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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 976]
RBA, Chinese data loom to influence kiwi dollar today
Tuesday, 1 July 2014, 8:55 am | BusinessDesk
Jul. 1 (BusinessDesk) - The New Zealand dollar was little changed against the Australian dollar ahead of today's Reserve Bank of Australia decision on interest rates and the release of manufacturing data for China, the largest trading partner for both ... More >>
While you were sleeping: Stocks hold near highs
Tuesday, 1 July 2014, 7:39 am | BusinessDesk
July 1 (BusinessDesk) – Wall Street was mixed as a better-than-expected report on US home sales and a weaker-than-anticipated one on manufacturing provided little incentive to push stocks already trading near record highs. More >>
MARKET CLOSE: NZ shares fall to end quarter little changed
Monday, 30 June 2014, 5:50 pm | BusinessDesk
June 30 (BusinessDesk) - New Zealand shares fell on the final day of the quarter and financial year-end, leaving the NZX 50 Index little changed in the past three months. Air New Zealand, Pacific Edge and Telecom Corp paced the day's decline. More >>
NZ dollar weakens after drop in business confidence
Monday, 30 June 2014, 5:19 pm | BusinessDesk
June 30 (BusinessDesk) - The New Zealand dollar fell after a survey showed a decline in business confidence this month, giving traders more reason to sell a currency near a three-year high against the greenback and near a record on a trade-weighted ... More >>
ERoad may raise $40 mln in IPO, seek NZX listing
Monday, 30 June 2014, 4:18 pm | BusinessDesk
June 30 (BusinessDesk) - ERoad, whose products allow transport companies to manage and pay road user charges and keep track pof their fleet, is planning to raise some $40 million in new capital via an initial public offering before seeking to list ... More >>
ASX-listed Vocus halted amid acquisition talk
Monday, 30 June 2014, 2:11 pm | BusinessDesk
June 30 (BusinessDesk) - Shares of Vocus Communications were halted from trading on the ASX after National Business Review reported it is close to buying fibre optic cable network operator FX Networks for more than $100 million. More >>
NZ business confidence slides in June amid rising rates
Monday, 30 June 2014, 1:31 pm | BusinessDesk
June 30 (BusinessDesk) - New Zealand business confidence slid this month and rising interest rates have been fingered as the culprit. More >>
NZ Dollar Outlook: Kiwi may rise to new record
Monday, 30 June 2014, 1:11 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may rise to record high as local economy seen outperforming US More >>
NZ building consents fall in May as apartment numbers sink
Monday, 30 June 2014, 11:46 am | BusinessDesk
June 30 (BusinessDesk) – The number of dwelling consents issued in New Zealand fell in May as apartment numbers tumbled, offsetting a rise in housing consents. More >>
NZX compliance gets pass mark in third obligations review
Monday, 30 June 2014, 11:19 am | BusinessDesk
June 30 (BusinessDesk) - The Financial Markets Authority's annual review has given NZX a pass mark for compliance with regulatory obligations and lists 11 moves the stock market operator will take to further improve transparency and operations. More >>
New Zealand employment confidence highest since GFC
Monday, 30 June 2014, 10:50 am | BusinessDesk
June 30 (BusinessDesk) – Employment confidence is at its highest level in nearly six years and Auckland has overtaken Canterbury as the most confident region in the latest Westpac McDermott Miller Employment Confidence Index survey. More >>
Goodman Fielder shares halted pending announcement
Monday, 30 June 2014, 10:20 am | BusinessDesk
June 30 (BusinessDesk) - Shares in Goodman Fielder have been halted pending a material announcement from the food ingredients maker More >>
Warehouse will take over Auckland appliance store sites
Monday, 30 June 2014, 10:14 am | BusinessDesk
June 30 (BusinessDesk) - Warehouse Group, New Zealand's largest retailer, will take over five Auckland store leases and offer employment to staff when Australian discount electrical goods retailer The Good Guys exits the New Zealand market. More >>
OceanaGold has new banking facilities
Monday, 30 June 2014, 10:08 am | BusinessDesk
June 30 (BusinessDesk ) - OceanaGold Corp, New Zealand’s largest gold miner, has new banking arrangements it says will give it more flexibility. More >>
NZ dollar holds at elevated levels ahead of new data
Monday, 30 June 2014, 8:41 am | BusinessDesk
June 30 (BusinessDesk) - The New Zealand dollar is little changed at elevated levels as traders await new data in the coming week to provide direction. More >>
World Week Ahead: Eyes on Yellen, jobs
Monday, 30 June 2014, 8:10 am | BusinessDesk
June 30 (BusinessDesk) – A speech by US Federal Reserve Chair Janet Yellen and American jobs reports will provide key focus during a holiday-shortened week on Wall Street. More >>
CORRECT - MARKET CLOSE: NZ shares rise after outage
Friday, 27 June 2014, 6:08 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand shares rose in a shortened session after technical difficulties halted trading for three hours. Port of Tauranga extended yesterday's gain on news it had secured a minimum volumes across its wharves in a deal the Fonterra ... More >>
Smiths City full year profit falls as sales slip
Friday, 27 June 2014, 6:05 pm | BusinessDesk
June 27 (BusinessDesk) - Smiths City Group, the Christchurch-based department store chain, posted a 24 percent decline in annual profit on weaker appliance sales. More >>
BOC says second CO2 source to meet growing demand
Friday, 27 June 2014, 5:58 pm | BusinessDesk
June 27 (BusinessDesk) - BOC, the New Zealand unit of the world's largest industrial gas company, says a deal with NZ Refining gives it a second source of carbon dioxide (CO2) it can process to meet growing demand from the dairy, food processing and beverage ... More >>
NZ dollar TWI hits fresh record as investors lured to yield
Friday, 27 June 2014, 5:54 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand's trade-weighted index touched a fresh record as investors take advantage of borrowing in lower interest rate markets overseas to invest in New Zealand's higher yielding market. More >>
