NZ dollar steady vs euro as Italy coalition talks falter

Article – BusinessDesk

May 28 (BusinessDesk) – The New Zealand dollar was little changed against the euro after talks broke down on forming a new government in Italy and held steady against the greenback as oil led a decline in commodity prices on Friday. Read more »

World Week Ahead: US jobs, inflation in focus

Article – BusinessDesk

May 28 (BusinessDesk) – The latest US jobs data and trade talks between the US and China will form a key focus this week as investors are gearing up for a widely expected Federal Reserve interest rate hike next month. Read more »

MARKET CLOSE: NZ shares up as Comvita, A2 rebound

Article – BusinessDesk

MARKET CLOSE: NZ shares up as Comvita, A2 rebound from weakness, Steel & Tube keeps dropping Read more »

NZ Meat Board chases higher returns from $70M of funds

Article – BusinessDesk

NZ Meat Board chases higher returns from $70M of funds now held in term deposits Read more »

NZ dollar ekes out 0.1% weekly gain, treading water

Article – BusinessDesk

May 25 (BusinessDesk) – The New Zealand dollar is headed for a 0.1 percent weekly gain against the greenback and is largely treading water as markets eye the political turbulence between the US and North Korea. Read more »

NZ industrial property offers ‘good returns’, analyst says

Article – BusinessDesk

May 25 (BusinessDesk) – New Zealand industrial property is offering investors good returns, growing faster than office and retail sites, a trend thats been picked up on by some of the nations biggest listed property investors. Read more »

Top oil analyst slams Govt’s ‘errors and misrepresentations’

Article – BusinessDesk

May 25 (BusinessDesk) – Government ministers are peddling a range of “incorrect or misleading” arguments about the impact of its ban on issuing new licences for offshore oil and gas exploration, says leading oil and gas sector analyst John … Read more »

Augusta earnings fall as delayed fund pushes out fees

Article – BusinessDesk

May 25 (BusinessDesk) – Augusta Capitals annual earnings dropped 14 percent as delays to the launch of its $118 million industrial property fund meant anticipated fees didnt eventuate in the period, unlike costs tied to the offer. Read more »

Stats NZ takes over property transfers data from LINZ

Article – BusinessDesk

May 25 (BusinessDesk) – Statistics New Zealand will publish statistics on property transfers by all New Zealanders and overseas people from June 7, after taking over the task from Land Information New Zealand. Read more »

Anzco Foods says annual pre-tax profit fell 90%

Article – BusinessDesk

May 25 (BusinessDesk) – Meat processor and exporter Anzco Foods reported a 90 percent plunge in full-year pre-tax profit in what it said was a tough year for beef processing. Read more »

Veritas’ Morton to step down after Nomura deal announced

Article – BusinessDesk

May 25 (BusinessDesk) – Veritas Investments director Michael Morton will step down from the board next month, after a meeting where shareholders will vote on whether to agree to a $27.5 million loan from Japanese investment bank Nomura Holdings. Read more »

Spark to take bigger Quantum leap

Article – BusinessDesk

May 25 (BusinessDesk) – Spark New Zealand expects annual earnings to fall by as much as 2.5 percent this year as it brings forward restructuring costs and accelerates its ‘Quantum Programme’ to transform the country’s biggest telecommunications company … Read more »

NZ dollar steady as Trump scraps North Korea summit

Article – BusinessDesk

May 25 (BusinessDesk) – The New Zealand dollar was little changed against the greenback after US President Donald Trump scrapped a planned summit with North Korean leader Kim Jong Un and the US said it was considering tariffs on imports of cars and trucks. Read more »

Wall St declines while Treasuries, gold gain

Article – BusinessDesk

May 25 (BusinessDesk) – US Treasuries and gold rose, while Wall Street fell, as President Donald Trump cancelled a summit with North Koreas Kim Jong Un, underpinning concern about geopolitical uncertainty as well as trade talks between the worlds largest … Read more »

MARKET CLOSE: NZ shares up on A2 Milk rebound

Article – BusinessDesk

May 24 (BusinessDesk) – New Zealand shares gained as A2 Milk Co rebounded from recent selling, while Fletcher Building and Comvita fell. Read more »

NZ dollar holds gains against greenback as markets fret

Article – BusinessDesk

May 24 (BusinessDesk) – The New Zealand dollar held its gains against the greenback in Asian trading as US dollar sentiment was dented by ongoing jitters over global trade. Read more »

Commercial drone operators upbeat about outlook: survey

Article – BusinessDesk

May 24 (BusinessDesk) – Commercial drone operators in New Zealand are mainly occupied with filming, aerial mapping and inspections and count the real estate and construction sectors as their biggest customers, an Airways NZ survey shows Read more »

Resurgent Chinese visitors offset lethargic tourism sector

Article – BusinessDesk

May 24 (BusinessDesk) -A resurgence of Chinese visitors is a highlight for the domestic tourism sector, which economists say may be in a lull after a last years spike during the British and Irish Lions tour. Read more »

Oceania Dairy, Yili’s NZ dairy processor, grows sales

Article – BusinessDesk

May 24 (BusinessDesk) – Oceania Dairy, the South Canterbury-based dairy company owned by Inner Mongolia Yili Industrial Group, has continued to make products for the Chinese market in New Zealand at a loss, its 2017 accounts show. Read more »

Show us you’re clean: FMA, Reserve Bank letter to insurers

Article – BusinessDesk

May 24 (BusinessDesk) – Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isnt happening here – or is being addressed. Read more »