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The latest NZ business news, reporting, analysis, and commentary - by leading New Zealand journalists. Track & read mentions of your sector, industry, and company with BusinessDesk now.
Govt's NZ Super Fund contribution reduces $2.1b over five years
Dec 17, 2024 · Better-than-expected investment performance by the New Zealand Superannuation Fund has provided some breathing room in the Government’s otherwise deteriorating fiscal outlook.The Half Year Economic and Fiscal Outlook (Hyefu) said that contributions to the fund would be reduced by $2.1 billion over the next five years.This would largely “offset” an additional $2.2b in additional capital ...
Fonterra's declining milk supply labelled ‘a real threat’
Nov 18, 2024 · Fonterra’s declining milk supply appears to be top of mind for its farmer-owners and its shareholder watchdog is concerned.Since the dairy giant was set up and regulated under the 2001 Dairy Industry Restructuring Act (DIRA), the co-op’s share of the country’s milk pool has slipped from 95% to below 80% as independent processors have moved in.Based on milk-collection figures from the ...
Latest NZX Stock Market News from BusinessDesk
The latest sharemarket news and movements from the NZX. Includes market open and close reports, plus NZX50.
China’s AI is 'catching up fast' with America's | BusinessDesk
Dec 28, 2024 · By Raffaele Huang and Tracy QuChinese startups show signs of catching up with America’s leading artificial-intelligence models more quickly than many in the industry had expected, despite the restrictions China faces in buying advanced chips.DeepSeek, a startup funded by one of China’s most successful hedge-fund managers, released a preview version of its latest large language model in ...
NZ’s underlying economic momentum is weak, reforms needed: …
Dec 6, 2024 · “Feeble economic growth” and easing labour market tensions are helping lower inflation in New Zealand, but reforms are needed for a strong and sustained economic recovery, anOrganisation for Economic Co-operation and Development's second half-year report states.New Zealand's economic momentum “remained weak” in the second half of 2024, and the economy was expected to expand by just 0.6 ...
Stuttering start to 2025 for business confidence | BusinessDesk
Jan 13, 2025 · Firms are heading into 2025 feeling a bit more optimistic about the economic outlook, although their own trading activity continues generally to be weak.The Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER) finds that business owners still expect an economic recovery this year but are on the sidelines until better evidence emerges.“A ...
Back to the Future: predictions for 2025, firstly, turn right
Dec 21, 2024 · Stay informed on business, government and financial developments across New Zealand. Deeply researched, twice-edited and fact-checked news; Annual subscribers also receive a complimentary subscription to The Wall Street Journal; Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers
What does 2025 hold – change, change and more change, fiscal …
Dec 20, 2024 · In my November 2023 BusinessDesk column I wrote that 2024 was going to be the year of the restructure. That has certainly proven true. I have now been turning my mind to consider what 2025 might hold in store in the employment and health and safety space.In addition to 2024 being the year of the restructure, it was also the year that the coalition Government led by the Workplace Relations and ...
Latest Infratil share price and news. Follow IFT on the NZX
Infratil is a diversified infrastructure group with renewable energy, connectivity, data, airport and real estate assets. The company owns large holdings in four energy companies providing exposure to hydro, wind and solar energy generation in NZ, Australia, Europe and the USA.