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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 816]
NZ venture capital community still rebuilding: Garage Tech
Wednesday, 6 May 2015, 10:19 am | BusinessDesk
May 6 (BusinessDesk) - New Zealand's institutional venture capital community is still recovering from the global financial crisis six-and-a-half years ago, although so-called angel investors are in better heart, according to a visiting venture capitalist from ... More >>
Mega listing falls through following delays
Wednesday, 6 May 2015, 10:15 am | BusinessDesk
May 6 (BusinessDesk) - A deal for an NZX listing for Mega, the cloud-based file storage and encryption firm launched by internet entrepreneur Kim Dotcom in 2013 to replace his Megaupload empire, has fallen through because of delays in gaining ... More >>
NZX share trading declines in April
Wednesday, 6 May 2015, 10:12 am | BusinessDesk
May 6 (BusinessDesk) - The volume and value of cash trading on New Zealand's share market declined last month. More >>
First NZ Capital censured, fined after trading error
Wednesday, 6 May 2015, 9:13 am | BusinessDesk
May 6 (BusinessDesk) - First NZ Capital Securities, the research firm and broking house, has been publicly censured and fined $15,000 by the New Zealand Markets Disciplinary Tribunal after trying to fix up a trading error without informing the market operator. More >>
NZ dollar falls vs. Aussie after RBA removes easing bias
Wednesday, 6 May 2015, 8:40 am | BusinessDesk
May 6 (BusinessDesk) - The New Zealand dollar fell to an eight-week low against the Aussie as traders bet the Reserve Bank of Australia is finished its easing cycle after it reduced the country's benchmark interest rate to a record low 2 percent ... More >>
While you were sleeping: US trade gap balloons
Wednesday, 6 May 2015, 8:10 am | BusinessDesk
May 6 (BusinessDesk) - Equities on both sides of the Atlantic fell, while bonds rose, after a report showing the US trade deficit ballooned more than expected added to recent data on consumer sentiment and GDP that point to a slowing of US growth. More >>
Demand improving but most dairy product prices extend drop
Wednesday, 6 May 2015, 7:02 am | BusinessDesk
May 6 (BusinessDesk) - Dairy product prices slipped in the latest GlobalDairyTrade auction, with declines in milk powder and anhydrous milk fat prices outweighing a firming of cheese prices, amid sluggish demand from China and Russia, while a weakening ... More >>
MARKET CLOSE: NZ stocks rise, ANZ, Fletcher gain
Tuesday, 5 May 2015, 5:31 pm | BusinessDesk
May 5 (BusinessDesk) - New Zealand shares rose, paced by Australia and New Zealand Banking Group after it reported its first-half earnings. Fletcher Building advanced after affirming its annual guidance. More >>
NZ dollar falls vs. Australian dollar after RBA cuts
Tuesday, 5 May 2015, 5:05 pm | BusinessDesk
May 5 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia opportunistically cut interest rates, which traders interpreted as meaning there was a high hurdle for future easing. More >>
RBA cuts cash rate to 2%, omits comment on further cuts
Tuesday, 5 May 2015, 4:53 pm | BusinessDesk
(Fixes prior price in 2nd graph) RBA cuts cash rate to 2%, omits comment on further cuts More >>
RBA cuts cash rate to 2%, omits comment on further cuts
Tuesday, 5 May 2015, 4:49 pm | BusinessDesk
May 5 (BusinessDesk) - The Reserve Bank of Australia cut its cash rate to a record low, as expected, while avoiding commenting on further cuts. More >>
NZX milk powder futures point to 5th decline in GDT auction
Tuesday, 5 May 2015, 1:57 pm | BusinessDesk
May 5 (BusinessDesk) - New Zealand whole milk powder future contracts weakened this morning as traders pulled back their expectations heading into tonight's GlobalDairyTrade auction, where New Zealand's biggest dairy export product is expected to post its ... More >>
NZ new commercial vehicle sales hit a record for April
Tuesday, 5 May 2015, 11:00 am | BusinessDesk
May 5 (BusinessDesk) - New Zealand sales of new commercial vehicles hit a record for April amid strong demand from tradespeople and farmers. More >>
Smaller DIMS investment managers get accounts exemption
Tuesday, 5 May 2015, 10:52 am | BusinessDesk
May 5 (BusinessDesk) - The Financial Markets Authority has approved exemptions for smaller investment managers who provide discretionary investment management services (DIMS), meaning they don't have to prepare and lodge audited financial statements ... More >>
Auckland house prices climb to $804,000, Barfoot says
Tuesday, 5 May 2015, 10:31 am | BusinessDesk
Auckland house prices climb to $804,000 as sales volumes drop in April, Barfoot says More >>
ANZ Bank's NZ unit posts 1% increase in 1H earnings
Tuesday, 5 May 2015, 10:29 am | BusinessDesk
ANZ Bank's NZ unit posts 1% increase in 1H earnings as impairment charges weigh More >>
Fletcher reiterates FY operating earnings guidance
Tuesday, 5 May 2015, 10:01 am | BusinessDesk
May 5 (BusinessDesk) - Fletcher Building, whose shares have missed the rally on New Zealand's bourse in the past five years, has reiterated its forecast for full-year earnings and capital spending to be at the lower end of its guidance range. More >>
NZ dollar slips vs. Aussie ahead of RBA rate decision
Tuesday, 5 May 2015, 8:31 am | BusinessDesk
May 5 (BusinessDesk) - The New Zealand dollar edged lower against the Aussie as traders position themselves for the Reserve Bank of Australia's interest rate decision today. More >>
While you were sleeping: Bulls still in charge
Tuesday, 5 May 2015, 8:05 am | BusinessDesk
May 5 (BusinessDesk) - Wall Street moved higher amid further evidence that US corporate earnings are in better shape than feared. More >>
NZ next cab off the rank to close Gulf states FTA, Key says
Monday, 4 May 2015, 5:38 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand should be the next cab off the rank in securing a long-awaited free-trade agreement with the Gulf Cooperation Council, with Prime Minister John Key "much more positive" about finalising a deal after his ... More >>
