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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 809]
LGFA extends bond terms as councils shift to 30-year plans
Wednesday, 20 May 2015, 12:11 pm | BusinessDesk
May 20 (BusinessDesk) - The Local Government Funding Agency, New Zealand councils' lender, now boasts the country's second longest bond term, as the sector moves to a 30-year infrastructure planning regime. More >>
Consumer NZ ramps up campaign to get Qantas's Jetstar to dro
Wednesday, 20 May 2015, 11:03 am | BusinessDesk
Consumer NZ ramps up campaign to get Qantas's Jetstar to drop pre-ticked booking forms More >>
Goodman Property lifts FY earnings 5.4% on revenue growth
Wednesday, 20 May 2015, 9:38 am | BusinessDesk
May 20 (BusinessDesk) - Goodman Property Trust, which has teamed up with Singapore government-owned GIC to develop the Auckland Viaduct Quarter, lifted annual earnings 5.4 percent as it reaped higher rental revenue while clamping down on costs. More >>
TruScreen to raise up to $4 mln to fund Chinese expansion
Wednesday, 20 May 2015, 9:05 am | BusinessDesk
May 20 (BusinessDesk) - NZAX-listed TruScreen will seek to raise up to $4 million to ramp up manufacturing of its single use sensors as it targets China with its cervical cancer screen system having recently won regulatory approval to service the world's ... More >>
NZ dollar slips as US dollar gains on upbeat housing data
Wednesday, 20 May 2015, 8:47 am | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened following better-than-expected US housing data, boosting optimism the world's biggest economy may be recovering after a weak first quarter. More >>
Dairy product prices fall 2.2% in latest GDT auction
Wednesday, 20 May 2015, 7:07 am | BusinessDesk
May 20 (BusinessDesk) - Dairy product prices fell for the fifth consecutive GlobalDairyTrade auction, pushing the GDT Price Index to its lowest level since August 2009 and adding to the pressure on the one in four dairy farmers the Reserve Bank says have negative ... More >>
Dairy product prices fall 2.2% in fifth straight GDT drop
Wednesday, 20 May 2015, 6:52 am | BusinessDesk
May 20 (BusinessDesk) - Dairy product prices fell for the fifth consecutive GlobalDairyTrade auction, pushing the GDT Price Index to its lowest level since August 2009 and adding to the pressure on the one in four dairy farmers the Reserve Bank says have negative ... More >>
MARKET CLOSE: NZ shares fall led Spark, SkyCity, Xero
Tuesday, 19 May 2015, 5:22 pm | BusinessDesk
May 19 (BusinessDesk) - New Zealand shares fell, led by Spark New Zealand and paced by Sky City Entertainment Group and Xero, ahead of the March 31 earnings season. Infratil rose. More >>
NZ dollar gains on higher inflation expectations; GDT looms
Tuesday, 19 May 2015, 5:08 pm | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar gained after the Reserve Bank's survey of inflation expectations showed firms raised their projections for consumer prices in the coming two years, ahead of the latest GlobalDairyTrade auction, which will ... More >>
Business NZ boss Phil O'Reilly to leave at the end of year
Tuesday, 19 May 2015, 4:56 pm | BusinessDesk
May 19 (BusinessDesk) - Phil O'Reilly, the long-serving chief executive of Business New Zealand, will leave the lobby group at the end of the year, ending a decade providing one of the most vocal voices for the country's private sector. More >>
NZ inflation expectations creep higher in June survey
Tuesday, 19 May 2015, 3:50 pm | BusinessDesk
May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More >>
Chinese tourists to NZ turning off package tours
Tuesday, 19 May 2015, 1:49 pm | BusinessDesk
May 19 (BusinessDesk) - China’s tourism market, which is officially expected to be worth over $2.6 billion to New Zealand by 2021, is growing into an increasingly diversified business with package tours increasingly shunned in favour of independent ... More >>
Snowtown sale likely to fund more Aussie Trustpower projects
Tuesday, 19 May 2015, 1:41 pm | BusinessDesk
May 19 (BusinessDesk) - Infratil expects its 68 percent-owned utility Trustpower to sell down its stake in the now completed Snowtown wind power project in South Australia to fund other emerging renewable energy opportunities in Australia, said ... More >>
NZ export log prices hit 3-year low; may start picking up
Tuesday, 19 May 2015, 11:34 am | BusinessDesk
NZ export log prices hit 3-year low; may start picking up as demand improves More >>
Former immigration officer, accomplice changed over bribes
Tuesday, 19 May 2015, 11:30 am | BusinessDesk
May 19 (BusinessDesk) - The Serious Fraud Office has charged a former border immigration officer and his accomplice with corruption and bribery over accepting $26,500 in bribes to help people with immigration. More >>
Lower fuel costs drive down NZ producer input, output prices
Tuesday, 19 May 2015, 11:28 am | BusinessDesk
May 19 (BusinessDesk) - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More >>
Infratil signals cautious new investment approach
Tuesday, 19 May 2015, 10:01 am | BusinessDesk
May 19 (BusinessDesk) - Infrastructure portfolio investor Infratil is to make a second special dividend payment to shareholders as it anticipates less capital investment in the year ahead and high prices for potential acquisitions make the company cautious. More >>
FMA looking into NZers aiding foreign firms to join FSPR
Tuesday, 19 May 2015, 9:35 am | BusinessDesk
May 19 (BusinessDesk) - The Financial Markets Authority says it is looking into New Zealanders who help foreign firms sign up on a local register of financial services providers and even act as directors, giving the entities a veneer of respectability ... More >>
Rubicon renews ANZ facilities, issues US$7M in notes
Tuesday, 19 May 2015, 9:26 am | BusinessDesk
May 19 (BusinessDesk) - Rubicon, the forestry biotech company spun out of Fletcher Challenge, has extended its financing arrangements with ANZ Bank New Zealand and issued US$7 million in notes to its major shareholder David Knott and its board members. More >>
NZ dollar declines amid US optimism, local rate outlook
Tuesday, 19 May 2015, 8:45 am | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound after a weak first quarter, and as the kiwi is weighed down by expectations local interest rates will fall. More >>
