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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 812]
NZ retail sales rise a record 2.7% in first quarter
Thursday, 14 May 2015, 10:53 am | BusinessDesk
NZ retail sales rise a record 2.7% in first quarter as back-to-school drives electronic goods More >>
NZ dollar advances as disappointing US retail sales sap USD
Thursday, 14 May 2015, 8:43 am | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar advanced after weaker-than-expected US retail sales data stoked speculation the Federal Reserve will delay hiking interest rates. More >>
While you were sleeping: US retail sales fall short
Thursday, 14 May 2015, 7:13 am | BusinessDesk
May 14 (BusinessDesk) - Wall Street seesawed, with the Dow Jones Industrial Average fluctuating between losses and gains, as a disappointing report on US retail sales and concern about a slump in bonds offset corporate activity. More >>
MARKET CLOSE: NZ shares rise; Meridian gains, Spark falls
Wednesday, 13 May 2015, 5:37 pm | BusinessDesk
May 13 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and Contact Energy as investors bought into income-paying stocks. Spark New Zealand extended its decline as traders weighed its earnings outlook. More >>
NZ dollar gains after new RBNZ lending limits move
Wednesday, 13 May 2015, 5:04 pm | BusinessDesk
NZ dollar gains after new RBNZ lending limits won't bite as deeply as feared More >>
2degrees tops streaming speeds, Vodafone 2nd, Spark 8th
Wednesday, 13 May 2015, 5:02 pm | BusinessDesk
May 13 (BusinessDesk) - Film and TV streaming firm Netflix has released its first assessment of New Zealand broadband speeds since launching in the country in March, and finds the fastest internet service provider is Snap, the Christchurch ISP acquired ... More >>
One in four dairy farmers in negative cashflow this season
Wednesday, 13 May 2015, 4:41 pm | BusinessDesk
May 13 (BusinessDesk) - Another year of sagging dairy prices would be a concern for New Zealand's economy and especially for the 25 percent of farmers currently carrying debts above 65 percent of the value of their assets and currently trading in negative ... More >>
ACG confirms advisers appointed amid buyout speculation
Wednesday, 13 May 2015, 2:52 pm | BusinessDesk
May 13 (BusinessDesk) - Academic Colleges Group, the Auckland-based secondary schools provider, has confirmed it has appointed advisers to "review strategic alternatives" after Australian media reports said it was up for sale. More >>
NZ dollar drops after RBNZ's Wheeler talks down kiwi
Wednesday, 13 May 2015, 2:23 pm | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar weakened after Reserve Bank governor Graeme Wheeler reiterated that he still considered the currency "unjustified and unsustainable", key criteria for intervention. More >>
Rural Equities accepts Webster takeover offer for Tandou
Wednesday, 13 May 2015, 1:04 pm | BusinessDesk
May 13 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, will sell its 6.4 percent stake in ASX-listed Tandou into a takeover offer from Australian agricultural and water company Webster. More >>
Dorchester Property Trust investor seeks change of manager
Wednesday, 13 May 2015, 11:34 am | BusinessDesk
May 13 (BusinessDesk) - Dorchester Property Trust, the hotel investor spun out of the financier and insurer formerly known as Dorchester Pacific five years ago, is holding a special meeting at the end of this month after a unit holder complained ... More >>
NZ food prices fall in April, on cheaper groceries, fruit
Wednesday, 13 May 2015, 11:19 am | BusinessDesk
May 13 (BusinessDesk) - New Zealand food prices fell to a four-month low in April after discounting in supermarkets and cheaper fruit and vegetables. More >>
UPDATE: RBNZ takes aim at Auckland property investors
Wednesday, 13 May 2015, 10:41 am | BusinessDesk
May 13 (BusinessDesk) - The Reserve Bank will target Auckland property investors with new lending restrictions as it looks to take the heat out of the property market in the country’s biggest city, which it sees as a key risk to the nation’s financial ... More >>
Insurers may still face surprises in Canterbury quake bill
Wednesday, 13 May 2015, 9:15 am | BusinessDesk
May 13 (BusinessDesk) - Insurers may face unexpectedly bigger costs over the Canterbury earthquake after several firms recently increased their estimates for the final bill, according to the Reserve Bank. More >>
RBNZ imposes new lending restrictions on Auckland property
Wednesday, 13 May 2015, 9:10 am | BusinessDesk
May 13 (BusinessDesk) - The Reserve Bank will target Auckland property investors with new lending restrictions as it looks to take the heat out of the property market in the country’s biggest city, which it sees as a key risk to the nation’s financial ... More >>
Sagging dairy prices push farms into negative cashflow
Wednesday, 13 May 2015, 9:09 am | BusinessDesk
May 13 (BusinessDesk) - Persistently low dairy prices are keeping New Zealand farmers under pressure with about a quarter of dairy farms experiencing negative cash flow in the current season, according to the Reserve Bank. More >>
NZ dollar holds steady as RBNZ Stability Report awaited
Wednesday, 13 May 2015, 8:34 am | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar was little changed as investors await an update on the Reserve Bank's view of Auckland's bubbling housing market as part of its Financial Stability Report this morning. More >>
While you were sleeping: Bond yields pressure stocks
Wednesday, 13 May 2015, 7:48 am | BusinessDesk
May 13 (BusinessDesk) - Wall Street traded lower, even as it erased some of its earlier losses, as rising global bond yields tempered the appetite for equities trading near record highs. More >>
MARKET CLOSE: NZ shares fall, Diligent drops Nuplex up
Tuesday, 12 May 2015, 5:35 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand shares fell led by Diligent Board Member Services after it reported its first quarter earnings. Nuplex Industries rose after it lifted its full year guidance. More >>
NZ dollar falls ahead of RBNZ report, retail sales
Tuesday, 12 May 2015, 5:09 pm | BusinessDesk
May 12 (BusinessDesk) - The New Zealand dollar fell ahead of the Reserve Bank's financial stability report and retail sales data for the first quarter, as traders scrutinise anything that could add to the case for interest rate cuts. More >>
