Business Scoop

Less than half of customers say banks can be trusted

Article – BusinessDesk

April 24 (BusinessDesk) – Consumers tend to be satisfied with their banks overall but less than half think banks can be trusted and almost two-thirds doubt they have their customers’ best interests at heart. Read more »

Meeting to stop social media’s use in terrorism

Article – BusinessDesk

April 24 (BusinessDesk) – New Zealand and France will work together to stop social media’s use in organizing and promoting terrorism and violent extremism in the wake of last month’s terrorist attacks in Christchurch that killed 50 people. Read more »

Trade Me hires Schibsted exec Anders Skoe as new CEO

Article – BusinessDesk

April 24 (BusinessDesk) – Trade Me Group has hired Norwegian online marketplace executive Anders Skoe, who will take over the reins of New Zealand’s most popular domestic website later this year. Read more »

NZ dollar weaker as fears of US slowdown ease

Article – BusinessDesk

April 24 (BusinessDesk) – The New Zealand dollar fell after upbeat US data and earnings reduced concerns about a possible slowdown there and helped stoke appetite for the greenback. Read more »

Reduce bank capital target and move slowly, says Harbour

Press Release – BusinessDesk

April 24 (BusinessDesk) – Harbour Asset Management is calling for the Reserve Bank to lower its target for bank capital and to phase the new regime in over at least 10 years while allowing for at least one pause to take stock of the actual impact. Read more »

MARKET CLOSE: NZX50 tops 10,000, growing 284% in past decade

Article – BusinessDesk

April 23 (BusinessDesk) – The S&P/NZX 50 Index broke through the 10,000 level for the first time today, and has climbed about 284 during the past 10 years. Read more »

NZ dollar little changed ahead of Australian CPI data

Article – BusinessDesk

April 23 (BusinessDesk) – The New Zealand dollar was little changed ahead of Australian inflation data due tomorrow, a key indicator to whether the Reserve Bank of Australia will cut interest rates. Read more »

NZX50 cracks 10,000 level as weak kiwi boosts A2, F&P

Article – BusinessDesk

April 23 (BusinessDesk) – The S&P/NZX 50 Index broke through the 10,000 level for the first time in trading today as exporters such as A2 Milk and Fisher & Paykel Healthcare benefited from a weaker kiwi dollar. Read more »

Zespri signals upside for grower payments in 2020

Article – BusinessDesk

April 23 (BusinessDesk) – Kiwifruit marketer Zespri is forecasting a potential lift of up to 6 percent in payments to growers this season. Read more »

Bathurst maintains guidance despite reduced Stockton output

Article – BusinessDesk

April 23 (BusinessDesk) – Bathurst Resources has maintained its full-year earnings guidance despite reduced production at Stockton and a shipping delay trimming March-quarter earnings. Read more »

ComCom conditionally approves Knauf-USG merger

Article – BusinessDesk

April 23 (BusinessDesk) – The Commerce Commission has followed its Australian counterpart’s lead in approving a merger of building products giants Knauf and USG, provided it sells its share of a trans-Tasman joint venture. Read more »

NZD below 67 US cents after US data lifts greenback

Article – BusinessDesk

April 23 (BusinessDesk) – The New Zealand dollar remained under pressure after taking a tumble on strong US data late last week ahead of the four-day Easter holiday weekend Read more »