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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 9]
Govt moves against Supreme Court 'black hole' tax ruling
Monday, 23 September 2019, 7:10 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The government confirmed today it will legislate to return the tax deductible status of feasibility study spending after a surprise Supreme Court ruling three years ago up-ended the Inland Revenue Department's advice on the ... More >>
Qantas CFO Race Strauss to join A2 Milk as CFO
Monday, 23 September 2019, 7:08 pm | BusinessDesk
Sept. 23 (BusinessDesk) - Race Strauss will join the A2 Milk Company as chief financial officer in the second half of the current financial year. More >>
Climate Committee seeks data, evidence
Monday, 23 September 2019, 7:07 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The Interim Climate Change Committee is seeking additional evidence to broaden work it is doing to help prepare the first carbon budgets required under the country’s proposed zero-carbon legislation. More >>
Spark's wobbly world cup start raises stakes for live-stream
Monday, 23 September 2019, 7:06 pm | BusinessDesk
Sept. 23 (BusinessDesk) - Spark New Zealand will face greater scepticism from sporting bodies and the wider public about its ability to stream live sports after falling back on Television New Zealand for the All Blacks' first match in the Rugby World ... More >>
An algorithm dunnit: anatomy of Spark's mid-match surrender
Monday, 23 September 2019, 5:44 pm | BusinessDesk
Friday night's Rugby World Cup opening ceremony and first match, Japan vs Russia, rolled down the international telecommunications cables to New Zealand so seamlessly for Spark Sport that freshly departed Spark chief executive Simon Moutter couldn't ... More >>
Stanley-Tallwood liquidator deal over KiwiBuild development
Monday, 23 September 2019, 1:48 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The liquidator for Stanley Group and Tallwood Holdings has cut a deal with the developer of 23 KiwiBuild homes to get subbies paid out immediately. More >>
RBNZ expected to keep OCR at 1% but leave door open
Monday, 23 September 2019, 12:53 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The Reserve Bank of New Zealand is widely expected to keep the official rate on hold at Wednesday's review while leaving the door open for further cuts by signalling a shaky global and domestic economic outlook. More >>
Watch for signs of domestic and global corporate health
Monday, 23 September 2019, 11:26 am | BusinessDesk
Sept. 23 (BusinessDesk) - While central banks on both sides of the Tasman will take centre stage downunder this week, there will also be plenty of information about corporate and economic health both domestically and globally. More >>
Govt will have to pay up for high-rise
Monday, 23 September 2019, 11:20 am | BusinessDesk
Sept. 23 (BusinessDesk) - If New Zealand's construction industry is to thrive, the bottom line is that clients, particularly government ones, are going to have to pay more for buildings. More >>
RBNZ needs more resources, not more powers: Bascand
Monday, 23 September 2019, 10:59 am | BusinessDesk
Sept. 23 (BusinessDesk) - The Reserve Bank needs more resources rather than new powers to better fulfill its role as prudential regulator of insurance companies, deputy governor Geoff Bascand says. More >>
NZ dollar hovers near 4-yr low after IMF statement
Monday, 23 September 2019, 10:55 am | BusinessDesk
Sept. 23 (BusinessDesk) - The New Zealand dollar hit a four-year low after the International Monetary Fund said downside risks to the domestic growth outlook have increased. More >>
MARKET CLOSE: NZ shares gain
Friday, 20 September 2019, 8:59 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand shares rose in heavy trading as Kiwi Property Group and Kathmandu Holding gained on strong volumes, with the quarterly index reweighting driving traffic. More >>
NZ dollar sags after avalanche of data
Friday, 20 September 2019, 8:45 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar was little changed but with a decidedly soft tone after a busy week for global central banks, data from China, Australia and New Zealand, and ahead of a local rate decision next week. More >>
Fonterra board starts planning chair succession
Friday, 20 September 2019, 7:33 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Fonterra Cooperative Group's board has started thinking about who should lead the country's dominant dairy processor through its new strategy, but that won't necessarily see John Monaghan leave. More >>
Fulton Hogan keeps Australian civil construction unit
Friday, 20 September 2019, 7:33 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Fulton Hogan decided to keep its Australian civil construction division after potential buyers didn't make a tempting enough offer. More >>
Time for congestion pricing has come - NZIER
Friday, 20 September 2019, 5:33 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Options being considered to fund transport development in Auckland and ease road congestion need to be part of a consistent framework that can be applied in other parts of the country, the New Zealand Institute of Economic ... More >>
Colliers defends KiwiBuild as 'far from a colossal failure'
Friday, 20 September 2019, 1:59 pm | BusinessDesk
Sept. 20 (BusinessDesk) - KiwiBuild is "far from the colossal failure its political opponents have portrayed it to be," says prominent real estate agent Colliers. More >>
Pushpay shares rise as cost-cutting upgrades earnings
Friday, 20 September 2019, 1:25 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Pushpay Holdings shares rise 2.7 percent after it lifted earnings guidance for 2020 by stripping out costs. More >>
NZ dollar weaker against British pound
Friday, 20 September 2019, 11:39 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar fell against the British pound after European Commission president Jean-Claude Juncker signalled a new Brexit deal may be possible before Oct. 31. More >>
Todd plans Kapuni drilling campaign
Friday, 20 September 2019, 11:38 am | BusinessDesk
Sept. 20 (BusinessDesk) - Todd Energy is preparing for a new round of drilling to extend reserves and production at the onshore Kapuni gas field. More >>
