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BusinessDesk - Latest News [Page 920]

NZ manufacturing growth accelerates in September

Thursday, 16 October 2014, 11:07 am | BusinessDesk

Oct. 16 (BusinessDesk) - New Zealand manufacturing accelerated in September, its fourth monthly increase after a mid-year lull, with a pick-up in agricultural production stoking activity in the food and beverage sector. More >>

Crowd-funded film raises $453,800, just shy of top target

Thursday, 16 October 2014, 10:53 am | BusinessDesk

Oct. 16 (BusinessDesk) - A new film to be directed by Lee Tamahori closed its equity crowd-funding offer overnight, coming in just shy of its maximum $500,000 target, after earlier extending the offer's deadline. More >>

Pushpay rejigs marketing structure

Thursday, 16 October 2014, 10:31 am | BusinessDesk

Oct. 16 (BusinessDesk) - Pushpay Holdings, the mobile payment app developer, has dropped its centralised marketing strategy in favour of subsidiaries targeting their local markets. More >>

Commerce Commission shelves Chorus investigation

Thursday, 16 October 2014, 9:16 am | BusinessDesk

Oct. 16 (BusinessDesk) - The Commerce Commission has suspended an investigation into Chorus's proposed Boost variant services after the telecommunications network operator put plans to constrain regulated services on hold. More >>

NZ dollar rises to 3-week high amid global growth concerns

Thursday, 16 October 2014, 8:53 am | BusinessDesk

NZ dollar rises to 3-week high amid global growth concerns as dairy prices gain More >>

While you were sleeping: Stocks, US dollar slide

Thursday, 16 October 2014, 7:38 am | BusinessDesk

Oct. 16 (BusinessDesk) - Wall Street dropped after reports showed declines in US retail sales and producer prices, fuelling concern about the impact of the slowdown in the global economy and the effect on corporate profits. More >>

Dairy product prices rebound from five-year low

Thursday, 16 October 2014, 6:40 am | BusinessDesk

Oct. 16 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, recovering from the lowest level in five years, as gains in anhydrous milk fat and sweet whey powder outweighed declines in rennet casein and butter milk powder. More >>

SkyCity pushes out deadline for completing convention centre

Wednesday, 15 October 2014, 6:08 pm | BusinessDesk

Oct. 15 (BusinessDesk) - SkyCity Entertainment Group has extended by nine months the deadline for completing construction of the controversial NZ International Convention Centre from the original completion date of September 2017 to mid-2018. More >>

NZ dollar trims advance, overnight dairy auction key

Wednesday, 15 October 2014, 5:54 pm | BusinessDesk

Oct. 15 (BusinessDesk) - The New Zealand dollar trimmed its gains of the start of the week though it may advance again should a return of Chinese buyers to the dairy auction overnight push dairy prices up from the lowest level in more than five years. More >>

MARKET CLOSE:NZ shares snap 3 days of declines

Wednesday, 15 October 2014, 5:52 pm | BusinessDesk

Oct. 15 (BusinessDesk) - New Zealand shares snapped three days of falls as investors hunted yield in an uncertain global economy. Meridian Energy, MightyRiverPower and Kiwi Income Property Trust advanced. More >>

Commonwealth Bank declares 5% stake in ERoad

Wednesday, 15 October 2014, 2:43 pm | BusinessDesk

Oct. 15 (BusinessDesk) - The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX. More >>

Danone says court delay would cause injustice

Wednesday, 15 October 2014, 2:41 pm | BusinessDesk

Oct. 15 (BusinessDesk) - Danone Asia Pacific Holdings, the local unit of the French food company, argued in the Court of Appeal it was an injustice for it to have to wait potentially until 2018 to go to trial against Fonterra Cooperative Group regarding ... More >>

RMA needs reform to ease urban development: Smith

Wednesday, 15 October 2014, 1:45 pm | BusinessDesk

Oct. 15 (BusinessDesk) - Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing. More >>

Transfield Worley wins $20 mln annual contract from Genesis

Wednesday, 15 October 2014, 12:30 pm | BusinessDesk

Oct. 15 (BusinessDesk) - Transfield Worley Power Services won a $20 million annual maintenance contract with Genesis Energy, New Zealand's largest power retailer, which is trying to cut costs by 10 percent. More >>

Heinz may eliminate 100 NZ jobs as part of region-wide cuts

Wednesday, 15 October 2014, 11:29 am | BusinessDesk

Heinz may eliminate 100 NZ jobs as part of region-wide cuts in tough markets More >>

NZF makes second attempt at luring a reverse lister to shell

Wednesday, 15 October 2014, 10:48 am | BusinessDesk

Oct. 15 (BusinessDesk) - NZF, the listed financial services shell company blocked from liquidating by its major noteholder this year, has begun talks with a second party about a possible reverse listing after abandoning initial talks with an undisclosed ... More >>