Archive for the 'Article' Category

New Zealand dollar continues to make headway vs greenback

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand dollar continued to gain against the US dollar today as the greenback slipped ahead of US president-elect Donald Trump’s inauguration. Read more »

Judge allows change of trustees in Low family case

Article – BusinessDesk

Judge allows change of trustees in Low family case, US$265 mln in assets now in contention Read more »

S&P affirms New Zealand’s ‘AA’ credit rating

Article – BusinessDesk

S&P affirms New Zealand’s ‘AA’ credit rating on solid economy, fiscal prudence; kiwi gains Read more »

Willie Jackson, Norm Dewes, Willie Te Aho to fisheries trust

Press Release – BusinessDesk

Jan. 20 (BusinessDesk) – Te Ohu Kaimoana, which oversees Mori fisheries assets, has namedWillie Jackson, Norm Dewes and Willie Te Aho to the board of a $20 million trust for unaffiliated Mori after a successful challenge to the appointment of … Read more »

Judge to rule in favour of replacing trustees

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The judge in the High Court hearing involving family members of Malaysian businessman Jho Low has indicated he will rule in favour of the plaintiffs, allowing the family members to have trustees replaced so they can fight attempts … Read more »

NZ inflation probably back in RBNZ band

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Higher fuel prices probably pushed New Zealands annual inflation back above 1 percent for the first time in more than two years in the December quarter. Read more »

Pumpkin Patch stores to close by mid-February

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn’t entice a buyer for the failed children’s wear chain, which traded through the traditionally busy holiday period. Read more »

US$265m trust hearing fraud case delayed

Article – BusinessDesk

Jan. 20 (BusinessDesk) – A defended hearing in Aucklands High Court involving family members of Malaysian businessman Jho Low has been delayed nearly two hours this morning. Read more »

NZ employees most upbeat about labour market in eight years

Article – BusinessDesk

Jan. 20 (BusinessDesk) – New Zealand employment confidence rose to its highest level in eight years as Kiwis grew more upbeat about the prospect of wage increases and less pessimistic about job opportunities in what’s seen as a robust labour market. Read more »

$87.3B investment focused on transformational projects

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand government has focused its $87.3 billion investment programme into projects that will fundamentally change the way it operates in the ongoing drive to get more with less from the public service, according to … Read more »

Bapcor lifts interest in Hellaby to 78.4%

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Bapcor, the ASX-listed autoparts firm, lifted its interest in Hellaby Holdings to 78.4 percent from 71.4 percent, edging closer to a takeover of the diversified investor it wants to break up while retaining its automotive business. Read more »

NZ dollar gains to month-high vs yen as inauguration looms

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand dollar rose to its highest level in a month against the yen as Japan’s currency weakened against the greenback ahead of Donald Trump’s presidential inauguration. Read more »

Warehouse hires NZ Baycorp boss Donna Cooper

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Warehouse Group, which is cutting costs by amalgamating its retail divisions, has hired Baycorp’s New Zealand general manager Donna Cooper to run its financial services unit. Read more »

Treasury wary of more major projects in November update

Article – BusinessDesk

Jan. 19 (BusinessDesk) – The Treasury has heightened concerns about more of the government’s most challenging major projects, tagging five for special attention in its latest update. Read more »

NZ dollar in biggest fall against greenback since November

Article – BusinessDesk

Jan. 19 (BusinessDesk) – The New Zealand dollar saw its biggest one-day fall since November as the greenback strengthened sharply after a speech by the chair of the US Federal Reserve Janet Yellen, in which she said the world’s largest economy was … Read more »

Multi-billion dollar money laundering case hits NZ courts

Article – BusinessDesk

Multi-billion dollar money laundering case hits NZ courts as Low relatives fight US DOJ Read more »

Xero and Meridian gain while Air NZ drops

Article – BusinessDesk

Jan. 19 (BusinessDesk) – New Zealand shares rose, led by Xero after news its chairman is leaving, with Meridian Energy gaining while Air New Zealand dropped Read more »

While you were sleeping: Upbeat US jobs, housing

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Wall Street declined as investors geared up for a speech by Federal Reserve Chair Janet Yellen later in the day and US President-elect Donald Trumps inauguration on Friday. Read more »

Lyttelton Port container terminal workers back on strike

Press Release – BusinessDesk

Jan. 20 (BusinessDesk) – Maritime Union of New Zealand members at Lyttelton Port’s container terminal are back on strike in rolling industrial action over planned roster changes Read more »

Macquarie still upbeat on retirement village sector

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Building consents for retirement villages continued to rise in November as operators expand to meet the demands of New Zealand’s ageing population and Macquarie Group is still upbeat on the sector despite a lower forecast … Read more »

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