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Asian shares track Wall Street slide; Spain attack weighs

HONG KONG (AP) " Asian stocks sank Friday as global investor sentiment was battered by big losses on Wall Street amid U.S. political turmoil and a deadly van attack in Spain.KEEPING SCORE: Japan's benchmark Nikkei [...]

By | August 19th, 2017|Categories: Business|0 Comments

Indian IT company Infosys CEO Vishal Sikka resigns

NEW DELHI (AP) " The CEO of India-based outsourcing and information technology company Infosys, Vishal Sikka, has resigned following differences with some founders of the company, including N.R. Narayana Murthy.The Infosys board... Source: NZ Herald [...]

By | August 19th, 2017|Categories: Business|0 Comments

The real revolution in NKorea is rise of consumer culture

PYONGYANG, North Korea (AP) " Like all North Korean adults, Song Un Pyol wears the faces of leader Kim Jong Un's father and grandfather pinned neatly to her left lapel, above her heart. But on [...]

By | August 19th, 2017|Categories: Business|0 Comments

Report: Filipino dairy farm workers abused, exploited

A union for migrant workers is calling for standard employment agreement for diary farm workers following a "shocking" report into the New Zealand dairy farm industry.The study "In search of decent work" found migrant dairy [...]

By | August 19th, 2017|Categories: Business|0 Comments

EpiPen maker finalizes settlement for government overcharges

EpiPen maker Mylan has finalized a $465 million federal agreement settling allegations it overbilled Medicaid for its emergency allergy injectors for a decade " charges brought after rival Sanofi filed a whistleblower lawsuit and... Source: [...]

By | August 18th, 2017|Categories: Business|0 Comments

Average US mortgage rates edge lower; 30-year at 3.89 pct

Average long-term U.S. mortgage rates edged lower this week. Source: NZ Herald Business News

By | August 18th, 2017|Categories: Business|0 Comments

Apple CEO makes $2 million pledge to fight hate

SAN FRANCISCO (AP) " Apple is donating $2 million to two human rights groups as part of CEO Tim Cook's pledge to help lead the fight against the hate that fueled the violence in Virginia [...]

By | August 18th, 2017|Categories: Business|0 Comments

Report: German-backed Arabic website blocked by Egypt

BERLIN (AP) " German public broadcaster Deutsche Welle says an Arabic-language news and culture website it operates has been blocked in Egypt.A spokesman for Deutsche Welle says the broadcaster received initial reports earlier in... Source: [...]

By | August 18th, 2017|Categories: Business|0 Comments

Syria claims business comeback with international trade fair

DAMASCUS, Syria (AP) " The Syrian government on Thursday opened the country's first international trade fair since war broke out in 2011, an event hailed by officials as a "victory" and a sign of renewed [...]

By | August 18th, 2017|Categories: Business|0 Comments

Science Says: DNA test results may not change health habits

NEW YORK (AP) " If you learned your DNA made you more susceptible to getting a disease, wouldn't you work to stay healthy?You'd quit smoking, eat better, ramp up your exercise, or do whatever else [...]

By | August 18th, 2017|Categories: Business|0 Comments

Potential Warriors owner caught up in legal dispute over daycare

An Auckland businessman reportedly bidding on the New Zealand Warriors has been caught up in a legal battle over a daycare centre he co-owns.Paul Davys, a co-director of ChoiceKids Ormiston in South Auckland, is negotiating [...]

By | August 18th, 2017|Categories: Business|0 Comments

Wisconsin Assembly set to approve $3 billion for Foxconn

MADISON, Wis. (AP) " The Wisconsin Assembly plans to approve a $3 billion tax break bill for Taiwan-based Foxconn Technology Group to build a new display panel factory in the state.The incentive package up for [...]

By | August 18th, 2017|Categories: Business|0 Comments

Fugitive's trail exposes Red Bull co-owners' offshore deals

The Bangkok billionaire family that co-founded Red Bull, the world's leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan's fugitive son was... [...]

By | August 18th, 2017|Categories: Business|0 Comments

Fed officials split in July over inflation worries

WASHINGTON (AP) " Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons.One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising... Source: [...]

By | August 17th, 2017|Categories: Business|0 Comments

Kiwi in Trump's team faces uncertain future

Chris Liddell, the Kiwi who was formerly the chief financial officer at Microsoft, faces an uncertain future in US President Donald Trump's White House staff.A raft of chief executives resigned from Trump's Manufacturing Council... Source: [...]

By | August 17th, 2017|Categories: Business|0 Comments

John Drinnan: Aussie shakeup, NZ ripples

There is a touch of deja vu to reports that the Australian Senate is close to passing changes to media ownership rules, which would allow a major shakeup across the Tasman.Certainly, there seems to be [...]

By | August 17th, 2017|Categories: Business|0 Comments

Brian Fallow: Charge for water? There's nothing wet about it

Amid all the scaremongering and special pleading about Labour's water policy are two things we can surely all agree on.One is that no-one ever likes the idea of paying for something that has always been [...]

By | August 17th, 2017|Categories: Business|0 Comments

SBA head sees businesses held back by lack of loans, workers

NEW YORK (AP) " Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners " they are increasingly optimistic, she says, but many are [...]

By | August 17th, 2017|Categories: Business|0 Comments

Group estimates 34,000 barrels of oil spilled off Kuwait

KUWAIT CITY (AP) " An analysis of satellite imagery by a U.S.-based nonprofit organization suggests at least 34,000 barrels of oil have leaked out during a spill off the coast of Kuwait.West Virginia-based SkyTruth says [...]

By | August 17th, 2017|Categories: Business|0 Comments

Powerhouse appoints interim liquidators to Hydroworks

ASX-listed, Christchurch-based incubator Powerhouse Ventures secured a High Court order to appoint an interim liquidator to its investee firm Hydroworks, which has been without a board for the past fortnight. Powerhouse today filed... Source: NZ [...]

By | August 17th, 2017|Categories: Business|0 Comments

Wingtip of Delta Air Lines plane clips another plane

NEW YORK (AP) " Officials say the wingtip of a Delta Air Lines plane clipped an American Airlines plane at New York's John F. Kennedy International Airport.According to the Port Authority of New York and [...]

