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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 783]
NZ dollar rebounds from fresh five-year low on US jobs
Friday, 3 July 2015, 8:54 am | BusinessDesk
NZ dollar rebounds from fresh five-year low as greenback falls on US job data More >>
While you were sleeping: September hike in question
Friday, 3 July 2015, 7:46 am | BusinessDesk
July 3 (BusinessDesk) - Stocks on both sides of the Atlantic moved lower ahead of a Greek referendum this Sunday, while a US jobs report threw doubt over expectations the Federal Reserve will hike rates in September. More >>
MARKET CLOSE: NZ shares rise; F&P Healthcare at record
Thursday, 2 July 2015, 5:38 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand shares rose as a weak kiwi dollar boosted sentiment for exporters such as Fisher & Paykel Healthcare. Chorus and Spark New Zealand advanced after the Commerce Commission issued its ruling on wholesale telecommunications ... More >>
NZ dollar drops below 67 US cts as dairy declines
Thursday, 2 July 2015, 5:11 pm | BusinessDesk
NZ dollar drops below 67 US cts as plunging milk price stokes rate cut calls More >>
South Port says annual profit beats guidance on cargo flows
Thursday, 2 July 2015, 4:29 pm | BusinessDesk
July 2 (BusinessDesk) - South Port New Zealand said annual profit beat the top end of its guidance by about 7.1 percent after the Bluff port operator reported stronger cargo flows in the final quarter of the financial year. More >>
TPP too big to fail, says visiting US trade deal specialist
Thursday, 2 July 2015, 4:16 pm | BusinessDesk
July 2 (BusinessDesk) - Too much political capital has been invested in the Trans-Pacific Partnership trade deal for it to fail at the final hurdle, says Peter Petri, a professor of international finance at Brandeis University and co-author of a study on the economic ... More >>
SeaDragon to raise $5M via discounted rights, placement
Thursday, 2 July 2015, 4:05 pm | BusinessDesk
SeaDragon to raise $5 mln via discounted rights issue, placement to fund transition to Nelson factory More >>
Weak dairy prices prompt pull back in payout expectations
Thursday, 2 July 2015, 3:52 pm | BusinessDesk
Weak dairy prices prompt pull back in expectations for payout to NZ dairy farmers this season More >>
EPMU members to vote on merger with SFWU
Thursday, 2 July 2015, 2:37 pm | BusinessDesk
July 2 (BusinessDesk) - The New Zealand Amalgamated Engineering, Printing and Manufacturing Union's members will vote on whether to merge with the Service and Food Workers Union Nga Ringa Tota to create the second-biggest workers' advocate, with the outcome flagged ... More >>
NZ commodity prices fall for third month to 3-year low
Thursday, 2 July 2015, 1:40 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand commodity prices fell for a third consecutive month in June to a three-year low, on weakness in aluminium, dairy, and meat. More >>
Fletcher gets nod as preferred partner in Chch development
Thursday, 2 July 2015, 1:33 pm | BusinessDesk
Fletcher gets nod as preferred partner in Chch development as govt eyes next stage of rebuild More >>
NZ property values rise at fastest pace in more than a year
Thursday, 2 July 2015, 12:33 pm | BusinessDesk
NZ property values rise at fastest pace in more than a year in June on Auckland demand More >>
Leaked TPP document shows US pushing rights of drug coys
Thursday, 2 July 2015, 12:03 pm | BusinessDesk
July 2 (BusinessDesk) - A draft of part of the Trans-Pacific Partnership trade deal leaked to the Politico website suggests the US is demanding increased protections for pharmaceutical companies, restricting access to the lower-cost generic versions ... More >>
UPDATE: Chorus falls after regulator ruling
Thursday, 2 July 2015, 11:44 am | BusinessDesk
July 2 (BusinessDesk) - Chorus shares fell after the Commerce Commission's latest ruling on wholesale telecommunications prices were largely unchanged, though the regulator changed tack on whether any update will be backdated. More >>
Kathmandu hires Goldman Sachs to help assess Briscoe bid
Thursday, 2 July 2015, 10:15 am | BusinessDesk
July 2 (BusinessDesk) - Kathmandu has urged shareholders to take no action on a full takeover offer from Briscoe Group pending the board's response and has retained Goldman Sachs as an adviser. More >>
Marlborough Lines takes 80% stake in Yealands Wine for $89M
Thursday, 2 July 2015, 10:05 am | BusinessDesk
July 2 (BusinessDesk) - Marlborough Lines has bought an 80 percent stake in Yealands Wine Group, New Zealand's sixth-largest wine exporter, for $89 million. More >>
Fonterra begins talks with workers as part of review
Thursday, 2 July 2015, 9:57 am | BusinessDesk
July 2 (BusinessDesk) - Fonterra Cooperative Group, which is looking to cut hundreds of jobs as part of a review aimed at stripping costs out of its business, says it has begun talks with workers in administrative roles such as finance, legal and information ... More >>
Spark affirms earnings guidance after regulator ruling
Thursday, 2 July 2015, 9:45 am | BusinessDesk
July 2 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications provider, has affirmed annual guidance after the Commerce Commission today said regulated pricing on Chorus's copper line network would largely be unchanged. More >>
Regulator set to keep Chorus pricing largely unchanged
Thursday, 2 July 2015, 9:13 am | BusinessDesk
July 2 (BusinessDesk) - The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won't backdate any update. More >>
NZ dollar hits fresh five-year low after dairy prices sink
Thursday, 2 July 2015, 8:39 am | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar touched a fresh five-year low after dairy prices fell to a six-year low in the GlobalDairyTrade auction overnight, paced by whole milk powder, the nation's key export commodity. More >>
