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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 861]
NZ Dollar Outlook: Kiwi may remain range-bound this week
Monday, 9 February 2015, 1:04 pm | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar may be range bound this week as a lack of local data sees its value determined by its higher relative yield in the face of a strengthening US dollar. More >>
Van Heeren's former business partner Michael Kidd seeks $25M
Monday, 9 February 2015, 12:55 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Michael Kidd, a former partner of high-flying businessman Alex van Heeren in ventures including the Huka Lodge, is seeking a $25 million interim payment in a long-running dispute over the division of assets when their 16-year ... More >>
Nufarm to consolidate European plants, take 30M euro charge
Monday, 9 February 2015, 9:32 am | BusinessDesk
Feb. 9 (BusinessDesk) - Nufarm, the agricultural chemicals manufacturer, will take a 30 million euro charge this year to consolidate its European manufacturing operations. More >>
Enprise buys Global Bizpro for $750,000
Monday, 9 February 2015, 9:19 am | BusinessDesk
Feb. 9 (BusinessDesk) - Enprise Group has bought MYOB EXO practice Global Bizpro for up to $750,000 including earnouts, in the accounting software reseller first acquisition since it debuted on the NZAX in December. More >>
NZ dollar declines on upbeat US jobs data
Monday, 9 February 2015, 8:20 am | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar declined as the greenback strengthened after a key measure of the US labour market printed better than expected, bolstering optimism that a US economic recovery will lead to higher interest rates this year. More >>
World Week Ahead: US economy accelerates
Monday, 9 February 2015, 7:36 am | BusinessDesk
Feb. 9 (BusinessDesk) - Further evidence of the strong US labour market and a rebound in the price of oil has bolstered the mood on Wall Street as investors await more corporate earnings as well as the outcomes of meetings of Group of 20 leaders and ... More >>
While you were sleeping: Pfizer deal, oil lift Wall Street
Friday, 6 February 2015, 7:57 am | BusinessDesk
Feb. 6 (BusinessDesk) - Wall Street gained along with the price of oil and shares of Pfizer after it agreed to buy Hospira for about US$15 billion, while the latest US jobs data offered more evidence of strength in the American economy. More >>
MARKET CLOSE: NZ shares close at new record
Thursday, 5 February 2015, 5:41 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand shares rose for a fourth day, closing at a new record, as a lack of profit warnings ahead of the earnings season reinforced confidence in a market that offers high dividend yields in a world of low interest rates. Heartland ... More >>
NZ dollar holds near 3-wk high vs. A$ as US payrolls loom
Thursday, 5 February 2015, 5:40 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar held near a three-week high against the Australian dollar and remained elevated against the greenback as traders await US non-farm payrolls for further evidence of growth in the world's biggest economy. More >>
ANZ sees farmgate milk price at $4.50-to-$4.70/kgMS
Thursday, 5 February 2015, 3:29 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand's farmgate milk price may be $4.50-to-$4.70 per kilogram of milk solids for the 2014/2015 season with dairy incomes a key downside risk for the economy, Australia & New Zealand Banking Group's AgriFocus report ... More >>
Lamb wool prices close to 4-year high on China demand
Thursday, 5 February 2015, 1:10 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand lamb wool prices jumped to their highest level in almost four years at auction yesterday on increased demand for the apparel fibre. More >>
Coleman asks lower North Island DHBs why Aotea quit tender
Thursday, 5 February 2015, 9:53 am | BusinessDesk
Feb. 5 (BusinessDesk) - Health Minister Jonathan Coleman has asked the three lower North Island district health boards seeking to merge their pathology lab testing for an explanation after one of two bidders for the contract walked away from the ... More >>
NZ dollar touches 3-week high vs. Aussie on rate tracks
Thursday, 5 February 2015, 8:46 am | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar hit a three-week high against the Aussie after New Zealand's Reserve Bank reiterated that interest rates are expected to remain on hold for "some time", in the same week that Australia cut ... More >>
While you were sleeping: Walt Disney, Whirlpool climb
Thursday, 5 February 2015, 7:33 am | BusinessDesk
Feb. 5 (BusinessDesk) - Wall Street was mixed as gains in shares of Walt Disney on better-than-expected earnings offset declines in shares of Merck on disappointing results, while oil resumed its downward move amid record US inventories. More >>
MARKET CLOSE: NZ shares increase as oil price recovers
Wednesday, 4 February 2015, 5:55 pm | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand shares edged up as the ongoing recovery in oil prices stoked investors' demand for worldwide equity markets. Rubber goods maker Skellerup Holdings led the local market higher. More >>
NZ dollar rises after WMP gains, Wheeler downplays rate-cut
Wednesday, 4 February 2015, 5:33 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The New Zealand dollar rose against most major currencies after the price of whole milk powder jumped in the latest auction, sentiment for the greenback waned and Reserve Bank governor Graeme Wheeler said keeping interest ... More >>
UPDATE: Stalled EQC review leaves global reinsurers unclear
Wednesday, 4 February 2015, 2:04 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The government review of the Earthquake Commission's funding and policy structures is leaving global reinsurers uncertain as they try to assess the risk profile posed by natural disasters in New Zealand after the Christchurch ... More >>
Wheeler says keeping interest rates on hold ‘prudent'
Wednesday, 4 February 2015, 1:16 pm | BusinessDesk
Feb. 4 (BusinessDesk) - Reserve Bank governor Graeme Wheeler acknowledged calls to cut interest rates, given the tumbling price of crude oil, before arguing that keeping rates on hold was the most prudent option given the potential for domestic inflation ... More >>
UPDATE: NZ jobs data supports picture of strong economy
Wednesday, 4 February 2015, 11:57 am | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand employment data showed a record number of people entered the workforce in the fourth quarter and the participation rate reached an all-time high, yet wage inflation was mild, leaving the economy in a sweet spot of ... More >>
Stalled EQC policy review leaves global reinsurers uncertain
Wednesday, 4 February 2015, 11:42 am | BusinessDesk
Feb. 4 (BusinessDesk) - The long-running government review of the Earthquake Commission's funding and policy structures is one of major challenges facing global insurers as they try to assess the risk profile posed by natural disasters in New Zealand after ... More >>