By | August 17th, 2017|Categories: Business|0 Comments

Owner: Cafe probed in death of broadcaster's wife was closed

WOODBURY, Conn. (AP) " The owner of Connecticut restaurant being investigated by alcohol regulators in connection with the car crash that killed the wife of longtime ESPN broadcaster Chris Berman says the business was closed [...]

By | August 17th, 2017|Categories: Business|0 Comments

Government approves negotiating mandate for revamped TPP

The government has approved a negotiating mandate for the so-called Trans-Pacific Partnership 11, a trade deal it says could save New Zealand companies $222 million a year, says Trade Minister Todd McClay. The original Trans-Pacific... [...]

By | August 17th, 2017|Categories: Business|0 Comments

Trust numbers predicted to shrink

A personal trust expert believes the number of trusts will shrink under a re-write of the law which will spell out the exact responsibilities of trustees.The Trusts Bill was introduced to parliament this month, four [...]

By | August 16th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Norris takes rap for the board's role

Sir Ralph Norris fronted some obvious questions about the tsunami of red ink due to Fletcher Construction's inept execution of contracts to build the International Convention Centre in Auckland and the Justice Precinct in Christchurch.But... [...]

By | August 16th, 2017|Categories: Business|0 Comments

Utility drops bid to recoup billions after bailing on plant

COLUMBIA, S.C. (AP) " A utility is suspending its request to recoup billions more from customers for a South Carolina nuclear power project it bailed on last month.South Carolina Electric & Gas on Tuesday voluntarily [...]

By | August 16th, 2017|Categories: Business|0 Comments

Trump signs order to speed infrastructure construction

WASHINGTON (AP) " President Donald Trump said Tuesday he has signed a new executive order intended to make more efficient the federal permitting process for construction of transportation, water and other infrastructure projects without... Source: [...]

By | August 16th, 2017|Categories: Business|0 Comments

Dame Julie Christie honoured in ceremony today

Julie Christie today received her Dame Companion of the New Zealand Order of Merit for her services to governance and the television industry.She received the honour at an investiture ceremony at Auckland's Government House.Over... Source: [...]

By | August 16th, 2017|Categories: Business|0 Comments

Robots are plotting to take our jobs and enslave us

Robots are secretly plotting to kill us. Or enslave us. Or, at best, they will take our jobs, one by one.From science fiction written by Isaac Asimov eight decades ago to "Dilbert" cartoons today, the [...]

By | August 16th, 2017|Categories: Business|0 Comments

NZ shares rise, lead by ANZ, CBL

New Zealand shares gained, with a positive start to earnings season bolstering confidence, and Fletcher Building rising after its expected profit downgrade.The S&P/NZX50 Index rose 39.6 points, or 0.5 per cent, to 7,853.34. Within... Source: [...]

By | August 16th, 2017|Categories: Business|0 Comments

NZ dollar little changed after dropping overnight

The New Zealand dollar was little changed in Asia after falling sharply overnight when US retail sales data propelled the greenback higher. The kiwi dropped was at 72.34 US cents as at 5pm in Wellington [...]

By | August 16th, 2017|Categories: Business|0 Comments

Abano's dissident shareholders to exit

Abano Healthcare is set to see the backs of dissident shareholders Peter and Anya Hutson and James Reeves, who plan to dump their collective 19 percent stake in the medical specialist investor for about $36.7 [...]

By | August 16th, 2017|Categories: Business|0 Comments

Pressured by government, Uber agrees to protect rider data

DETROIT (AP) " Ride-hailing service Uber has agreed to protect customer data and audit the use of rider information in order to settle a complaint filed by the federal government.The Federal Trade Commission says Uber [...]

By | August 15th, 2017|Categories: Business|0 Comments

Judge orders LinkedIn to stop blocking data-scraping firm

SAN FRANCISCO (AP) " A federal judge in San Francisco has ordered LinkedIn to stop blocking a startup company from scraping LinkedIn personal profiles for data.U.S. District Judge Edward Chen has sided with San Francisco-based [...]

By | August 15th, 2017|Categories: Business|0 Comments

Kiwi data firm strikes big with UK National Gallery

Auckland-based data firm Dexibit is working with the National Gallery in London to predict the trends and behaviour of visitors. Dexibit will use machine learning and historic data to provide data to the National Gallery, [...]

By | August 15th, 2017|Categories: Business|0 Comments

Big corporates seek lower tax rate

By Pattrick Smellie Some of New Zealand's largest companies are calling on any future government to lower the corporate tax rate, which is becoming high compared to other countries, and a "New Zealand first" approach [...]

By | August 15th, 2017|Categories: Business|0 Comments

Rachel Hunter a hit as Auckland's new US ambassador

Rachel Hunter was "mobbed" at a Las Vegas travel expo in her new role as Auckland's international ambassador.Auckland Tourism, Events and Economic Development (ATEED) has paid $50,000to secure New Zealand's most famous super model.... Source: [...]

By | August 15th, 2017|Categories: Business|0 Comments

Rates on Treasury bills fall in weekly auction

WASHINGTON (AP) " Interest rates on short-term Treasury bills fell in Monday's auction. Rates on six-month bills declined to their lowest level since mid-July. Last week the six-month bills had risen to their highest level [...]

By | August 15th, 2017|Categories: Business|0 Comments

The Latest: Wisconsin Assembly panel approves Foxconn bill

MADISON, Wis. (AP) " The Latest on Wisconsin state Assembly committee action on $3 billion Foxconn tax break bill (all times local):5:45 p.m.A Wisconsin state Assembly committee has approved a $3 billion tax incentive package... [...]

By | August 15th, 2017|Categories: Business|0 Comments

NZ stocks rise led by Contact Energy

New Zealand shares rose, led by Contact Energy for a second day as upbeat earnings bolstered the power company, while Summerset Group's result boosted demand for its shares. Fletcher Building rallied ahead of tomorrow's report, [...]

By | August 15th, 2017|Categories: Business|0 Comments

Dollar gets lift against yen as risk aversion subsides

The New Zealand dollar got a lift against the yen, benefiting from resurgent risk appetite after North Korea's leader seemed to back down from plans to fire a missile near Guam.The kiwi rose to 80.49 [...]

By | August 15th, 2017|Categories: Business|0 Comments

Dangerous electrical cables fitted in Auckland buildings

By Carla Penman Dangerous electrical cables have been fitted in multiple buildings in Auckland.Worksafe warned all electrical workers across the country yesterday to look out for the TPS cable marked "EESS 150102-0", telling them... Source: [...]

