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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 89]
NZ dollar becalmed ahead of OCR decision, China-US trade
Monday, 25 March 2019, 8:44 pm | BusinessDesk
March 25 (BusinessDesk) - The New Zealand dollar is little changed ahead of the Reserve Bank’s latest official cash rate review on Wednesday. More >>
RBNZ came close to cutting rates in February: Economist
Monday, 25 March 2019, 8:43 pm | BusinessDesk
March 25 (BusinessDesk) - The Reserve Bank of New Zealand came close to cutting rates when it delivered last month’s monetary policy statement, according to UK-based economist Andrew Hunt. More >>
NZ Shareholders' Assn to back $2.56B Trade Me takeover
Monday, 25 March 2019, 6:53 pm | BusinessDesk
March 25 (BusinessDesk) - The New Zealand Shareholders' Association will back the $2.56 billion takeover of the local software company Trade Me at next week's special meeting. More >>
Richard Yan appeals $36 million Mainzeal liability
Monday, 25 March 2019, 2:14 pm | BusinessDesk
March 25 (BusinessDesk) - Richard Yan, director of failed construction company Mainzeal Group, has appealed the High Court judgment which found him liable to pay up to $36 million to creditors. More >>
Summerset secures land for new villages in Rangiora
Monday, 25 March 2019, 2:07 pm | BusinessDesk
March 25 (BusinessDesk) - Summerset Group expects to spend more than $250 million building new villages in Blenheim and Rangiora where it's secured land for development. More >>
A2 names China CEO
Monday, 25 March 2019, 1:57 pm | BusinessDesk
March 25 (BusinessDesk) - A2 Milk Co has appointed Li Xiao as chief executive of its greater China operations. More >>
Ike signals 5% FY revenue growth, missed ebitda target
Monday, 25 March 2019, 12:58 pm | BusinessDesk
March 25 (BusinessDesk) - Utilities measurement specialist IkeGPS says its March-year revenue will be only about 5 percent higher than a year earlier, after the company failed to close a large contract for its Ike Analyze service. More >>
NZD stalled ahead of RBNZ statement; global outlook weakens
Monday, 25 March 2019, 12:00 pm | BusinessDesk
March 25 (BusinessDesk) - The New Zealand dollar opened marginally softer with weak economic data in Europe and the US late last week insufficient to move the currency ahead of the Reserve Bank’s monetary policy announcement on Wednesday. More >>
Has business got over its government-induced funk?
Monday, 25 March 2019, 11:30 am | BusinessDesk
March 25 (BusinessDesk) - ANZ's business confidence survey for March due on Thursday will provide the latest reading of whether companies are starting to get over the funk that has dogged them since the current government was formed. More >>
MARKET CLOSE: NZ shares climb to record on low rate outlook
Friday, 22 March 2019, 9:18 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand shares rose to a record as the prospect of low interest rates for even longer stoked demand for companies offering regular income such as Meridian Energy and Mercury NZ. Synlait Milk extended its recovery from a ... More >>
NZD headed for 0.6% weekly gain against greenback
Friday, 22 March 2019, 8:04 pm | BusinessDesk
March 22 (BusinessDesk) - The New Zealand dollar is headed for a 0.6 percent weekly gain after getting a lift from a more dovish US Federal Reserve and solid fourth-quarter domestic growth data. More >>
PREVIEW: RBNZ tipped to keep cash rate at 1.75%
Friday, 22 March 2019, 7:40 pm | BusinessDesk
PREVIEW: RBNZ tipped to keep cash rate at 1.75%, reiterate next move could be up or down More >>
Sky TV hires Deloitte partner as fill-in CFO
Friday, 22 March 2019, 7:39 pm | BusinessDesk
March 22 (BusinessDesk) - Sky Network Television has hired Deloitte Audit & Advisory partner Andrew Dick as interim chief financial officer while the pay-TV operator seeks a replacement for veteran Jason Hollingworth. More >>
Vector fined $3.6 mln in industry first
Friday, 22 March 2019, 7:37 pm | BusinessDesk
March 22 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has been fined almost $3.6 million for breaching its reliability standards in the 2015 and 2016 financial years. More >>
Dry weather cutting dairy production, boosting power costs
Friday, 22 March 2019, 3:56 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand milk production fell from year-earlier levels for the first time in 11 months in February due to dry weather. More >>
KiwiSaver manager Milford dumps $14m of Facebook shares
Friday, 22 March 2019, 3:42 pm | BusinessDesk
March 21 (BusinessDesk) - KiwiSaver fund manager Milford Asset Management dumped its shareholdings in social media giant Facebook on Monday and joined the call from government-backed retirement fund managers for Facebook, Google and Twitter to take ... More >>
NZ dollar dips back below 69 US cents, focus shifting to RBN
Friday, 22 March 2019, 11:07 am | BusinessDesk
March 22 (BusinessDesk) - The New Zealand dollar fell back below 69 US cents after better-than-expected US data and uncertainty over US-China trade and Brexit. More >>
Top Energy's geothermal expansion to cut lines charges
Friday, 22 March 2019, 10:30 am | BusinessDesk
March 22 (BusinessDesk) - Lines company Top Energy says a $300 million expansion of its geothermal development at Ngawha will fundamentally change the shape of its business and enable it to slash electricity costs for the region’s 64,000 residents. More >>
MARKET CLOSE: NZ shares rise on Fed restraint
Thursday, 21 March 2019, 8:58 pm | BusinessDesk
March 21 (BusinessDesk) - New Zealand shares rose after the US Federal Reserve signalled no rate rises there this year and local GDP data came in stronger than many economists had expected. Auckland International Airport extended its decline from a record, ... More >>
KiwiSaver manager Milford dumps $14m of Facebook shares
Thursday, 21 March 2019, 8:57 pm | BusinessDesk
March 21 (BusinessDesk) - KiwiSaver fund manager Milford Asset Management dumped its shareholdings in social media giant Facebook on Monday and joined the call from government-backed retirement fund managers for Facebook, Google and Twitter to take ... More >>
