Archive for the 'Article' Category

Alex van Heeren loses long-running case

Article – BusinessDesk

Alex van Heeren loses long-running case, US$25 million interim payment ordered

By Fiona Rotherham

April 17 (BusinessDesk) – High-flying businessman Alex van Heeren has been ordered by the High Court at Auckland to pay US$25 million as an interim payment to his former business partner, Read more »

Air NZ’s Houston link paves way for United Airlines tie-up

Article – BusinessDesk

Air NZ’s Houston service paves the way for partnership with United Airlines, analysts say

By Fiona Rotherham

April 17 (BusinessDesk) – Air New Zealand’s new direct service to Houston, Texas, could pave the way for a potential partnership with American-based United Airlines that would help fend off competitors on routes between New Zealand and North America, market analysts say. Read more »

Hancock NZ chief McCallum upbeat on outlook for timber

Article – BusinessDesk

Hancock NZ upbeat on outlook for timber as local units post mixed results

By Tina Morrison

April 17 (BusinessDesk) – Hancock Forest Management (NZ), the local division of the world’s largest timberland investment manager, is confident about the outlook for New Zealand timber. Read more »

NZ TWI surges above RBNZ forecast, may prompt jawboning

Article – BusinessDesk

NZ dollar surges above RBNZ forecast on TWI basis, may prompt ‘jawboning’

By Tina Morrison

April 17 (BusinessDesk) – The New Zealand dollar trade-weighted index has soared above the Reserve Bank’s projections to a nine-month high but traders and strategists say the bank has few options, other than jawboning, to drive the currency lower in the face of stand-out economic growth. Read more »

John Williamson flags Hellaby resignation

Article – BusinessDesk

John Williamson flags Hellaby resignation

By Suze Metherell

April 17 (BusinessDesk) – John Williamson, managing director of Hellaby Holdings, will step down at the diversified investors’ annual meeting, after nearly eight years with the company. Read more »

NZ Health Ministry well advanced on first social impact bond

Article – BusinessDesk

NZ Ministry of Health well on the way to delivering NZ’s first social impact bond

By Fiona Rotherham

April 16 (BusinessDesk) – The Ministry of Health is well down the track to pilot the country’s first social impact bond, originally mooted 18 months ago, which would pay out on measurably improved social outcomes such as reductions in alcohol and drug use or recidivism. Read more »

NZ dollar tumbles vs. Aussie in flip-flop trade

Article – BusinessDesk

NZ dollar tumbles vs. Aussie in flip-flop trade after stronger jobs data

By Jonathan Underhill

April 16 (BusinessDesk) – The New Zealand dollar tumbled about 1 Australian cent, having flirted with another attempt at parity this week, after figures showed the jobless rate fell in Australia last month as the economy added jobs. Read more »

Tourism NZ, Air NZ will push Houston link in joint campaign

Article – BusinessDesk

Tourism NZ, Air NZ will push new Houston destination in joint US marketing campaign

By Fiona Rotherham

April 16 (BusinessDesk) – Tourism New Zealand said a joint venture promotional campaign it’s launching with Air New Zealand in the US in September will have a strong focus on pushing the airline’s new direct flight from Auckland to Houston, Texas, announced today. Read more »

Restaurant Brands annual profit rises 19%

Article – BusinessDesk

Restaurant Brands annual profit rises 19%, sees higher earnings this year

By Suze Metherell

April 16 (BusinessDesk) – Restaurant Brands, New Zealand’s largest fast-food store operator, posted a 19 percent gain in annual profit and said it expects to boost earnings again this year even as labour costs rise. Read more »

China a ‘priority’ for NZ Film Commission, says Gibson

Article – BusinessDesk

China a ‘priority’ for NZ Film Commission as co-production agreements languish

By Paul McBeth in Shanghai

April 16 (BusinessDesk) – The New Zealand Film Commission, the government entity tasked with supporting the local film sector, is putting more emphasis on building links to China, which local film-makers have largely ignored. Read more »