By | August 15th, 2017|Categories: Business|0 Comments

Pint by pint, a hoppy revolution is brewing in Russia

MOSCOW (AP) " A new generation of craft beer brewers has begun sprouting in the vodka capital of the world.Breweries have opened in Russia in recent years in cities like Moscow and St. Petersburg.They offer [...]

By | August 14th, 2017|Categories: Business|0 Comments

How Mount brothers' $30m app broke into the US market

A pair of Mount Maunganui brothers have turned their app idea into an NZ$30m tech business disrupting the lucrative United States sports sponsorship market. Brendan Howell, 40, and Peter Howell, 37, founded DROPIT in the [...]

By | August 14th, 2017|Categories: Business|0 Comments

Cool new feature predicted for iPhone 8

A bunch of Apple code that prematurely found its way into the hands of the public continues to yield great clues about what to expect from the forthcoming iPhone.Since it was leaked earlier this month, [...]

By | August 14th, 2017|Categories: Business|0 Comments

The Latest: Attorney: British cyber expert will be cleared

MILWAUKEE (AP) " The Latest on the U.S. case against a British cybersecurity researcher accused of creating a malware program (all times local):10:55 a.m.An attorney for a British cybersecurity researcher accused of creating malicious... Source: [...]

By | August 14th, 2017|Categories: Business|0 Comments

British cybersecurity expert pleads not guilty to US federal computer fraud charges in Wisconsin

MILWAUKEE (AP) " British cybersecurity expert pleads not guilty to US federal computer fraud charges in Wisconsin. Source: NZ Herald Business News

By | August 14th, 2017|Categories: Business|0 Comments

The religious origins of the modern office

By DJ Huppatz and Agustin Chevez For centuries people have been getting up, joining a daily commute or retreating to a room, to work. The office has become inseparable from work.Its history illustrates not only [...]

By | August 14th, 2017|Categories: Business|0 Comments

North Korean tensions aren't deterring tourists from Guam

HAGATNA, Guam (AP) " The U.S. territory of Guam has been the subject of angry threats exchanged by North Korea and the United States during the past week, but that's not keeping tourists away from [...]

By | August 14th, 2017|Categories: Business|0 Comments

NZ shares rise, led by Contact on earnings outlook

New Zealand shares gained as Contact Energy and Heartland Bank rose on positive earnings, while Freightways dropped on concern over margin pressure. Opus International Consultants soared on the prospect of a takeover. The S&P/NZX50... Source: [...]

By | August 14th, 2017|Categories: Business|0 Comments

NZ dollar barely budges as all eyes focus on North Korea

The New Zealand dollar barely budged from where it started the day after a brief lift following strong retail sales was short-lived as attention remained focused on events surrounding North Korea. The kiwi rose as [...]

By | August 14th, 2017|Categories: Business|0 Comments

Dangerous electrical cable may already be in some NZ homes, says WorkSafe

WorkSafe New Zealand issued a warning to electricians about a cable which it says poses a "significant" electric shock and fire risk to households. Master Electricians, an organisation representing the trade, sent out an email [...]

By | August 14th, 2017|Categories: Business|0 Comments

Kiwis worry about record level of debt

One in three people strongly believe they deserve to have money to spend because they work hard, yet many are worried about their debt.The Commission for Financial Capability has surveyed more than 1000 people about [...]

By | August 13th, 2017|Categories: Business|0 Comments

Christopher Niesche: Commonwealth Bank scandal deeper than tech glitch

The most worrying aspect of the Commonwealth Bank of Australia money laundering scandal is that it is not a failure of process but a failure of culture.To quickly recap, CommBank has been accused of "serious [...]

By | August 13th, 2017|Categories: Business|0 Comments

New Kiwi business pitching to Silicon Valley tycoons

A Kiwi wife and husband team will in a few days pitch their business plan to Silicon Valley's biggest investors.Alyona Medelyan and Nathan Holmberg, founders of text analytics company Thematic, were accepted into one of [...]

By | August 13th, 2017|Categories: Business|0 Comments

UK tries to parry claims it's unprepared in Brexit talks

LONDON (AP) " The British government is fighting back against criticism that it is divided and unprepared for Brexit, announcing it will publish a set of detailed proposals on customs arrangements, the status of the [...]

By | August 13th, 2017|Categories: Business|0 Comments

Lawyer: Livestreamed, deadly crash caused by blown tire

MERCED, Calif. (AP) " The defense attorney for a teenage driver accused of driving drunk while livestreaming the crash that killed her younger sister says a mechanical problem may have caused the accident in California."We [...]

By | August 13th, 2017|Categories: Business|0 Comments

Trump spat with Senate leader complicates tough agenda

WASHINGTON (AP) " President Donald Trump's attacks on Senate Majority Leader Mitch McConnell come at the worst possible time " if the president's goal is actually to accomplish the GOP agenda on health care, infrastructure [...]

By | August 13th, 2017|Categories: Business|0 Comments

North Korea's $10 trillion problem

If Donald Trump delivers on his promise of "fire and fury" to wipe out the North Korean regime, the peninsula would face a $10 trillion economic catastrophe.The war of words between the US President and [...]

By | August 13th, 2017|Categories: Business|0 Comments

Ex-executives sentenced in sweeping Navy corruption case

SAN DIEGO (AP) " Two former executives of a contractor linked to a globe-spanning U.S. Navy corruption scandal have been sentenced to federal prison.Neil Peterson received a nearly six-year sentence and Linda Raja got nearly [...]

By | August 13th, 2017|Categories: Business|0 Comments

Walmart says gun-display back-to-school promotion was prank

LITTLE ROCK, Ark. (AP) " Walmart is having all sorts of promotions for the back-to-school season, but selling firearms isn't one of them.The world's largest retailer said Friday an internal investigation determined without a doubt... [...]

By | August 12th, 2017|Categories: Business|0 Comments

The big change coming to Cadbury

Something important is about to disappear from packs of Cadbury Dairy Milk.It's not the colour purple - perish the thought - or the glass-and-a-half logo.In fact, it's been on packs for less than a decade [...]

