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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 872]
NZ dollar falls to week low as investors shun riskier assets
Wednesday, 14 January 2015, 8:35 am | BusinessDesk
NZ dollar falls to week low as investors shun riskier assets on oil, inflation declines More >>
While you were sleeping: Alcoa lifts mood
Wednesday, 14 January 2015, 7:52 am | BusinessDesk
Jan. 14 (BusinessDesk) - Wall Street rose after better-than-expected earnings from Alcoa eased concern that the slump in oil prices and flagging economies outside of the US had shrunk American corporate profits. More >>
MARKET CLOSE: NZX50 rises to record led by Freightways
Tuesday, 13 January 2015, 5:31 pm | BusinessDesk
Jan. 13 (BusinessDesk) - The NZX 50 Index rose to a record, led by Freightways and paced by Mainfreight, as falling oil prices look set to cut costs for the courier and logistics companies. Metlifecare and Summerset Group Holdings advanced. More >>
NZ dollar buoyed by upbeat Chinese trade data
Tuesday, 13 January 2015, 5:22 pm | BusinessDesk
Jan. 13 (BusinessDesk) - The New Zealand dollar was buoyed by better than expected Chinese trade figures after plunging when investors ditched commodity-linked currencies on falling prices for raw materials. More >>
Metlifecare to buy Auckland land as part of $150 mln project
Tuesday, 13 January 2015, 4:26 pm | BusinessDesk
Jan. 13 (BusinessDesk) - Metlifecare, the retirement village operator, has entered into a conditional agreement to buy 5 hectares of land in Auckland as part of a $150 million project. More >>
CORRECT: Graham Shaw, Peter Huljich join Pushpay board
Tuesday, 13 January 2015, 2:45 pm | BusinessDesk
Jan. 13 (BusinessDesk) - Graham Shaw and Peter Huljich have joined Pushpay Holdings' board as part of the NZAX-listed mobile payment app developer's plan to graduate to the NZX mainboard. More >>
UPDATED: Allied Press takes 80% stake in Post A Note
Tuesday, 13 January 2015, 2:41 pm | BusinessDesk
Jan. 13 (BusinessDesk) - Allied Press, the privately held South Island newspaper company, has taken an 80 percent stake in Post A Note, the free online classified business, for an undisclosed amount. More >>
NZ agritech exports on a roll but still lagging peers
Tuesday, 13 January 2015, 2:26 pm | BusinessDesk
Jan. 13 (BusinessDesk) - New Zealand’s agritechnology exports, worth $1.2 billion annually, appear to be on a roll despite historically underperforming when compared to key competitors. More >>
Graham Shaw, Peter Huljich join Pushpay board
Tuesday, 13 January 2015, 1:24 pm | BusinessDesk
Jan. 13 (BusinessDesk) - Graham Shaw and Peter Huljich have joined Pushpay Holdings' board as part of the NZAX-listed mobile payment app developer's plan to graduate to the NZX mainboard. More >>
Allied Press takes 80% stake in Post A Note
Tuesday, 13 January 2015, 12:22 pm | BusinessDesk
Jan. 13 (BusinessDesk) - Allied Press, the privately held South Island newspaper company, has taken an 80 percent stake in Post A Note, the free online classified business, for an undisclosed amount. More >>
NZ dollar declines as traders back yen in commodity sell-off
Tuesday, 13 January 2015, 8:43 am | BusinessDesk
Jan. 13 (BusinessDesk) - The New Zealand dollar touched a week low against the yen as investors sought safe haven assets and eschewed commodity-linked currencies on concern about global growth. More >>
New Zealand's Reserve Bank named central bank of the year
Tuesday, 13 January 2015, 8:00 am | BusinessDesk
Jan. 13 (BusinessDesk) - The Reserve Bank of New Zealand's efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global ... More >>
While you were sleeping: Goldman Sachs down on oil
Tuesday, 13 January 2015, 7:50 am | BusinessDesk
Jan. 13 (BusinessDesk) - Wall Street fell, with shares of Exxon Mobil and Chevron leading a drop in the Dow, after analysts at Goldman Sachs cut their outlook for oil prices. More >>
MARKET CLOSE: NZ shares rise as Summerset lifts unit sales
Monday, 12 January 2015, 5:33 pm | BusinessDesk
Jan. 12 (BusinessDesk) - New Zealand shares rose, led by Summerset Group Holdings after it lifted annual sales 14 percent. Meridian Energy and MightyRiverPower paced gains as investors sought investments with high dividends. Trade Me Group fell after ... More >>
NZ dollar gains as US wage fall risks Fed rate track
Monday, 12 January 2015, 5:11 pm | BusinessDesk
Jan. 12 (BusinessDesk) - The New Zealand dollar rose as lower US wages caused investors to question how quickly the Federal Reserve will hike interest rates when it starts tightening monetary policy this year. More >>
I Measure U to launch Kickstarter campaign for running app
Monday, 12 January 2015, 3:13 pm | BusinessDesk
Jan. 12 (BusinessDesk) - I Measure U, a developer of body-movement measuring technology, is soon to launch a Kickstarter crowd-funding campaign to raise at least US$500,000 to help commercialise a consumer app for runners. More >>
RESEND: NZ Dollar Outlook: Kiwi may advance this week
Monday, 12 January 2015, 12:22 pm | BusinessDesk
Jan. 12 (BusinessDesk) - The New Zealand dollar may advance this week with little local data to provide new direction after it failed to decline following last week's US jobs data. More >>
Trade Me takes 15% stake in HarMoney for $7.7 million
Monday, 12 January 2015, 11:56 am | BusinessDesk
Jan. 12 (BusinessDesk) - Trade Me Group, New Zealand's biggest online auction site, has paid $7.7 million for a 15 percent stake in HarMoney as oart of the country's only licensed peer-to-peer lender $10 million capital-raising. More >>
NZ Dollar Outlook: Kiwi may advance in light data week
Monday, 12 January 2015, 11:41 am | BusinessDesk
Jan. 12 (BusinessDesk) - The New Zealand dollar may advance this week with little local data to provide new direction after it failed to decline following last week's US jobs data. More >>
Summerset lifts annual sales 14%, 4Q new sales at record
Monday, 12 January 2015, 9:33 am | BusinessDesk
Jan. 12 (BusinessDesk) - Summerset Group Holdings, the retirement village operator, lifted sales of annual occupation rights 14 percent last year, while its fourth quarter new sales rose to a record after opening four rest homes in the second half of 2014. More >>
