Archive for the 'Article' Category

Former mortgage broker convicted of fraud

Article – BusinessDesk

Former mortgage broker convicted of fraud after forging documents to help poor families buy properties Read more »

Briscoe issues a take-it-or-leave-it statement to Kathmandu

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Briscoe Group, the retailer controlled by managing director Rod Duke, won’t lift its price to buy Kathmandu Holding tell the shareholders in the outdoor goods chain to take it or leave it. Read more »

MARKET CLOSE: NZ shares fall; Pacific Edge, Xero, A2 decline

Article – BusinessDesk

Sept. 2 (BusinessDesk) – New Zealand shares fell following a sharp decline on Wall Street overnight, and were the worst performer across Asia in local trading. Momentum stocks, such as Pacific Edge, Xero and A2 Milk Co declined. Sky Network Television … Read more »

NZ dollar gains vs. Australian dollar on weaker growth

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The New Zealand dollar gained against the Australian dollar after data showed slowing economic growth in Australia, while a pick-up in dairy prices soothed concerns about the outlook for local exports. Read more »

SkyCity bonds priced at bottom end of interest rate range

Article – BusinessDesk

Sept. 2 (BusinessDesk) – SkyCity Entertainment Group, the country’s only listed casino operator, will sell $125 million of seven-year bonds paying annual interest of 4.65 percent, the bottom end of the indicative price range. Read more »

Loyalty NZ’s annual sales gain 6.6% on demand for Fly Buys

Article – BusinessDesk

Loyalty NZ’s annual sales gain 6.6% on demand for Fly Buys By Jonathan Underhill Read more »

MetService FY profit drops on delays in inking MoT contract

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Meteorological Service of New Zealand, the state-owned weather bureau, said 2015 annual profit dropped by almost two thirds because of delays in finalising a new deal with the Ministry of Transport, its largest contract. Read more »

NZ commodity prices fall for fifth month, led by dairy

Article – BusinessDesk

Sept. 2 (BusinessDesk) – New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years. Read more »

FX trader Jin Yuan Finance warned over lack of monitoring

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. Read more »

Kiwi Property buys Westgate mall for $82.5 million

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Kiwi Property Group, the country’s largest listed property investor, paid $82.5 million for the Westgate retail centre in Auckland being developed by New Zealand Retail Property Group. Read more »

NZ dollar declines on China slowdown concerns

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The New Zealand dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia’s largest economy. Read more »

While you were sleeping: China worries sink stocks

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Wall Street followed the slide of equities in Europe and Asia, amid mounting concern that the slowing pace of growth in China will curb the global economy. Read more »

Dairy product prices climb for second straight auction

Article – BusinessDesk

Sept. 2 (BusinessDesk) – Dairy product prices climbed in the latest GlobalDairyTrade auction, increasing for a second straight auction after nearly six months of declines. Read more »

Job Done for winning pitch in Fonterra innovation comp

Article – BusinessDesk

Sept. 1 (BusinessDesk) – It is indeed job done for the digital innovation start up of the same name which has secured a business relationship with dairy giant Fonterra Cooperative Group after delivering the winning pitch at an Auckland innovation event … Read more »

MARKET CLOSE: NZ shares mixed amid weak China manufacturing

Article – BusinessDesk

MARKET CLOSE: NZ shares fall as weak China manufacturing spurs regional selloff; ANZ, Westpac, Chorus decline Read more »

NZ dollar gains ahead of dairy auction

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The New Zealand dollar recovered some of yesterday’s decline ahead of the latest dairy products auction, which will likely show a lift in prices, while weak Chinese manufacturing data continued to keep traders nervous. Read more »

Australian central bank keeps cash rate unchanged at 2%

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a fourth month, reiterating that domestic inflation pressures remain “contained” and the Australian dollar is adjusting to … Read more »

Pressing need for basics overtakes Chch ‘smart city’ plan

Article – BusinessDesk

Sept. 1 (BusinessDesk) – A plan to transform Christchurch into “the world’s smartest city”, taking advantage of the earthquake rebuild to incorporate ‘intelligent infrastructure’ that could monitor and optimise use of services like energy and water, … Read more »

Hubbard Management Funds investors get their money back, wit

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management, where the administrators had to pick apart “poor accounting records” … Read more »

Just Water posts 17% decline in annual profit

Article – BusinessDesk

Sept. 1 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, reported a 17 percent drop in annual profit, as restructuring costs weighed on the bottom line. Read more »

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