By | August 12th, 2017|Categories: Business|0 Comments

The top 10 songs and albums on the iTunes Store

iTunes Official Music Charts for the week ending August 10, 2017:Top Songs1. Despacito (feat. Justin Bieber), Luis Fonsi & Daddy Yankee2. Strip That Down (feat. Quavo), Liam Payne3. Slow Hands, Niall Horan4. Attention, Charlie... Source: [...]

By | August 12th, 2017|Categories: Business|0 Comments

Leaked email shows HBO negotiating with hackers

BOSTON (AP) " Hackers released an email from HBO in which the company expressed willingness to pay them $250,000 as part of a negotiation over electronic data swiped from HBO's servers.The July 27 email was [...]

By | August 12th, 2017|Categories: Business|0 Comments

Recalls this week: kids' swimsuits, all-terrain vehicles

More than 20,000 children's swimsuits are being recalled because snaps on them can pose a choking hazard if they detach. Other recalled consumer products include all-terrain vehicles and vaporizers.Here's a more detailed look:CHILDREN'S... Source: NZ [...]

By | August 12th, 2017|Categories: Business|0 Comments

Liam Dann: Top dollar's fine, if you work for it

Most of us would be pretty happy with a three per cent pay rise. The average worker got closer to two per cent last year. But if that three per cent was based on a [...]

By | August 12th, 2017|Categories: Business|0 Comments

Got a chip on your shoulder? How full should a chippie packet be

Ever felt the irritated sink of disappointment after opening a packet of chips and seeing half the bag is empty?Well, there's a reason for the dead air, and it's not that snack companies are trying [...]

By | August 12th, 2017|Categories: Business|0 Comments

Lithuanian court OKs extradition in US phishing case

VILNIUS, Lithuania (AP) " A Lithuanian court says a businessman suspected of tricking more than $100 million out of Google and Facebook in an elaborate cybercrime case should be extradited to the United States.The Lithuanian [...]

By | August 12th, 2017|Categories: Business|0 Comments

The Latest: France sees no risk from contaminated eggs

COPENHAGEN, Denmark (AP) " The Latest on the contaminated egg scare in Europe (all times local):10:10 a.m.France's agriculture minister says tests on imported eggs contaminated with pesticide show no risk to public health.Stephane... Source: NZ [...]

By | August 12th, 2017|Categories: Business|0 Comments

Spain: Barcelona airport security staff resume strikes

MADRID (AP) " Security workers checking carry-on luggage at Barcelona's airport have resumed partial strikes that threaten more queuing chaos for passengers at one of Europe's busiest airports.The workers say they will stage four... Source: [...]

By | August 12th, 2017|Categories: Business|0 Comments

Danes imported 20 tons of eggs from tainted scandal

COPENHAGEN, Denmark (AP) " Danish food safety authorities say 20 tons of boiled and peeled eggs linked to the pesticide scandal in the Netherlands and Belgium were sold in recent months to a distributor in [...]

By | August 12th, 2017|Categories: Business|0 Comments

Asian stocks slump on profit-taking amid US-NKorea tensions

SEOUL, South Korea (AP) " Asian stock markets slumped Friday following overnight losses on Wall Street, as President Donald Trump's bellicose remarks on North Korea prompted investors to unload shares in companies that have been [...]

By | August 12th, 2017|Categories: Business|0 Comments

Vaping 'the new oil rush' as big tobacco eyes NZ

Law change will bring giants into market just as e-cigarettes hit paydirt in NZ. The electronic cigarette industry is heating up and big tobacco is waiting in the wings for the Government to legalise nicotine-based [...]

By | August 11th, 2017|Categories: Business|0 Comments

Still on a hunt for the next big thing

Founder of two thriving start-ups tells Holly Ryan he's up for a new challenge. Entrepreneur, multimillionaire, internet mogul, party animal ... Seeby Woodhouse has already been given many labels, but at 40, he is now [...]

By | August 11th, 2017|Categories: Business|0 Comments

Mary Holm: Stuck – with just $900k

Q: I am somewhat risk-averse and wish I owned my own home. I wish I had bought years ago when there was an opportunity and would be in a far better situation than now.A few [...]

By | August 11th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Debate the questions, not who asks them

Sure, Hosking can grill party leaders - if the focus is on the real issues. Instead of debating Mike Hosking's suitability to moderate the political leaders' debates, let's instead debate the questions he could put [...]

By | August 11th, 2017|Categories: Business|0 Comments

Brian Gaynor: Metro Glass fails to shine

The annual reporting season, which is mostly concentrated in the August to November period, should be particularly interesting this year. This is because many directors don't get it; they don't understand their responsibilities in... Source: [...]

By | August 11th, 2017|Categories: Business|0 Comments

Former Uber boss sued amid turmoil

Uber has faced a fresh round of turmoil Thursday, with its global operations chief resigning and a major investor suing the ride-hailing company's former chief executive.Ryan Graves told Uber staff in an email Thursday that [...]

By | August 11th, 2017|Categories: Business|0 Comments

Lego boss removed 8 months in because of his age

Lego has removed its British chief executive after just eight months in the top job, saying it has found a younger replacement earlier than expected.The 61-year-old Bali Padda, who became the first non-Dane to lead [...]

By | August 11th, 2017|Categories: Business|0 Comments

The 8 questions every firm must answer on data privacy

Firms holding private information about any of their customers need good answers to eight questions to be sure they're protecting their customers' data well enough.This is according to a new set of draft guidelines from [...]

By | August 11th, 2017|Categories: Business|0 Comments

New forestry standard positive step – Pan Pac boss

A new national forestry standard introduced to better protect the environment has been accepted as "a positive step forward", Pan Pac managing director Doug Ducker says. Announced earlier this week by Minister for the Environment... [...]

By | August 11th, 2017|Categories: Business|0 Comments

Fidget spinners causing dangerous accidents, US government warns

A number of accidents caused by fidget spinners have been reported in the US, leading a government agency to issue a warning urging people to be more careful with the trendy toy.The US Consumer Product [...]

By | August 11th, 2017|Categories: Business|0 Comments

Postal Service: More red ink, missed payments as mail slumps

WASHINGTON (AP) " The U.S. Postal Service is warning that it will likely default on up to $6.9 billion in payments for future retiree health benefits for the fifth straight year. It is citing a [...]

