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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 789]
NZ dollar touches fresh five-year low on US rate outlook
Wednesday, 24 June 2015, 8:33 am | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar touched a fresh five-year low as the greenback strengthened on optimism the Federal Reserve may raise interest rates as early as September. More >>
While you were sleeping: Equities consolidate
Wednesday, 24 June 2015, 7:37 am | BusinessDesk
June 24 (BusinessDesk) - Global shares traded in a narrow range overnight as investors assessed data pointing to a brighter outlook and awaited news of a definitive deal between Greece and its international creditors. More >>
MARKET CLOSE: NZ shares mixed; A2 gains on takeover talk
Tuesday, 23 June 2015, 6:14 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand shares were mixed, with A2 Milk Co leading gainers on expectations the milk marketer will receive a formal takeover offer, while stocks such as Spark New Zealand and Auckland International Airport fell as a declining ... More >>
Too little data to pinpoint cause of NZ beehive deaths
Tuesday, 23 June 2015, 6:00 pm | BusinessDesk
June 23 (BusinessDesk) - The sudden and devastating demise of honey bee hives, known overseas as colony collapse disorder, may threaten New Zealand's $5.1 billion apiculture industry, after thousands of colonies were lost over last spring. More >>
NZ dollar extends decline as RBNZ papers fuel rate-cut talk
Tuesday, 23 June 2015, 5:23 pm | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar extended its decline in local trading as investors continue to rally behind the greenback, and as Reserve Bank documents show the central bank has been overestimating inflation for the past five years. More >>
No complaints over NZAX fee hike, FMA says
Tuesday, 23 June 2015, 3:47 pm | BusinessDesk
June 23 (BusinessDesk) - The Financial Markets Authority hasn't received any complaints over NZX's plans to hike fees for firms on its small-cap NZ Alternative Exchange (NZAX), which are scheduled to come into effect next month. More >>
Kiwi medical device maker Aranz gets traction on US roadshow
Tuesday, 23 June 2015, 3:03 pm | BusinessDesk
June 23 (BusinessDesk) - Aranz Medical, the Christchurch-based medical device company, says a telehealth roadshow touring the United States has led to an upsurge in buyer interest for its hand-held wound care scanner, Silhouette. More >>
RAM investor Hamish McIntosh must repay $454,000 'profit'
Tuesday, 23 June 2015, 2:51 pm | BusinessDesk
June 23 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh, who lost name suppression in a Court of Appeal ruling last week, has been ordered to repay $454,000 in fictitious gains from his investment, but he More >>
NZ farmer confidence slumps to decade-low on dairy woes
Tuesday, 23 June 2015, 1:55 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand farmer confidence slumped to the lowest level in a decade in the second quarter as dairy farmers turned gloomy. More >>
Almost half of NZ investors haven't heard of market watchdog
Tuesday, 23 June 2015, 12:03 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand investors are relatively upbeat about the state of the nation's financial markets, but almost half of them have never heard of the entity tasked with regulating capital markets and financial services. More >>
NZ govt introduces bill aimed at property speculators
Tuesday, 23 June 2015, 11:01 am | BusinessDesk
June 23 (BusinessDesk) - The New Zealand government has introduced a bill aimed at tightening rules and scrutiny of property investors, including the requirement to provide their tax numbers and for foreign investors to show they have a local ... More >>
Nuplex to halt share buyback in lead-up to board meetings
Tuesday, 23 June 2015, 10:40 am | BusinessDesk
June 23 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, has decided to suspend its share buyback scheme in the lead-up to board meetings in another effort to ensure it doesn't unduly influence the share price. More >>
SBS Bank boosts annual profit 24%
Tuesday, 23 June 2015, 10:12 am | BusinessDesk
June 23 (BusinessDesk) - SBS Bank, New Zealand's biggest building society, lifted annual profit 24 percent as increased lending to property investors underpinned growth in the firm's loan book. More >>
NZ dollar touches fresh five-year low on rate outlook
Tuesday, 23 June 2015, 8:41 am | BusinessDesk
NZ dollar touches fresh five-year low as traders price in more interest rate cuts More >>
While you were sleeping: Greece, US deals bolster mood
Tuesday, 23 June 2015, 7:29 am | BusinessDesk
June 23 (BusinessDesk) - Wall Street rose, pushing the Nasdaq Composite Index to a record, amid optimism Greece and its international lenders are finally closing in on a deal that will prevent the nation’s default and exit from the euro zone. More >>
TPP dairy deal 'not at a level we would currently like': Key
Monday, 22 June 2015, 6:41 pm | BusinessDesk
June 22 (BusinessDesk) - The Trans-Pacific Partnership trade pact does not yet include an acceptable deal on access for New Zealand's most important exports, dairy products, with little more than a month to go before the controversial 12 nation trade deal ... More >>
UPDATE: A2 shareholder Freedom Foods in takeover bid
Monday, 22 June 2015, 6:03 pm | BusinessDesk
June 22 (BusinessDesk) - A2 Milk Co's cornerstone shareholder, Freedom Foods Group, is part of a consortium with an international dairy group that's eyeing a takeover of the dual-listed milk marketer. More >>
MARKET CLOSE: NZ shares fall; Genesis, MRP drop, A2 surges
Monday, 22 June 2015, 5:40 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand shares fell as investors looked to crystallise some of their recent gains. MightyRiverPower and Genesis Energy declined, while A2 Milk Co surged on news of a possible takeover. More >>
NZ dollar edges higher as investors eye latest Greek talks
Monday, 22 June 2015, 5:12 pm | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar edged up in local trading, following the euro higher ahead of the next emergency meeting between Greece and its European creditors, who are trying to prevent the Mediterranean nation from defaulting on ... More >>
LIC seeks $125M debt facilities, targets $140M equity long
Monday, 22 June 2015, 3:32 pm | BusinessDesk
June 22 (BusinessDesk) - Livestock Improvement Corp, which aims to lift annual revenue to $1 billion by 2025, says it plans to establish $125 million of debt facilities this year and is likely to require $140 million in equity capital over the next 10 ... More >>
