Archive for the 'Article' Category

While you were sleeping: Wall St ticks higher

Article – BusinessDesk

May 25 (BusinessDesk) – Wall Street moved higher as investors eyed minutes from the latest Federal Reserve meeting, slated for release on Wednesday afternoon, for fresh clues on the outlook for interest rate increases. Read more »

MARKET CLOSE: NZ shares rise, led by Arvida

Article – BusinessDesk

May 24 (BusinessDesk) – Arvida Group led the New Zealand share market higher as investors were cheered by positive earnings reports and – like much of Asia – shrugged off news Moody’s Investors Service cut its sovereign credit rating on China. Read more »

NZ dollar slips below 70 US cents

Press Release – BusinessDesk

May 24 (BusinessDesk) – The New Zealand dollar dipped below 70 US cents as credit rating agency Moody’s Investors Service downgraded China’s rating on fears rising debt levels could stifle growth in the world’s second-biggest economy, which is also … Read more »

Plant & Food Research-Anagenix tie up

Article – BusinessDesk

May 24 (BusinessDesk) – Crown research institute Plant & Food Research is about the reap the benefits from its first commercial partnership – the Innovation Cell – a venture aimed at bringing together science and marketing expertise to rapidly … Read more »

Air New Zealand passenger numbers rise in April

Article – BusinessDesk

May 24 (BusinessDesk) – Air New Zealand’s passenger numbers rose in April as tourists continue to flood into the country, bolstered by the timing of the Easter holiday. Read more »

Unite Union makes headway in talks with Restaurant Brands

Article – BusinessDesk

May 24 (BusinessDesk) – Unite Union is still negotiating with Restaurant Brands New Zealand after the union’s members, who account for about half the fast food operator’s local workforce, went on strike for the first time in a decade. Read more »

SSC to probe Ministry’s treatment of whistleblowers

Article – BusinessDesk

May 24 (BusinessDesk) – The State Services Commission will investigate claims public servants lost their jobs after raising concerns about the actions of fraudster Joanne Harrison at the Ministry of Transport. Read more »

FMA licenses 201 firms under new securities law regime

Article – BusinessDesk

May 24 (BusinessDesk) – The Financial markets Authority has issued 201 licenses to a variety of financial services firms in the two-and-a-half years of a new securities law regime. Read more »

NZ goods exports hit an April record

Article – BusinessDesk

May 24 (BusinessDesk) – New Zealand’s merchandise exports rose to their highest ever for an April month as increased dairy prices boosted the value of the country’s largest commodity for a seventh consecutive month. Read more »

Mixed blessings for Contact Energy from low southern lakes

Article – BusinessDesk

May 24 (BusinessDesk) – Low inflows of water into the South Island’s hydro-electricity storage lakes are expected to knock Contact Energy’s earnings in the second half of the current financial year but should boost prices for electricity to residential, … Read more »

Arvida, on expansion drive, more than doubles annual profit

Article – BusinessDesk

May 24 (BusinessDesk) – Arvida Group, the retirement village company that listed in 2014, more than doubled annual profit as it expanded its offering and benefited from a buoyant property market. Read more »

Pacific Edge annual loss widens, US push drives sales boost

Article – BusinessDesk

May 24 (BusinessDesk) – Pacific Edge widened its annual loss as the cancer diagnostic company’s focus on expanding its US footprint drove a 62 percent boost in sales. Read more »

AFT Pharmaceuticals reports FY17 loss

Article – BusinessDesk

May 24 (BusinessDesk) – AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period. Read more »

Fonterra lifts forecast milk payments for 2017

Article – BusinessDesk

May 24 (BusinessDesk) – Fonterra Cooperative Group lifted its forecast farmgate payout for this season, and raised its expectations for next season, as the world’s largest exporter of dairy products benefits from rising prices. Read more »

Tower first-half loss narrows as Canterbury quake bill rises

Article – BusinessDesk

May 24 (BusinessDesk) – Tower narrowed its first-half loss as its underlying earnings improved, offsetting yet another unexpected increase in the cost of the Canterbury earthquakes six years ago. Read more »

NZ dollar drifts from month-high as Trump unveils budget

Article – BusinessDesk

May 24 (BusinessDesk) – The New Zealand dollar drifted off a month-high as US President Donald Trump unveiled plans to cut government spending, easing some nerves about the White House’s ability to press ahead with reforms, while domestically Fonterra … Read more »

While you were sleeping: Trump budget relief

Article – BusinessDesk

May 24 (BusinessDesk) – Wall Street moved higher amid initial relief about US Donald Trumps budget plan. Read more »

MARKET CLOSE: NZ stocks slip after Manchester concert attack

Article – BusinessDesk

MARKET CLOSE: NZ stocks slip as Manchester concert attack drags on investor sentiment, Comvita drops Read more »

NZ dollar climbs above 70 US cents

Article – BusinessDesk

May 23 (BusinessDesk) – The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week’s budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenback. Read more »

Three fintech start-ups pitch for funds

Article – BusinessDesk

May 23 (BusinessDesk) – Three of the financial technology start-ups in the Kiwibank Fintech Accelerator programme pitched their ideas to investors before the public demonstration day event in Wellington last week. Read more »

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