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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 970]
NZ inflation edges closer to RBNZ's mid-point
Monday, 14 July 2014, 3:04 pm | BusinessDesk
July 14 (BusinessDesk) - New Zealand business confidence fell from a 20-year high in the second quarter, based on the Quarterly Survey of Business Opinion, but most economists focussed on signs in the survey that inflation is accelerating. More >>
NZ Dollar Outlook: Kiwi may test post-float high
Monday, 14 July 2014, 12:25 pm | BusinessDesk
July 14 (BusinessDesk) - The New Zealand dollar may test a post-float record this week with second-quarter inflation figures likely to underline the Reserve Bank's path to higher interest rates, though the currency may struggle to hold those gains. More >>
NZ services sector expands in June, rounding out buoyant 2Q
Monday, 14 July 2014, 11:46 am | BusinessDesk
July 14 (BusinessDesk) - New Zealand service sector activity, which accounts for about two thirds of the economy, rose in June to round out a second quarter almost as buoyant as the first three months of the year. More >>
NZ house sales fall in June, led by cheaper properties
Monday, 14 July 2014, 10:24 am | BusinessDesk
July 14 (BusinessDesk) - New Zealand house sales fell in June from a year earlier, led by properties of $400,000 or less, indicating the Reserve Bank's restrictions on low-equity loans are curbing demand at the cheaper end of the market. More >>
NZ dollar holds above 88 US cents, may test record this week
Monday, 14 July 2014, 9:02 am | BusinessDesk
July 14 (BusinessDesk) - The New Zealand dollar held above 88 US cents and may test its post-float high this week as traders prepare for testimony from US Federal Reserve chair Janet Yellen and local data that's expected to confirm inflation is accelerating. More >>
World Week Ahead: Yellen testifies to Congress
Monday, 14 July 2014, 6:42 am | BusinessDesk
July 14 (BusinessDesk) - US Federal Reserve Chair Janet Yellen’s testimony to Congress will offer a key focus in the coming days, while investors will also try to gauge whether earnings support the improved outlook for the world’s biggest economy. More >>
MARKET CLOSE: NZ shares decline as sentiment wanes
Friday, 11 July 2014, 5:53 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand shares declined, tracking US and European equities lower as sentiment waned on concern about the euro-zone's financial stability after a major Portuguese bank missed debt payments. More >>
Infratil appoint Kiwibank deputy chair Alison Gerry to board
Friday, 11 July 2014, 5:44 pm | BusinessDesk
Jul. 11 (BusinessDesk) - Infratil, the infrastructure investor, has appointed Kiwibank deputy chair Alison Gerry to its board. More >>
NZ dollar heads for 0.8% weekly gain, tests post-float high
Friday, 11 July 2014, 5:14 pm | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent gain against the greenback this week, having tested a post-float high 88.40 US cents, as the prospect of lower interest rates in the US stokes demand for higher-yielding ... More >>
Kiwibank credit rating outlook upgraded with sovereign
Friday, 11 July 2014, 3:08 pm | BusinessDesk
July 11 (BusinessDesk) - Government-owned lender Kiwibank has had the outlook on its credit ratings upgraded by Fitch Ratings as a result of its upbeat assessment of the sovereign earlier this week. More >>
Proposed P2P business sale problematic for FMA licensing
Friday, 11 July 2014, 11:54 am | BusinessDesk
July 10 (BusinessDesk) - The proposed $1 million sale of an unnamed, yet-to-be-licensed peer-to-peer lending and equity crowd funding platform may hit the skids as the licences are not transferable, the Financial Markets Authority says. More >>
NZ June food prices rise as winter drives up cost of veges
Friday, 11 July 2014, 11:25 am | BusinessDesk
July 11 (BusinessDesk) - New Zealand food prices rose in June as the onset of winter brought on higher prices for out-of-season vegetables. More >>
RESEND: NZ dollar rises to 13-month high vs. Euro
Friday, 11 July 2014, 9:20 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar touched a 13-month high against the euro overnight as traders favour investing in a country with a more buoyant economy than Europe. More >>
NZ dollar rises to 13-month vs. Euro, TWI at fresh record
Friday, 11 July 2014, 9:14 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar touched a 13-month high against the euro overnight as traders favour investing in a country with a more buoyant economy than Europe. More >>
Fonterra to build third Chinese farm hub
Friday, 11 July 2014, 8:28 am | BusinessDesk
July 11 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, plans to build a third farm hub in China in a US$300 million joint venture with New York Stock Exchange-listed Abbott Laboratories, in its latest attempt to latch on ... More >>
While you were sleeping: Portuguese banking worries
Friday, 11 July 2014, 7:56 am | BusinessDesk
July 11 (BusinessDesk) - Equities on both sides of the Atlantic declined as concern about Portugal’s largest publicly traded bank renewed worry about the euro-zone’s financial stability. More >>
While you were sleeping: Portuguese banking worries
Friday, 11 July 2014, 7:55 am | BusinessDesk
July 11 (BusinessDesk) - Equities on both sides of the Atlantic declined as concern about Portugal’s largest publicly traded bank renewed worry about the euro-zone’s financial stability. More >>
MARKET CLOSE: NZ shares rise; investors await earnings
Thursday, 10 July 2014, 6:08 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand shares rose, following stocks across Asia higher, as investors await next month's earnings season for clearer steer on where the market will head next. Xero led gainers. More >>
NZ dollar hits three-month high vs. Aussie on weak jobs data
Thursday, 10 July 2014, 5:45 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar climbed to a three-month high against its Australian counterpart after a higher-than-expected unemployment rate across the Tasman made the local currency more attractive. More >>
Kiwi Income seven-year bonds oversubscribed
Thursday, 10 July 2014, 3:26 pm | BusinessDesk
Jul. 10 (BusinessDesk) - Kiwi Income Property Trust, the country's second-biggest listed property investor by market value, has had its seven-year bond offer oversubscribed. More >>
