Monday, 02 May 2016

Business News

  • Mighty River Power moving to single brand – Mercury

    10:19 | 2/5/16
    Mighty River Power and Mercury Energy will become one brand later this year. Chief Executive, Fraser Whineray, says a single new Mercury brand will “bring the Company’s near century-long heritage together with our customer-driven innovation”. more»
  • Special meeting on Shanghai Maling deal

    10:16 | 2/5/16
    May 2 (BusinessDesk) - Silver Fern Farms, New Zealand's largest meat processor, will hold a special meeting of shareholders on its planned tie up with China’s Shanghai Maling Aquarius, despite saying it "is of no benefit" and risks being "disruptive" ... more»
  • The "Woodstock" of capitalism

    10:13 | 2/5/16
    They call it the "Woodstock of capitalism". Over the weekend around 40,000 people gathered in Omaha, Nebraska to see investment legend Warren Buffett.  more»
  • Schools to help name biosecurity puppies

    10:11 | 2/5/16
    The Ministry for Primary Industries has proudly welcomed six new biosecurity puppies and is giving New Zealand schools the chance to name one of them.  more»
  • NZ dollar hits 8-week high vs Aussie dollar

    09:37 | 2/5/16
    May 2 (BusinessDesk) - The New Zealand dollar rose to an eight-week high against the Australian dollar as investors mull the potential for an interest rate reduction at the Reserve Bank of Australia meeting tomorrow. more»
  • HiFX Morning Update - May 2 2016

    09:14 | 2/5/16
    The NZDUSD opens at 0.6972 (mid-rate) this morning. The NZD put in a mixed performance to close out the month holding onto and extending gains against the USD, GBP and AUD while underperforming against both the JPY and the EUR.  more»
  • World Week Ahead: US jobs data in focus

    08:37 | 2/5/16
    May 2 (BusinessDesk) - The latest US corporate earnings including from Berkshire Hathaway as well as monthly jobs data will draw the focus after last week’s disappointments on both the corporate and economic front took some of the wind out of the bulls’ ... more»
  • Is Fonterra shedding suppliers?

    08:23 | 2/5/16
    An agribusiness analyst says Fonterra has done a U-turn on extended payment times for some of its suppliers.  more»
  • Fonterra drops suppliers

    08:23 | 2/5/16
    Fonterra has reportedly done a U-turn on extended payment times for some of its suppliers.  more»
  • Key: No housing crisis, foreign buyers' influence 'minor'

    08:07 | 2/5/16
    John Key is confident the number of houses being sold to overseas investors will turn out to be "minor".  more»
  • Investigators hope to talk to Lindis crash survivor

    05:35 | 2/5/16
    Investigators are hoping the only survivor of a fatal helicopter crash in Lindis Pass will be able to speak to them in the "next few days".  more»
  • K Rd goes car-free ahead of redesign plans

    11:49 | 1/5/16
    Auckland central's Karangahape Rd will be brought to life this afternoon with a street festival ahead of major redesign plans -- and the best part -- no cars are involved.  more»