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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 873]
NZ dollar flip flops as investors mull US jobs data
Monday, 12 January 2015, 8:39 am | BusinessDesk
Jan. 12 (BusinessDesk) - The New Zealand dollar was volatile over the weekend as investors initially bought the greenback when US jobs growth numbers beat expectations, but then sold it again on concern that the lack of wage inflation may deter the Federal ... More >>
World Week Ahead: US earnings, retail sales
Monday, 12 January 2015, 7:59 am | BusinessDesk
Jan. 12 (BusinessDesk) - Investors await the start of the fourth-quarter US corporate reporting season, including results from Alcoa and JPMorgan Chase, as well as US retail sales, to bolster their confidence in the outlook after December’s mixed ... More >>
MARKET CLOSE: NZ shares join global rally; Trade Me gains
Friday, 9 January 2015, 5:41 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand shares rose, paced by Trade Me Group and Kiwi Property Group, joining a global rally on speculation US interest rates will remain low. Construction companies Fletcher Building and Steel & Tube Holdings gained ... More >>
Fonterra gains Chinese approvals for Beingmate deal
Friday, 9 January 2015, 5:22 pm | BusinessDesk
Jan. 9 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, has been granted antitrust and foreign investment approval by the Chinese Ministry of Commerce to take a 20 percent stake in China's Beingmate Baby & Child Food ... More >>
NZ dollar heads for 1.7% weekly gain as oil prices slow slid
Friday, 9 January 2015, 5:09 pm | BusinessDesk
NZ dollar heads for 1.7% weekly gain as oil prices slow slide; US payrolls loom More >>
NZ dairy farmers anticipate irrigation restrictions
Friday, 9 January 2015, 4:50 pm | BusinessDesk
Jan. 9 (BusinessDesk) - Dairy farmers on the South Island's east coast are anticipating restrictions on irrigation as dry weather begins to impact production, according to Fonterra Cooperative Group. More >>
NZ wool prices fall on high seasonal supply, strong currency
Friday, 9 January 2015, 3:29 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, declined 3 percent at the latest auction as high seasonal supply and a strong local currency weighed on prices. More >>
NZ residential building consents rise to 7-year high in Nov
Friday, 9 January 2015, 11:34 am | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand residential building consents rose to a seven-year high in November, led by Auckland and Canterbury. More >>
A2 calls special meeting to rewrite constitution
Friday, 9 January 2015, 9:49 am | BusinessDesk
Jan. 9 (BusinessDesk) - A2 Milk Co, which markets milk with a protein variant said to have health benefits, is calling a special meeting to change its constitution to shrink the number of New Zealand-based directors required and allow for a bigger ... More >>
Michael Hill lifts first-half sales on North American growth
Friday, 9 January 2015, 8:52 am | BusinessDesk
Jan. 9 (BusinessDesk) - Michael Hill International, the jewellery chain bearing the name of its founder, lifted first-half sales 3.9 percent as growth in its target North American market offset a weak Australian trading environment. More >>
NZ dollar rises to 2-1/2 year high vs. euro on Eurozone woes
Friday, 9 January 2015, 8:51 am | BusinessDesk
NZ dollar rises to 2-1/2 year high vs. euro amid weak Eurozone data More >>
NZ heading for deflation, leaving RBNZ hamstrung, BNZ says
Friday, 9 January 2015, 8:03 am | BusinessDesk
Jan. 9 (BusinessDesk) - The New Zealand economy may be in its first six-month period of deflation in more than a decade, in the face of weak crude oil prices and global over-capacity, pushing the prospects of interest rate hikes out into 2016, according ... More >>
While you were sleeping: Fed, ECB bets lift stocks
Friday, 9 January 2015, 7:40 am | BusinessDesk
Jan. 9 (BusinessDesk) - Equities on Wall Street and in Europe rallied amid indications the US Federal Reserve will refrain from raising interest rates until April, while weak German data underpinned expectations the European Central Bank will announce ... More >>
CORRECT: NZ dollar rises as traders await US employment data
Thursday, 8 January 2015, 6:06 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar gained as investors look forward to official US employment data on Friday to gauge the strength of the world's biggest economy in the face of a falling oil prices. More >>
MARKET CLOSE: NZ shares follow global markets higher
Thursday, 8 January 2015, 5:39 pm | BusinessDesk
Jan. 8 (BusinessDesk) - New Zealand share rose, led by Argosy Property, as global stocks rallied on upbeat US trade and employment data and the prospect Europe's central bank will have to print money to revive its flagging economy. Air New Zealand gained ... More >>
NZ dollar rises as traders await US employment data
Thursday, 8 January 2015, 5:16 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar gained as investors look forward to official US employment data on Friday to gauge the strength of the world's biggest economy in the face of a falling oil prices. More >>
Watson's US dairy venture to merge into iced tea maker
Thursday, 8 January 2015, 2:20 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Eric Watson, the expatriate New Zealand businessman with a fortune estimated at $400 million in the National Business Review 2014 Rich List, is changing tack with his planned US dairy farming venture, with plans to merge the ... More >>
NZX December trading volumes, values fall
Thursday, 8 January 2015, 9:26 am | BusinessDesk
Jan. 8 (BusinessDesk) - The volume and value of cash trading on New Zealand's stock exchange fell in December from a year earlier. More >>
NZ dollar rises to 21-month high vs. euro on deflation
Thursday, 8 January 2015, 8:49 am | BusinessDesk
NZ dollar rises to 21-month high vs. euro on deflation; hits new high vs. Aussie More >>
While you were sleeping: US outlook improves
Thursday, 8 January 2015, 7:40 am | BusinessDesk
Jan. 8 (BusinessDesk) - Wall Street advanced as better-than-expected US jobs and trade data underpinned optimism about the economic outlook, while in Europe the first decline in consumer prices in more than five years bolstered expectations the European ... More >>
