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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 91]
MARKET CLOSE: NZ shares fall in muted trading
Tuesday, 19 March 2019, 8:53 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand shares fell from a record in quiet trading. Gentrack led the declines as investors fretted over the Brexit implications for the UK exposed utilities software developer. More >>
NZ dollar treads water ahead of FOMC statement
Tuesday, 19 March 2019, 8:51 pm | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar was little changed with most investors taking to the sidelines ahead of the Federal Reserve’s Open Market Committee decision due 7am Thursday, New Zealand time. More >>
Act to remove terrorist videos and content: NZ ISPs
Tuesday, 19 March 2019, 7:35 pm | BusinessDesk
March 19 (BusinessDesk) - Three major mobile and broadband phone companies are calling on global social media providers Facebook, Twitter and Google to join “an urgent discussion” on finding an enduring solution to eliminate harmful content such as ... More >>
Hydrogen refuelling trial underway in 2019 - Hiringa Energy
Tuesday, 19 March 2019, 7:33 pm | BusinessDesk
March 19 (BusinessDesk) - The first of three hydrogen refuelling stations planned for warehousing and trucking operations should be operating within 12 to 18 months, Hiringa Energy chief executive Andrew Clennett says. More >>
Asian refining margins rebound - Refining NZ
Tuesday, 19 March 2019, 3:39 pm | BusinessDesk
March 19 (BusinessDesk) - Asia-Pacific refining margins remain volatile with Singapore gasoline margins gaining almost US$5 a barrel in the past two weeks, Refining NZ says. More >>
Fulton Hogan profit drops on troubled Australian projects
Tuesday, 19 March 2019, 3:14 pm | BusinessDesk
March 19 (BusinessDesk) - Fulton Hogan's first-half profit dropped by a third as the privately-held civil construction firm struggled with problematic projects on the other side of the Tasman. More >>
Government suspends negotiations with Westland
Tuesday, 19 March 2019, 2:14 pm | BusinessDesk
March 19 (BusinessDesk) - The government has suspended negotiations with Westland Cooperative Dairy Company to conclude financing arrangements for a $10 million loan after news the dairy company had reached a conditional agreement to sell the cooperative ... More >>
Indonesian and Taiwanese arrivals help Airport to a record
Tuesday, 19 March 2019, 2:03 pm | BusinessDesk
March 19 (BusinessDesk) - Auckland International Airport says the number of international passengers passing through its terminals hit a record in January, largely reflecting additional airline capacity from Indonesia and Taiwan. More >>
Warehouse 1H profit climbs 12%
Tuesday, 19 March 2019, 12:38 pm | BusinessDesk
March 19 (BusinessDesk) - Warehouse Group lifted first-half profit 12 percent as retailer's exit from its ill-fated financial services division starts paying off in a wider transformation of the group. More >>
Orr's views on bank capital at odds with Super Fund
Tuesday, 19 March 2019, 12:34 pm | BusinessDesk
March 19 (BusinessDesk) - A submission from the New Zealand Superannuation Fund to the Reserve Bank while governor Adrian Orr was still chief executive disagreed with the central bank on just about everything to do with bank capital requirements. More >>
Consumer confidence slips, weighed by economic growth worry
Tuesday, 19 March 2019, 12:31 pm | BusinessDesk
March 19 (BusinessDesk) - Consumer confidence reversed last quarter's rise as the economy shows signs of slowing, the latest Westpac McDermott Miller survey shows. More >>
NZ dollar rangebound as Brexit worries weigh, eyes on US Fed
Tuesday, 19 March 2019, 11:19 am | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback but stuck in a tight range amid more Brexit turmoil and as markets await direction from the US Federal Reserve later this week. More >>
Westland inks conditional $588m deal to sell to Yili
Tuesday, 19 March 2019, 10:48 am | BusinessDesk
March 19 (BusinessDesk) - Westland Co-operative Dairy Company has signed a conditional agreement to sell the co-operative to Inner Mongolia Yili Industrial Group for $3.41 per share in a deal worth $588 million, including debt and liabilities. More >>
MARKET CLOSE: NZ shares at record; trading quiet
Monday, 18 March 2019, 8:57 pm | BusinessDesk
March 18 (BusinessDesk) - New Zealand shares rose to a record in quiet trading as investors digested the latest round of index re-weightings and wait on upcoming earnings. Kathmandu Holdings led the market higher. More >>
NZ dollar rides Australian dollar coat-tails higher
Monday, 18 March 2019, 8:24 pm | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar rose a little, dragged higher by a buoyant Australian dollar driven by technical factors. More >>
CORRECT: Trade Me halts sales of semi-automatic firearms
Monday, 18 March 2019, 8:22 pm | BusinessDesk
March 18 (BusinessDesk) - Trade Me Group has halted the sale of semi-automatic firearms through its online marketplace as public sentiment on private gun ownership turns in the wake of last Friday's mass shooting in Christchurch. More >>
Electricity switching at four-year low
Monday, 18 March 2019, 8:21 pm | BusinessDesk
March 18 (BusinessDesk) - Switching in the retail electricity market is at a four-year low amid sustained high wholesale prices. More >>
S&P lowers Asset Finance's credit rating to "B-"
Monday, 18 March 2019, 8:18 pm | BusinessDesk
March 18 (BusinessDesk) - International ratings agency Standard & Poor’s Corp says it has lowered Asset Finance’s credit rating to "B-" following its changing ownership. More >>
Trade Me halts sales of semi-automatic firearms
Monday, 18 March 2019, 2:59 pm | BusinessDesk
March 18 (BusinessDesk) - Trade Me Group has halted the sale of semi-automatic firearms through its online marketplace as public sentiment on private gun ownership turns in the wake of last Friday's mass shooting in Christchurch. More >>
NZ service sector expansion slows in February
Monday, 18 March 2019, 2:06 pm | BusinessDesk
March 18 (BusinessDesk) - Activity in New Zealand's services sector eased in February to below the long-term average, weighed down by a fall in activity and sales. More >>
