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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 959]
NZ dollar drops below key support level as jobs data weighed
Wednesday, 6 August 2014, 12:10 pm | BusinessDesk
NZ dollar drops below key support level as jobs data weighed, faces stiff resistance at 84 cents More >>
UPDATE: NZ jobless rate falls to five-year low
Wednesday, 6 August 2014, 11:53 am | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand's unemployment rate fell to a five-year low in the June quarter as employment growth in Canterbury fuelled the labour market. The kiwi dollar fell after the figures were released. More >>
NZ jobless rate falls to five-year low on Canterbury growth
Wednesday, 6 August 2014, 10:56 am | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand's unemployment rate fell to a five-year low in the June quarter as employment growth in Canterbury fuelled the labour market. The kiwi dollar fell after the figures were released. More >>
NZX won't cancel Lyttelton Port trades after takeover notice
Wednesday, 6 August 2014, 10:47 am | BusinessDesk
Aug. 6 (BusinessDesk) - NZX, the stock market operator, says it won't cancel trades in Lyttelton Port Co shares made after the release of a substantial security holder (SSH) notice that included first news of a takeover proposal for the company. More >>
NZ dollar tests 84.50 US cents overnight as dairy slides
Wednesday, 6 August 2014, 8:38 am | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar may break through its key 84.50 US cent support level as investors exit the kiwi on concern a significant drop in global dairy prices will weigh on economic growth, amid increasing demand for the greenback. More >>
While you were sleeping: Wall Street slides
Wednesday, 6 August 2014, 7:17 am | BusinessDesk
Aug 6 (BusinessDesk) - Wall Street dropped amid disappointing earnings from US companies including Motorola and increased concern about escalating tension in Ukraine. More >>
Dairy product prices fall to lowest since October 2012
Wednesday, 6 August 2014, 6:19 am | BusinessDesk
Aug 6 (BusinessDesk) - Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More >>
MARKET CLOSE: NZ stocks rise from 4-month low
Tuesday, 5 August 2014, 5:49 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise from 4-month low; Air NZ, TradeMe rise ahead of earnings More >>
Board approves Tainui's Ruakura inland port designation
Tuesday, 5 August 2014, 5:14 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment and ... More >>
RBA reiterates stable outlook for interest rates
Tuesday, 5 August 2014, 5:06 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a "period of stability" in interest rates is warranted given the outlook for inflation. More >>
NZ dollar little changed vs. A$ as RBA keeps rates on hold
Tuesday, 5 August 2014, 5:05 pm | BusinessDesk
NZ dollar little changed vs. A$ as RBA keeps rates on hold, sees inflation in check More >>
F&P Appliances on hiring spree after ramping up R&D
Tuesday, 5 August 2014, 2:55 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Fisher & Paykel Appliances, the home-appliance maker acquired by China's Haier in 2012, is seeking some 40 workers for research and development after opening a new design centre at its Auckland headquarters. More >>
Goodman Property investors to vote on management contract
Tuesday, 5 August 2014, 2:16 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Unitholders of Goodman Property Trust, the largest listed property investor by market value, will vote on restructuring how the trust pays its manager, Goodman (NZ), at today's annual general meeting in Auckland. More >>
Barnes's Bath Street buys out Milford stake in Complectus
Tuesday, 5 August 2014, 1:57 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Andrew Barnes’s Bath Street Capital has acquired the Milford Active Growth Wholesale Fund's interest in Complectus, the company formed to add Perpetual Trust to trustee company Guardian Trust, giving Milford a profit on its ... More >>
Former NZX boss Mark Weldon appointed top job at MediaWorks
Tuesday, 5 August 2014, 11:44 am | BusinessDesk
Aug. 5 (BusinessDesk) - Former NZX chief Mark Weldon has been appointed to the top job at free-to-air broadcaster MediaWorks, replacing Sussan Turner. More >>
Auckland house sales fall in July, listings at 7-month low
Tuesday, 5 August 2014, 11:20 am | BusinessDesk
Aug. 5 (BusinessDesk) - Auckland house sales fell for a second month in July and the number of listings declined to a seven-month low, which realtor Barfoot & Thompson attributed to a winter downturn and the looming election. More >>
Briscoe says first-half profit rose 21% on fatter margins
Tuesday, 5 August 2014, 10:53 am | BusinessDesk
Aug. 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, lifted first-half profit 21 percent, bolstered by an insurance settlement, and as second-quarter sales rose, margins widened and increased online sales offset a highly ... More >>
Chatham Rock Phosphate seeks smaller seabed mining area
Tuesday, 5 August 2014, 10:13 am | BusinessDesk
Aug. 5 (BusinessDesk) - Chatham Rock Phosphate, which is seeking a marine consent to mine phosphate nodules in deep sea on New Zealand's Chatham Rise, is reducing the size of its consent application to "simplify questions from the Environmental ... More >>
NZX cash trading grows in July with new listings
Tuesday, 5 August 2014, 9:18 am | BusinessDesk
Aug. 5 (BusinessDesk) - NZX cash trading grew for a second month in July as the pipeline of new listings continued to stoke activity on the local market. More >>
NZ dollar gains as traders await central bank meetings, data
Tuesday, 5 August 2014, 8:38 am | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar advanced in quiet trading as investors await direction from looming central bank meetings and new data on dairy prices and employment. More >>
