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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 974]
NZ dollar jumps vs. A$ on increased prospect of RBA rate cut
Friday, 4 July 2014, 8:45 am | BusinessDesk
NZ dollar jumps to three-month high vs. Aussie as chance of RBA rate cut increases More >>
While you were sleeping: Solid US jobs data
Friday, 4 July 2014, 7:13 am | BusinessDesk
July 4 (BusinessDesk) – Wall Street climbed to record highs, with the Dow closing above 17,000 for the first time, after a stronger-than-expected employment report bolstered optimism that the recovery in the world’s largest economy is on track. More >>
Wade, don't swim in NZ government's new freshwater policy
Thursday, 3 July 2014, 6:07 pm | BusinessDesk
July 3 (BusinessDesk) - More than decade of false starts and collaborative process by both Labour and National-led governments has concluded with government decisions on a new national policy governing freshwater resources, with some wins for the environment, ... More >>
MARKET CLOSE: NZ shares rise, paced by Tower, Meridian
Thursday, 3 July 2014, 6:04 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand shares rose, paced by Tower, Meridian Energy and Diligent Board Member Services as institutions turned their attention to offers of shares from Metro Performance Glass and Scales Corp, seeking to raise up to a ... More >>
Metroglass, Scales likely to get over the line
Thursday, 3 July 2014, 5:23 pm | BusinessDesk
July 3 (BusinessDesk) - Metro Performance Glass and Scales Corp, seeking to raise a combined total from selling shares of about $460 million, are likely to succeed in their initial public offerings, investors say. More >>
Wellington developer nabs key Auckland wharf project
Thursday, 3 July 2014, 5:05 pm | BusinessDesk
July 3 (BusinessDesk) - Welllington property developer Willis Bond has won the contract to build up to 600 residences, the first residential development in the revitalised Wynyard Quarter, on docklands in Auckland near the city's central business district ... More >>
FMA pings 10 entities for late financial statements
Thursday, 3 July 2014, 4:44 pm | BusinessDesk
Jul. 3 (BusinessDesk) - New Zealand's financial markets regulator has charged eight companies and two contributory mortgage brokers for failing to file their annual reports by due date. More >>
Ryman buys Wellington site from Foodstuffs
Thursday, 3 July 2014, 4:36 pm | BusinessDesk
July 3 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village. More >>
RBNZ deputy to talk dollars with coin fanciers
Thursday, 3 July 2014, 2:33 pm | BusinessDesk
July 3 (BusinessDesk) - Reserve Bank deputy governor Geoff Bascand is to discuss the New Zealand dollar at a conference this weekend, although the coin fanciers in the audience are unlikely to get any hints about current policy. More >>
Metroglass float in the hands of institutions to set price
Thursday, 3 July 2014, 1:17 pm | BusinessDesk
July 3 (BusinessDesk) – A draft prospectus for the float of Metro Performance Glass has been in the hands of fund managers since Monday and they will set the price of the float tomorrow when a bookbuild is completed. More >>
Auckland house sales fall in June, listings dry up: Barfoot
Thursday, 3 July 2014, 10:45 am | BusinessDesk
July 3 (BusinessDesk) - Auckland house sales fell in June, with listings at a five-month low, as the property market enters the traditionally slower winter period, according to realtor Barfoot & Thompson. More >>
NZX share trading rebounds in June, following a dip in May
Thursday, 3 July 2014, 10:14 am | BusinessDesk
July 3 (BusinessDesk) - The volume of New Zealand share trading rebounded in June, following a dip in May which ended a 20-month run of gains. More >>
NZ dollar jumps against Aussie on weak Australian trade data
Thursday, 3 July 2014, 8:50 am | BusinessDesk
Jul. 3 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weaker than expected Australian trade data weighed on sentiment about the company's growth prospects. More >>
While you were sleeping: Strong US private jobs data
Thursday, 3 July 2014, 7:43 am | BusinessDesk
July 3 (BusinessDesk) – Wall Street lingered near record highs as investors awaited the government’s jobs report, due on Thursday, after stronger-than-expected private jobs data underpinned the view that the world’s largest economy is in better shape ... More >>
MARKET CLOSE: NZ shares gain, led by Diligent, Fletcher
Wednesday, 2 July 2014, 6:02 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand shares rose, joining a rally across the Asia-Pacific region after manufacturing data stoked optimism about global growth. Diligent Board Member Services and Xero led gains among tech stocks. Goodman Fielder fell after ... More >>
NZ dollar falls as dairy prices extend decline
Wednesday, 2 July 2014, 5:22 pm | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar declined as dairy prices fell to their lowest in 18 months at Fonterra Cooperative Group's latest GlobalDairyTrade auction, raising concerns about the strength of the local economy. More >>
Peak green body to oppose ironsands mining appeal
Wednesday, 2 July 2014, 3:27 pm | BusinessDesk
July 2 (BusinessDesk) - The Environmental Defence Society says it will join the High Court appeal being pursued by would-be ocean floor ironsands miner TransTasman Resources, which will challenge the rejection of its plans by a decision-making committee of ... More >>
ANZ cuts forecast for Fonterra's 2015 milk payout
Wednesday, 2 July 2014, 2:53 pm | BusinessDesk
July 2 (BusinessDesk) - ANZ New Zealand economists lowered their forecast for Fonterra Cooperative Group's 2015 milk payout to farmers, reflecting the continued slide as dairy prices and a kiwi dollar near three-year highs. More >>
NZ commodity prices fall 0.9% in June
Wednesday, 2 July 2014, 1:28 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand commodity prices fell for a fourth straight month in June, led by apples, logs, whole and skim milk powder. More >>
Vocus agrees to buy FX Networks for $115.8M including debt
Wednesday, 2 July 2014, 1:08 pm | BusinessDesk
July 2 (BusinessDesk) - Vocus Communications, the ASX-listed telecommunications company, agreed to buy FX Networks for $115.8 million including debt, gaining a New Zealand fibre optic cable network operator it says will add to earnings in its first year. ... More >>
