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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 890]
CORRECT: NZ new vehicle sales rise in November
Wednesday, 3 December 2014, 11:05 am | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand new vehicle sales reached their highest ever for November with 2014 expected to be a record year as a buoyant local economy and cheaper prices underpin demand. More >>
NZ new vehicle sales rise in November, heading for a record
Wednesday, 3 December 2014, 10:49 am | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand new vehicle sales reached their highest ever for November with 2014 expected to be a record year as a buoyant local economy and cheaper prices underpin demand. More >>
ANZ agrees to $19M deal over sale of interest rate swaps
Wednesday, 3 December 2014, 9:48 am | BusinessDesk
Dec. 3 (BusinessDesk) - ANZ Bank New Zealand has agreed to a $19 million settlement with the Commerce Commission after an investigation into the marketing and sale of interest rate swaps to rural customers between 2005 and 2009. More >>
Summerset gets consent for $80 million Wigram village
Wednesday, 3 December 2014, 9:37 am | BusinessDesk
Dec. 3 (BusinessDesk) - Summerset Group Holdings, the listed retirement village, has been granted resource consent for its $80 million Wigram village, its first in Christchurch. More >>
NZX trading volumes, values fall in November
Wednesday, 3 December 2014, 9:22 am | BusinessDesk
Dec. 3 (BusinessDesk) - The volume and value of cash trading on New Zealand's stock exchange fell in November from a year earlier, with activity down across the board. More >>
NZ dollar falls on weak dairy auction, stronger greenback
Wednesday, 3 December 2014, 8:40 am | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar fell after prices for the nation's largest commodity export declined in the latest GlobalDairyTrade auction overnight. More >>
While you were sleeping: Outlook optimism
Wednesday, 3 December 2014, 7:49 am | BusinessDesk
Dec. 3 (BusinessDesk) - Equities on Wall Street gained, along with the US dollar, amid optimism the American economy remains on firm footing after a report showed spending on construction is outpacing forecasts. More >>
Dairy product prices hit lowest level since August 2009
Wednesday, 3 December 2014, 6:58 am | BusinessDesk
Dec. 3 (BusinessDesk) - Dairy product prices slipped to a fresh five-year low in the latest GlobalDairyTrade auction, because of a drop in whole milk powder. More >>
Property developer Morgenstern loses bid to appeal ruling
Tuesday, 2 December 2014, 5:41 pm | BusinessDesk
Property developer Morgenstern loses bid to appeal court decision, has to pay up $3.5M More >>
MARKET CLOSE:NZ shares rise, led by Chorus on Comcom draft
Tuesday, 2 December 2014, 5:33 pm | BusinessDesk
Dec. 2 (BusinessDesk) - New Zealand shares rose, led by Chorus, after the Commerce Commission lifted the amount the network operator can charge on its regulated copper lines. Spark New Zealand fell on the regulator's decision. More >>
NZ dollar little changed vs. AUD after RBA statement
Tuesday, 2 December 2014, 5:19 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate at a record low, while saying a weaker currency was desirable to foster balanced economic growth. More >>
RBA says Aust dollar near 4 1/2-year low needs to fall more
Tuesday, 2 December 2014, 5:14 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The Reserve Bank of Australia said its currency, near a 4 1/2-year low, remains over-valued and needs to decline further to assist the economy across the Tasman, which is growing at a moderate pace. More >>
Delegat's plans push into Chinese market next year
Tuesday, 2 December 2014, 4:25 pm | BusinessDesk
Delegat's to push into China next year as part of global wine brand expansion More >>
Japanese investor interest in NZ plumps up Nikko funds
Tuesday, 2 December 2014, 1:49 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Nikko Asset Management New Zealand, the local subsidiary of the Japanese investment firm, said funds under management topped $4 billion for the first time as the country's relatively high yields on offer in a low-interest-rate ... More >>
Commodity prices fall for ninth month in November, led by mi
Tuesday, 2 December 2014, 1:23 pm | BusinessDesk
Dec. 2 (BusinessDesk) - New Zealand commodity prices declined for the ninth consecutive month in November, to the lowest level since February last year, as milk powder prices fell to five-year lows. More >>
Enprise narrows 1H loss as it reduced costs
Tuesday, 2 December 2014, 12:14 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Enprise Group, the accounting software reseller which debuted on the NZAX yesterday, narrowed its first-half loss as its Australian unit turned to a profit and it reduced costs. More >>
Spark warns of price rise as copper decision pushes up costs
Tuesday, 2 December 2014, 12:12 pm | BusinessDesk
Dec. 2 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, is reviewing its prices, saying today's Commerce Commission draft decision on wholesale copper line pricing threatens to push up the telecommunications company's costs. The shares fell. More >>
NZ tractor sales hit decade high in third quarter
Tuesday, 2 December 2014, 12:03 pm | BusinessDesk
Dec. 2 (BusinessDesk) - New Zealand tractor sales hit their highest level in a decade in the third quarter as farmers benefiting from this year's record milk payout and the high local currency bought new equipment. More >>
UPDATE: Chorus shares jump as regulator lifts access pricing
Tuesday, 2 December 2014, 11:22 am | BusinessDesk
Dec. 2 (BusinessDesk) - Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices it can charge for access to the traditional copper lines network for broadband internet ... More >>
Dorchester still hunting acquisitions after Turners purchase
Tuesday, 2 December 2014, 10:44 am | BusinessDesk
Dec. 2 (BusinessDesk) - Dorchester Pacific says it's still in the hunt for acquisitions after completing the $82 million cash, scrip and bonds-funded purchase of Turners Auctions and refining its guidance for earnings. More >>
