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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 885]
FMA focus on 7 market risks, including insurance mis-selling
Thursday, 11 December 2014, 11:58 am | BusinessDesk
Dec. 10 (BusinessDesk) - The Financial Markets Authority has seen an increasing number of complaints regarding insurance sales and is undertaking more work to assess the size of the mis-selling problem. More >>
CORRECT: GeoOp posts wider 1H loss as it chases growth
Thursday, 11 December 2014, 11:49 am | BusinessDesk
Dec. 11 (BusinessDesk) - GeoOp, the small business app developer, widened its first-half loss as it spent more on product development and sales to chase global growth. More >>
NZ food prices fall in November, led by cheaper veges
Thursday, 11 December 2014, 11:22 am | BusinessDesk
Dec. 11 (BusinessDesk) - New Zealand food prices fell in November, following no change in October, led by cheaper spring time vegetables and cheese prices. More >>
Fonterra will collect milk from non shareholder for 1st time
Thursday, 11 December 2014, 10:34 am | BusinessDesk
Dec. 11 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, will start sourcing milk from suppliers who are not also shareholders through a new milk sourcing subsidiary, mymilk, for the first time in its 13-year history. More >>
UPDATE: RBNZ’s Wheeler keeps rate hikes on table
Thursday, 11 December 2014, 10:34 am | BusinessDesk
UPDATE: RBNZ’s Wheeler keeps rate hikes on table even with softer outlook; kiwi jumps More >>
Xero reaches 400,000 global customers
Thursday, 11 December 2014, 10:15 am | BusinessDesk
Dec. 11 (BusinessDesk) - Xero, the cloud-based accounting software firm, says it has more than 400,000 customers globally and is "back on track" in its key US market. More >>
GeoOp posts wider first-half loss as it chases global growth
Thursday, 11 December 2014, 9:41 am | BusinessDesk
Dec. 11 (BusinessDesk) - GeoOp, the small business app developer, widened its first-half loss as it spent more on product development and sales to chase global growth. More >>
NZX strengthens oversight of conflicts
Thursday, 11 December 2014, 9:37 am | BusinessDesk
Dec. 11 (BusinessDesk) - NZX will establish a new board committee to oversee the way New Zealand’s financial markets operator manages conflicts. More >>
RBNZ’s Wheeler says future rate hikes to come at 'later stag
Thursday, 11 December 2014, 9:11 am | BusinessDesk
RBNZ’s Wheeler says future rate hikes to come at 'later stage', keeps OCR unchanged More >>
Tame NZ inflation expectations may still be too high: RBNZ
Thursday, 11 December 2014, 9:07 am | BusinessDesk
Dec. 11 (BusinessDesk) - Tame expectations for increases in New Zealand consumer price increases could still be too high, and the Reserve Bank is reviewing the way it assesses non-tradable inflation, which has undershot its estimates. More >>
NZ dollar gains amid yen strength ahead of RBNZ rate review
Thursday, 11 December 2014, 8:16 am | BusinessDesk
Dec. 11 (BusinessDesk) - The New Zealand dollar gained as investors eschewed riskier assets in favour of the safe-haven yen while locally, traders await the Reserve Bank decision on interest rates this morning. More >>
While you were sleeping: Oil sends stocks lower
Thursday, 11 December 2014, 7:57 am | BusinessDesk
Dec. 11 (BusinessDesk) - Equities on Wall Street and in Europe fell with oil prices after OPEC downgraded its forecast for 2015 global demand to the lowest level in 12 years, while Saudi Arabia’s oil minister maintained the nation’s resistance ... More >>
MetroGlass to join NZX 50, replacing OceanaGold
Wednesday, 10 December 2014, 5:35 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, will join the stock market's benchmark index later this month, replacing gold miner OceanaGold Corp. More >>
MARKET CLOSE: NZ shares fall paced by Fletcher, Sky TV
Wednesday, 10 December 2014, 5:31 pm | BusinessDesk
MARKET CLOSE: NZ shares fall paced by Fletcher, Sky TV; Spark gains on price hike More >>
NZ dollar pares gain after Fonterra cuts forecast payout
Wednesday, 10 December 2014, 5:05 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar pared its gain after Fonterra Cooperative Group cut its forecast payout to farmers, and ahead of tomorrow's Reserve Bank meeting, where the central bank is expected to cut its track for future interest rate hikes. More >>
Matakina Technology raises $5.5 mln for export push
Wednesday, 10 December 2014, 4:38 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Matakina Technology, a Wellington-based medical technology company, has raised $5.5 million from high net worth individuals and fund managers in Australian and New Zealand, including the Milford Active Growth Fund. More >>
Chatham Rock among 15 companies given Callaghan R&D grants
Wednesday, 10 December 2014, 4:30 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Chatham Rock Phosphate, whose business case hangs on gaining a marine consent to mine phosphate nodules off the sea bed east of New Zealand, is among 15 companies to gain research and development grants from Callaghan Innovation. More >>
Bunnings triples annual profit in NZ
Wednesday, 10 December 2014, 3:38 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products. More >>
DNZ sells Hamilton property for $12.4 million
Wednesday, 10 December 2014, 3:22 pm | BusinessDesk
Dec. 10 (BusinessDesk) - DNZ Property Fund, the listed property investor, sold an industrial site in Hamilton for $12.4 million, with the funds going into its Westgate Mall project. More >>
Govt to keep joint and several liabilty
Wednesday, 10 December 2014, 2:48 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The government plans to keep the existing rules governing how multiple defendants are treated in the legal system, though wants officials to have a look at certain areas to see if they need some tweaking. More >>
