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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 93]
MARKET CLOSE: NZ shares rise in heavy trading
Thursday, 14 March 2019, 9:08 pm | BusinessDesk
March 14 (BusinessDesk) - New Zealand shares rose in heavy trading with Spark New Zealand and Contact Energy attracting some big placements from large investors repositioning their portfolios. Sky Network Television extended its recovery on large volumes. More >>
NZ dollar runs out of puff amid conflicting China data
Thursday, 14 March 2019, 8:43 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar is treading water after running out of puff at higher levels and after conflicting data from China. More >>
Air NZ, Contact, Genesis + Z to create forestry portfolio
Thursday, 14 March 2019, 5:32 pm | BusinessDesk
Air NZ, Contact, Genesis and Z Energy to create forestry portfolio More >>
Bank capital proposals already impacting capital markets
Thursday, 14 March 2019, 3:53 pm | BusinessDesk
March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impact on capital markets. More >>
NZ guest nights plateau in peak month of January
Thursday, 14 March 2019, 3:00 pm | BusinessDesk
March 14 (BusinessDesk) - New Zealand's accommodation providers reported flat guest numbers in January as more domestic travellers made up for a dip in foreign visitors. More >>
Voluntary gas disclosure may not be effective - GIC
Thursday, 14 March 2019, 2:49 pm | BusinessDesk
March 14 (BusinessDesk) - A voluntary information disclosure regime for the gas industry may not be effective, given some parties have already signalled they won’t participate and others may be restricted by some existing supply agreements and tight controls ... More >>
Restaurant Brands takeover to be scaled
Thursday, 14 March 2019, 2:33 pm | BusinessDesk
March 14 (BusinessDesk) - Finaccess Capital will scale its $9.45 a share offer for Restaurant Brands New Zealand after acceptances exceeded its 75 percent upper limit. More >>
NZ will be "balanced" on commissions
Thursday, 14 March 2019, 12:44 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand government says it won’t single out mortgage brokers and that its approach to commission payments will be “balanced.” More >>
Macquarie fined for failing to catch irregular trading
Thursday, 14 March 2019, 12:42 pm | BusinessDesk
March 14 (BusinessDesk) - Macquarie Securities has been publicly ticked off and fined $20,000 for failing to discover that one of its clients with direct market access made more than 100 algorithmic trades over a 10-month period without a change ... More >>
NZD slips against pound as British MPs prepare to vote
Thursday, 14 March 2019, 11:07 am | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar slipped against the British pound as markets expect the UK parliament will vote to not pursue a hard "no deal" Brexit this morning. More >>
MARKET CLOSE: NZ shares drift lower on Brexit uncertainty
Wednesday, 13 March 2019, 8:49 pm | BusinessDesk
March 13 (BusinessDesk) - New Zealand shares fell, with markets weaker across Asia as the uncertainty over Britain's exit from the European Union keeps investors on edge. Fletcher Building dropped as investors remain wary of the construction firm. More >>
NZ dollar falls as Aussie consumer sentiment weakens
Wednesday, 13 March 2019, 8:24 pm | BusinessDesk
March 13 (BusinessDesk) - The New Zealand dollar fell, dragged lower with the Australian dollar on signs consumer sentiment is weakening across the Tasman. More >>
It all comes down to the inflation target: BNZ's Toplis
Wednesday, 13 March 2019, 8:24 pm | BusinessDesk
March 13 (BusinessDesk) - If the Reserve Bank of New Zealand were to adopt the Reserve Bank of Australia’s inflation target, “we should be considering easing relatively aggressively,” says Bank of New Zealand's head of research Stephen Toplis. More >>
Two charged in relation to Queenstown assault
Wednesday, 13 March 2019, 8:22 pm | BusinessDesk
Police have charged two people in relation to an assault on Cow Lane, Queenstown, in the early hours of Tuesday morning. More >>
Kathmandu investigating month-long data security breach
Wednesday, 13 March 2019, 5:41 pm | BusinessDesk
March 13 (BusinessDesk) - Kathmandu Holdings is investigating a data security breach on one of its websites that lasted for about a month. More >>
Singapore's GIC a junior partner in Trade Me takeover
Wednesday, 13 March 2019, 5:29 pm | BusinessDesk
March 13 (BusinessDesk) - Singapore's sovereign wealth fund GIC Private is a junior partner in the $2.56 billion takeover bid for Trade Me Group and more investors may come on board if the deal gets the go-ahead next month. More >>
House prices rose in February but sales volumes fell 9.5%
Wednesday, 13 March 2019, 4:33 pm | BusinessDesk
March 13 (BusinessDesk) - House prices rose in most parts of the country except in Otago and Southland in February but the number of residential properties sold in the month fell 9.5 percent in what is normally a month of strong activity. More >>
Worboys enjoys Bentley as administrators trawl Halifax mess
Wednesday, 13 March 2019, 3:07 pm | BusinessDesk
March 13 (BusinessDesk) - Halifax director Jeffrey Worboys is enjoying the use of a Bentley while the administrators of the failed derivatives trading group say the company was trading while insolvent since at least January 2017. More >>
Housing rents rose 3.3% in year ended February
Wednesday, 13 March 2019, 2:30 pm | BusinessDesk
March 13 (BusinessDesk) - Housing rents across New Zealand rose 0.2 percent in February, taking the annual rental increase to 3.3 percent, according to a new Stats NZ index. More >>
February food prices up 1.7% on year
Wednesday, 13 March 2019, 2:18 pm | BusinessDesk
March 13 (BusinessDesk) - Food prices rose 1.7 percent on the year in February, driven by a lift in meat, poultry, and fish prices and restaurant and ready-to-eat food. More >>
