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BusinessDesk - Latest News [Page 833]

NZ commercial property lending less risky now: RBNZ

Thursday, 26 March 2015, 1:48 pm | BusinessDesk

March 26 (BusinessDesk) - The Reserve Bank said New Zealand’s $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases. More >>

SeaDragon signs new agreements for shark liver oil

Thursday, 26 March 2015, 1:07 pm | BusinessDesk

March 26 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has terminated a contract with a charter vessel that supplied deep-sea shark liver oil and signed two new supply agreements, highlighting the challenge of ensuring ... More >>

Hotchin settles with Perpetual before Supreme Court hearing

Thursday, 26 March 2015, 12:34 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 Co as a party to his Supreme Court bid to have the trustees ... More >>

Hotchin drops Perpetual in appeal case

Thursday, 26 March 2015, 10:41 am | BusinessDesk

March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has abandoned his appeal against Perpetual Trust to include them in the Financial Markets Authority’s civil case against the former lender’s directors and promoters. More >>

MetService says FY earnings will miss target on MoT delays

Thursday, 26 March 2015, 9:54 am | BusinessDesk

March 26 (BusinessDesk) - Meteorological Service of New Zealand, the state-owned weather bureau, says annual earnings will be $2 million less than estimated because of delays finalising its largest contract. More >>

Milmeq wins innovation award after doubling export revenue

Thursday, 26 March 2015, 9:00 am | BusinessDesk

March 26 (BusinessDesk) - Milmeq, which designs, engineers and manufactures systems for primary food processing, has doubled export revenue in the past two years. More >>

NZ dollar falls vs. euro on German business confidence

Thursday, 26 March 2015, 8:46 am | BusinessDesk

March 26 (BusinessDesk) - The New Zealand dollar declined against the euro after a positive survey of German business confidence bolstered investor sentiment about Europe's largest economy. More >>

While you were sleeping: US durable goods orders drop

Thursday, 26 March 2015, 7:35 am | BusinessDesk

March 26 (BusinessDesk) - Stocks on Wall Street and in Europe slid after an unexpected drop in US durable goods orders bolstered concern about the strong greenback and its impact on corporate earnings. More >>

MARKET CLOSE: NZ shares fall, led by Fonterra fund

Wednesday, 25 March 2015, 5:48 pm | BusinessDesk

March 25 (BusinessDesk) - New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends. Spark New Zealand and Fletcher Building paced the decline after shedding rights to ... More >>

NZ dollar gains on yield appeal

Wednesday, 25 March 2015, 5:27 pm | BusinessDesk

March 25 (BusinessDesk) - The New Zealand dollar rose as the nation's relatively appealing interest rates drew investors who had unwound long US dollar positions following last week's Federal Reserve Open Market Committee meeting. More >>

Attention for Fonterra's under-performing Aussie units

Wednesday, 25 March 2015, 4:47 pm | BusinessDesk

March 25 (BusinessDesk) - Fixing under-performing businesses in Australia is a key part of Fonterra Cooperative Group’s renewed push to drive more value from transforming the business, particularly when low global milk prices depress its payout to farmers. More >>

Fonterra shareholders disappointed with Fonterra dividends

Wednesday, 25 March 2015, 1:54 pm | BusinessDesk

March 25 (BusinessDesk) - The Fonterra Shareholders’ Council said farmers are disappointed with today’s announcement of an interim dividend of 10 cents a share and a trimmed forecast range of 20 cents to 30 cents per share for the 2014/2015 season given the ... More >>

Nufarm NZ sales slip on weak dairy prices, drought

Wednesday, 25 March 2015, 1:23 pm | BusinessDesk

March 25 (BusinessDesk) - Nufarm, the agricultural chemicals manufacturer, reported a 14 percent drop in its New Zealand sales as the South Island drought and the decline in global dairy prices weighed on demand for pesticides and herbicides. More >>

NZ farmer confidence rebounds in first quarter: Rabobank

Wednesday, 25 March 2015, 1:05 pm | BusinessDesk

March 25 (BusinessDesk) - New Zealand farmer confidence rebounded in the first quarter of this year, led by improved optimism among dairy farmers. More >>

NZ posts smaller-than-expected trade surplus in February

Wednesday, 25 March 2015, 11:07 am | BusinessDesk

NZ posts smaller-than-expected trade surplus in February, annual deficit at 5-year high More >>

Update: Synlait lifts milk forecast while Fonterra reaffirms

Wednesday, 25 March 2015, 10:51 am | BusinessDesk

March 25 (BusinessDesk) - Synlait Milk has increased its forecast market milk price upwards for the 2015 season to a level closer to Fonterra Cooperative Group's, which was reaffirmed in the Fonterra interim results today. More >>

Fonterra affirms milk payout forecast

Wednesday, 25 March 2015, 9:32 am | BusinessDesk

March 25 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, affirmed its milk payout forecast and lowered guidance for dividends, while posting a 16 percent drop in first-half profit it says reflected "tough conditions in ... More >>