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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 98]
Weaker dairy prices weigh on NZ terms of trade in Dec qtr
Friday, 1 March 2019, 2:33 pm | BusinessDesk
March 1 (BusinessDesk) - New Zealand's terms of trade shrank in the last quarter of 2018 as weaker dairy prices weighed on the value of those exports, while at the same time increasingly expensive fuel drove up the cost of imports. More >>
Annual housing consents reach a near 44-year high in January
Friday, 1 March 2019, 2:27 pm | BusinessDesk
March 1 (BusinessDesk) - Local authorities issued more housing consents in the year ended January, the highest number in a year since early 1975, Stats NZ says. More >>
Upbeat NZ consumers grow warier about the long-term economy
Friday, 1 March 2019, 1:37 pm | BusinessDesk
March 1 (BusinessDesk) - New Zealand consumers have remained relatively upbeat about the state of their finances, but are growing warier about the wider economy. More >>
NZD weaker on stronger-than-expected US data
Friday, 1 March 2019, 11:10 am | BusinessDesk
March 1 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected fourth quarter economic growth in the US gave the greenback a lift. Ongoing US-China trade uncertainty and heightened geopolitical tensions also weighed on sentiment. More >>
Litigation funding in the spotlight in March
Friday, 1 March 2019, 11:09 am | BusinessDesk
March 1 (BusinessDesk) - Litigation funding - hardly a phrase on everyone’s lips, is set to move into the spotlight during the next few weeks. More >>
Scott St John leaves Fonterra Fund manager's board
Friday, 1 March 2019, 10:29 am | BusinessDesk
March 1 (BusinessDesk) - Fonterra director and veteran capital markets executive Scott St John has left the board of the shareholder fund's manager, the same day the units plunged to a new low. More >>
MARKET CLOSE: NZ shares gain in earnings season curtain call
Thursday, 28 February 2019, 8:58 pm | BusinessDesk
Feb. 28 (BusinessDesk) - New Zealand shares rose as the local earnings season ended on a sour note, with Air New Zealand confirming a lacklustre result. Tourism Holdings gained after being upgraded after investors digested its earnings this week. More >>
NZ dollar steady despite weaker business confidence
Thursday, 28 February 2019, 8:57 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The New Zealand dollar held steady despite poor local business confidence figures and data from China showing factory activity is slowing. More >>
UPDATE: Arrow goes into voluntary administration
Thursday, 28 February 2019, 8:56 pm | BusinessDesk
(Updates to show BDO partners have been appointed administrators in 2nd par and more details from 16th par) More >>
Arrow International goes into voluntary administration
Thursday, 28 February 2019, 6:56 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Arrow International has gone into voluntary administration after insisting for more than two weeks that it didn’t have cash flow difficulties. More >>
Fonterra Fund units hit record low
Thursday, 28 February 2019, 6:55 pm | BusinessDesk
Fonterra Fund units hit record low after coop ditches first-half dividend, lowers earnings outlook More >>
Economists say Fonterra may be too pessimistic
Thursday, 28 February 2019, 5:07 pm | BusinessDesk
Economists say Fonterra may be too pessimistic on milk production More >>
UPDATE: Generators cleared of collusion, may face inquiry
Thursday, 28 February 2019, 5:00 pm | BusinessDesk
UPDATE: Generators cleared of collusion, may face ASIC inquiry More >>
Business gets gloomier again, ending recent recovering trend
Thursday, 28 February 2019, 4:33 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Businesses became gloomier in February, belying expectations that firms were coming out of their funk, and various activity indicators also ticked down. More >>
Businesses lifted R&D spending 34% between 2016 and 2018
Thursday, 28 February 2019, 2:50 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Businesses increased their spending on research and development by $548 million in the last two years to $2.15 billion in calendar 2018, Stats NZ says. More >>
First 5G spectrum auction on track for early 2020 - Faafoi
Thursday, 28 February 2019, 2:33 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The government has confirmed the first auction of 5G spectrum with be the 3.5 GHz band and will be held early in 2020. More >>
Corporate tax take lagging expectations in Crown accounts
Thursday, 28 February 2019, 2:08 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The government isn't seeing as much tax from corporate taxpayers as it anticipated in the first seven months of the fiscal year, but the operating surplus is still ahead of forecast because of less spending than expected. More >>
King Salmon boss asks govt for 'green aquaculture' support
Thursday, 28 February 2019, 1:46 pm | BusinessDesk
Feb. 28 (BusinessDesk) - New Zealand's aquaculture industry is not getting the support it needs from a government that says it wants to switch to forms of farming that have less impact on the environment, New Zealand King Salmon says. More >>
Auckland Council lifts leaky homes provision 10%
Thursday, 28 February 2019, 1:24 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Auckland Council has lifted its provision to cover leaky building claims by nearly 10 percent, its first-half financial report shows. More >>
Generators cleared of collusion, may face ASIC inquiry - EA
Thursday, 28 February 2019, 1:23 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The country’s major electricity generators have been cleared of tacit collusion during last year’s electricity price spikes but may yet be subject to investigation by the Australian Securities and Investments Commission. More >>
