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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 810]
RBNZ house alert speech the catalyst for government action
Monday, 18 May 2015, 5:44 pm | BusinessDesk
May 18 (BusinessDesk) - Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More >>
MARKET CLOSE: NZ shares rise; Genesis, Contact, MRP gain
Monday, 18 May 2015, 5:40 pm | BusinessDesk
May 18 (BusinessDesk) - New Zealand shares rose, paced by Genesis Energy, Contact Energy and MightyRiverPower in a relief rally as Meridian Energy's installment came due. More >>
NZ dollar falls on speculation interest rates may be cut
Monday, 18 May 2015, 5:18 pm | BusinessDesk
May 18 (BusinessDesk) - The New Zealand dollar fell on speculation the government's efforts to curb a rampant Auckland housing market, added to the Reserve Bank own efforts, could give the bank more room to cut interest rates. More >>
Caldera, close to global breakthrough, seeks new investors
Monday, 18 May 2015, 3:48 pm | BusinessDesk
May 18 (BusinessDesk) - Caldera Health, a New Zealand biotech company working on a gene-sequencing replacement for the world's most widely used prostate cancer test, is seeking new investors to complete a $2 million capital raising to finish clinical ... More >>
Cooks Global signs JV with BuBuGao of China
Monday, 18 May 2015, 3:00 pm | BusinessDesk
Cooks Global signs JV with BuBuGao, targets 150 coffee stores in China in 5 years More >>
Dorchester Property sells Goldridge resort for $8M
Monday, 18 May 2015, 2:45 pm | BusinessDesk
May 18 (BusinessDesk) - Dorchester Property Trust, the hotel investor spun out of the financier and insurer formerly known as Dorchester Pacific five years ago, has agreed to sell the Goldridge Resort Queenstown to an entity associated with one its ... More >>
Chinese tourists to spend more, stay longer than Aussies: MB
Monday, 18 May 2015, 1:03 pm | BusinessDesk
May 18 (BusinessDesk) - China is expected to overtake Australia as the biggest tourism market for New Zealand in terms of expenditure within seven years. More >>
NZ Dollar Outlook: Kiwi may decline on rate cut speculation
Monday, 18 May 2015, 12:00 pm | BusinessDesk
May 18 (BusinessDesk) - The New Zealand dollar will probably decline this week, amid expectations increased measures to curb rising Auckland house prices will give the Reserve Bank greater leeway to cut interest rates. More >>
NZ services growth slows in April as stock, deliveries drop
Monday, 18 May 2015, 11:16 am | BusinessDesk
May 18 (BusinessDesk) - Growth in New Zealand's service sector, which makes up about two thirds of the economy, slowed in April as stock/inventories and supplier deliveries dropped. More >>
How to fall foul of the new housing tax rules: tips from IRD
Monday, 18 May 2015, 10:43 am | BusinessDesk
How to fall foul of the new housing tax rules: tips from the NZ tax department More >>
Meridian receives 98 percent of instalment receipts
Monday, 18 May 2015, 10:41 am | BusinessDesk
May 18 (BusinessDesk) - Meridian Energy, the state controlled energy generator and retailer, has received 98 percent of its instalment receipts with the first round of share transfers due this Thursday. More >>
Wynyard sees annual revenue growth of up to 73%
Monday, 18 May 2015, 10:38 am | BusinessDesk
May 18 (BusinessDesk) - Wynyard Group, the security software firm, sees annual revenue growing as much as 73 percent this year as it presses ahead with a number of contracts and gets closer to finalising a major distribution agreement in law enforcement markets. More >>
NZX taps Aaron Jenkins for head of funds management
Monday, 18 May 2015, 9:50 am | BusinessDesk
May 18 (BusinessDesk) - NZX, the stock market operator, has tapped Aaron Jenkins to head up its expanded funds management business, with Mark Peterson to fill his vacated role as head of markets. More >>
Kiwi Property lifts FY earnings 4.5%, to raise $151.9M
Monday, 18 May 2015, 9:36 am | BusinessDesk
Kiwi Property lifts FY earnings 4.5% on lower costs, looks to raise $151.9 mln More >>
NZ dollar falls as govt move on housing seen to free up RBNZ
Monday, 18 May 2015, 8:33 am | BusinessDesk
NZ dollar falls as govt move on housing market seen to free up RBNZ for rate cuts More >>
World Week Ahead: Waiting for Yellen
Monday, 18 May 2015, 7:57 am | BusinessDesk
May 18 (BusinessDesk) - With increasing evidence the US economy is not recovering as quickly as initially thought from a sluggish first quarter, Federal Reserve Chair Janet Yellen’s speech on Friday will be watched very closely. More >>
Govt announces tax crackdown on housing speculators: Budget
Sunday, 17 May 2015, 2:54 pm | BusinessDesk
May 17 (BusinessDesk) - The government will give the Inland Revenue Department an extra $29 million in Budget 2015 to chase property investors, tighten rules on investment gains and link transactions to IRD numbers while it assesses a withholding tax for ... More >>
MARKET CLOSE: NZ shares rise; Nuplex, Air NZ, Mainfreight up
Friday, 15 May 2015, 5:39 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand shares rose. Nuplex Industries climbed to a four-year high after it upgraded its profit guidance. Freightways, Mainfreight and Air New Zealand advanced as cheaper global oil prices meant lower input costs. More >>
NZ dollar set to end week unchanged
Friday, 15 May 2015, 5:34 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar is set to end the week largely unchanged, belying the volatility that saw it fall to a two-month low midweek as expectations grew that the Reserve Bank may cut interest rates as early as next month. More >>
NZ's growing ICT sector drives more diverse economy: Joyce
Friday, 15 May 2015, 4:40 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand's information and communications technology sector's growing value of exports, increased spend on research and development and expanding workforce is helping to diversify the nation's economy, Economic Development Minister ... More >>
