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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 862]
Vocus and Spark form construction joint venture for fibre
Wednesday, 4 February 2015, 11:00 am | BusinessDesk
Feb. 4 (BusinessDesk) - Vocus Communications, the Australian fibre network and datacentre company, has entered into an agreement with kiwi telco Spark New Zealand to form a new construction joint venture, Connect 8. More >>
NZ jobless rate rises to 5.7% in 4th-qtr
Wednesday, 4 February 2015, 10:53 am | BusinessDesk
NZ jobless rate rises to 5.7% in 4th-qtr, participation rate hits record as more enter workforce More >>
Auckland January house prices slip from December's record
Wednesday, 4 February 2015, 10:47 am | BusinessDesk
Feb. 4 (BusinessDesk) - Auckland house prices edged lower in January from record levels the previous month as sales volumes steadied during the summer holiday period, according to the city's largest real estate agency. More >>
NZX January trading volume drops, value edges up
Wednesday, 4 February 2015, 9:09 am | BusinessDesk
Feb. 4 (BusinessDesk) - The volume of cash trading on New Zealand's share market dropped in January from a year earlier, in what's typically a quiet month, though the value of trading edged up. More >>
NZ dollar jumps almost 2 US cents after milk prices rise
Wednesday, 4 February 2015, 8:36 am | BusinessDesk
NZ dollar jumps almost 2 US cents after whole milk powder prices rise in GDT auction More >>
While you were sleeping: Oil rally continues
Wednesday, 4 February 2015, 7:47 am | BusinessDesk
Feb. 4 (BusinessDesk) - Equities on both sides of the Atlantic advanced with oil prices and optimism about the potential for a debt agreement between the European Union and the new anti-austerity government of Greece. More >>
Dairy product prices climb, lifted by whole milk powder
Wednesday, 4 February 2015, 7:01 am | BusinessDesk
Feb. 3 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, led by a larger-than-expected jump in the price of whole milk powder. More >>
MARKET CLOSE: NZ shares rise as RBA rate cut stokes demand
Tuesday, 3 February 2015, 5:42 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand shares gained after the Reserve Bank of Australia cut its cash rate to a record low, making the returns on offer in New Zealand more attractive. Stocks with relatively high dividend yields led gainers, including Meridian ... More >>
NZ dollar drops vs. US, gains vs. Aussie after RBA cut
Tuesday, 3 February 2015, 5:32 pm | BusinessDesk
NZ dollar drops vs. greenback, gains vs. Aussie after RBA cuts key rate to 2.25% More >>
RBA cuts key rate to 2.25% citing weak domestic demand
Tuesday, 3 February 2015, 5:14 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The Reserve Bank of Australia cut its cash rate to a record low, saying weak domestic demand and tame inflation in the face of falling crude oil prices will keep output growth below trend for longer. The Australian dollar ... More >>
MetroGlass rated 'buy' on upbeat outlook by Craigs
Tuesday, 3 February 2015, 2:57 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Metro Performance Glass, which listed on the NZX last year, has been rated a 'buy' by Craigs Investment Partners, which coverage last month. More >>
NZ commodity prices fall 0.9% in January, extending decline
Tuesday, 3 February 2015, 1:12 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand commodity prices fell in January, extending their 12-month slide to about 19 percent, led by casein, wool, beef and aluminium. More >>
SkyCity cut to 'sell' by Craigs, citing lack of returns
Tuesday, 3 February 2015, 12:50 pm | BusinessDesk
Feb. 3 (BusinessDesk) - SkyCity Entertainment Group was downgraded to 'sell' from 'hold' by Craigs Investment Partners, reflecting that the brokerage doesn't expect shares in New Zealand’s only listed casino company to offer a return in the next ... More >>
NZ property value annual growth accelerates in January
Tuesday, 3 February 2015, 12:00 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand's residential property values grew at a faster annual pace in January as a shortage of houses for sale in Auckland continued to fan the flames of a hot property market. More >>
Wellington's CentrePort seeks to join big-league ports
Tuesday, 3 February 2015, 11:23 am | BusinessDesk
Wellington's CentrePort seeks to join big-league ports, dredging for 8,000 TEU ships More >>
NZ new vehicle sales rose to a record in January
Tuesday, 3 February 2015, 9:48 am | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand new vehicle sales, which rose to a record last year, have continued the upbeat trend this year, rising to a new high for a January month. More >>
Intueri to pay $1.2M for IT training institute
Tuesday, 3 February 2015, 9:06 am | BusinessDesk
Feb. 3 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, agreed to buy the Information Technology Training Institute for $1.2 million to add sought after IT training to its offering. More >>
NZ dollar little changed vs. Aussie ahead of RBA decision
Tuesday, 3 February 2015, 8:35 am | BusinessDesk
Feb. 3 (BusinessDesk) - The New Zealand dollar was little changed against its Australian counterpart ahead of the Reserve Bank of Australia's meeting today amid expectations Australia may cut interest rates. More >>
While you were sleeping: Oil extends rebound
Tuesday, 3 February 2015, 7:46 am | BusinessDesk
Feb. 3 (BusinessDesk) - Disappointing US manufacturing and consumer spending data weighed on equities, offsetting a rebound in energy stocks along with oil prices. More >>
MARKET CLOSE: NZ shares resume rally led by MRP; KMD drops
Monday, 2 February 2015, 5:57 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand shares rose, heading back toward a record high after a two-day slide, as investors regained their appetite for companies offering relatively attractive, dependable dividend yields, such as MightyRiverPower and Spark ... More >>
