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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 829]
NZ dollar tumbles vs. Australian dollar on unchanged RBA
Tuesday, 7 April 2015, 5:29 pm | BusinessDesk
April 7 (BusinessDesk) - The New Zealand dollar tumbled against the Australian dollar after the Reserve Bank of Australia unexpectedly kept its cash rate unchanged, delaying the prospects of parity between the two currencies. More >>
RBA keeps key rate at 2.25%, kiwi dollar retreats
Tuesday, 7 April 2015, 4:57 pm | BusinessDesk
April 7 (BusinessDesk) - The Reserve Bank of Australia held its cash rate unchanged at a record low, surprising market participants who had been betting on a further cut and driving up the Australian dollar. More >>
Agile Innovation guru Langdon Morris coming to New Zealand
Tuesday, 7 April 2015, 4:00 pm | BusinessDesk
April 7 (BusinessDesk) - American innovation expert Langdon Morris will teach Kiwi companies the secrets of 'agile innovation' at a series of workshops around the country next week. More >>
Fletcher trading shows building products not plain sailing
Tuesday, 7 April 2015, 3:56 pm | BusinessDesk
April 7 (BusinessDesk) - Fletcher Building's shares missed out on the rally in New Zealand shares in the past five years and Graeme Hart's Carter Holt Harvey will face similar pressures if it returns to public ownership this year, investors say. More >>
Barfoot breaks records for Auckland home sales in March
Tuesday, 7 April 2015, 12:29 pm | BusinessDesk
April 7 (BusinessDesk) - Auckland house sales volume and average prices rose to a record last month, with buyers undeterred by soaring prices in the face of relatively low borrowing costs, according to Barfoot & Thompson, the city's largest real ... More >>
Veritas says failure of 4 Mad Butcher outlets 'coincidence'
Tuesday, 7 April 2015, 11:46 am | BusinessDesk
April 7 (BusinessDesk) - Veritas Investments, the food and beverage investor, has responded to media reports about the financial health of its Mad Butcher brand by saying the liquidation of four of its franchisee-operated budget meat outlets this ... More >>
Fonterra mulls $250M bond sale
Tuesday, 7 April 2015, 10:46 am | BusinessDesk
April 7 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, may sell $250 million of six-year bonds in what would be its third security listed on the NZX debt market. More >>
'Unresponsive' Pyne Gould censured again by NZX Tribunal
Tuesday, 7 April 2015, 10:33 am | BusinessDesk
April 7 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the Financial Markets Authority, has been censured by the NZ Markets Disciplinary Tribunal for its second breach of corporate governance rules in recent months. More >>
NZX share trading rises for second month in March
Tuesday, 7 April 2015, 9:35 am | BusinessDesk
April 7 (BusinessDesk) - The volume and value of cash trading on New Zealand's stock market rose for the second consecutive month in March as the NZX 50 Index rose to record levels, pushed higher by demand for income-paying stocks. More >>
NZ dollar holds near parity with Australian dollar
Tuesday, 7 April 2015, 8:54 am | BusinessDesk
April 7 (BusinessDesk) - The New Zealand dollar traded near parity with the Australian dollar and may break through A$1 should the Reserve Bank of Australia cut its cash rate as expected today. More >>
World Week Ahead: Dudley saves the day
Tuesday, 7 April 2015, 7:23 am | BusinessDesk
April 7 (BusinessDesk) - Wall Street advanced, shrugging off earlier declines following Friday’s disappointing US jobs report, after New York Fed President William Dudley suggested interest rate increases will be “relatively shallow.” More >>
NZ dollar rises to post-float high vs. Australian dollar
Thursday, 2 April 2015, 5:43 pm | BusinessDesk
April 2 (BusinessDesk) - The New Zealand dollar rose to a new post-float high against the Australian dollar as traders looked ahead to non-farm payrolls data in the US and what is expected to be an interest rate cut by the Reserve Bank of Australia ... More >>
MARKET CLOSE: NZ shares fall, led by A2, Meridian
Thursday, 2 April 2015, 5:34 pm | BusinessDesk
April 2 (BusinessDesk) - New Zealand shares fell as some investors sold A2 Milk Co to lock in recent gains. Meridian Energy declined ahead of its second instalment payment coming due. More >>
NZ's "basketcase" bee industry seeks levies, national body
Thursday, 2 April 2015, 3:40 pm | BusinessDesk
April 2 (BusinessDesk) - Representatives of New Zealand's fragmented bee industry have called on government support to reintroduce commodity levies for honey and the creation of a single national body by April next year. More >>
NZ's "basketcase" bee industry seeks levies, national body
Thursday, 2 April 2015, 3:40 pm | BusinessDesk
April 2 (BusinessDesk) - Representatives of New Zealand's fragmented bee industry have called on government support to reintroduce commodity levies for honey and the creation of a single national body by April next year. More >>
NZ lamb wool prices fall as weak Aussie dollar lures Chinese
Thursday, 2 April 2015, 1:55 pm | BusinessDesk
April 2 (BusinessDesk) - New Zealand lamb wool prices fell as Chinese buyers of the fibre favoured the Australian market as a decline in the Aussie dollar made that country's prices more competitive. More >>
Chatham Rock proposes reverse listing, wider mandate
Thursday, 2 April 2015, 1:36 pm | BusinessDesk
April 2 (BusinessDesk) - Chatham Rock Phosphate, which was turned down for a consent for seabed mining, has proposed a deal with associate Aorere Resources which would turn Chatham into a dual-listed company via a reverse listing. More >>
Chch’s Science Alive to help sci-tech centres in Gansu
Thursday, 2 April 2015, 1:31 pm | BusinessDesk
April 2 (BusinessDesk) – Christchurch mayor Lianne Dalziel has signed a memorandum of understanding with her counterparts in China’s Gansu that will see local science and technology trust Science Alive help to roll-out sci-tech programmes across the ... More >>
NZ Super Fund suspends Milford's mandate amid FMA probe
Thursday, 2 April 2015, 1:16 pm | BusinessDesk
April 2 (BusinessDesk) - The Guardians of New Zealand Superannuation, tasked with managing the New Zealand Superannuation Fund, has suspended its investment mandate with Milford Asset Management while Milford is investigated by the Financial Markets ... More >>
Fonterra likely to increase farmer payout for 2015/16
Thursday, 2 April 2015, 12:06 pm | BusinessDesk
April 2 (BusinessDesk) - Fonterra Cooperative Group is likely to increase its forecast payout to dairy farmers next season by enough to make production profitable for most farmers as lower global milk supply drives up prices, according to economists who ... More >>
