Wednesday, 25 January 2017

Business News

  • While you were sleeping: DuPont bolsters Wall St

    07:37 | 25/1/17
    Scoop
    Jan. 26 (BusinessDesk) - Wall Street rose amid better-than-expected corporate earnings including from DuPont.  more»
  • Hellaby execs sell down holdings to Bapcor

    01:24 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Senior executives at Hellaby Holdings sold down their stakes in the business to suitor Bapcor just days after the independent directors ended months of opposition to the takeover. more»
  • Blue Sky Meats seeks 30 cents/share lift from Binxi

    01:22 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Blue Sky Meats' directors say they want China-based Heilongjiang Binxi Cattle Industry Co to lift its takeover offer by 30 cents a share before they'll recommend it to investors after a strategic review that showed potential to drive ... more»
  • Food industry holds sway over public policy

    01:18 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - The food industry in Australia and New Zealand has managed to hold off near-universal calls from public health experts for government to crack down on junk food and sugar through its influential lobbying tactics, says the co-author ... more»
  • NZ dollar pushes higher on US dollar profit taking

    01:17 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - The New Zealand dollar continued to push higher on US dollar profit taking in the wake of US President Donald Trump's latest comments on trade and the border tax. more»
  • TPP survival tactics dominate PM's first press conference

    01:16 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Prime Minister Bill English's first press conference since taking over last month from John Key was dominated by questions about the potential for either a bi-lateral free trade agreement with the US or the survival of the Trans-Pacific ... more»
  • MARKET CLOSE: NZ shares mixed, Comvita and Z gain

    01:14 | 25/1/17
    Scoop
    Jan. 24 (BusinessDesk) - New Zealand shares were mixed, with Comvita bouncing off yesterday's lows and Z Energy up, while Tegel Group Holdings and Auckland International Airport fell. more»
  • Govt hikes minimum wage 3.3% to $15.75/hour

    17:14 | 24/1/17
    Scoop
    Workplace Relations Minister Michael Woodhouse today announced the minimum wage will rise 50 cents from April 1 to $15.75 per hour, or about 53 percent of the average hourly rate. more»
  • New Zealand's economy firing on all cylinders, HSBC says

    16:02 | 24/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Growth in New Zealand is tipped to remain strong but rate hikes won't be on the cards until 2018, says HSBC chief economist Paul Bloxham.  more»
  • Revolutionary Cement Eco-Cem Launched in New Zealand

    15:15 | 24/1/17
    Scoop
    Kiwi ingenuity has seen a New Zealand owned cement company take lessons from ancient Roman concrete to create and launch a ground-breaking low-carbon footprint cement that helps reduce global CO2 emissions. more»
  • Wellington Businesses Urged to Review Evacuation Plans

    14:42 | 24/1/17
    Scoop
    Wellington Visitor and Evacuation Management Software startup, WhosOnLocation, is appealing to businesses to review their building evacuation processes as aftershocks following the 2016 magnitude 7.8 Kaikoura earthquake continue. more»
  • Z Energy may review current interim distribution policy

    14:36 | 24/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Z Energy may review its interim distribution policy after reducing debt levels ahead of schedule following its acquisition of Chevron New Zealand's Caltex and Challenge! brands. more»
  • NZ services sector rises in December

    14:25 | 24/1/17
    Scoop
    Jan. 24 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose in December, with strong growth in employment and new orders. more»
  • Cheap rival honey weighs on Chinese sales

    14:24 | 24/1/17
    Scoop
    Jan. 24 (BusinessDesk) - NXT-listed Oceania Natural has slashed its 2017 revenue forecast as deep discounts on rival honey products undermine sales into China.  more»
  • NZ export beef benchmark rises 5.1%

    14:22 | 24/1/17
    Scoop
    Jan. 24 (BusinessDesk) - A benchmark for New Zealand beef exports rose 5.1 percent last week although increasing US domestic production is likely to cap the gains, according to analysts at NZX Agri. more»
Global Indices
CodeLastChange
NZ507,06440.05%
COMP5,597440.79%
DJI19,9391390.70%
SP5002,281160.72%
DAX11,595490.43%
FTSE7,15010.01%
NI22518,7881030.55%
TWI77.670.000.00%
Currencies
CodeLastChange
EURUSD1.0730.0060.53%
NZDUSD0.72110.00600.84%
AUDUSD0.75630.00250.33%
NZDAUD0.95430.00550.58%