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BusinessDesk - Latest News [Page 839]

NZ Dollar Outlook: Kiwi may fall this week as Fed, GDP loom

Monday, 16 March 2015, 11:20 am | BusinessDesk

NZ Dollar Outlook: Kiwi may decline this week as Fed expected to signal on rate hikes More >>

NZ services sector slows, remains in expansion in February

Monday, 16 March 2015, 11:16 am | BusinessDesk

March 16 (BusinessDesk) - New Zealand's services sector, which makes up about two thirds of the economy, slowed in February while remaining in expansion, led by sales, with signs the strong pace of growth in 2014 is continuing into the current year. More >>

Huljich loans Pushpay $4 million to fund US growth plans

Monday, 16 March 2015, 9:59 am | BusinessDesk

March 16 (BusinessDesk) - Pushpay Holdings, the NZAX-listed mobile payment app developer, has secured a $4 million funding line from cornerstone shareholder the Huljich family as it chases earnings growth in the US. More >>

A2 gets approval for ASX listing

Monday, 16 March 2015, 9:28 am | BusinessDesk

March 16 (BusinessDesk) - A2 Milk Co, the milk marketing company chasing a dual-listing across the Tasman, has issued an information memorandum to would-be Australian investors after gaining preliminary approval to list on the Australian stock exchange. More >>

NZ dollar touches record vs. euro after start of ECB bonds

Monday, 16 March 2015, 8:53 am | BusinessDesk

March 16 (BusinessDesk) - The New Zealand dollar touched a record against the euro as the European common currency slumped in the first week of the European Central Bank's bond-buying programme. More >>

World Week Ahead: Will the Fed remain patient?

Monday, 16 March 2015, 7:47 am | BusinessDesk

March 16 (BusinessDesk) - The key focus in the coming days will be how the US Federal Reserve tweaks its monetary policy position, and what that means for the timing of an interest rate increase. More >>

MARKET CLOSE: NZ share rise, led by Xero; Genesis, Meridian

Friday, 13 March 2015, 5:32 pm | BusinessDesk

March 13 (BusinessDesk) - New Zealand shares rose led by Xero as it finalised its $147.2 million capital raise. Genesis Energy and Meridian Energy paced the gain as investors sought dividend paying stocks. More >>

NZ dollar heads for 0.3% weekly gain

Friday, 13 March 2015, 5:08 pm | BusinessDesk

March 13 (BusinessDesk) - The New Zealand dollar is heading for a 0.3 percent weekly gain against the greenback after Reserve Bank governor Graeme Wheeler yesterday disappointed traders betting on a gloomy outlook for the local economy when he kept the key rate ... More >>

Windflow narrows 1H loss, says new financnig needed

Friday, 13 March 2015, 4:06 pm | BusinessDesk

March 13 (BusinessDesk) - Windflow Technology, the unprofitable wind turbine manufacturer, narrowed its first-half loss but says it will need to borrow from its shareholders and find new financing to remain a going concern. More >>

Airways 1H earnings fall 36% as new businesses miss forecast

Friday, 13 March 2015, 4:01 pm | BusinessDesk

March 13 (BusinessDesk) - Airways Corp of New Zealand, which is in charge of the nation's air traffic control, posted a 36 percent decline in first half profit as its investments in new international businesses didn't perform as well as expected ... More >>

CORRECT: RBNZ looking at risk modelling, pricing

Friday, 13 March 2015, 2:41 pm | BusinessDesk

March 13 (BusinessDesk) - The Reserve Bank is looking at the way it models risk and pricing in respect to its own financial operations, which it hopes will allow it to generate better returns without incurring greater risk. More >>

PM Key says Indian FTA would reduce reliance on China

Friday, 13 March 2015, 2:33 pm | BusinessDesk

March 13 (BusinessDesk) - Prime Minister John Key says a free trade agreement with India would help New Zealand reduce its dependence on the Chinese market, which is the country's biggest trading partner. More >>

NZ lamb wool prices jump to 4-yr high, aided by China demand

Friday, 13 March 2015, 2:26 pm | BusinessDesk

NZ lamb wool prices jump to 4-year high, aided by Chinese demand, US dollar strength More >>

NZOG says acceptances in Cue takeover lift holding to 27%

Friday, 13 March 2015, 1:09 pm | BusinessDesk

March 13 (BusinessDesk) - New Zealand Oil and Gas said acceptances under its hostile takeover offer for ASX-listed Cue Energy Resources lift its interest in the target company to 27.3 percent, close to its target holding. More >>

Govt ordered to reconsider 'red zone' offers

Friday, 13 March 2015, 12:53 pm | BusinessDesk

March 13 (BusinessDesk) - The government's offer to pay half the 2007 rateable value to uninsured properties and bare land in Christchurch's 'red zone' has been declared unlawful and the Crown has been asked to reconsider, in a split decision by the Supreme ... More >>

Supreme Ct backs Christine Thompson in $8M Nutra-Life case

Friday, 13 March 2015, 11:19 am | BusinessDesk

March 13 (BusinessDesk) - The Supreme Court has ruled an $8 million restraint of trade clause on Michael Thompson attached to the $80.3 million sale of Nutra-Life Health & Fitness in 2006 was relationship property, and his ex-wife Christine ... More >>