By | August 10th, 2017|Categories: Business|0 Comments

Tax backflip see foreign trusts cry foul

The foreign trust industry has responded with shock to the threat of the Government moving to remove its tax-free status and is gearing up for a lobbying effort it concedes will be an uphill battle.Cone [...]

By | August 10th, 2017|Categories: Business|0 Comments

Vodafone to launch Chinese language services

Vodafone services will now be available in Chinese for New Zealand customers, with Chinese speakers in key stores, and an official WeChat account.The service, called Red Connect, is specifically designed for Chinese Kiwis and is... [...]

By | August 10th, 2017|Categories: Business|0 Comments

Something is missing in Govt success story

As the Government is running for re-election on the basis of its economic record - "Don't mess with success" is the cry - it is timely to look at what has been happening to incomes.The [...]

By | August 10th, 2017|Categories: Business|0 Comments

John Drinnan: Jacinda mania a step too far

As the election campaign heads into full swing, nobody would have predicted the sorts of upheavals that have engulfed both Labour and the Greens.In Labour's case, it was not hard to detect a degree of [...]

By | August 10th, 2017|Categories: Business|0 Comments

The Latest: BPI attorney: Settlement with ABC exceeds $177M

SIOUX FALLS, S.D. (AP) " The Latest on the size of a legal settlement between ABC and a South Dakota meat producer (all times local):___5:10 p.m.A lawyer for a South Dakota meat producer says the [...]

By | August 10th, 2017|Categories: Business|0 Comments

Business Highlights

___Google gender debacle speaks to tech culture wars, politicsNEW YORK (AP) " Special circumstances " from politics to Silicon Valley's problem with diversity " have contributed to the outrage and subsequent firing of a Google... [...]

By | August 10th, 2017|Categories: Business|0 Comments

NZ shares mixed, NZOG gains on takeover

New Zealand shares were mixed, with New Zealand Oil & Gas gaining on a partial takeover offer while CBL Corp and Goodman Property Trust fell.The S&P/NZX50 Index fell 9.93 points, or 0.1 per cent, to [...]

By | August 10th, 2017|Categories: Business|0 Comments

Small plane doing gas pipeline inspection crashes near road

WELLSTON, Ohio (AP) " A single-engine plane performing a gas pipeline inspection in Ohio has crashed near a road, injuring the pilot and his passenger.The State Highway Patrol says pilot Stephen Dawson, of Louisville, Kentucky,... [...]

By | August 10th, 2017|Categories: Business|0 Comments

NZ dollar down on geopolitical tensions

The New Zealand dollar fell as a less dovish than expected statement and forecasts from the central bank were overshadowed by tensions between the United States and North Korea.The kiwi traded at 73.09 US cents [...]

By | August 10th, 2017|Categories: Business|0 Comments

Hawaii opens first medical marijuana dispensary

Dispensary sales of medical marijuana in Hawaii are beginning after patients waited 17 years for a legal way to purchase the drug.Maui Grown Therapies received approval from the Department of Health to begin selling medical [...]

By | August 9th, 2017|Categories: Business|0 Comments

Markets Right Now: Stocks open lower on Wall Street

NEW YORK (AP) " The latest on developments in financial markets (All times local):9:35 a.m.Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.Overseas markets were also lower... Source: NZ Herald [...]

By | August 9th, 2017|Categories: Business|0 Comments

New beer aims to quench thirst of oft-delayed NYC commuters

NEW YORK (AP) " New York City train commuters can cool off their "summer of hell" with a new beer appropriately named Delayed.Newsday reports (http://nwsdy.li/2fqNBqt) that Long Island-based Blue Point Brewery is launching the new... [...]

By | August 9th, 2017|Categories: Business|0 Comments

Citizen Thiel material wrongly withheld at billionaires' request

The Department of Internal Affairs allowed billionaire Peter Thiel to redact key information from his citizenship file, a decision later criticised by the Ombudsman who said the saga attracted "public disquiet".Ombudsman Leo Donnelly's... Source: NZ [...]

By | August 9th, 2017|Categories: Business|0 Comments

Egypt curtails access to subsidized food as part of reforms

CAIRO (AP) " Egypt is curtailing access to ration cards used by three-quarters of the country's 93 million people to buy subsidized food items, the latest move in the government's ambitious economic reform plan.A government [...]

By | August 9th, 2017|Categories: Business|0 Comments

Britain asks regulator to take new look at Fox bid for Sky

LONDON (AP) " Britain's culture ministry is asking the country's broadcast regulator to take a new look at the takeover bid by Twenty-First Century Fox Inc. for satellite broadcaster Sky.The ministry said Tuesday that it [...]

By | August 9th, 2017|Categories: Business|0 Comments

Sir Bob Jones to build one of world's tallest laminated timber buildings in Wellington

One of the world's tallest wooden buildings is being built in Wellington next year, says the man behind the project, real estate mogul Sir Bob Jones.The office building, planned for the corner of Featherston St [...]

By | August 9th, 2017|Categories: Business|0 Comments

Mark Fowler: Bridges to nowhere will burden the economy for years

With the general election fast approaching, New Zealand's political parties are once again hard at work communicating their key policies and manifestos. The case for increased infrastructure spending has long been a hot topic for... [...]

By | August 9th, 2017|Categories: Business|0 Comments

NZ shares mixed, SkyCity falls on tepid earnings

New Zealand shares were mixed, with SkyCity Entertainment Group dropping to a five-month low on mediocre earnings while Mainfreight and A2 Milk Co gained.The S&P/NZX 50 Index rose 16.92 points, or 0.2 per cent, to [...]

By | August 9th, 2017|Categories: Business|0 Comments

Massive steam generator goes down Hudson River to New Jersey

NEW YORK (AP) " A huge steam generator is making its way down the Hudson River toward its home at a New Jersey power plant.The $195 million heat-recovery steam generator left the Port of Coeymans [...]

By | August 9th, 2017|Categories: Business|0 Comments

The Latest: Lawyer awaits UK cybersecurity expert's release

LAS VEGAS (AP) " The Latest on plans for a British cybersecurity researcher who was arrested in Las Vegas to appear in federal court in Milwaukee on charges that he created and distributed malicious software [...]

By | August 8th, 2017|Categories: Business|0 Comments

Real estate agent accused of using developer as 'front' to buy properties

A real estate agent who sold two neighbouring homes to a developer is accused of secretly paying him at least $100,000 to cover the deposits, then buying the properties himself through a newly formed company.The [...]

