Article – BusinessDesk
By Fiona Rotherham
Jan. 29 (BusinessDesk) – Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. Read more »
Article – BusinessDesk
By Fiona Rotherham
Jan. 29 (BusinessDesk) – Fonterra Cooperative Group, the world’s largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. Read more »
Article – BusinessDesk
By Fiona Rotherham
Jan. 29 (BusinessDesk) – Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report. Read more »
Article – BusinessDesk
By Jonathan Underhill
Jan. 29 (BusinessDesk) – The New Zealand dollar tumbled to the lowest in almost four years and swap rates fell after the Reserve Bank dropped its tightening bias, saying it could raise or cut interest rates depending on the flow of economic data. Read more »
Article – BusinessDesk
By Jonathan Underhill Read more »
Article – BusinessDesk
By Paul McBeth
Jan. 28 (BusinessDesk) – Spark New Zealand director Maury Leyland will resign from the telecommunications company’s board from the end of next month as she spends more time at her day-job as Fonterra Cooperative Group’s head of people, culture and strategy. Read more »
Article – BusinessDesk
By Paul McBeth
Jan. 28 (BusinessDesk) – The New Zealand government expects to spend $650 million this year upgrading and maintaining its $8.32 billion school property portfolio, and anticipates repair costs for leaky buildings largely damaged by faulty cladding will be about $90 million. Read more »
Article – BusinessDesk
Jan. 28 (BusinessDesk) – Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie. Read more »
Article – BusinessDesk
By Paul McBeth
Jan. 28 (BusinessDesk) – Labour Party leader Andrew Little is targeting small business owners as a key plank in dragging down New Zealand’s unemployment rate to the lowest in the developed world in his first major speech as the leader of the Opposition. Read more »
Article – BusinessDesk
By Paul McBeth
Jan. 27 (BusinessDesk) – New Zealand Prime Minister John Key will tomorrow outline his government’s plans to overhaul social housing, including the sale of government-owned stock and bringing in community and iwi organisations to expand the number of homes open to needy households. Read more »
Article – BusinessDesk
By Fiona Rotherham
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 this quarter. Read more »
Article – BusinessDesk
By Paul McBeth
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 »
Article – BusinessDesk
By Jonathan Underhill
Jan. 26 (BusinessDesk) – Jan. 26 (BusinessDesk) – The New Zealand dollar traded near a three-year low after failing to push below 74 US cents, a level it hasn’t breached since late 2011. Read more »
Article – BusinessDesk
By Paul McBeth
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 in the US. The shares more than doubled. Read more »
Article – BusinessDesk
By Fiona Rotherham
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 »
Article – BusinessDesk
By Tina Morrison
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 »
Article – BusinessDesk
By Paul McBeth
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 to reinvigorate the moribund Eurozone. Read more »
Article – BusinessDesk
(Adds further comment from van der Heyden) Read more »
Article – BusinessDesk
By Fiona Rotherham
Jan. 23 (BusinessDesk) – Tainui Group Holdings chief executive Mike Pohio has resigned after eight years at the helm to pursue governance opportunities. Read more »
Article – BusinessDesk
By Paul McBeth
Jan. Read more »
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