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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 869]
NZ dollar falls on weakening global outlook
Tuesday, 20 January 2015, 5:21 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar fell after new data showed the slowest Chinese economic growth in 24 years and the International Monetary Fund revised downwards its global growth forecasts. More >>
UPDATE: NZ Refining shares climb to 22-month high
Tuesday, 20 January 2015, 12:39 pm | BusinessDesk
Jan. 20 (BusinessDesk) - Shares of New Zealand Refining climbed to a 22-month high after the Marsden Point refinery operator flagged a return to annual profit in 2014 after widening margins, cheaper crude oil and a favourable exchange rate turned around ... More >>
UPDATE: HSBC economist Bloxham sees OCR at 4.5% in 2016
Tuesday, 20 January 2015, 12:33 pm | BusinessDesk
Jan. 20 (BusinessDesk) - HBSC chief economist Paul Bloxham is picking the Reserve Bank will lift the official cash rate by 25 basis points to 3.75 percent in the last quarter of the year due to inflationary pressures and by 100 basis points to 4.5 ... More >>
NZ business confidence strong, profitability weak: QSBO
Tuesday, 20 January 2015, 10:29 am | BusinessDesk
Jan. 20 (BusinessDesk) - New Zealand business confidence remains at historically high levels, but profitability remains weak as firms lack confidence to push up prices in spite of comparative economic buoyancy, according to the latest quarterly survey ... More >>
HSBC's Bloxham predicts another strong NZ performance
Tuesday, 20 January 2015, 10:10 am | BusinessDesk
Jan. 20 (BusinessDesk) - Paul Bloxham, the HSBC economist who coined the phrase 'rock star economy' for New Zealand’s economic growth last year, is forecasting the country will remain one of the strongest performing developed economies in 2015. More >>
NZ Refining anticipates FY profit
Tuesday, 20 January 2015, 9:38 am | BusinessDesk
Jan. 20 (BusinessDesk) - New Zealand Refining, which operates the Marsden Point refinery, will report an annual profit in 2014 after widening margins, cheaper crude oil and a favourable exchange rate turned around the company's performance from the middle ... More >>
NZF reverse listing documents up to three weeks away
Tuesday, 20 January 2015, 9:32 am | BusinessDesk
Jan. 20 (BusinessDesk) - NZF Group says plans for Inventory Technologies to use the listed financial services shell for a reverse listing on the NZX are up to three weeks away as it finalises documentation and applications to regulators. More >>
OceanaGold 2014 gold, copper production beats expectations
Tuesday, 20 January 2015, 9:11 am | BusinessDesk
Jan. 20 (BusinessDesk) - OceanaGold, which operates the Macraes goldfield in Otago, beat copper and gold production expectations in 2014 as its Didipio operation in the Philippines exceeded forecasts, and the mining company anticipates that higher ... More >>
US identity theft ring investigation to use Wynyard software
Tuesday, 20 January 2015, 8:47 am | BusinessDesk
Jan. 19 (BusinessDesk) - Wynyard Group's advanced crime analytics software will be used to help 92 US law enforcement agencies tackle a nationwide identity theft ring that's estimated to have stolen millions of dollars in at least 34 states. More >>
NZ dollar falls against euro as ECB meeting looms
Tuesday, 20 January 2015, 8:41 am | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar declined against the euro after touching record highs over the weekend, amid speculation an expected quantitative easing programme by the European Central Bank this week may not be as large as anticipated. More >>
While you were sleeping: Gearing up for ECB QE
Tuesday, 20 January 2015, 7:33 am | BusinessDesk
Jan. 20 (BusinessDesk) - European stocks gained amid bets the European Central Bank will announce a bond purchase program this week, while oil dropped after Iraq said it produced a record amount of crude and Iran said it would survive a slump to US$25 ... More >>
NZ dollar edges up
Monday, 19 January 2015, 5:48 pm | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar edged up ahead of business confidence and inflation figures in coming days, as investors gauge the strength of local economy in the lead-up to Thursday's European Central Bank meeting, which is likely to unveil ... More >>
MARKET CLOSE: NZ shares rise as Hallenstein boosts retailers
Monday, 19 January 2015, 5:34 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand shares rose after a strong Christmas trading update by clothing chain Hallenstein Glasson lifted demand for other retailers, including Kathmandu Holdings. Spark New Zealand paced gains as investors continued to seek ... More >>
NZ winegrowers baulk as MPI looks to claw back testing costs
Monday, 19 January 2015, 3:21 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand winegrowers say changes to the way the Ministry for Primary Industries wants to recover the cost of its wine regulatory programmes will cost the industry $2.9 million a year and are "manifestly unjustifiable". More >>
UPDATE: Hallenstein shares rise to year high
Monday, 19 January 2015, 2:01 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Shares of Hallenstein Glasson rose to a year high after the retail chain said it expects first-half earnings to rise by about a third after robust Christmas trading with positive growth continuing through January. More >>
RMA reforms to be outlined Wednesday: Nick Smith
Monday, 19 January 2015, 11:50 am | BusinessDesk
Jan. 19 (BusinessDesk) - Environment Minister Nick Smith will this week outline the approach and timing for a further attempt to reform the Resource Management Act after minor parties blocked a bill from progressing in the last Parliament because of its ... More >>
NZ dollar set to gain vs. yen in 2015; exporters wary
Monday, 19 January 2015, 11:00 am | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar is expected to gain the most against the Japanese yen this year, providing a significant headwind for buttercup squash exporters in their largest market, following an 8.5 percent rise in the cross-rate ... More >>
NZ employment confidence dims in December quarter
Monday, 19 January 2015, 10:32 am | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealanders were more downcast about their job and earnings prospects in the December quarter as falling commodity prices weighed on rural economies and seeped into the cities, according to the Westpac McDermott Miller employment ... More >>
Simon Power leaves board as NZX completes SuperLife buy
Monday, 19 January 2015, 9:22 am | BusinessDesk
Jan. 19 (BusinessDesk) - Former Cabinet Minister Simon Power will resign from the NZX board to avoid any conflict of interest as the stock market operator completes its acquisition of SuperLife to expand its funds management business. More >>
Pyne Gould fined, censured over late annual report
Monday, 19 January 2015, 9:17 am | BusinessDesk
Jan. 19 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has been fined and censured over the delayed release of its annual report, which was tagged by auditor PwC over the firm's inability to ... More >>
