Business Scoop

MARKET CLOSE: NZX50 knocking on 10,000

Article – BusinessDesk

MARKET CLOSE: NZX50 knocking on 10,000; retirement stocks Metlifecare, Summerset rally on ditched CGT Read more »

NZ dollar dives on weak CPI data

Article – BusinessDesk

April 17 (BusinessDesk) – The New Zealand dollar was sharply lower but off its lows as positive economic data from China and euphoria over the governments decision to can a capital gains tax helped cushion the impact of a weaker than expected inflation … Read more »

BusinessDesk welcomes Brian Gaynor as shareholder

Press Release – BusinessDesk

Content Ltd, publisher of the BusinessDesk business and economic news service, is delighted to announce that Milford Asset Manager co- founder, Brian Gaynor, has become a shareholder in the company. Read more »

UPDATE: No capital gains tax while Ardern leader

Article – BusinessDesk

April 17 (BusinessDesk) – Prime Minister Jacinda Ardern says the public has spoken and she won’t introduce a capital gains tax while she leads the Labour Party. Read more »

Economists split on whether tepid CPI points to a May cut

Article – BusinessDesk

Economists split on whether tepid CPI points to a May rate cut By Rebecca Howard Read more »

Challenging Milton Friedman

Article – BusinessDesk

April 17 (BusinessDesk) – Its been almost 50 years since American economist Milton Friedman wrote his groundbreaking essay in the New York Times arguing that the social responsibility of business is to increase its profits. Read more »

Government rules out implementing capital gains tax

Article – BusinessDesk

April 17 (BusinessDesk) – The government has ruled out taxing capital gains as opposed to the wide-ranging proposal put forward by the majority of its Tax Working Group. Read more »

Chatham iwi may acquire stake in seafloor phosphate project

Article – BusinessDesk

April 17 (BusinessDesk) – Chatham Islands iwi groups may invest in a project to mine seafloor phosphates in the region if they can agree on a marine consent application for the project 450 kilometres east of Christchurch. Read more »

NZ companies to launch Alibaba’s Country Flagship Store

Article – BusinessDesk

April 17 (BusinessDesk) – Eighteen New Zealand food and beverage brands have joined forces to launch the first Country Flagship Store on the Tmall Fresh, Alibabas fresh produce e-commerce platform. Read more »

NZ 1st-qtr inflation comes in below expectations

Article – BusinessDesk

April 17 (BusinessDesk) – The consumers price index eked out a smaller gain than expected in the March quarter and may up the ante for an interest rate cut next month. Read more »

First-home buyers and investors now neck and neck

Article – BusinessDesk

April 17 (BusinessDesk) – First home buyers are increasingly making their presence felt in the housing market as buying by investors needing a mortgage remains depressed, according to CoreLogic figures. Read more »

ComCom favours deregulating Spark copper voice service

Article – BusinessDesk

April 17 (BusinessDesk) – The Commerce Commission is leaning towards deregulating Spark New Zealand’s resale copper voice services, as dwindling customer numbers indicate enough alternatives are available. Read more »