Scoop has an Ethical Paywall
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 986]
IMF cites NZ's biggest risks: China, house and export prices
Tuesday, 10 June 2014, 12:27 pm | BusinessDesk
June 10 (BusinessDesk) - A sharp slowdown in China's growth, financial market volatility, a sustained decline in commodity prices and a drop in house prices are the biggest potential risks facing the New Zealand economy, according to an assessment by the ... More >>
NZ first quarter manufacturing sales volumes rose 0.5%
Tuesday, 10 June 2014, 12:22 pm | BusinessDesk
Jun. 10 (BusinessDesk) - New Zealand manufacturing sales volumes rose a seasonally adjusted 0.5 percent in the first quarter, led by gains in chemical and petroleum manufacturing. More >>
Serko closes IPO public offer early, may scale applications
Tuesday, 10 June 2014, 12:19 pm | BusinessDesk
June 10 (BusinessDesk) - Serko, the online business travel booking company, has closed the retail portion of its share offer nine days early and said it may scale back public share requests after strong investor demand. More >>
NZX trading halted on system glitch
Tuesday, 10 June 2014, 11:18 am | BusinessDesk
June 10 (BusinessDesk) - Trading on the NZX has been halted for 20 minutes due to a system error. More >>
Transpacific gains OIO approval for NZ unit sale
Tuesday, 10 June 2014, 11:15 am | BusinessDesk
June 10 (BusinessDesk) - The Overseas Investment Office has approved the sale of the New Zealand waste management arm of Transpacific Industries to Beijing Capital Group. More >>
Nuplex cuts earnings guidance a second time
Tuesday, 10 June 2014, 10:13 am | BusinessDesk
June 10 (BusinessDesk) - Nuplex Industries cut its full-year earnings guidance for a second time, saying competition across its Australia and New Zealand business has squeezed margins for both resins and specialty chemicals. More >>
NZ dollar weakens as US interest rates seen rising
Tuesday, 10 June 2014, 8:44 am | BusinessDesk
June 10 (BusinessDesk) - The New Zealand dollar weakened on the suggestion US interest rates may rise sooner than previously expected, boosting demand for the greenback. More >>
While you were sleeping: Records and takeover deals
Tuesday, 10 June 2014, 7:41 am | BusinessDesk
June 9 (BusinessDesk) – Wall Street touched record highs, with Germany’s DAX closing at a record high, amid a flurry of takeover deals and optimism about the global economic outlook. More >>
MARKET CLOSE: NZ stocks rise in global rally
Monday, 9 June 2014, 5:55 pm | BusinessDesk
June 9 (BusinessDesk) - New Zealand stocks edged higher in a global rally as data showed signs of economic growth, while expansion in the domestic economy is likely to see the Reserve Bank hike the official cash rate for a third time this Thursday. ... More >>
Coat-tail deals 'a few weeks away', says Key
Monday, 9 June 2014, 5:33 pm | BusinessDesk
June 9 (BusinessDesk) - Announcements on electorate seat deals for potential coalition partners are "a few weeks away" and will be announced at the same time, Prime Minister John Key says. More >>
NZ dollar gains as traders eye RBNZ's review
Monday, 9 June 2014, 5:25 pm | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar gained on speculation the central bank will reiterate its projection for rising interest rates at this week's review against a backdrop of a strengthening domestic growth and signs of global growth ... More >>
Agri-business leaders fear loss of trade consensus
Monday, 9 June 2014, 3:24 pm | BusinessDesk
June 9 (BusinessDesk) - Leaders in the agri-business sector fear the loss of the traditional political consensus favouring free trade agreements if there's a change of government, but are equally fearful that a Labour-Greens coalition will see heavier ... More >>
Telecom farewells Saatchi boss Kevin Roberts from board
Monday, 9 June 2014, 2:52 pm | BusinessDesk
June 9 (BusinessDesk) - Kevin Roberts, chief executive worldwide of Saatchi and Saatchi, has retired from the Telecom board to be replaced by Yoobi co-founder Ido Leffler. More >>
Fonterra appoints Robert Spurway to head global operations
Monday, 9 June 2014, 1:34 pm | BusinessDesk
June 9 (BusinessDesk) - Fonterra Cooperative Group has tapped Robert Spurway to head up its global operations division in a newly created role as New Zealand’s dominant dairy exporter chases global ingredient sales to offset volatility in dairy prices. More >>
NZ Dollar Outlook: Kiwi may gain on RBNZ outlook
Monday, 9 June 2014, 1:29 pm | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar may gain this week amid expectations the Reserve Bank won't pull back its expectations for interest rate hikes as much as financial markets expect. More >>
Hirepool confirms IPO plans, said to raise $250M
Monday, 9 June 2014, 12:52 pm | BusinessDesk
June 9 (BusinessDesk) - Hirepool, the equipment rental company controlled by Australian private equity firm Next Capital, has confirmed plans to go public with an initial public offering, said to be aimed at raising $250 million. More >>
MightyRiverPower's 2044 bonds deemed 'intermediate equity' b
Monday, 9 June 2014, 12:31 pm | BusinessDesk
June 9 (BusinessDesk) - MightyRiverPower's proposed issue of up to $300 million of July 2044 bonds has been rated BB+ and assessed as 'intermediate equity' by Standard & Poor's, meaning the ratings company will classify 50 percent of the interest ... More >>
NZ first quarter wholesale sales fell 0.4% from 4th qtr
Monday, 9 June 2014, 11:48 am | BusinessDesk
June 9 (BusinessDesk) - New Zealand's seasonally adjusted first-quarter wholesale trade sales slipped 0.4 percent from the previous quarter, led by a decline in machinery and equipment. More >>
NZX splits head of regulation job, taps van Amelsfort
Monday, 9 June 2014, 9:46 am | BusinessDesk
June 9 (BusinessDesk) - The New Zealand stock exchange operator, NZX, is splitting its head of regulation job to separate regulatory decision making from overall policy development in an attempt to strengthen its regulatory role. More >>
NZ dollar little changed, may fall on drop in China imports
Monday, 9 June 2014, 8:52 am | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar was little changed this morning on low liquidity as Australian markets are closed for a public holiday. The currency may decline later in the day following a report that Chinese imports unexpectedly ... More >>
