While you were sleeping: Wall St falls

Article – BusinessDesk

March 28 (BusinessDesk) – Wall Street declined as investors digested the implications of the Trump administrations decision to cancel a vote on health-care reform because of a lack of support. Read more »

NPT expects to wrap up Kiwi Property talks in coming days

Article – BusinessDesk

March 27 (BusinessDesk) – Property investors NPT and Kiwi Property Group expect to wrap up talks for a tie-up in the “next few days” with a special meeting of NPT shareholders expected to vote on the deal in April. Read more »

Chatham Rock Phosphate says EPA charges unreasonable

Article – BusinessDesk

March 27 (BusinessDesk) – Chatham Rock Phosphate argued in the High Court that a bill from Environmental Protection Authority for costs incurred during its marine consent hearing in 2015 were unreasonable and should have been partly met by funds … Read more »

NZ dollar gains on deeper relationship with China

Article – BusinessDesk

March 27 (BusinessDesk) – A series of cooperation deals inked between New Zealand Prime Minister Bill English and China Premier Li Keqiang gave the kiwi dollar a lift, despite jitters after US president Donald Trump failed to win enough support to repeal … Read more »

MARKET CLOSE: NZ shares fall

Article – BusinessDesk

March 27 (BusinessDesk) – New Zealand shares fell amid concern the failure of US President Donald Trump to push through his policy reforms means US growth won’t be as robust as some investors had hoped, denting global sentiment. Summerset Group, … Read more »

NZ, China FTA upgrade agreed among slew of new deals

Article – BusinessDesk

March 27 (BusinessDesk) – New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to … Read more »

Wellington Electricity extends unbroken run of losses

Article – BusinessDesk

March 27 (BusinessDesk) – Wellington Electricity Distribution Network has extended its run of losses since the utility was acquired by Hong Kong billionaire Li Ka-shing in 2008, although the 2016 result was the smallest loss to date. Read more »

GeoOp sounds out investor interest for ASX listing

Article – BusinessDesk

March 27 (BusinessDesk) – GeoOp, the unprofitable management app developer, wants to delist from the New Zealand stock exchange’s alternative market for fledgling companies and migrate to the Australian stock exchange to improve the liquidity of … Read more »

Trump’s healthcare stumble points to policy paralysis

Article – BusinessDesk

March 27 (BusinessDesk) – The New Zealand dollar was little changed against a slightly weaker US dollar after US president Donald Trump failed to win enough support to repeal and replace the Affordable Care Act known as Obamacare, raising questions … Read more »

World Week Ahead: Optimism turns to tax cuts

Article – BusinessDesk

March 27 (BusinessDesk) – After US President Donald Trumps failure to garner enough support for the Republican healthcare bill, investors are set to refocus on his attempt to bring about promised tax reform a key reason for Wall Streets rally since … Read more »

MARKET CLOSE: NZ shares mixed; Comvita up

Article – BusinessDesk

MARKET CLOSE: NZ shares mixed; Comvita up, Genesis gains on gentailer yield, Tegel hurt by chicken glut Read more »

NZ dollar little changed as investors await US vote

Article – BusinessDesk

March 24 (BusinessDesk) – The New Zealand dollar was little changed on the week and continues to tread water as investors wait to see if the US repeals and replaces the Affordable Care Act known as Obamacare, now viewed as a barometer on whether … Read more »

CBL to buy Affirmative for US$5.7M

Article – BusinessDesk

March 24 (BusinessDesk) – CBL Corp wants to add US insurer Affirmative Direct Insurance Company in a US$5.7 million deal which would expand its global footprint to the world’s biggest economy. Read more »

UPDATE: Hagamans say Little apology not genuine

Article – BusinessDesk

March 24 (BusinessDesk) – Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, even though Little publicly apologised today after the Auditor-General found no link between the couple’s political donations … Read more »

Hagamans to proceed with defamation case against Little

Press Release – BusinessDesk

March 24 (BusinessDesk) – Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, with Little publicly apologising today after the Auditor-General found no link between a donation made by the couple and … Read more »

South Port CEO O’Connor steps down after 17 years

Article – BusinessDesk

March 24 (BusinessDesk) – South Port New Zealand chief executive Mark OConnor is to step down after 17 years running the nation’s southernmost deep water port, having led the company to a record profit on record cargo volumes in 2016. Read more »

Govt push for FTAs to cover 90% of export goods

Article – BusinessDesk

March 24 (BusinessDesk) – The government’s newly minted trade agenda wants near-saturation free trade agreement coverage for locally exported goods by 2030, however it doesn’t want to pass up opportunities offered by new technology enabling more service exports. Read more »

NZ’s weak wool market shows some improvement at auction

Article – BusinessDesk

March 24 (BusinessDesk) – The weak wool market showed some improvement at the latest New Zealand weekly auction in the South Island yesterday. Read more »

NZ Post CFO David Walsh gets the top job

Article – BusinessDesk

March 24 (BusinessDesk) – David Walsh will take up the role of chief executive at New Zealand Post from May 1 as the state-owned enterprise shifts its focus away from traditional mail services that are facing shrinking revenue. Read more »

NZ’s trade deficit narrows in February as dairy exports rise

Article – BusinessDesk

March 24 (BusinessDesk) – New Zealand’s trade deficit narrowed to $18 million in February but the annual trade deficit was the largest in nearly eight years. Read more »