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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 798]
NZ fixed broadband connections rose 5.3% to 1.39M in 2014
Monday, 8 June 2015, 4:23 pm | BusinessDesk
NZ fixed broadband connections rose 5.3% to 1.39M in 2014, while data use jumped 32% More >>
NZ Dollar Outlook: Kiwi may fall this week; RBNZ seen easing
Monday, 8 June 2015, 12:55 pm | BusinessDesk
June 8 (BusinessDesk) - The New Zealand dollar may fall this week as traders bet the Reserve Bank could reduce interest rates at its meeting on Thursday, or at least signal that rates are on their way down in the near future, diminishing the yield ... More >>
NZ wholesale trade falls in March quarter
Monday, 8 June 2015, 11:18 am | BusinessDesk
June 8 (BusinessDesk) - New Zealand's wholesale trade shrank in the first three months of the year, snapping six quarters of expansion, with a decline in goods derived from the primary sector leading the contraction. More >>
CORRECT: Fonterra coy on use of McKinsey & Co
Monday, 8 June 2015, 11:17 am | BusinessDesk
CORRECT: Fonterra coy on use of McKinsey & Co as external advisers in review of management performance More >>
Fonterra coy on use of McKinsey & Co in management review
Monday, 8 June 2015, 10:40 am | BusinessDesk
Fonterra coy on use of McKinsey & Co as external advisers in review of management performance More >>
Goodman Property announces $45.8M of building projects
Monday, 8 June 2015, 9:46 am | BusinessDesk
June 8 (BusinessDesk) - Goodman Property Trust, the country's second-biggest listed property investor, has ratcheted up development plans with four new industrial projects in Auckland worth $45.8 million. More >>
Synlait cuts 2015 milk payout forecast, sees higher '16 rate
Monday, 8 June 2015, 9:24 am | BusinessDesk
June 8 (BusinessDesk) - Synlait Milk, the South Island-based milk company, lowered its forecast payout to dairy farmers for the current season as prices remain weak amid oversupply and soft demand. It announced a higher price for the upcoming season ... More >>
NZ dollar falls to 4 1/2-year low
Monday, 8 June 2015, 8:43 am | BusinessDesk
June 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than four and a half years after better-than-expected US employment data cemented expectations that the US Federal Reserve will raise interest rates in September. More >>
RBNZ may keep powder dry on rate cuts this week
Monday, 8 June 2015, 7:53 am | BusinessDesk
June 8 (BusinessDesk) - The odds of the Reserve Bank cutting interest rates this week are less than 50 percent, based on market pricing, but with economic indicators printing weaker since the bank’s April 30 review it is expected to explicitly signal ... More >>
World Week Ahead: Eyes on Greece
Monday, 8 June 2015, 7:46 am | BusinessDesk
June 8 (BusinessDesk) - All eyes will be on Greece this week after Prime Minister Alexis Tsipras last week invoked an obscure International Monetary Fund rule from the 1970s to defer payment of 301 million euros of debt. More >>
MARKET CLOSE: NZ shares rise; Nuplex at 5-year high
Friday, 5 June 2015, 6:03 pm | BusinessDesk
June 5 (BusinessDesk) - New Zealand shares edged up in mixed trading as investors, eyeing an uncertain global environment, favoured stocks that recently posted strong earnings. Nuplex Industries, Ryman Healthcare and Fisher & Paykel Healthcare ... More >>
NZ dollar heads for 0.6% gain this week
Friday, 5 June 2015, 5:09 pm | BusinessDesk
NZ dollar heads for 0.6% gain this week as US jobs report awaited; RBNZ looms More >>
Pumpkin Patch spurns substandard suitors
Friday, 5 June 2015, 4:20 pm | BusinessDesk
June 5 (BusinessDesk) - Pumpkin Patch, the ailing children's clothing retailer, has abandoned plans to refinance or find a buyer after a number of discussions with interested parties weren't compelling enough for the board to seriously consider. More >>
Oaktree executes MediaWorks takeover
Friday, 5 June 2015, 4:19 pm | BusinessDesk
June 5 (BusinessDesk) - US hedge fund Oaktree Capital has completed its takeover of MediaWorks Investments, with filings to the Companies Office today confirming rumours it had taken 100 percent ownership of the media company. More >>
NZ bank exposure to dairy farms will weigh on asset quality
Friday, 5 June 2015, 3:03 pm | BusinessDesk
NZ bank exposure to dairy farms will weigh on asset quality amid low milk prices, Fitch says More >>
Working group to look at councils' risk management
Friday, 5 June 2015, 2:01 pm | BusinessDesk
June 5 (BusinessDesk) - Local Government New Zealand and central government will jointly fund a $1.6 million working group to investigate whether an independent agency should be set up to assist councils with risk management. More >>
Maui oil and gas field gains 35-year operating consent
Friday, 5 June 2015, 12:46 pm | BusinessDesk
June 5 (BusinessDesk) - New Zealand's largest and longest-producing offshore oil and gas field, Maui, has gained marine resource consents allowing it to operate for up to 35 years more, following hearings by a decision-making committee (DMC) of the ... More >>
NZ lamb wool price rises to record on strong demand
Friday, 5 June 2015, 11:08 am | BusinessDesk
June 5 (BusinessDesk) - New Zealand lamb wool prices jumped to a record high amid strong demand from exporters and limited supplies. More >>
Pacific Edge seeks $35.3M at 6.2% discount
Friday, 5 June 2015, 10:43 am | BusinessDesk
Pacific Edge seeks $35.3M at 6.2% discount to fund US growth, eyes Singapore More >>
NZ govt gives up chasing NextWindow R&D grants
Friday, 5 June 2015, 10:31 am | BusinessDesk
June 5 (BusinessDesk) - The New Zealand government has given up on trying to claw back $3.9 million in research and development grants paid to failed touchscreen developer NextWindow, though potential claims by former customers, staff, or suppliers remain ... More >>
