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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 866]
NZ dollar retreats from 3-year low as FOMC, RBNZ awaited
Tuesday, 27 January 2015, 5:21 pm | BusinessDesk
Jan. 27 (BusinessDesk) - The New Zealand dollar rose from a three-year low as traders look ahead to the US Federal Reserve's policy meeting and a statement from the Reserve Bank to determine support for one of the world's highest yielding major currencies. More >>
A2 Milk Co changes requirements for NZ directors
Tuesday, 27 January 2015, 3:44 pm | BusinessDesk
Jan. 27 (BusinessDesk) - Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand-resident directors ahead of a planned dual listing on the ASX ... More >>
F&P Appliances subsidiary fined A$200k over warranty claims
Tuesday, 27 January 2015, 3:39 pm | BusinessDesk
Jan. 27 (BusinessDesk) - Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China's Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia. More >>
Anzco's Harrison to fund new Lincoln University chair
Tuesday, 27 January 2015, 2:02 pm | BusinessDesk
Jan. 27 (BusinessDesk) - Graeme Harrison, chairman of meat company Anzco Foods, is to fund a new professorial chair in global value chains and trade at Lincoln University, initially for a term of five years. More >>
NZ lamb wool price rises to 3-year high on increased demand
Tuesday, 27 January 2015, 1:55 pm | BusinessDesk
Jan. 27 (BusinessDesk) - New Zealand lamb wool prices rose to a three-year high last week on increased demand for the fibre from clothing manufacturers in China. More >>
NZ export log prices rise to 9-month high in January
Tuesday, 27 January 2015, 11:54 am | BusinessDesk
NZ export log prices rise to 9-month high in January as Chinese inventories fall More >>
Spark's long-term executive Chris Quin to leave in June
Tuesday, 27 January 2015, 9:21 am | BusinessDesk
Jan. 27 (BusinessDesk) - Spark New Zealand head of home, mobile and business Chris Quin, a 20-year veteran of the company and one-time contender for the top job, will leave the telecommunications company at the end of June this year. More >>
NZ dollar touches fresh 3-year low, dips below 74 US cts
Tuesday, 27 January 2015, 8:36 am | BusinessDesk
NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting More >>
While you were sleeping: Europe extends ECB advance
Tuesday, 27 January 2015, 7:09 am | BusinessDesk
Jan. 27 (BusinessDesk) - Euro-zone markets rose as investors opted to focus on the improved outlook with the European Central Bank’s new asset purchase plan rather than Greek voters handing power to the anti-bailout Syriza party. More >>
MARKET CLOSE: NZX 50 charts new record high, led by Spark
Monday, 26 January 2015, 5:46 pm | BusinessDesk
Jan. 26 (BusinessDesk) - New Zealand shares rose to a new record close as holidays in Auckland and Australia kept trading volumes light. The gains were led by companies offering relatively high dividend yields, such as Spark New Zealand. More >>
NZ dollar trades near 3-year low, fails to break below US74c
Monday, 26 January 2015, 5:30 pm | BusinessDesk
NZ dollar trades near 3-year low after failing to break below 74 US cents More >>
VMob raises $2.17 mln, signs McDonald's deal, shares soar
Monday, 26 January 2015, 4:38 pm | BusinessDesk
Jan. 26 (BusinessDesk) - VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald's rolling out its platform immediately ... More >>
New NXT market unlikely to launch until at least March
Monday, 26 January 2015, 1:18 pm | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand stock exchange's NXT growth market probably won't have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. More >>
Unlikely prospect of RBNZ rate cut rears head
Monday, 26 January 2015, 12:55 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Traders have started pricing in a small prospect of interest rate cuts this year by the Reserve Bank of New Zealand, whose forecasts have overstated the pace of inflation for two straight quarters. More >>
NZ Dollar Outlook: Kiwi may decline in volatile trading
Monday, 26 January 2015, 12:24 pm | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand dollar is headed for a volatile week marked by central bank meetings locally and in the US as investors remain wary of weak commodity prices, low inflation and amid concerns about sluggish global growth. More >>
NZ services sector activity ends 2014 on up note
Monday, 26 January 2015, 11:05 am | BusinessDesk
Jan. 26 (BusinessDesk) - New Zealand's services sector activity picked up in December, led by wholesale trade and hospitality. More >>
NZ dollar falls to 3-year low as investors favour greenback
Monday, 26 January 2015, 8:53 am | BusinessDesk
Jan. 26 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More >>
World Week Ahead: Eyes on Fed, Greece
Monday, 26 January 2015, 7:51 am | BusinessDesk
Jan. 26 (BusinessDesk) - US Federal Reserve policy makers begin a two-day meeting on Tuesday and investors will be looking for any clues on the timing of an interest rate increase even as central banks elsewhere seek to bolster the growth outlook. ... More >>
MARKET CLOSE: NZX 50 rises to a record; MRP, Meridian gain
Friday, 23 January 2015, 5:40 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand shares rose in a global rally, paced by Genesis Energy, Meridian Energy and MightyRiverPower, as investors sought income-paying investments in a globally low interest rate environment. More >>
NZ dollar heads for 3.5% weekly drop as US economy shines
Friday, 23 January 2015, 5:18 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar is heading for a 3.5 percent weekly decline against the greenback as the strength of the US economy was reinforced by Europe's central bank rolling out a bigger than expected quantitative easing package ... More >>
