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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 836]
News Corp lifts stake in APN to 14.99% from 4.9%
Thursday, 19 March 2015, 6:06 pm | BusinessDesk
March 19 (BusinessDesk) - News Corp, the global media group controlled by Rupert Murdoch, has lifted its stake in APN News & Media to 14.99 percent, buying shares from the target company's ling-term shareholders Independent News & Media and ... More >>
MARKET CLOSE: NZ shares rise, led by Skellerup, Meridian
Thursday, 19 March 2015, 5:48 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand shares rose, led by Skellerup Holdings and paced by Meridian Energy, as investors returned to equities in the face of globally low interest rates. Kathmandu Holdings gained ahead of reporting earnings tomorrow. More >>
UPDATE: NZ, US escalate WTO action against Indonesia
Thursday, 19 March 2015, 5:45 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand and the US have escalated a complaint against Indonesia to the World Trade Organisation on import restrictions that led to the collapse in New Zealand beef exports to the southeast Asian country. More >>
NZ dollar gains as more-cautious Fed weighs on greenback
Thursday, 19 March 2015, 5:30 pm | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar gained after the Federal Reserve gave a more cautious assessment of the US economy, prompting traders who had been betting on further gains in the greenback to exit their positions. More >>
Tourism Holdings acquires 49% stake in UK's Just Go
Thursday, 19 March 2015, 5:07 pm | BusinessDesk
March 19 (BusinessDesk) - Tourism Holdings, the largest campervan rental business in Australia and New Zealand, said it acquired 49 percent of UK-based Just Go, a motorhome rentals and sales business. More >>
FMA lifts head count to 170 as it probes new areas
Thursday, 19 March 2015, 3:43 pm | BusinessDesk
March 19 (BusinessDesk) - The Financial Markets Authority has "staffed up" to the tune of 170 people and will invest heavily in technology in coming years to fulfill its role as a regulator, a parliamentary committee has heard. More >>
NZ, Vietnam aim to double two-way trade to $2.2B by 2020
Thursday, 19 March 2015, 3:25 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand and Vietnam aim to double two-way goods and service trade to about $2.2 billion by 2020. More >>
No more Air NZ points for BNZ credit cards; Westpac steps in
Thursday, 19 March 2015, 3:20 pm | BusinessDesk
No more Air NZ points for BNZ credit cards, as Westpac steps in; cash replacement mooted More >>
APN News & Media halted for selldown
Thursday, 19 March 2015, 2:18 pm | BusinessDesk
March 19 (BusinessDesk) - APN News & Media, which last year bundled its New Zealand assets into a separate vehicle for a potential listing, had its stock halted from trading pending a potential selldown, amid speculation investor Dennis O'Brien ... More >>
IMF says LVR limits work in boom times, not busts
Thursday, 19 March 2015, 1:35 pm | BusinessDesk
March 19 (BusinessDesk) - Restrictions on low-deposit home loans appear to have more effect in times of boom rather than bust, according to an International Monetary Fund working paper. More >>
NZ, US escalate WTO action against Indonesia import rules
Thursday, 19 March 2015, 1:17 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand and the US have escalated a complaint against Indonesia to the World Trade Organisation on import restrictions that led to the collapse in New Zealand beef exports to the southeast Asian country. More >>
Salt Funds wins mandate for AMP's $690M active NZ equities
Thursday, 19 March 2015, 12:57 pm | BusinessDesk
March 19 (BusinessDesk) - Salt Funds Management, the boutique investment manager set up by its principals about two years ago, has won the mandate to manage AMP Capital's active New Zealand equity funds, adding about $690 million to its funds under management ... More >>
Mainfreight forecasts annual profit hike
Thursday, 19 March 2015, 11:13 am | BusinessDesk
March 19 (BusinessDesk) - Mainfreight expects annual profit to rise as much as 7.1 percent on revenues in excess of $2 billion as it pays tribute to one of the business leaders who helped it evolve from a company with one truck. More >>
NZ economy grows 0.8% in fourth quarter
Thursday, 19 March 2015, 10:54 am | BusinessDesk
March 19 (BusinessDesk) - The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More >>
Wynyard proposes dual listing on Australian bourse
Thursday, 19 March 2015, 9:55 am | BusinessDesk
March 19 (BusinessDesk) - Wynyard Group, the crime-fighting software and services developer, plans a dual listing on the Australian stock exchange. More >>
Sheldon steps down as Chorus chair, Hartley interim chair
Thursday, 19 March 2015, 9:47 am | BusinessDesk
March 19 (BusinessDesk) - Sue Sheldon is standing down as chair of Chorus at the end of the month and the role will be filled by Jon Hartley on an interim basis. More >>
NZ dollar jumps against greenback after dovish Fed statement
Thursday, 19 March 2015, 8:59 am | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar jumped more than one US cent after the Federal Reserve was more cautious than expected about a revival in the US economy and the outlook for interest rate rises. More >>
While you were sleeping: Wall Street rallies on Fed
Thursday, 19 March 2015, 8:05 am | BusinessDesk
March 19 (BusinessDesk) - Wall Street gained, erasing earlier losses, after US Federal Reserve policy makers flagged that they expect interest rates to rise at a slower pace when increases begin. More >>
UPDATE: Fliway IPO priced at $1.20/share
Wednesday, 18 March 2015, 6:17 pm | BusinessDesk
March 18 (BusinessDesk) - Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its $34 million initial public offering, the bottom end of the indicative range, people say. More >>
NZ dollar falls after dairy prices drop; Fed, GDP loom
Wednesday, 18 March 2015, 5:48 pm | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar fell after prices of dairy products dropped more than some expected in the GlobalDairyTrade auction overnight and as the market awaits the US Federal Reserve's latest review of monetary policy. More >>
