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BusinessDesk - Latest News [Page 863]

NZ dollar climbs from 4-year low before RBA, dairy auction

Monday, 2 February 2015, 5:29 pm | BusinessDesk

Feb. 2 (BusinessDesk) - The New Zealand dollar rose from a four-year low ahead of key data that may provide more insight into the relative strength of the nation's economy compared to its trading partners. More >>

LGNZ suggests new taxes, govt support to bridge spending gap

Monday, 2 February 2015, 4:45 pm | BusinessDesk

Feb. 2 (BusinessDesk) - New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central government levies, according to a discussion paper from their national body. More >>

RESEND: NZ Dollar Outlook: Kiwi may continue decline

Monday, 2 February 2015, 2:55 pm | BusinessDesk

Feb. 2 (BusinessDesk) - The New Zealand dollar, which fell to a four-year low after the Reserve Bank last week dropped its tightening bias and opened the door to possible rate cuts, may continue its decline this week. More >>

NZ Dollar Outlook: Kiwi may continue decline

Monday, 2 February 2015, 2:22 pm | BusinessDesk

SFO charges four men over pokies fraud

Monday, 2 February 2015, 2:04 pm | BusinessDesk

Feb. 2 (BusinessDesk) - The Serious Fraud Office has charged four men, including former Harness Racing New Zealand chairman Pat O'Brien, over an alleged multi-million gaming machine fraud after a multi-agency investigation. More >>

JB Hi-Fi's NZ first-half sales, earnings fall

Monday, 2 February 2015, 12:50 pm | BusinessDesk

Feb. 2 (BusinessDesk) - JB Hi-Fi's New Zealand sales and earnings fell in the first half of the financial year in what the Australian discount consumer electronics chain says is a "very competitive" market. More >>

UPDATE: Kathmandu shares slump on profit warning

Monday, 2 February 2015, 11:34 am | BusinessDesk

Feb. 2 (BusinessDesk) - Kathmandu Holdings stock slumped 19 percent to a two-and-a-half year low after the outdoor goods retailer said Christmas and January trading lagged behind expectations, resulting in a first-half loss. More >>

Abano withdraws from lower North Island DHB pathology tender

Monday, 2 February 2015, 11:07 am | BusinessDesk

Feb. 2 (BusinessDesk) - Abano Healthcare, the specialist medical investment firm, has quit its bid for pathology work across the lower North Island, saying the terms of the contract on offer weren't workable, and is reviewing the cost the loss of ... More >>

David McLean gets top job at Westpac NZ

Monday, 2 February 2015, 11:02 am | BusinessDesk

Feb. 2 (BusinessDesk) - Westpac Banking Corp has appointed David McLean as chief executive of its New Zealand unit, a position he has held in an acting capacity since August last year. More >>

Kathmandu shares slump to 2 1/2 year low on news of loss

Monday, 2 February 2015, 11:00 am | BusinessDesk

Kathmandu shares slump to 2 1/2 year low on news of first-half loss More >>

FMA looking into Pyne Gould's 2014 'profit'

Monday, 2 February 2015, 10:54 am | BusinessDesk

FMA looking into Pyne Gould's accounts after company says most of 2014 profit wasn't received More >>

Synlait cuts market milk price to $4.40/kgMS

Monday, 2 February 2015, 10:33 am | BusinessDesk

Feb. 2 (BusinessDesk) - Synlait Milk, the listed dairy processor, has today cut its forecast market milk price for the 2014/2015 season along with a corresponding decrease in advance rates to farmers due to depressed global dairy prices. More >>

Xero says customer sales rise 79% in first 9 months of FY15

Monday, 2 February 2015, 9:51 am | BusinessDesk

Feb. 2 (BusinessDesk) - Xero, the cloud-based accounting firm, said customer sales are tracking 79 percent ahead of the year earlier in the first nine months of its financial year, in line with its revenue growth forecasts. More >>

NZ dollar weakens as Chinese manufacturing slows

Monday, 2 February 2015, 8:32 am | BusinessDesk

Feb. 2 (BusinessDesk) - The New Zealand dollar touched a fresh four-year low at the weekend on concern about a slower outlook for the Chinese economy, Asia's largest and New Zealand's biggest trading partner. More >>

World Week Ahead: Manufacturing reality check

Monday, 2 February 2015, 7:53 am | BusinessDesk

Feb. 2 (BusinessDesk) - Global manufacturing data and January’s US jobs report will draw investors’ focus in the coming days, along with more quarterly results including from Exxon Mobil today and General Motors on Wednesday. On the weekend, ... More >>

MARKET CLOSE: NZ shares fall a second day as dollar weakens

Friday, 30 January 2015, 6:03 pm | BusinessDesk

Jan. 30 (BusinessDesk) - New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks such as Spark New Zealand and MightyRiverPower. Orion Health Group and Wynyard Group ... More >>

NZ dollar heads for 2.1% weekly drop on RBNZ's neutral bias

Friday, 30 January 2015, 5:33 pm | BusinessDesk

Jan. 30 (BusinessDesk) - The New Zealand dollar is headed for a 2.1 percent weekly decline against the US dollar, having hit a four-year low after the Reserve Bank yesterday removed its bias for higher interest rates, saying the benchmark rate could ... More >>