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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 824]
Alex van Heeren loses long-running case
Friday, 17 April 2015, 6:29 pm | BusinessDesk
April 17 (BusinessDesk) - High-flying businessman Alex van Heeren has been ordered by the High Court at Auckland to pay US$25 million as an interim payment to his former business partner, Michael Kidd, and could be made to pay as much as US$50 million ... More >>
NZ dollar could stay above Aussie dollar parity: UBS
Friday, 17 April 2015, 6:12 pm | BusinessDesk
NZ dollar could stay above Aussie dollar parity for 'at least a year', UBS says More >>
MARKET CLOSE: NZ shares fall; ANZ, Spark drop, FSF rebounds
Friday, 17 April 2015, 5:33 pm | BusinessDesk
April 17 (BusinessDesk) - New Zealand shares fell, paced by Australia and New Zealand Banking Group and Spark New Zealand, as weakness in the Australian stock market weighed on dual-listed companies. Fonterra Shareholders' Fund rebounded from a record low. More >>
NZ dollar pares gains ahead of US inflation
Friday, 17 April 2015, 5:29 pm | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar pared its gains against the greenback ahead of US inflation data, on concern a strong number could make up for a string of recent weak economic data and reignite talk of Federal Reserve rate increases. More >>
Air NZ's Houston link paves way for United Airlines tie-up
Friday, 17 April 2015, 4:18 pm | BusinessDesk
Air NZ's Houston service paves the way for partnership with United Airlines, analysts say More >>
Hancock NZ chief McCallum upbeat on outlook for timber
Friday, 17 April 2015, 3:51 pm | BusinessDesk
April 17 (BusinessDesk) - Hancock Forest Management (NZ), the local division of the world's largest timberland investment manager, is confident about the outlook for New Zealand timber. More >>
Bluelab to spend growth grant taking new product to market
Friday, 17 April 2015, 11:53 am | BusinessDesk
April 17 (BusinessDesk) - Bluelab Corp, which makes electronic metering and control devices to aid plant growth, will use a new research and development growth grant to speed up taking a new sensory product to market in the next year. More >>
LIC and Lely enter R&D partnership in farm sensor technology
Friday, 17 April 2015, 11:44 am | BusinessDesk
April 17 (BusinessDesk) - Livestock Improvement Corp, a farmer cooperative that sells bull semen and manages a dairy genetics database, has entered a research and development partnership with Dutch agricultural company Lely Group. More >>
NZ TWI surges above RBNZ forecast, may prompt jawboning
Friday, 17 April 2015, 11:36 am | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar trade-weighted index has soared above the Reserve Bank's projections to a nine-month high but traders and strategists say the bank has few options, other than jawboning, to drive the currency lower in ... More >>
John Williamson flags Hellaby resignation
Friday, 17 April 2015, 9:29 am | BusinessDesk
April 17 (BusinessDesk) - John Williamson, managing director of Hellaby Holdings, will step down at the diversified investors' annual meeting, after nearly eight years with the company. More >>
Wellington Airport revised fees 'just within' OK range
Friday, 17 April 2015, 9:19 am | BusinessDesk
April 17 (BusinessDesk) - Wellington International Airport's revised landing fees are "just within" the Commerce Commission's acceptable range of returns, the regulator said. More >>
NZ dollar touches record vs. euro amid concerns about Greece
Friday, 17 April 2015, 8:38 am | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar touched a fresh record high against the euro amid mounting concerns that Greece may exit the common currency as it fails to make progress in reaching agreement on its debt repayments. More >>
NZ Health Ministry well advanced on first social impact bond
Friday, 17 April 2015, 7:28 am | BusinessDesk
NZ Ministry of Health well on the way to delivering NZ's first social impact bond More >>
MARKET CLOSE: NZ shares rise; Kathmandu, Fletcher gain
Thursday, 16 April 2015, 5:34 pm | BusinessDesk
April 16 (BusinessDesk) - New Zealand shares rose, led by Kathmandu Holdings and Fletcher Building as investors bought sold-off trans-Tasman stocks. Fonterra Shareholders' Fund fell after dairy prices sank to their lowest level in 2015 overnight. More >>
NZ dollar tumbles vs. Aussie in flip-flop trade
Thursday, 16 April 2015, 5:28 pm | BusinessDesk
April 16 (BusinessDesk) - The New Zealand dollar tumbled about 1 Australian cent, having flirted with another attempt at parity this week, after figures showed the jobless rate fell in Australia last month as the economy added jobs. More >>
Tourism NZ, Air NZ will push Houston link in joint campaign
Thursday, 16 April 2015, 4:58 pm | BusinessDesk
April 16 (BusinessDesk) - Tourism New Zealand said a joint venture promotional campaign it's launching with Air New Zealand in the US in September will have a strong focus on pushing the airline’s new direct flight from Auckland to Houston, Texas, announced ... More >>
RESEND: Timely Fonterra bond sale draws oversubscriptions
Thursday, 16 April 2015, 4:51 pm | BusinessDesk
April 16 (BusinessDesk) - Fonterra Cooperative Group attracted $100 million of oversubscriptions for its 2021 bonds in a sale that benefitted from the maturity of $800 million of existing debt at the world's biggest dairy exporter and a large government bond maturity ... More >>
Tower, with ample capital, confirms $34 mln buyback
Thursday, 16 April 2015, 3:26 pm | BusinessDesk
April 16 (BusinessDesk) - Tower, the listed general insurer, said its capital holdings are well in excess of the Reserve Bank's minimum solvency requirements, giving it room to buy back as much as $34 million of its stock. More >>
JP Morgan questions Employment Court jurisdiction
Thursday, 16 April 2015, 2:36 pm | BusinessDesk
April 16 (BusinessDesk) - The Court of Appeal has heard that the Employment Court has no jurisdiction over a settlement agreement between JP Morgan Chase and its former New Zealand boss, in the latest iteration of a long-running employment dispute. More >>
Timely Fonterra sale of 6-year bonds draws oversubscriptions
Thursday, 16 April 2015, 2:31 pm | BusinessDesk
April 16 (BusinessDesk) - Fonterra Cooperative Group attracted $100 million of oversubscriptions for its 2021 bonds in a sale that benefitted from the maturity of $800 million of existing debt at the world's biggest dairy exporter and a large government bond maturity ... More >>
