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 940]
PM Key sees more TPP traction after US mid-terms
Monday, 8 September 2014, 5:41 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand Prime Minister John Key expects the US federal government to start throwing its weight behind concluding the Trans-Pacific Partnership regional trade and investment agreement once it gets past its mid-term Senate and ... More >>
MARKET CLOSE: NZX 50 at record as investors hunt yield
Monday, 8 September 2014, 5:32 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand stocks rose, pushing the NZX 50 Index to a record close, as better polling by the incumbent government ahead of this month's election drew offshore investors back to high yielding stocks such as Meridian Energy, Genesis ... More >>
NZ dollar seen weakening on central bank displeasure
Monday, 8 September 2014, 5:09 pm | BusinessDesk
Sept. 8 (BusinessDesk) - The New Zealand dollar was little changed from New York on Friday and may fall amid speculation the Reserve Bank will use its monetary policy statement on Thursday to repeat that the currency in unjustifiably high, while trimming ... More >>
Nats reshuffle the fiscal deck for 2017 tax cuts
Monday, 8 September 2014, 4:44 pm | BusinessDesk
Sept. 8 (BusinessDesk) - The National Party has reshuffled its existing future spending and debt reduction commitments to prioritise "modest" tax cuts, worth perhaps $1 billion, which would be targeted to start from April 2017, ahead of the next general ... More >>
Police ordered to return clone technology to Dotcom
Monday, 8 September 2014, 3:26 pm | BusinessDesk
Sept. 8 (BusinessDesk) – The Court of Appeal has ordered the New Zealand Police and the Crown to return cloned electronic material to Kim Dotcom which was taken in the raid on his mansion in 2012. More >>
NZ Dollar Outlook: Kiwi may decline as RBNZ remains on hold
Monday, 8 September 2014, 2:08 pm | BusinessDesk
Sept. 8 (BusinessDesk) - The New Zealand dollar will probably continue its downward momentum this week as the Reserve Bank confirms interest rates are on hold for the remainder of the year. More >>
NZ manufacturing growth stalls in June quarter
Monday, 8 September 2014, 11:58 am | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand manufacturing sales volumes shrank in the second three months of the year as milk and meat production declined. More >>
APN NZ fleshes out senior team as carve-out looms
Monday, 8 September 2014, 11:27 am | BusinessDesk
Sept. 8 (BusinessDesk) - APN New Zealand, the local unit of the Australasian publisher of the New Zealand Herald newspaper, has beefed up its senior executive team as parent APN News & Media mulls carving out the New Zealand arm for a listing on the NZX. More >>
Heartland takes 10% stake in HarMoney for undisclosed sum
Monday, 8 September 2014, 10:58 am | BusinessDesk
Sept. 8 (BusinessDesk) - Heartland New Zealand has taken a 10 percent stake in peer-to-peer lender HarMoney for an undisclosed sum and will provide funding through New Zealand's only licensed platform as it continues to diversify its finance options. More >>
Diligent censured over late reporting
Monday, 8 September 2014, 10:46 am | BusinessDesk
Sept. 8 (BusinessDesk) - Diligent Board Member Services, which was beset with administrative mis-steps last year, has been censured for failing to file earnings with the stock market operator, its second public telling off after breaching listing rules last ... More >>
Gentrack disclosure is warning to other listed companies
Monday, 8 September 2014, 9:55 am | BusinessDesk
Sept. 8 (BusinessDesk) - Rob Everett, head of the Financial Markets Authority, is warning listed-companies not to skirt continuous disclosure rules in light of recent complaints about Gentrack Group and Lyttelton Port Co, and has urged investors to ... More >>
Appeal Court dashes Chorus's bid to overturn price ruling
Monday, 8 September 2014, 9:54 am | BusinessDesk
Sept. 8 (BusinessDesk) - The Court of Appeal has dismissed Chorus's bid to overturn a decision upholding proposed cuts to the regulated pricing of services over its copper line services. More >>
Sky TV loses rights to PGA golf series
Monday, 8 September 2014, 9:16 am | BusinessDesk
Sept. 8 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, failed to renew the broadcast rights to US PGA Golf, European PGA Golf and the PGA Asian Tour Golf, which have previously represented 1.1 percent of total viewership ... More >>
NZ dollar gains after US jobs report misses expectations
Monday, 8 September 2014, 8:42 am | BusinessDesk
Sept. 8 (BusinessDesk) - The New Zealand dollar advanced after a US employment report printed weaker than expected, reviving expectations the Federal Reserve may keep interest rates at record lows for longer. More >>
RBNZ to leave rates unchanged in pre-election MPS
Monday, 8 September 2014, 8:00 am | BusinessDesk
Sept. 8 (BusinessDesk) - The Reserve Bank of New Zealand will probably keep its key interest rate unchanged in a policy review that comes nine days before the general election, with consumer prices tame enough for the bank to trim its outlook for inflation ... More >>
World Week Ahead: An Apple a day
Monday, 8 September 2014, 7:57 am | BusinessDesk
Sept. 8 (BusinessDesk) - The global equities rally appears set to continue, bolstered by weak US jobs data and an unexpected commitment from Europe’s central bank to go all-in to bolster the euro-zone’s flagging economy. More >>
Blue Chip's Bryers loses bid to dodge hearing in person
Friday, 5 September 2014, 5:38 pm | BusinessDesk
Sep. 5 (BusinessDesk) - Former Blue Chip principal Mark Bryers has lost a bid to avoid appearing in person at a High Court hearing to discharge his bankruptcy, with the judge turning down his request to be examined via a video-link from Australia, ... More >>
MARKET CLOSE: NZ shares rise led by Meridian
Friday, 5 September 2014, 5:36 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand shares rose, led by Meridian Energy after political polls showed support for the incumbent National-led government ahead of this month's election. Pacific Edge advanced for a third day on news of its US patent. More >>
NZ dollar heads for 1.3% weekly fall as greenback firms
Friday, 5 September 2014, 5:08 pm | BusinessDesk
NZ dollar heads for 1.3% weekly fall as greenback firms, US jobs data looms More >>
NZ tourism spending forecast to increase 25% by 2020: MBIE
Friday, 5 September 2014, 4:44 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Tourism spending in New Zealand will likely increase 25 percent to an annual $8.3 billion by 2020, driven by an increased number of visitors, according to a report by the Ministry of Business, Innovation and Employment. More >>