By | August 8th, 2017|Categories: Business|0 Comments

Swastika shirts pulled after backlash

A design studio that tried to "reclaim" the swastika by selling shirts emblazoned with rainbow versions of the Nazi symbol has pulled its products after weeks of backlash, including from a national anti-Semitism group.KA Design... [...]

By | August 8th, 2017|Categories: Business|0 Comments

Climate deal swing votes among top oil money recipients

SACRAMENTO, Calif. (AP) " California Assembly members considered swing votes on legislation to reduce carbon emissions by charging polluters were among the top recipients of donations from oil companies, an analysis of campaign finance... Source: [...]

By | August 8th, 2017|Categories: Business|0 Comments

NZ beef exports face end of a golden run as production lifts

The end of a strong run for New Zealand's beef export trade is looming as the United States continues to ramp up production and as the market faces increased tariffs in Japan.Japan, New Zealand's fourth [...]

By | August 8th, 2017|Categories: Business|0 Comments

EU: Some British payments will continue past Brexit

BERLIN (AP) " The European Union's budget commissioner says Britain will need to make payments into long-term projects even after Brexit.Guenther Oettinger told Germany's Bild newspaper in remarks published Monday that Britain would... Source: NZ [...]

By | August 8th, 2017|Categories: Business|0 Comments

Iran signs its biggest-ever car deal with France's Renault

TEHRAN, Iran (AP) " Iran's official news agency says two Iranian companies have signed the country's biggest-ever car deal with French multinational automobile manufacturer Groupe Renault to produce 150,000 cars, beginning in 2018.IRNA... Source: NZ [...]

By | August 8th, 2017|Categories: Business|0 Comments

Google fires author of divisive gender memo

Google has fired an employee who wrote an internal memo blasting the web company's diversity policies, creating a firestorm across Silicon Valley.James Damore, the Google engineer who wrote the note, confirmed his dismissal in an... [...]

By | August 8th, 2017|Categories: Business|0 Comments

Good Karma: How an ethical Kiwi cola company took on the world

The co-founder of the ethical cola company signed up by Jamie Oliver's restaurant group says the deal shows the business is a real "contender" in the lucrative British beverage industry.Karma Cola's Simon Coley said the [...]

By | August 8th, 2017|Categories: Business|0 Comments

SoftBank adding technology ambitions, with ARM, robotics

TOKYO (AP) " Photo ops of SoftBank Chief Executive Masayoshi Son sometimes show him chatting happily with his company's humanoid robot, the childlike Pepper, or grinning as President Donald Trump heaps praise on him for [...]

By | August 8th, 2017|Categories: Business|0 Comments

New Zealand dollar holds steady as interest rate decision looms

The New Zealand dollar was largely unchanged, capped by expectations the central bank may be more dovish on Thursday and by a strong rebound in the US dollar after solid jobs data overnight Friday.The Kiwi [...]

By | August 7th, 2017|Categories: Business|0 Comments

New Zealand shares rally as election draws closer

New Zealand shares rallied, with more volume through politically-driven sectors as the September election draws closer.A2 Milk Co rallied to another record, while Xero gave back some gains.The S&P/NZX 50 Index rose 25.45 points,... Source: [...]

By | August 7th, 2017|Categories: Business|0 Comments

Rocket Lab clear on why first launch failed and confident to go again

Rocket Lab has pinpointed the problem that meant its first Electron rocket was killed before it got to orbit but the company is confident the fault has been ironed out.While it made it to space, [...]

By | August 7th, 2017|Categories: Business|0 Comments

MPI says number of farms hit by cattle disease stays at two

The Ministry for Primary Industries (MPI) says it will take two or three months of testing before the two South Canterbury farms hit by Mycoplasma bovis could be declared free of the cattle disease.MPI, in [...]

By | August 7th, 2017|Categories: Business|0 Comments

Duty-free rip offs: Airport buys not always a bargain

Duty-free products aren't the bargain travelling shoppers may believe and confectionery was consistently more costly than in supermarkets, a Consumer NZ study has found.The watchdog said people would do well to check prices before... Source: [...]

By | August 7th, 2017|Categories: Business|0 Comments

A bit crappy: Parents angry at Treasures nappy change

Desperate parents are begging Treasures to fix a new and "improved" nappy design which they say is causing leaks and nappy rash. The Kiwi company switched its nappy design earlier this year but feedback from [...]

By | August 7th, 2017|Categories: Business|0 Comments

Bondi swimwear brand finds success overseas

It's named after Australia's most iconic beach, it's made in Australia by Australian designers using Australian manufacturers, and yet this success story is entirely built overseas.Bondi Born, the three-year-old luxury swimwear... Source: NZ Herald Business [...]

By | August 6th, 2017|Categories: Business|0 Comments

Small business: The student from Russia who started cargo company Easy Freight

Russian business owner Max Sherstobitov co-owns freight company Easy Freight based at Auckland Airport. Sherstobitov discusses the firm, what it's like working in his role and future business aspirations. Brief description of the... Source: NZ [...]

By | August 6th, 2017|Categories: Business|0 Comments

Kiwifruit growers take Government to court: 'We thought we were protected'

Kiwifruit orchardists say the Psa virus ruined lives, and now the Government needs to take responsibility. A landmark case goes to the High Court in Wellington today, with 212 kiwifruit growers banding together and alleging [...]

By | August 6th, 2017|Categories: Business|0 Comments

One in five oppose raising retirement age in ASB survey

One in five Kiwis strongly opposes raising the age of eligibility for New Zealand Superannuation, research has revealed.The National-led Government announced earlier this year that it would increase the eligibility age from 65 to... Source: [...]

By | August 6th, 2017|Categories: Business|0 Comments

Britain to put $63.5b on table for Brexit divorce

By Peter Foster Britain is prepared to pay up to €40 billion ($63.5b) to the EU to settle the so-called Brexit divorce bill.Senior Whitehall officials have concluded that such an offer - the first time [...]

By | August 6th, 2017|Categories: Business|0 Comments

'I've done my crying here': How Lipstick queen Poppy King bounced back

As her cosmetics empire and reputation crumbled around her, it wasn't one of her cult-followed matt lip colours Poppy King used to help her put on a brave face.The Australian lipstick queen's pick-me up of [...]

