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BusinessDesk - Latest News [Page 840]

RESEND: Television NZ expects to resume dividends in 2016

Thursday, 12 March 2015, 6:29 pm | BusinessDesk

March 12 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, expects to resume dividend payments in 2016, having gained approval to halt payments in fiscal 2014 while refurbishing its main building on Auckland’s Victoria St West. More >>

MARKET CLOSE: NZ shares rise; Contact, Genesis gain

Thursday, 12 March 2015, 5:32 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand shares rose, paced by Contact Energy and Genesis Energy after high-dividend paying stocks were made more attractive by the prospect of low interest rates staying in place for at least the next two years. Metro Performance ... More >>

NZ dollar gains as RBNZ's Wheeler upbeat on local outlook

Thursday, 12 March 2015, 5:14 pm | BusinessDesk

March 12 (BusinessDesk) - The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a healthier state and not in the same boat as the 24 other central banks that ... More >>

DB forecasts cider sales to double in the next five years

Thursday, 12 March 2015, 5:13 pm | BusinessDesk

March 12 (BusinessDesk) - DB Breweries chief executive Andy Routley is forecasting cider sales in New Zealand to double in the next five years to about 12 percent the size of the beer market. More >>

RESEND: RBNZ reviews 4.5% 'neutral' monetary policy setting

Thursday, 12 March 2015, 3:11 pm | BusinessDesk

March 12 (BusinessDesk) - The Reserve Bank is reviewing its 4.5 percent assumption for a neutral official cash rate setting as globally low inflation feeds into the local economy through the exchange rate. More >>

RBNZ reviewing 4.5% 'neutral' monetary policy setting

Thursday, 12 March 2015, 3:00 pm | BusinessDesk

TVNZ expects to resume dividends in 2016, pick up in ads

Thursday, 12 March 2015, 2:44 pm | BusinessDesk

March 12 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, expects to resume dividend payments in 2016, having gained approvals to halt payments in fiscal 2014 to halt payments while refurbishing its main building on Auckland’s ... More >>

NZ house prices rise 3.6% in February

Thursday, 12 March 2015, 2:43 pm | BusinessDesk

NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices More >>

ComCom expects final draft on Chorus copper pricing in May

Thursday, 12 March 2015, 1:40 pm | BusinessDesk

March 12 (BusinessDesk) - The Commerce Commission expects the final draft determination around Chorus's pricing of its regulated telecommunications copper network in May, with the final decision due in September. More >>

Communications Minister Adams rolls out plan to extend UFB

Thursday, 12 March 2015, 12:04 pm | BusinessDesk

March 12 (BusinessDesk) - Communications Minister Amy Adams today made good on an election year pledge to extend the government's ultrafast broadband fibre network to more regions, and expand its rural connectivity offerings. More >>

NZ food prices decline in February, led by fruit, veges

Thursday, 12 March 2015, 11:37 am | BusinessDesk

March 12 (BusinessDesk) - New Zealand food prices fell in February, led by seasonal declines in fruit and vegetables and lower meat prices. More >>

FMA warns Wellington brokerage over late audit

Thursday, 12 March 2015, 10:43 am | BusinessDesk

March 12 (BusinessDesk) - The Financial Markets Authority, the capital markets regulator, has issued a formal warning to MSL Capital Markets after the Wellington brokerage's late audit of its system to meet anti-money laundering legislation. More >>

Callaghan quizzed over 'failures,' grants to foreign firms

Thursday, 12 March 2015, 10:17 am | BusinessDesk

March 12 (BusinessDesk) - Callaghan Innovation, the government backed innovation hub, faced questions this week from opposition MPs about why it had funded companies that subsequently failed and gave grants to unprofitable subsidiaries of wealthy ... More >>

NZ dollar jumps more than 1 US ct on RBNZ rate view

Thursday, 12 March 2015, 10:08 am | BusinessDesk

NZ dollar jumps more than 1 US cent after RBNZ said rates could go 'up or down' More >>

Tepid inflation raises spectre of lower interest rates

Thursday, 12 March 2015, 9:10 am | BusinessDesk

March 12 (BusinessDesk) - Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says. More >>

Cheap oil to boost NZ national income by $2.4B a year: RBNZ

Thursday, 12 March 2015, 9:09 am | BusinessDesk

Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says More >>

RBNZ’s Wheeler keeps OCR on hold, no rate hikes ahead

Thursday, 12 March 2015, 9:07 am | BusinessDesk

March 12 (BusinessDesk) - The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where ... More >>