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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 871]
KiwiBank faces marginally lower funding costs on rating
Thursday, 15 January 2015, 3:14 pm | BusinessDesk
Jan. 15 (BusinessDesk) - KiwiBank, the state-owned lender, is likely to face marginally lower funding costs as mortgage competition heats up, following an improved credit rating by international ratings agency Fitch Ratings. More >>
Auckland underpins NZ house price increase in December
Thursday, 15 January 2015, 3:01 pm | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand house sale prices and volumes rose in December as an undersupply of available property and migration-fuelled demand in Auckland drove the national market. More >>
NZ housing market to cool in 2015, Fitch says
Thursday, 15 January 2015, 12:35 pm | BusinessDesk
NZ housing market to cool in 2015 on the prospect of higher rates, Fitch says More >>
New Zealand food prices rise slightly in December
Thursday, 15 January 2015, 11:25 am | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand food prices rose in December, following a fall in November, led by more expensive fruit and meat, while dairy products fell. More >>
NZ tractor sales rise to four decade high in 2014
Thursday, 15 January 2015, 11:10 am | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand tractor sales rose to their highest in almost four decades last year, reflecting a buoyant rural economy as farmers benefited from strong prices and good growing conditions. More >>
Moa director Ashley Waugh to take over chair from Baker
Thursday, 15 January 2015, 9:59 am | BusinessDesk
Jan. 15 (BusinessDesk) - Grant Baker is stepping down as chairman of Moa Group and will be replaced by independent director Ashley Waugh as part of the unprofitable boutique beer maker's board shuffle as it chases Australian and New Zealand sales. More >>
IkeGPS signs $500k deal with US utility
Thursday, 15 January 2015, 9:02 am | BusinessDesk
Jan. 15 (BusinessDesk) - IkeGPS, the remote measuring device developer, has signed a $500,000 contract with a US utility company, and is pursuing similar larger deals with an update expected before the end of next month. More >>
NZ dollar advances after weak US retail sales weigh
Thursday, 15 January 2015, 8:39 am | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar advanced after a weak US retail sales report for December increased speculation the Federal Reserve may delay its looming interest rate hike. More >>
While you were sleeping: Copper bites the dust
Thursday, 15 January 2015, 7:53 am | BusinessDesk
Jan. 15 (BusinessDesk) - Equities dropped as copper plunged amid concern that the global economic outlook is worsening and after a larger-than-expected drop in US retail sales. More >>
First Avatar sequel put back a year, says Cameron
Wednesday, 14 January 2015, 6:54 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The first of the three sequels to the blockbuster movie, Avatar, has been set back a year because of delays in completing the scripts, the films' director, James Cameron, told a media conference following the first meeting ... More >>
MARKET CLOSE: NZX50 rises to record led by Metlifecare
Wednesday, 14 January 2015, 5:33 pm | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand shares rose to a record, led by Metlifecare after it yesterday said it bought Auckland land as part of new planned development. Nuplex Industries paced gains on anticipation cheaper oil would benefit the business. More >>
NZ dollar falls after copper price slumps
Wednesday, 14 January 2015, 5:14 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The New Zealand dollar fell after a slump in copper prices affirmed investors' aversion to risk-sensitive assets such as the kiwi following concern over the global outlook as cheap oil stamps out inflation. More >>
Chunky Infratil trade sees 1.3% of company change hands
Wednesday, 14 January 2015, 3:27 pm | BusinessDesk
Jan. 14 (BusinessDesk) - A large trade in Infratil shares this morning has seen more than 1.3 percent of the utilities and airport investor change hands in a single trade, as the stock hovers near a seven-year high. More >>
GeoOp gets 'please explain' note over 73% share price gain
Wednesday, 14 January 2015, 12:49 pm | BusinessDesk
Jan. 14 (BusinessDesk) - GeoOp, the small business app developer, has blamed its tightly held share register after NZX Regulation questioned the stock's 73 percent jump over the past three weeks. More >>
NZ property values rise 4.9% in 2014, sales volumes dwindle
Wednesday, 14 January 2015, 12:05 pm | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand property values rose 4.9 percent last year, less than half the pace in 2013, as low-equity loan restrictions, rising interest rates, and the uncertainty of a general election saw sales volumes drop. More >>
NZ spending on credit, debit cards edges up in December
Wednesday, 14 January 2015, 11:42 am | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in December, with gains in apparel, consumables and hospitality offsetting a drop in spending on durables. More >>
Wherescape gets capital injection, IPO still on the cards
Wednesday, 14 January 2015, 10:44 am | BusinessDesk
Jan. 14 (BusinessDesk) - Wherescape, the data warehousing company, has had a fresh injection of capital from its venture capital backer Pioneer Capital, but is still considering a public listing later in the year. More >>
NZ shellfish farmers to save time, money from new toxin test
Wednesday, 14 January 2015, 10:36 am | BusinessDesk
New test for serious algal toxin threat saves time and money for NZ shellfish farmers More >>
Heartland gets looser capital requirements
Wednesday, 14 January 2015, 9:20 am | BusinessDesk
Jan. 14 (BusinessDesk) - Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, has been granted looser capital requirements by the Reserve Bank, but doesn't plan to ease back on ... More >>
NZ banks on stable footing in 2015, Fitch says
Wednesday, 14 January 2015, 8:41 am | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand's banks are expected to maintain their profit margins as the country's upbeat economic momentum continues to support their business in the coming year, according to rating agency Fitch Ratings. More >>
