Archive for the 'Article' Category

Airport staffer pleads guilty to three fraud charges

Article – BusinessDesk

July 26 (BusinessDesk) – Former Auckland International Airport employee Teremoana Kimiangatau has pleaded guilty to charges of defrauding the airport out of about $1.8 million. Read more »

NZ annual fruit exports jump, led by record kiwifruit sales

Article – BusinessDesk

July 26 (BusinessDesk) – New Zealand fruit exports have been the shining star of commodities over the past year, countering a weak period for exports of dairy products. Read more »

IRD scores an ‘A’ in Treasury investor confidence ratings

Article – BusinessDesk

July 26 (BusinessDesk) – The Inland Revenue Department has scored an ‘A’ in the first tranche of the Treasury’s investor confidence rating (IRC) for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, … Read more »

Australian medical research investment fund signs up Kiwis

Article – BusinessDesk

July 26 (BusinessDesk) – Three New Zealand research organisations have signed up to become members of the Medical Research Commercialisation Fund, Australias largest life science venture fund. Read more »

While you were sleeping: Home run awaited

Article – BusinessDesk

July 26 (BusinessDesk) – Wall Street slid with the price of oil, pushing down shares of Chevron and Exxon Mobil, as investors awaited a host of key events including a slew of corporate earnings and a Federal Reserve policy meeting. Read more »

Govt seeking boost for predator-free policy

Article – BusinessDesk

July 25 (BusinessDesk) – The government is seeking funding from businesses and philanthropists to support its “aspirational” policy, announced today, to make New Zealand predator-free by 2050. Read more »

Govt seeking business, philanthropy for predator-free policy

Press Release – BusinessDesk

The government is seeking funding from businesses and philanthropists to support its “aspirational” policy, announced today, to make New Zealand predator-free by 2050. Read more »

PM censures Trade Minister for ‘head of a pin’ answers

Article – BusinessDesk

July 25 (BusinessDesk) – Prime Minister John Key has censured his newbie Trade Minister, Todd McClay, for “dancing on the head of a pin” in answers he gave to both Key and news media when first asked about alleged trade threats from China over steel … Read more »

NZD edges lower as Fed meeting takes centre stage this week

Article – BusinessDesk

July 25 (BusinessDesk) – The New Zealand dollar dipped as investors prepare for the Federal Reserve’s policy review this week and will be looking for signs the world’s biggest central bank will raise interest rates later this year. Read more »

Augusta shareholders back Finance Centre sale

Press Release – BusinessDesk

July 25 (BusinessDesk) – Augusta Capital’s shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. Read more »

Caltex’s AA smartfuel deal to cost Z Energy $5 million

Article – BusinessDesk

July 25 (BusinessDesk) – Z Energy, which is completing the integration of the Caltex fuel stations and Challenge! brand, has warned investors that it expects earnings to be $5 million lower due to Caltex’s deal with AA Smartfuel. Read more »

Buckley Systems doubles factory space

Article – BusinessDesk

July 25 (BusinessDesk) – Auckland-based manufacturer Buckley Systems has almost doubled its factory space to meet demand for its precision electromagnets. Read more »

House prices to peak next year on new supply

Article – BusinessDesk

July 25 (BusinessDesk) – New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics. Read more »

Hugh Green’s children ask court to overrule High Court

Article – BusinessDesk

July 25 (BusinessDesk) – Two of late NBR Rich Lister Hugh Green’s children are asking the Court of Appeal to overturn a ruling that returned control of Green’s $400 million business empire to their sister. Read more »

NZ export log prices drop to 7-month low

Article – BusinessDesk

July 25 (BusinessDesk) – New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. Read more »

Woolworths writes down EziBuy by A$309M

Article – BusinessDesk

July 25 (BusinessDesk) – Australian supermarket chain Woolworths has written off A$309 million from the value of its New Zealand clothing and homeware retailer EziBuy and wants to sell the business as part of an overhaul that will also see some local … Read more »

Wellington Airport plans to sell $60 million of 8-year bonds

Article – BusinessDesk

July 25 (BusinessDesk) – Wellington International Airport plans to sell as much as $60 million of eight-year bonds, joining a growing number of companies taking advantage of record low-interest rates through the debt market. Read more »

World Week Ahead: Wall St seen powering higher

Article – BusinessDesk

July 25 (BusinessDesk) – A Federal Reserve policy meeting, a slew of US earnings including from Apple, Facebook and Twitter, as well as a flurry of economic data will take centre stage this week as investors are trying to gauge whether fresh records … Read more »

NZ dollar little changed as focus shifts

Article – BusinessDesk

July 25 (BusinessDesk) – The New Zealand dollar was little changed at the open of the week’s trading as investors shifted their focus to central bank meetings in the US and Japan. Read more »

Steel & Tube shares recover from 15-year low

Article – BusinessDesk

July 22 (BusinessDesk) – Steel & Tube Holding’s share price has recovered from a fifteen-year low after a flow of bad news ceased. Read more »

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