Reserve Bank’s Spencer calls on govt to rethink housing tax

Article – BusinessDesk

Reserve Bank’s Spencer calls on government to rethink tax status of housing investment

By Jonathan Underhill
April 15 (BusinessDesk) – The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. Read more »

RBA risks upsetting US$2T of credit funds if it cuts rates

Article – BusinessDesk

RBA risks upsetting US$2 tln of credit funds if it cuts interest rates, economist says

By Fiona Rotherham

April 14 (BusinessDesk) – The Reserve Bank of Australia can’t afford to cut interest rates, even with an economy close to a per-capita recession, because it would risk upsetting some of the US$2 trillion of foreign credit funds parked in the Australian dollar, an economist says. Read more »

NZ dollar jumps almost 1 US cent after US retail sales

Article – BusinessDesk

NZ dollar jumps almost 1 US cent after US retail sales miss forecasts

By Tina Morrison

April 15 (BusinessDesk) – The New Zealand dollar jumped almost one US cent overnight after US retail sales missed expectations, raising concern about slowing growth in the world’s largest economy. Read more »

Flurry of NZX IPOs seen in coming months: Nikko Asset

Article – BusinessDesk

Flurry of IPOs tipped for NZX in coming months, says Nikko Asset’s Williams

By Fiona Rotherham

April 14 (BusinessDesk) – Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take advantage of the rising market, says Nikko Asset Management head of equities Stu Williams. Read more »

NZ Budget to pump $20M a year into Callaghan grants

Article – BusinessDesk

NZ Budget to pump $20M a year into Callaghan Innovation grants

By Pattrick Smellie

April 14 (BusinessDesk) – The government will pump an extra $20 million a year into the research and development Growth Grants programme, one of three types of grant administered by its innovation agency, Callaghan Innovation as part of the May 21 Budget. Read more »

NZ house prices rise 8% in March, led by 13% Auckland jump

Article – BusinessDesk

NZ house prices rise 8% in March, led by a 13% jump in Auckland

By Tina Morrison

April 14 (BusinessDesk) – New Zealand residential property prices rose in March, led by Auckland where housing supply isn’t meeting demand, putting pressure on the market. Read more »

NZ Dollar Outlook: Kiwi may decline amid stronger greenback

Article – BusinessDesk

NZ Dollar Outlook: Kiwi may decline amid stronger greenback, weaker dairy auction

By Tina Morrison

April 13 (BusinessDesk) – The New Zealand dollar may fall this week in the face of a resurgent greenback and as dairy futures suggest prices will decline at this week’s GlobalDairyTrade auction, raising concern about the outlook for the country’s largest export commodity. Read more »

Capital + Merchant trustee stoush back in court

Article – BusinessDesk

Capital + Merchant trustee stoush back in court

By Fiona Rotherham

April 13 (BusinessDesk) – Lawyers acting for Perpetual Trust and law firm Stace Hammond are seeking access to documents and communication covered by legal privilege in dispute involving the receiver of failed lender Capital + Merchant. The dispute involves whether a claim against them has been settled. Read more »

Springpark developer Gapes liquidates ‘unused entity’

Article – BusinessDesk

Springpark developer Gapes liquidates ‘unused entity’ as part of tidy-up

By Suze Metherell

April 13 (BusinessDesk) – Tony Gapes, the developer building Springpark, which is among Auckland’s largest residential projects, has liquidated one of his investment vehicles, saying he is tidying up loose ends by closing down unused entities. Read more »

Just Water agrees to sell Australian business for A$11 mln

Article – BusinessDesk

Just Water agrees to sell Australian business for A$11 million to Waterlogic

By Tina Morrison

April 13 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, has agreed to sell its Australian business to Waterlogic Australia for A$11 million in cash to repay debt and fund growth. Read more »

Next Page »