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BusinessDesk - Latest News [Page 876]

NZ dollar rises to 7-yr high vs. yen amid Abenomics stimulus

Tuesday, 30 December 2014, 8:43 am | BusinessDesk

Dec. 30 (BusinessDesk) - The New Zealand dollar rose to a seven-year high against the yen after the Japanese government approved a stimulus package at the weekend that weakened its currency. More >>

While you were sleeping: Fresh US records, Greek elections

Tuesday, 30 December 2014, 7:39 am | BusinessDesk

Dec. 30 (BusinessDesk) - Wall Street advanced, pushing the S&P 500 to a record high, as investors remained optimistic about the strength of the US economy. More >>

MARKET CLOSE: NZ shares rise in light trading, led by Xero

Monday, 29 December 2014, 5:47 pm | BusinessDesk

Dec. 29 (BusinessDesk) - New Zealand shares rose to a record close in light holiday trading, led by companies that have been sold off in recent months, including Xero and Nuplex Industries. Infratil declined after it announced plans to buy Australian ... More >>

NZ dollar holds gains vs. A$, may become over-stretched

Monday, 29 December 2014, 5:22 pm | BusinessDesk

Dec. 29 (BusinessDesk) - The New Zealand dollar held its gains against the Australian dollar, trading near a nine-year high, although some traders said the kiwi is starting to look over-valued against its nearest neighbour and talk of parity may be premature. More >>

Qantas lifts revenue from busier trans-Tasman routes

Monday, 29 December 2014, 3:57 pm | BusinessDesk

Dec. 29 (BusinessDesk) - Qantas Airways, Australia biggest airline, lifted revenue on trans-Tasman routes by 18 percent last year amid increased traffic flows. More >>

YEAR IN REVIEW: NZ economy rocks on as milk's star fades

Monday, 29 December 2014, 3:52 pm | BusinessDesk

Dec. 29 (BusinessDesk) - 2014 was a year of the rockstar economy where New Zealand was a top performer compared to other OECD countries with an annualised GDP growth rate of 3.5 percent while inflation remained in check. More >>

Wellington shortlists three bidders for commuter rail

Monday, 29 December 2014, 3:45 pm | BusinessDesk

Dec. 29 (BusinessDesk) - Greater Wellington Regional Council has for the first time short listed three potential bidders to operate and maintain its rail services for a term which could span 15 years and potentially be worth hundreds of millions of ... More >>

Pengxin's Milk NZ unit triples annual sales, profit

Monday, 29 December 2014, 3:43 pm | BusinessDesk

Dec. 29 (BusinessDesk) - Shanghai Pengxin's Milk New Zealand Holding unit tripled its sales and profit last year after acquiring a controlling interest in Canterbury-based Synlait Farms and agreeing to extend its land holdings with farm acquisitions in ... More >>

UPDATE: Infratil, NZ Super Fund buy RetireAustralia

Monday, 29 December 2014, 1:25 pm | BusinessDesk

Dec. 29 (BusinessDesk) - Infratil and the New Zealand Superannuation Fund will buy Australia's fourth-biggest retirement village operator RetireAustralia for A$640.2 million to tap into the ageing demographic and underutilised sector across the Tasman. More >>

Transfield settles tax dispute over convertible notes

Monday, 29 December 2014, 11:52 am | BusinessDesk

Dec. 29 (BusinessDesk) - ASX-listed Transfield Services' New Zealand unit is the latest company to join a growing list of firms cutting deals with the Inland Revenue Department over the use of mandatory convertible notes, a popular way to finance ... More >>