Archive for the 'Article' Category

A2 Milk Co changes requirements for NZ directors

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand-resident directors ahead of a planned dual listing on the ASX … Read more »

F&P Appliances subsidiary fined A$200k over warranty claims

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China’s Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia. Read more »

Anzco’s Harrison to fund new Lincoln University chair

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Graeme Harrison, chairman of meat company Anzco Foods, is to fund a new professorial chair in global value chains and trade at Lincoln University, initially for a term of five years. Read more »

NZ lamb wool price rises to 3-year high on increased demand

Article – BusinessDesk

Jan. 27 (BusinessDesk) – New Zealand lamb wool prices rose to a three-year high last week on increased demand for the fibre from clothing manufacturers in China. Read more »

NZ export log prices rise to 9-month high in January

Article – BusinessDesk

NZ export log prices rise to 9-month high in January as Chinese inventories fall Read more »

Spark’s long-term executive Chris Quin to leave in June

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Spark New Zealand head of home, mobile and business Chris Quin, a 20-year veteran of the company and one-time contender for the top job, will leave the telecommunications company at the end of June this year. Read more »

NZ dollar touches fresh 3-year low, dips below 74 US cts

Article – BusinessDesk

NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting Read more »

While you were sleeping: Europe extends ECB advance

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Euro-zone markets rose as investors opted to focus on the improved outlook with the European Central Banks new asset purchase plan rather than Greek voters handing power to the anti-bailout Syriza party. Read more »

MARKET CLOSE: NZX 50 charts new record high, led by Spark

Article – BusinessDesk

Jan. 26 (BusinessDesk) – New Zealand shares rose to a new record close as holidays in Auckland and Australia kept trading volumes light. The gains were led by companies offering relatively high dividend yields, such as Spark New Zealand. Read more »

NZ dollar trades near 3-year low, fails to break below US74c

Article – BusinessDesk

NZ dollar trades near 3-year low after failing to break below 74 US cents Read more »

VMob raises $2.17 mln, signs McDonald’s deal, shares soar

Article – BusinessDesk

Jan. 26 (BusinessDesk) – VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald’s rolling out its platform immediately … Read more »

New NXT market unlikely to launch until at least March

Article – BusinessDesk

Jan. 26 (BusinessDesk) – The New Zealand stock exchange’s NXT growth market probably won’t have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. Read more »

Unlikely prospect of RBNZ rate cut rears head

Article – BusinessDesk

Jan. 26 (BusinessDesk) – Traders have started pricing in a small prospect of interest rate cuts this year by the Reserve Bank of New Zealand, whose forecasts have overstated the pace of inflation for two straight quarters. Read more »

NZ Dollar Outlook: Kiwi may decline in volatile trading

Article – BusinessDesk

Jan. 26 (BusinessDesk) – The New Zealand dollar is headed for a volatile week marked by central bank meetings locally and in the US as investors remain wary of weak commodity prices, low inflation and amid concerns about sluggish global growth. Read more »

NZ services sector activity ends 2014 on up note

Article – BusinessDesk

Jan. 26 (BusinessDesk) – New Zealand’s services sector activity picked up in December, led by wholesale trade and hospitality. Read more »

NZ dollar falls to 3-year low as investors favour greenback

Article – BusinessDesk

Jan. 26 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. Read more »

World Week Ahead: Eyes on Fed, Greece

Article – BusinessDesk

Jan. 26 (BusinessDesk) – US Federal Reserve policy makers begin a two-day meeting on Tuesday and investors will be looking for any clues on the timing of an interest rate increase even as central banks elsewhere seek to bolster the growth outlook. … Read more »

MARKET CLOSE: NZX 50 rises to a record; MRP, Meridian gain

Article – BusinessDesk

Jan. 23 (BusinessDesk) – New Zealand shares rose in a global rally, paced by Genesis Energy, Meridian Energy and MightyRiverPower, as investors sought income-paying investments in a globally low interest rate environment. Read more »

NZ dollar heads for 3.5% weekly drop as US economy shines

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand dollar is heading for a 3.5 percent weekly decline against the greenback as the strength of the US economy was reinforced by Europe’s central bank rolling out a bigger than expected quantitative easing package … Read more »

TeamTalk revises 1H profit expectations down on poor trading

Article – BusinessDesk

Jan. 23 (BusinessDesk) – TeamTalk, the listed telecommunications firm, has revised down its profit expectations for the first half of the financial year to about $2 million less than what it achieved at the same time last year, forcing an early refinancing … Read more »

« Previous PageNext Page »