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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 795]
Wheeler says inflation, commodities, kiwi key to rate track
Thursday, 11 June 2015, 3:13 pm | BusinessDesk
June 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is watching a number of indicators including inflation signals, commodity prices and the falling currency in gauging whether to cut interest rates again. More >>
BurgerFuel FY profit rises 33%, sees 2016 loss on US costs
Thursday, 11 June 2015, 1:29 pm | BusinessDesk
June 11 (BusinessDesk) - Burger Fuel Worldwide said full-year profit rose 33 percent as the NZAX-listed fast food franchisor expanded its footprint of franchised outlets in the Middle East, Australia and New Zealand. Expanding in the US is expected to ... More >>
Fonterra told staff jobs could go, hours after telling media
Thursday, 11 June 2015, 12:56 pm | BusinessDesk
June 11 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, only told staff about the potential for hundreds of jobs to go several hours after chief executive Theo Spierings told media. More >>
NZ house sales, prices rise in May, led by Auckland
Thursday, 11 June 2015, 12:16 pm | BusinessDesk
NZ house sales, prices rise in May amid early signs Auckland investors looking outside 'big smoke' More >>
NZ guest nights slip in April, snapping 2 months of gains
Thursday, 11 June 2015, 12:07 pm | BusinessDesk
June 11 (BusinessDesk) - New Zealand guest nights declined in April, snapping two months of increases, as a decline in holiday park accommodation outweighed an increase in hotel stays. More >>
Pumpkin Patch boss Di Humphries to leave in November
Thursday, 11 June 2015, 11:35 am | BusinessDesk
June 11 (BusinessDesk) - Pumpkin Patch chief executive Di Humphries will leave the ailing children's clothing chain in early November after the company's board deciding to knuckle down on lifting the business's performance instead of accepting substandard ... More >>
TruScreen to test 130,000 Chinese oil workers
Thursday, 11 June 2015, 11:27 am | BusinessDesk
June 11 (BusinessDesk) - NZAX-listed TruScreen, the cervical cancer test developer, has been selected by Chinese oil company Sinopec to screen 130,000 of its female workers, in a deal which could be worth $1.1 million in sales. More >>
GeoOp widens annual loss as it chases US customers
Thursday, 11 June 2015, 10:21 am | BusinessDesk
June 11 (BusinessDesk) - GeoOp, the workforce management app, widened its annual loss as it invests in product development and adding new customers. More >>
Kiwi Property shares halted for retail bookbuild
Thursday, 11 June 2015, 10:08 am | BusinessDesk
June 11 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor, had its shares halted for the final leg of its one-for-nine entitlement offer to raise $151.9 million to help fund the Sylvia Park expansion and repay bank ... More >>
UPDATE: RBNZ cuts OCR on weak dairy outlook
Thursday, 11 June 2015, 9:47 am | BusinessDesk
June 11 (BusinessDesk) - The Reserve Bank cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from ... More >>
Dairy doldrums keep Reserve Bank nervous
Thursday, 11 June 2015, 9:23 am | BusinessDesk
June 11 (BusinessDesk) - A slow recovery in global milk prices that's weighing on the local dairy sector is making the Reserve Bank nervous, with the prospect of another sub-standard season threatening New Zealand's national income. More >>
NZ house price growth to slow over coming years, RBNZ says
Thursday, 11 June 2015, 9:09 am | BusinessDesk
June 11 (BusinessDesk) - The Reserve Bank expects house prices will rise at a slower pace in coming years as increased construction helps ease supply constraints, and measures to curb property investors take some of the heat out of the Auckland property ... More >>
RBNZ cuts OCR to 3.25%
Thursday, 11 June 2015, 9:08 am | BusinessDesk
RBNZ cuts OCR to 3.25% as weak dairy outlook threatens protracted low inflation; kiwi drops More >>
NZ dollar edges higher as traders await RBNZ decision
Thursday, 11 June 2015, 8:35 am | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar edged higher as traders await the outcome of the Reserve Bank monetary policy statement today, with opinion divided on the likelihood of an interest rate cut. More >>
While You Were Sleeping: Stocks rally on Greek optimism
Thursday, 11 June 2015, 8:00 am | BusinessDesk
June 11 (BusinessDesk) - Equity markets in Europe and the US rallied after Bloomberg News reported that Germany may accept Greece committing to a staggered package of reforms, with at least one upfront, stoking speculation the indebted nation has more ... More >>
MARKET CLOSE: NZ shares fall; Orion slides to record low
Wednesday, 10 June 2015, 5:33 pm | BusinessDesk
June 10 (BusinessDesk) - New Zealand shares fell after Orion Health said an expected US-based contract has been delayed. Spark New Zealand, MightyRiverPower and Contact Energy declined. More >>
UPDATE: Vodafone NZ acquires WorldxChange IP telco business
Wednesday, 10 June 2015, 5:17 pm | BusinessDesk
June 10 (BusinessDesk) - Vodafone New Zealand, the nation's biggest mobile company, has acquired WorldxChange, adding an internet-based telecommunications business with customers including the Reserve Bank, the Earthquake Commission and IAG Insurance. More >>
NZ dollar holds gains ahead of line-call RBNZ rate review
Wednesday, 10 June 2015, 5:05 pm | BusinessDesk
June 10 (BusinessDesk) - The New Zealand dollar held gains in local trading, with investors divided on whether Reserve Bank governor Graeme Wheeler will cut interest rates to stimulate the economy and lift inflation from its near-zero level in tomorrow ... More >>
Safety reform delay risks Pike River repeat: big business
Wednesday, 10 June 2015, 5:02 pm | BusinessDesk
June 10 (BusinessDesk) - Big business backers of controversial health and safety reforms say New Zealand "risks forgetting" the Pike River coalmine disaster if opposition coming from farmers and small business owners is allowed to water down ... More >>
Parkin sells Wellington's Museum Hotel to Amalgamated
Wednesday, 10 June 2015, 4:29 pm | BusinessDesk
Chris Parkin sells Wellington's Museum Hotel to ASX-listed Amalgamated Holdings for $28.5M More >>
