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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 832]
Zespri says kiwifruit volumes back to pre-Psa volumes
Monday, 30 March 2015, 8:47 am | BusinessDesk
March 27 (BusinessDesk) - Zespri, the world’s largest marketing exporter, says this season’s volumes are forecast to be back to the levels they were prior to the Psa virus hitting the $1.3 billion industry four years ago. More >>
Kiwi dollar falls against pound as BOE signals rate rise
Monday, 30 March 2015, 8:40 am | BusinessDesk
NZ dollar falls to one-week low vs British pound after BoE's Carney says next move is up More >>
World Week Ahead: All about the economy
Monday, 30 March 2015, 7:51 am | BusinessDesk
March 30 (BusinessDesk) - Investors will scrutinise the latest US jobs data this week, with private payrolls, weekly jobless claims and the government’s official report at the end of a holiday-shortened week. More >>
MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds
Friday, 27 March 2015, 5:35 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand shares rose, paced by Fonterra Shareholders' Fund as the stock rebounded from a record low. Outside the benchmark index, Hallenstein Glassons advanced after reporting a 40 percent jump in first-half profit. More >>
NZ dollar gains vs. Australian dollar on iron ore weakness
Friday, 27 March 2015, 5:30 pm | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart on sliding prices for iron ore exported to China, that nation's biggest market, while traders await a speech by US Federal Reserve chair Janet Yellen on Friday in the ... More >>
Failed Feltex case costs litigation funders $3.1M in costs
Friday, 27 March 2015, 4:59 pm | BusinessDesk
March 27 (BusinessDesk) - Former directors of Feltex Carpets and promoters of its 2004 initial public offering have been awarded a scaled-up $3.1 million in costs after being found not liable for alleged disclosure failings in its prospectus. More >>
NZ crossbred wool falls to two-month low
Friday, 27 March 2015, 3:51 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of New Zealand's production, fell to a two-month low at the South Island auction yesterday amid a stronger local currency and weaker buyer demand. More >>
Inflation target at 2% risks overheated economy, BNZ says
Friday, 27 March 2015, 12:32 pm | BusinessDesk
March 27 (BusinessDesk) - Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank of New Zealand, which suggests current low global inflation rates mean the local ... More >>
NZ milk powder futures drop as Fonterra lifts GDT volumes
Friday, 27 March 2015, 12:13 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand whole milk powder futures dropped after Fonterra Cooperative Group said it will increase the volume of product it puts up for sale on the GlobalDairyTrade platform, suggesting prices may extend their decline in next ... More >>
Hallenstein lifts profit 40% as it claws back market share
Friday, 27 March 2015, 12:10 pm | BusinessDesk
March 27 (BusinessDesk) - Hallenstein Glasson, the fast-fashion clothing chain, lifted first-half profit 40 percent, beating its guidance, as it clawed back market share in a competitive retail environment. More >>
GIC-Goodman Property JV to extend Auckland CBD footprint
Friday, 27 March 2015, 11:41 am | BusinessDesk
March 27 (BusinessDesk) - Wynyard Precinct Holdings, a joint venture between Goodman Property Trust and Singapore government-owned GIC, has agreed to buy an office tower in Auckland's Wynyard Quarter from Fletcher Building for $86.2 million. More >>
RESEND: NZX launches three new ETFs
Friday, 27 March 2015, 11:01 am | BusinessDesk
March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife this year, is launching three more exchange traded funds, giving investors exposure to Australia's resource and financial sector and dividend-paying ... More >>
NZX launches three new ETFs
Friday, 27 March 2015, 9:53 am | BusinessDesk
March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife next year, is launching three more exchange traded funds, giving investors exposure to Australia's resource and financial sector and dividend-paying ... More >>
NZ dollar reverses overnight gain on weaker dairy futures
Friday, 27 March 2015, 9:06 am | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar fell as dairy futures weakened, raising concern about the outlook for the country's largest export commodity. More >>
While you were sleeping: Middle East concern lifts oil
Friday, 27 March 2015, 7:53 am | BusinessDesk
March 27(BusinessDesk) - Oil rose while stocks fluctuated after Saudi Arabia and its Arab Gulf allies began air strikes on Yemen, bolstering concern about disruption of supply. More >>
ComCom likely to allow Cavalier, NZ Wool Services merger
Thursday, 26 March 2015, 6:01 pm | BusinessDesk
March 26 (BusinessDesk) - The Commerce Commission is likely to allow Cavalier Wool Holdings and New Zealand Wool Services International to merge their two wool scouring operations, which would ultimately make a monopoly of wool scouring services in New ... More >>
MARKET CLOSE: NZ shares fall, paced by Fletcher, Fonterra
Thursday, 26 March 2015, 5:53 pm | BusinessDesk
March 26 (BusinessDesk) - New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks. Fonterra Shareholders' Fund extended yesterday's decline after the dairy giant lowered its dividend forecast. More >>
NZ dollar extends slide against euro as Yellen awaited
Thursday, 26 March 2015, 5:33 pm | BusinessDesk
March 26 (BusinessDesk) - The New Zealand dollar extended its slide against the euro after a stronger-than-expected survey of German business confidence left traders short of the European common currency. More >>
Update: Hotchin settles with Perpetual before appeal
Thursday, 26 March 2015, 4:59 pm | BusinessDesk
March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leaving only Guardian Trust as a party to his Supreme Court bid to have the trustees ... More >>
NZX plans to launch equity options trading on April 24
Thursday, 26 March 2015, 2:12 pm | BusinessDesk
March 26 (BusinessDesk) - NZX, which operates New Zealand's stock market, plans to start offering equity options trading in three stocks as it seeks to develop the nation's capital markets. More >>
