Scoop has an Ethical Paywall
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 921]
MARKET CLOSE: NZ shares fall as investors book profits
Tuesday, 14 October 2014, 5:47 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealand shares fell led by Air New Zealand, as investors looked to crystalise post-election gains and invest in cheaper offshore markets. Contact Energy and Genesis Energy paced the decline while Xero fell to its lowest ... More >>
NZ dollar extends gain above 79 US cents on China optimism
Tuesday, 14 October 2014, 5:37 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback after the People's Bank of China cut a 14-day repo rate, showing the central bank is willing to provide stimulus to the world's second-largest economy. More >>
NZ dollar extends gain above 79 US cents on China optimism
Tuesday, 14 October 2014, 5:37 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback after the People's Bank of China cut a 14-day repo rate, showing the central bank is willing to provide stimulus to the world's second-largest economy. More >>
New Zealand meat exports soar to record in 2014 season
Tuesday, 14 October 2014, 4:32 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The annual value of New Zealand meat exports rose to a record as global demand for kiwi meat boosted prices and offset the impact of a strong kiwi dollar. More >>
Housing affordability worsens, says Massey index
Tuesday, 14 October 2014, 4:13 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealand housing is becoming less affordable as rising wages are not enough to offset climbing house prices and interest rates, says Massey University's latest quarterly Home Affordability Report. More >>
Allan Hubbard to blame for South Canterbury collapse: judge
Tuesday, 14 October 2014, 4:05 pm | BusinessDesk
Oct. 14 (BusinessDesk) - South Canterbury Finance’s corporate governance practices, insisted on by its late chairman Allan Hubbard, directly contributed to the failure of what was once New Zealand’s largest finance company, said Justice Paul Health ... More >>
NZ, Korean officials head for FTA talks, Yonhap reports
Tuesday, 14 October 2014, 2:38 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealand and South Korean officials are holding free-trade talks in Seoul for the next two days, amid hopes a deal can be concluded, the Yonhap News Agency reported. More >>
No evidence of a culture of concealment at South Canterbury
Tuesday, 14 October 2014, 1:54 pm | BusinessDesk
Oct. 14 (BusinessDesk) - The Serious Fraud Office failed to prove its suggestion of an underlying culture of concealment between 2004 and 2010 in now collapsed South Canterbury Finance, says Justice Paul Heath in his decision on charges against two ... More >>
No decisions on Contact's growing cash pile before Feb
Tuesday, 14 October 2014, 12:49 pm | BusinessDesk
Oct. 14 (BusinessDesk) - Contact Energy shareholders will have to wait at least until the company's half-year result, due to be published in February, before learning of the board's approach to dealing with the growing cash pile the energy company ... More >>
NZ sheep farmers vote against reinstatement of wool levy
Tuesday, 14 October 2014, 12:41 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealand sheep farmers have rejected reinstating a wool levy to fund industry good activities, according to preliminary results. More >>
New Zealanders using more online data on faster connections
Tuesday, 14 October 2014, 12:30 pm | BusinessDesk
Oct. 14 (BusinessDesk) - New Zealanders have upped their data use more than half in the last year, while the uptake of faster internet connections trebled, according to Statistics New Zealand. More >>
South Canterbury Finance verdicts released
Tuesday, 14 October 2014, 11:50 am | BusinessDesk
Oct. 14 (BusinessDesk) - South Canterbury Finance former chief executive Lachie McLeod and former director Robert White have been acquitted on all charges following the collapse of the company, while former director Edward Sullivan has been found guilty ... More >>
NZ dollar edges up as investors buoyed by Chinese trade data
Tuesday, 14 October 2014, 8:45 am | BusinessDesk
Oct. 14 (BusinessDesk) - The New Zealand dollar edged up as investors reassessed their positions after Chinese data printed better than expected amid concerns about global economic growth. More >>
Kiwis confused about risk on growth investments, survey says
Tuesday, 14 October 2014, 8:41 am | BusinessDesk
Oct. 14 (BusinessDesk) - Kiwis are clued up about straight-forward low-risk investments but are far less confident on riskier choices, a Financial Markets Authority survey shows. More >>
While you were sleeping: Evans calls for patience on rates
Tuesday, 14 October 2014, 7:20 am | BusinessDesk
Oct. 14 (BusinessDesk) - Wall Street inched higher, while the greenback weakened, as another US Federal Reserve official stressed the importance of patience with the central bank before it starts raising interest rates. More >>
MARKET CLOSE: NZ shares fall in global slump
Monday, 13 October 2014, 5:51 pm | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand shares followed Wall Street lower, led by Xero and other growth stocks, as investors worried global economic growth is stalling. Kathmandu Holdings and Air New Zealand paced the decline. More >>
NZ dollar gains as China trade restores optimism in Asia
Monday, 13 October 2014, 5:32 pm | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar gained after figures showed China's exports and imports were stronger than expected, helping soothe concerns the world's second-largest economy isn't growing fast enough to underpin global growth. More >>
Tributes flow to Auckland businessman Mark Ford
Monday, 13 October 2014, 5:20 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Watercare chairman David Clarke has paid tribute to the company’s former chief executive, Mark Ford, who died earlier today after serious illness. More >>
Kiwi Income Property reshuffles executive positions
Monday, 13 October 2014, 3:31 pm | BusinessDesk
Oct. 13 (BusinessDesk) - Kiwi Income Property Trust, the country's second largest property trust by market capitalisation, has appointed Gavin Parker as chief operating officer, while Stuart Tabuteau will become chief financial officer. More >>
NZ Dollar Outlook: Global growth concerns to crimp kiwi
Monday, 13 October 2014, 3:00 pm | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar may decline this week as investors reduce their holdings of riskier currencies amid concern about slower global growth. More >>