By | August 6th, 2017|Categories: Business|0 Comments

RBNZ governor unlikely to go out with a bang

It might be Reserve Bank Governor Graeme Wheeler's last monetary statement but don't expect any radical change in tack on interest rates this Thursday morning.The official cash rate will stay on hold at 1.75 per [...]

By | August 6th, 2017|Categories: Business|0 Comments

In search of reliable workers, factory hires robots

The workers of the first shift had just finished their morning cigarettes and settled into place when one last car pulled into the factory parking lot, driving past an American flag and a "now hiring" [...]

By | August 6th, 2017|Categories: Business|0 Comments

US billionaire takes aim at Aussie mining company

When US hedge fund billionaire Paul Singer wanted the Argentinian government to repay him for the bonds he held, he didn't mess around.He had a 100-metre Argentine navy ship seized as collateral for the debt.It [...]

By | August 6th, 2017|Categories: Business|0 Comments

How to survive a housing market crash

This story is about what you can do if Australia has a housing crash. Plenty has been written about whether we will or won't. This is not one of those stories. This is an if-then [...]

By | August 6th, 2017|Categories: Business|0 Comments

America's Cup carrot dangled for apartment buyers

Real estate agents selling waterfront apartments are using the America's Cup to entice buyers.At least 30 current listings mention the Auld Mug in attention grabbing headlines or blurbs tempting buyers with "grandstand seats" and... Source: [...]

By | August 5th, 2017|Categories: Business|0 Comments

Liam Dann: Not another Jacinda Ardern column

Don't worry this isn't another column about Jacinda Ardern.Well mostly not.It is a column about the tension between market economics and socialism.Or, to put it another way, a column about the conflict between our belief [...]

By | August 5th, 2017|Categories: Business|0 Comments

Stunning clifftop home and villa reno judged builder's best

A clifftop Waiheke home and a renovated Grey Lynn villa have taken out this year's Supreme Awards in the Auckland Registered Master Builders 2017 House of the Year competition.Pitch Construction Limited won four regional awards... [...]

By | August 5th, 2017|Categories: Business|0 Comments

Diana Clement: Netflix, Lightbox, bundled power – which broadband deal?

Are you getting the best broadband or fibre deal? If you haven't double-checked in the past 12 months your existing provider or others will almost certainly have a better deal for you.Options could include a [...]

By | August 5th, 2017|Categories: Business|0 Comments

McDonald's to serve Happy Meals with books

Minions and My Little Pony step aside - McDonald's New Zealand is now offering books as an alternative to toys, in Happy Meals.Children can choose between a toy and a book, with options including the [...]

By | August 5th, 2017|Categories: Business|0 Comments

Are Melbourne house prices killing the world's most liveable city?

Melburnians take considerable pride in their hometown's 'Most Liveable City in the World' crown, but property and planning experts are warning that the title is under threat.Expensive housing, sprawling outer suburbs without proper... Source: NZ [...]

By | August 5th, 2017|Categories: Business|0 Comments

US job market recovers from Great Recession

A decade after being devastated by the Great Recession, the U.S. job market has finally returned to levels it was at before the financial bubble burst and the economy cratered.The economy added 209,000 jobs in [...]

By | August 5th, 2017|Categories: Business|0 Comments

Judge sets US$30,000 bail for UK hacker in malware case

A Las Vegas federal judge set bail of US$30,000 for a celebrated young British cybersecurity researcher accused by U.S. prosecutors of creating and distributing malicious software designed to steal banking passwords.The attorney... Source: NZ Herald [...]

By | August 5th, 2017|Categories: Business|0 Comments

Children's shoes recalled over cancer risk

Retailer Ezibuy has recalled a children's shoe over health concerns.The lining of the brogue shoe contains benzidine, which has been linked to an increased risk of cancer.Ezibuy sold the Next UK navy brogue shoe in [...]

By | August 5th, 2017|Categories: Business|0 Comments

The Great Escape:The battle over booking your holiday

A decade ago the obituaries for bricks and mortar travel agents were starting to appear.But they've proven way off beam. The thought that travellers would do it all themselves and book through online travel agents [...]

By | August 4th, 2017|Categories: Business|0 Comments

Mary Holm: Doing right by disabled KiwiSaver

Q: We have a son with an intellectual disability and when KiwiSaver started we opened an account for him as well as his brothers. We contributed the $1050 per year either from our funds or [...]

By | August 4th, 2017|Categories: Business|0 Comments

Woman gets her house back – thanks to Herald

A 'no commission' house buying company has backed down and abandoned the purchase of a disabled woman's house after legal threats from a top law firm and publicity in the Weekend Herald .Pamela Baucke said [...]

By | August 4th, 2017|Categories: Business|0 Comments

The slow cooking approach to fast food

In the 10 years since Russel Creedy took the top job at Restaurant Brands, the South African's inches-by-inches approach has seen the company move into the sharemarket's top 50 companies, return to profitability, and begin [...]

By | August 4th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: So who's the boss now? Ardern leaves no doubt

Labour leader's strategy was straight out of the Helen Clark playbook. Jacinda Ardern showed who's the boss by forcing Metiria Turei to rule herself out of contention for a Cabinet Minister's job in a Labour-led [...]

By | August 4th, 2017|Categories: Business|0 Comments

More Hawaii flights could spark airfare war

Air New Zealand will add almost 60,000 additional seats between Auckland and Honolulu next year, which could lead to an airfare war on the increasingly popular route.Hawaii is one of the high growth destinations for [...]

By | August 4th, 2017|Categories: Business|0 Comments

A&G Price owes $5.2m, say liquidators

A&G Price, the Thames engineering company which went into liquidation last week, owed $5.2 million to its creditors, the liquidator's first report says.The company had been operating in Thames for nearly 150 years, but recently... [...]

By | August 4th, 2017|Categories: Business|0 Comments

Threat to Sky TV? Amazon could screen ABs tests

A tech expert says Sky TV's days are numbered, as retail giant Amazon expands in the Pacific.The multi-billion dollar company is set to open its first warehouse in Australia, and is a growing force in [...]

