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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 969]
Greens seek extra billion to fund economic diversification
Wednesday, 16 July 2014, 1:39 pm | BusinessDesk
July 16 (BusinessDesk) - New Zealand needs to invest in science and innovation to reduce its economic reliance on agriculture, the Green Party says, in an election policy announcement that pledges the Greens would spend $1 billion over three years ... More >>
Sliding dairy prices undermine Fonterra forecasts
Wednesday, 16 July 2014, 12:34 pm | BusinessDesk
July 16 (BusinessDesk) - Prices of dairy products may extend this year's 34 percent slump, economists say, adding to pressure on Fonterra Cooperative Group to lower its milk payout forecast and taking some of the steam out of New Zealand's economic ... More >>
UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls
Wednesday, 16 July 2014, 11:56 am | BusinessDesk
UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls as rate hikes questioned More >>
NZ inflation steady at 0.3% in 2Q, kiwi falls
Wednesday, 16 July 2014, 10:54 am | BusinessDesk
July 16 (BusinessDesk) – New Zealand inflation held steady in the second quarter compared to the first-quarter pace as gains in prices of electricity, home rentals and new houses were partly offset by cheaper package holidays, vehicles and liquor. ... More >>
NZ dollar falls as Yellen more upbeat, dairy prices fall
Wednesday, 16 July 2014, 9:00 am | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar fell to a week-low after Federal Reserve chair Janet Yellen was deemed to be more upbeat about US economy than she was two months ago and dairy prices tumbled in the latest GlobalDairyTrade auction. More >>
While you were sleeping: US recovery not complete
Wednesday, 16 July 2014, 7:42 am | BusinessDesk
July 16 (BusinessDesk) - Shares of JPMorgan Chase and Goldman Sachs advanced after the banks reported better-than-expected earnings, though Wall Street overall was struggling to extend its rally. More >>
Dairy product prices drop to lowest since December 2012
Wednesday, 16 July 2014, 6:00 am | BusinessDesk
July 16 (BusinessDesk) - Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat. More >>
MARKET CLOSE: NZ stocks fall as investors mull valuations
Tuesday, 15 July 2014, 5:36 pm | BusinessDesk
July 15 (BusinessDesk) - New Zealand shares fell as investors waited on full-year earnings to confirm high valuations of stocks. Telecom paced the decline, falling from a month high. Warehouse Group and Kathmandu Holdings fell after figures showed ... More >>
NZ dollar holds near 88 US cts ahead of Yellen testimony
Tuesday, 15 July 2014, 5:10 pm | BusinessDesk
Jul. 15 (BusinessDesk) - The New Zealand dollar held near 88 US cents for the fourth day in a row as traders await testimony from Federal Reserve chair Janet Yellen, due overnight, in which she may acknowledge an improving labour market, one of the ... More >>
Fuel retailers recouping refinery losses at the pump, says Z
Tuesday, 15 July 2014, 12:46 pm | BusinessDesk
July 15 (BusinessDesk) - Z Energy says margins on petrol and diesel have risen in recent months because fuel retailers who also own the Marsden Point oil refinery are trying to recoup up to $40 million they've had to pay to top up losses at the ... More >>
LanzaTech FY loss widens to $40.5M as biotech firm scales up
Tuesday, 15 July 2014, 12:09 pm | BusinessDesk
July 15 (BusinessDesk) - LanzaTech New Zealand, which counts US billionaire clean-tech investor Vinod Khosla as its biggest shareholder, posted a wider full-year loss as the company scales up technology that uses microbes to convert industrial waste gases ... More >>
Vodafone NZ squeezes cheaper deal from Vocus
Tuesday, 15 July 2014, 11:04 am | BusinessDesk
July 15 (BusinessDesk) - Vodafone New Zealand, the country's second-biggest internet service provider, has extended its international internet capacity supply contract with ASX-listed Vocus Communications for another two years at a cheaper rate. More >>
RBNZ registers China Construction Bank
Tuesday, 15 July 2014, 10:23 am | BusinessDesk
July 15 (BusinessDesk) - China Construction Bank, which last year decided to set up a New Zealand subsidiary, has been licensed by the Reserve Bank, making it the country's 24th registered lender. More >>
CORRECT: Unlisted mulls FMA licence as deadline looms
Tuesday, 15 July 2014, 9:55 am | BusinessDesk
July 14 (BusinessDesk) - Unlisted, the share trading platform run by Armillary Private Capital, is mulling an application to be a registered market or seek to be exempted ahead of a Dec. 1 rule change after rival NZX gained a ministerial exemption. More >>
Unlisted mulls FMA licence as deadline looms
Tuesday, 15 July 2014, 9:31 am | BusinessDesk
July 14 (BusinessDesk) - Unlisted, the share trading platform run by Armillary Private Capital, is mulling an application to be a registered market or seek to be exempted ahead of a Dec. 1 rule change after rival NZX gained a ministerial exemption. More >>
NZ dollar trades near 88 US cts for 3rd session
Tuesday, 15 July 2014, 8:44 am | BusinessDesk
NZ dollar trades near 88 US cts for 3rd session ahead of Yellen, RBA minutes More >>
While you were sleeping: Dow climbs to record
Tuesday, 15 July 2014, 7:48 am | BusinessDesk
July 15 (BusinessDesk) - Wall Street rose, pushing the Dow to a record high, as better-than-expected earnings from Citigroup bolstered optimism about the outlook for corporate profit growth in the world’s largest economy. More >>
MARKET CLOSE: NZ shares rise; Telecom at month high
Monday, 14 July 2014, 5:49 pm | BusinessDesk
July 14 (BusinessDesk) - New Zealand stocks rose from a three-month low as investors sought out defensive options ahead of next month's reporting season and September's general election. Telecom Corp paced gains to rise to a month high. Contact Energy, ... More >>
Infratil to decide on Aust energy assets in 2 months
Monday, 14 July 2014, 5:35 pm | BusinessDesk
Jul. 14 (BusinessDesk) - Infratil, the infrastructure investor, expects to make a final decision on what to do with its Australian energy assets in September. More >>
NZ dollar holds above 88 US cts before Yellen, CPI
Monday, 14 July 2014, 5:24 pm | BusinessDesk
July 14 (BusinessDesk) - The New Zealand dollar held above 88 US cents as traders weighed the prospects that Federal Reserve chair Janet Yellen will this week say the world's biggest economy needs stimulus for longer, weakening the greenback and ... More >>
