protesting against an application by Qantas Airways and American Airlines for a co-ordinated increase in flights on the trans-Pacific route, planned for the start of the peak travel season ... More >>
ComCom to file court proceedings over price fixing
Tuesday, 7 July 2015, 12:31 pm | BusinessDesk
July 7 (BusinessDesk) - The Commerce Commission intends to file court proceedings against PGG Wrightson, Elders New Zealand and Rural Livestock by the end of the month, claiming the three fixed fees charged during the implementation of a national livestock ... More >>
ETI Dynamics, Greenhouse Capital team up for exports
Tuesday, 7 July 2015, 11:11 am | BusinessDesk
ETI Dynamics, NZ's Greenhouse Capital team up for $100 mln in kiwi clean-tech exports More >>
NZ business confidence plummets to lowest level since GFC
Tuesday, 7 July 2015, 10:14 am | BusinessDesk
July 7 (BusinessDesk) - New Zealand’s business confidence plunged to the lowest level in three years in the second quarter as companies became pessimistic about profitability expectations. More >>
Summerset FY earnings may rise as much as 39% as sales surge
Tuesday, 7 July 2015, 9:18 am | BusinessDesk
July 7 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, expects annual earnings may rise as much as 39 percent as it benefits from record sales of units. More >>
Fitch affirms New Zealand's 'AA' credit rating
Tuesday, 7 July 2015, 8:46 am | BusinessDesk
July 7 (BusinessDesk) - Fitch Ratings has affirmed New Zealand's double-A credit rating, saying the government is still reining in its operating deficit with a "credible and flexible" economic policy and "supportive business environment." More >>
NZ dollar little changed as traders await Greek developments
Tuesday, 7 July 2015, 8:41 am | BusinessDesk
July 7 (BusinessDesk) - The New Zealand dollar was little changed overnight as traders who have fled to the perceived safety of currencies such as the yen awaited further developments in Greece. More >>
While you were sleeping: Stocks, oil, euro fall
Tuesday, 7 July 2015, 7:49 am | BusinessDesk
July 7 (BusinessDesk) - Equities, oil, and the euro moved lower, as euro-zone leaders prepared to restart negotiations on a new bailout package for Greece after the country’s voters’ gave a resounding “no” in Sunday’s referendum to the most recent ... More >>
Hanover settlement 'some comfort' for investors, Key says
Monday, 6 July 2015, 5:50 pm | BusinessDesk
July 6 (BusinessDesk) - The $18 million settlement reached between Hanover Finance's directors and promoters and the Financial Markets Authority should be of some comfort to investors in what has become a "better regulated" market, Prime Minister ... More >>
MARKET CLOSE: NZ shares fall on Grexit fears
Monday, 6 July 2015, 5:38 pm | BusinessDesk
July 6 (BusinessDesk) - New Zealand shares fell in a region-wide sell off as uncertainty over Greece's financial stability overshadowed equity markets. Dual-listed stocks such as Kathmandu Holdings, Westpac Banking Corp and Australia and New Zealand Banking ... More >>
NZ dollar holds near 5-year low before Hollande, Merkel meet
Monday, 6 July 2015, 5:31 pm | BusinessDesk
July 6 (BusinessDesk) - The New Zealand dollar traded near a five-year low ahead of a meeting between German Chancellor Angela Merkel and French President Francois Hollande today where they will discuss a possible response to Greece's rejection ... More >>
NZ economy doesn't need fiscal stimulus yet, Key says
Monday, 6 July 2015, 5:30 pm | BusinessDesk
July 6 (BusinessDesk) - New Zealand's economy is still fairly robust and doesn't need increased government spending to give it a kickstart, Prime Minister John Key says. More >>
NZ Merino secures $3M contract for Godfrey Hirst carpet
Monday, 6 July 2015, 4:24 pm | BusinessDesk
July 6 (BusinessDesk) - New Zealand Merino Co, which markets the nation's wool to customers on behalf of suppliers, has secured a $3 million contract to supply a merino wool blend to manufacturer Godfrey Hirst for a luxury carpet range. More >>
NZICA had 'aggressive' campaign to smear rival, lawyer says
Monday, 6 July 2015, 3:57 pm | BusinessDesk
July 6 (BusinessDesk) - The New Zealand Institute of Chartered Accountants engaged in "professional denigration" that was "quite extraordinary and offensive" against rival accounting body CPA Australia when it was at its most vulnerable in ... More >>
NZ shares kick off region-wide decline after Greeks say no
Monday, 6 July 2015, 3:49 pm | BusinessDesk
July 6 (BusinessDesk) - The New Zealand stock market kicked off a region-wide sell off as uncertainty over the future of Greece's financial stability stokes volatility in international markets and prompts investors to seek safe-haven assets. More >>
Hanover four say settlement was in investors' best interests
Monday, 6 July 2015, 3:32 pm | BusinessDesk
Hanover four say $18M settlement was in investors' best interests, court case would have failed More >>
Comcom investigates PGG Wrightson over NAIT scheme fees
Monday, 6 July 2015, 2:05 pm | BusinessDesk
July 6 (BusinessDesk) - The Commerce Commission is investigating PGG Wrightson over the fees the rural services firm, which is controlled by China's Agria Corp, charged during the implementation of a national livestock tagging programme. More >>
MOD Resources' Sams Creek unit slashes project value
Monday, 6 July 2015, 2:03 pm | BusinessDesk
The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, has slashed the value of the resource and taken impairments of about $7.7 million after stopping work on the site last year pending ... More >>
RESEND: Eric Watson only one of Hanover group not to settle
Monday, 6 July 2015, 1:57 pm | BusinessDesk
RESEND: Eric Watson only one of Hanover directors and promoters not to contribute to $18M FMA settlement More >>
Eric Watson only one of Hanover directors not to settle
Monday, 6 July 2015, 12:50 pm | BusinessDesk
Eric Watson only one of Hanover directors and promoters not to contribute to $18M FMA settlement More >>
