Archive for the 'Article' Category

Cyber-attacks a standard part of doing business with China

Article – BusinessDesk

May 5 (BusinessDesk) – China has been cited as one of the most active countries for cyber crime attacks at New Zealand’s first Cyber Security Summit in Auckland. Read more »

Key’s lawyer, Whitney, no longer a lawyer

Article – BusinessDesk

May 5 (BusinessDesk) – The man routinely described as Prime Minister John Key’s lawyer, John Whitney, is not in fact a lawyer anymore. Read more »

Industry to advise on new cyber crime unit

Article – BusinessDesk

May 5 (BusinessDesk) – Communications Minister Amy Adams is setting up a private sector advisory board to help set up and run the new national Computer Emergency Response Team and introducing a cyber credentials scheme for small businesses later … Read more »

NZ Super Fund ‘happy’ with Z Energy stake

Article – BusinessDesk

May 5 (BusinessDesk) – The New Zealand Superannuation Fund said it is happy to remain a holder of shares in Z Energy, which reached a record high today, after Australian media reports suggesting it planned to sell its 10 percent stake in the fuel retailer. Read more »

Fonterra cuts Australian farmgate milk price

Article – BusinessDesk

May 5 (BusinessDesk) – Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also … Read more »

GeoOp shareholders approve merger with InterfaceIT

Article – BusinessDesk

May 5 (BusinessDesk) – GeoOp shareholders have overwhelmingly approved a merger with Australian mobile sales app developer InterfaceIT and welcomed Roger Sharp to the board, where he is to replace Mark Weldon as chairman. Read more »

Fonterra cuts Australian farmgate milk price, offers loans

Article – BusinessDesk

May 5 (BusinessDesk) – Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also … Read more »

Government to spend $22.2 million to help combat cyber crime

Article – BusinessDesk

May 5 (BusinessDesk) – The government will spend $22.2 million over the next four years to help combat cyber crime. Read more »

Government to spend $22.2 million to help combat cyber crime

Article – BusinessDesk

May 5 (BusinessDesk) – The government will spend $22.2 million over the next four years to help combat cyber crime. Read more »

OIO fee hike will lift staff numbers

Article – BusinessDesk

May 5 (BusinessDesk) – The government has flagged plans to speed up the overseas investment regime, hiking application fees to allow the Overseas Investment Office to take on more staff and clarifying exemption rules. Read more »

Bank of NZ bad debt provision jumps 83%

Article – BusinessDesk

May 5 (BusinessDesk) – Bank of New Zealand’s charge for bad and doubtful debts jumped 83 percent in the first half as the local unit of National Australia Bank doubled its provision against its dairy book in the face of a sustained downturn. Read more »

Turners raises annual earnings guidance

Article – BusinessDesk

May 5 (BusinessDesk) – Turners raised its full-year profit forecast as all its trading operations maintained strong performance in the last quarter of the financial year. Its shares rose 4.6 percent. Read more »

Australia Bank’s NZ cash earnings drop 3% on dairy provision

Article – BusinessDesk

May 5 (BusinessDesk) – National Australia Bank’s New Zealand cash earnings dropped 3 percent in its first half as the lender took impairments against its rural loan book because of the dairy industry downturn while its net interest margin shrank. Read more »

NZX cash market trading climbs 47% in April

Article – BusinessDesk

May 5 (BusinessDesk) – NZX cash trading jumped 47 percent by volume in April from the same month last year with gains in both equity and debt security transactions. Read more »

NZ dollar unchanged as investors await US payrolls report

Article – BusinessDesk

May 5 (BusinessDesk) – The New Zealand dollar was little changed as investors mulled mixed US economic data releases overnight as they await the key US nonfarm payroll data tomorrow for a steer on the outlook for growth in the world’s largest economy. Read more »

MARKET CLOSE: NZ shares fall led by Air NZ, Xero

Article – BusinessDesk

May 4 (BusinessDesk) – New Zealand shares fell, not maintaining yesterday’s gains as Air New Zealand, Xero and Skellerup dropped though Sky Network Television gained. Read more »

While you were sleeping: Equities drop on data

Article – BusinessDesk

May 5 (BusinessDesk) – Wall Street declined as worse-than-expected US economic data and disappointing earnings bolstered concern about the outlook for corporate profits. Read more »

NZ dollar extends decline after China lowers yuan fixing

Article – BusinessDesk

May 4 (BusinessDesk) – The New Zealand dollar extended its decline after China cut its yuan fixing against the US dollar by the most since its devaluation last August, sending the greenback broadly higher. Read more »

NZ Refining needs to dredge Whangarei harbour

Article – BusinessDesk

May 4 (BusinessDesk) – New Zealand Refining hopes to apply for resource consents by the end of this year for dredging Whangarei Harbour, expected to cost between $30 million and $45 million, to allow heavier loads on tankers bringing crude oil … Read more »

Ike GPS shares jump 33% on 2017 breakeven forecast

Article – BusinessDesk

May 4 (BusinessDesk) – IkeGPS shares soared 33 percent after the company said it expects to reach cash breakeven in 2017 on improved sales from its new cloud-based product. Read more »

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