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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 790]
UPDATE: Air NZ sells Safe Air subsidiary to Airbus
Monday, 22 June 2015, 2:52 pm | BusinessDesk
June 22 (BusinessDesk) - Air New Zealand said it wasn’t expecting any job losses as a result of the sale of its Safe Air engineering subsidiary to European aerospace giant Airbus Group. More >>
Air NZ sells Safe Air engineering subsidiary to Airbus
Monday, 22 June 2015, 1:19 pm | BusinessDesk
June 22 (BusinessDesk) - Air New Zealand has confirmed media speculation about the sale of its Safe Air engineering subsidiary to European aerospace giant Airbus Group. More >>
NZ Dollar Outlook: Kiwi may gain as speculators take profits
Monday, 22 June 2015, 1:12 pm | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar may gain this week as investors who successfully shorted the currency in recent weeks bet that its decline has run out of puff in a quiet patch for local data. More >>
NZ migration rises to new annual record in May
Monday, 22 June 2015, 12:18 pm | BusinessDesk
NZ migration rises to new annual record in May, closing in on Treasury's upside scenario More >>
ASB agrees to an independent review over rural swaps
Monday, 22 June 2015, 11:43 am | BusinessDesk
June 22 (BusinessDesk) - ASB Bank, the local subsidiary of Commonwealth Bank of Australia, has agreed to an independent review into the way it sold rural interest rate swaps, and will adopt any recommendations if it's found to have fallen short. More >>
A2 Milk attracts takeover interest by two unnamed parties
Monday, 22 June 2015, 11:00 am | BusinessDesk
June 22 (BusinessDesk) - A2 Milk Co, the dual-listed milk marketing company, has received an expression of interest from two associated trade parties keen on taking over the company, which may force the firm to shelve a planned capital raising. The ... More >>
NZ consumer confidence drops in second quarter
Monday, 22 June 2015, 10:36 am | BusinessDesk
June 22 (BusinessDesk) - New Zealand consumer confidence fell in the second quarter to its lowest level in more two years, as declining dairy prices weighed on optimism over the economy's outlook. More >>
NZ lamb and sheepskin face 'lose-lose' on over-supply
Monday, 22 June 2015, 9:29 am | BusinessDesk
June 22 (BusinessDesk) - New Zealand exports of sheepskin and lambskin, at their lowest level in more than four years, are unlikely to recover any time soon as a glut of excess stock and weak demand weigh on prices. More >>
NZ dollar drops vs. euro on optimism Greece may reach deal
Monday, 22 June 2015, 8:59 am | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar fell against the euro on optimism ahead of key meetings today that Greece may reach a deal with its creditors. More >>
World Week Ahead: US data, Greece set agenda
Monday, 22 June 2015, 7:46 am | BusinessDesk
June 22 (BusinessDesk) - A slew of US economic data will be eyed after Federal Reserve chair Janet Yellen last week said the economy is improving and signalled that she expects the US central bank to lift interest rates within the next six months. More >>
MARKET CLOSE: NZ shares gain as investors seek growth stocks
Friday, 19 June 2015, 5:51 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand shares rose, tracking broad gains on Wall Street, as investors sought growth stocks such as Orion Health Group, Ryman Healthcare and Summerset Group. More >>
NZ dollar heads for 0.9% weekly decline on weak GDP
Friday, 19 June 2015, 5:23 pm | BusinessDesk
NZ dollar heads for 0.9% weekly decline as soft growth adds to prospects of rate cut More >>
Analysts divided on Jetstar impact on Air NZ's earnings
Friday, 19 June 2015, 5:17 pm | BusinessDesk
Analysts divided on impact on Air NZ's earnings of Jetstar's regional routes challenge More >>
Landcorp says 2015 earnings 'on track' despite weaker dairy
Friday, 19 June 2015, 4:54 pm | BusinessDesk
June 19 (BusinessDesk) - Landcorp Farming, New Zealand's largest corporate farmer, said it doesn't need to downgrade its earnings outlook in the wake of falling dairy prices remain weak, as it sheltered from volatility by locking in a guaranteed price ... More >>
Green's will overturned by daughter Maryanne in High Court
Friday, 19 June 2015, 4:17 pm | BusinessDesk
June 19 (BusinessDesk) - Maryanne Green, the daughter of the late NBR Rich Lister Hugh Green, has won a High Court challenge over control of his $400 million business empire. More >>
UPDATE: Trustpower mulls taking tax case to Supreme Court
Friday, 19 June 2015, 3:32 pm | BusinessDesk
June 19 (BusinessDesk) - Trustpower, the electricity generator and retailer controlled by Infratil, is seeking legal advice on whether to challenge today's loss in the Court of Appeal. More >>
TPP comes off life support, as US 'fast-track' vote looms
Friday, 19 June 2015, 3:10 pm | BusinessDesk
June 19 (BusinessDesk) - The fate of the Trans-Pacific Partnership trade and investment pact may be known as early as next Wednesday, US time, after a vote in the US Congress last night endorsed the elusive 'fast-track authority' that President Barack Obama ... More >>
NZ export log prices rise in June as demand lifts in China
Friday, 19 June 2015, 1:54 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand export log prices rose from a three-year low this month, helped by a decline in the kiwi dollar and increased demand in China, the country's largest market. More >>
NZ consumer confidence slips in June as outlook gets murkier
Friday, 19 June 2015, 1:15 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand consumers remained bubbly in June, though a murkier future tempered some of the upbeat sentiment. More >>
Tax department wins appeal over Trustpower deductions
Friday, 19 June 2015, 12:36 pm | BusinessDesk
June 19 (BusinessDesk) - The Inland Revenue Department has won an appeal against a 2013 High Court ruling over deductions claimed by electricity generator and retailer Trustpower on costs it incurred when investigating the feasibility of renewable energy ... More >>
