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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 79]
MARKET CLOSE: NZ shares rise
Friday, 12 April 2019, 8:55 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand shares edged higher as retirement stocks Summerset Group and Metlifecare continued to recover from a sharp selloff. Air New Zealand and Tourism Holdings fell in the wake of weaker tourism numbers. More >>
NZ dollar edges higher awaiting new impetus
Friday, 12 April 2019, 8:25 pm | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar was slightly higher after another day of narrow range trading as investors await any impetus to justify a decisive move up or down. More >>
Spark fined $675,000 for misleading customers
Friday, 12 April 2019, 7:48 pm | BusinessDesk
April 12 (BusinessDesk) - Telecommunications company Spark New Zealand has been fined $675,000 in the Auckland District Court for breaching the Fair Trading Act. More >>
FMA wins court battle with ANZ over Ross Asset Management
Friday, 12 April 2019, 5:25 pm | BusinessDesk
April 12 (BusinessDesk) - The Financial Markets Authority has emerged victorious in a legal battle with ANZ Bank relating to the FMA’s ability to share information about the Ponzi scheme run by Ross Asset Management with that company’s liquidators. More >>
Chorus subcontracting left technicians bearing too much risk
Friday, 12 April 2019, 4:51 pm | BusinessDesk
April 12 (BusinessDesk) - The subcontracting model used by Chorus to deliver ultrafast broadband to more than a million people was the right tool for the job but left technicians carrying too much risk and migrant workers vulnerable to exploitation. More >>
Feb migration may signal strengthening inflows - ASB
Friday, 12 April 2019, 4:15 pm | BusinessDesk
April 12 (BusinessDesk) Provisional migration data suggests net inflows may continue to strengthen through the rest of 2019, ASB senior economist Mark Smith says. More >>
Retail spending dips as kiwis buy fewer big-ticket items
Friday, 12 April 2019, 2:49 pm | BusinessDesk
April 12 (BusinessDesk) - Spending on credit and debit cards fell in March as New Zealanders spent less on big-ticket items like appliances, electronics and hardware. More >>
NZ March manufacturing expansion slows
Friday, 12 April 2019, 1:39 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand's March manufacturing activity continues to expand but at the slowest pace since July last year as production and new orders eased. More >>
Fall in house sale volumes accelerated in March
Friday, 12 April 2019, 12:59 pm | BusinessDesk
April 12 (BusinessDesk) - Housing sales activity slumped 12.9 percent to a 17-month low in March, a month that is usually one of the peak selling months of the year, and annual house price inflation eased to 2.3 percent. More >>
NZ Super Fund to invest US$115M in N.American data centres
Friday, 12 April 2019, 12:51 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand's $41 billion Superannuation Fund will invest up to US$115 million in North American data centres as it seeks to capitalise on the growing demand for data infrastructure. More >>
US citrus ban not expected to affect retail supply
Friday, 12 April 2019, 12:46 pm | BusinessDesk
April 12 (BusinessDesk) - A temporary halt to US citrus imports is not expected to affect retail fruit supplies, the Ministry for Primary Industries says. More >>
NZers ambivalent on sustainable homes, survey finds
Friday, 12 April 2019, 11:55 am | BusinessDesk
April 12 (BusinessDesk) - New Zealanders are largely unaware that having an energy efficient, sustainable home could have a significant impact on our emissions targets. They just think green equals too expensive. More >>
NZD falls after Orr says next rate decision not clear
Friday, 12 April 2019, 11:11 am | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar fell against the greenback after the central bank governor kept the door open for a May rate cut and as strong US labour market data eased fears of a possible slowdown in the economy there. More >>
MARKET CLOSE: NZ shares snap six-day decline
Thursday, 11 April 2019, 8:57 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand shares snapped a six-day decline, with retirement stocks clawing back some of their recent losses since Summerset Group's observation that a slowing property market had dented unit sales. More >>
NZ dollar takes a breather
Thursday, 11 April 2019, 8:21 pm | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar was little changed after the US Federal Reserve reiterated its patient rate stance and local and Chinese data came in as expected. More >>
High insurance costs important for climate change action
Thursday, 11 April 2019, 8:06 pm | BusinessDesk
April 11 (BusinessDesk) - Climate Change Minister James Shaw is backing insurers to raise premiums to discourage New Zealanders from living in areas likely to bear the brunt of climate change, particularly low-lying coastal areas. More >>
US citrus imports halted by fruit fly find
Thursday, 11 April 2019, 8:04 pm | BusinessDesk
April 11 (BusinessDesk) - Citrus imports from the US have been temporarily halted after fruit fly larvae were discovered in a consignment earlier this week. More >>
Wellington Airport to reapply for runway extension
Thursday, 11 April 2019, 7:27 pm | BusinessDesk
April 11 (BusinessDesk) - Wellington International Airport has withdrawn its application for consent to extend its runway and plans to reapply early next year. More >>
Government told to walk the talk on green building standards
Thursday, 11 April 2019, 4:27 pm | BusinessDesk
April 11 (BusinessDesk) - Climate Change Minister and Green Party co-leader James Shaw faced criticism today for the government’s failure to 'walk the talk' on green building standards. More >>
BNP Paribas beefs up credentials as depositary participant
Thursday, 11 April 2019, 3:20 pm | BusinessDesk
BNP Paribas beefs up NZX credentials as depositary participant More >>