By | August 4th, 2017|Categories: Business|0 Comments

Extreme lengths Apple goes to stopping leaks

By Matthew Dunn It's a very particular formula.Tim Cook stands on stage at Apple's annual September event and unveils the company's latest flagship products to the world for the first time.Whether it's exploiting government... Source: [...]

By | August 4th, 2017|Categories: Business|0 Comments

Dunkin' Donuts considering dropping 'donuts' from name

Dunkin' is thinking about dumping "Donuts" from its name.A new location of the chain in Pasadena, California, will be simply called Dunkin', a move that parent company Dunkin' Brands Inc. calls a test.The Canton, Massachusetts-based... [...]

By | August 4th, 2017|Categories: Business|0 Comments

Robyn Pearce: A cautionary tale of clutter

A few years ago I was invited to stay with a friend in Italy. As she walked me through her small apartment I wondered why I was feeling a bit uncomfortable. It certainly wasn't her [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Brian Fallow: Chilly homes are a crying shame

Andrew Little's Healthy Homes Guarantee Bill passed its second reading in Parliament last week.It would amend the Residential Tenancies Act to require the Ministry of Business, Innovation and Employment to set minimum standards... Source: NZ [...]

By | August 3rd, 2017|Categories: Business|0 Comments

John Drinnan: TVNZ's plan to win over the kids

The knives are out for public broadcasting across the Tasman, as commercial media call on the Government to rein in the ABC.Only last week, Australian media companies issued another call for the Government to clip [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Matt Nippert: Tax crackdown evolves: Kills foreign trusts, slugs MNCs for $200m

The multinational tax crackdown announced yesterday is a remarkable evolution of government thinking.This metamorphosis encompasses both whether the problem of corporate tax avoidance was a problem at all, and also if it could be... Source: [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Brayden Freeman, Hell Pizza's youngest owner

By Dubby Henry Brayden Freeman put away every cent he could spare since he started making pizzas at 14.Thanks to his hard work he's now become the youngest Hell Pizza franchise owner in New Zealand [...]

By | August 3rd, 2017|Categories: Business|0 Comments

What's behind the Dow's stunning rise to 22,000?

By Thomas Heath, Heather Long, Alex Schiffer The Dow Jones industrial average closed above 22,000 Wednesday, setting a record high in what has become one of its longest bull markets in history.The extraordinary rise of [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Beer industry generates $2.2b in economic activity

It's international beer day tomorrow and what better way to celebrate than raising a glass to the local industry that generates $2.2 billion in economic activity.The Brewers Association is calling on Kiwis to give thanks [...]

By | August 3rd, 2017|Categories: Business|0 Comments

NZ shares rise, Kathmandu and Briscoes gain

New Zealand shares hit a fresh record, with retailers Kathmandu Holdings and Briscoe Group gaining on positive earnings, while Xero hit a new high.The S&P/NZX50 Index rose 5.44 points, or 0.07 per cent, to 7,753.75. [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Commonwealth Bank embroiled in laundering scandal

Authorities have accused the Commonwealth Bank of more than 53,000 contraventions of strict regulations designed to combat money laundering and terrorist financing.The Australian Transaction Reports and Analysis Centre (AUSTRAC)... Source: NZ Herald Business News

By | August 3rd, 2017|Categories: Business|0 Comments

New Zealand dollar falls to a nine-day low

The New Zealand dollar fell to a nine-day low on growing expectations that the central bank will shift to an even more neutral stance at next Thursday's policy review and signal interest rates will be [...]

By | August 3rd, 2017|Categories: Business|0 Comments

Get ready for the next smartphone smackdown between Apple and Samsung

Apple and Samsung are set for another big face-off in the coming months as both prepare for major smartphone launches. Which means that we, as the phone-buying public, are being inundated with rumors about what [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Company wants 10,000 electric bikes on Auckland streets

An Auckland company says electric bikes are the ideal solution to the traffic gridlock plaguing the city.Big Street Bikers aims to have 10,000 electric bikes on the streets by 2020. The firm's plan is to [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Auckland traffic 'pouring $1.9 billion down the drain'

Auckland's snarled traffic is costing strangled businesses up to $1.9 billion each year, as some trucking firms refuse to deliver to parts of the city labelled vehicle "black holes".But the revelations, detailed in a new [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Stocks move higher, sending Dow industrials closer to 22,000

NEW YORK (AP) " U.S. stocks are rising Tuesday, sending the Dow Jones industrial average closer to 22,000 points. Banks are posting some of the biggest gains. Royal Caribbean Cruises is jumping after it raised [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Top Senate Dem: Trump threat against health funds 'childish'

WASHINGTON (AP) " The Senate's top Democrat accused President Donald Trump on Tuesday of childish behavior by threatening to halt federal payments that help millions afford health coverage, saying such a move would impose a [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Apple iPhone set to embed augmented reality technology into latest device

Apple's iPhone may be ready for its next big act - as a springboard into "augmented reality", a technology that projects life-like images into real-world settings viewed through a screen. If you've heard about AR [...]

By | August 2nd, 2017|Categories: Business|0 Comments

NZ shares rise to new record as blue chips gain

New Zealand shares rose to a new record, led by blue chip stocks including Xero and Ryman Healthcare, while Metro Performance Glass dropped.The S&P/NZX50 Index gained 18.87 points, or 0.24 per cent, to 7,748.31, a [...]

By | August 2nd, 2017|Categories: Business|0 Comments

The Great Escape: Cruising on oceans and rivers riding a wave

The cruise industry is one of the biggest movers in the Kiwi travel boom.A record 90,184 New Zealanders sailed on ocean cruises last year, a 36 per cent leap on the previous 12 months.River cruises [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Why you shouldn't update your LinkedIn profile

If you've recently updated your LinkedIn profile, there's a good chance your boss knows you might be looking for work elsewhere, news.com.au reports.Their spy is hiQ, a San Francisco-based company which collects and analyses data... [...]

By | August 2nd, 2017|Categories: Business|0 Comments

NZ dollar falls on weak jobs data

The New Zealand dollar fell after weaker-than-expected employment in the second quarter added to the view the central bank will keep interest rates firmly on hold for longer. The kiwi was trading at 74.28 US [...]

By | August 2nd, 2017|Categories: Business|0 Comments

Latest QV data shows Auckland housing market stalls

The Auckland housing market has experienced no growth in the past three months and the annual growth rate continues to slide, latest data from Quotable Value shows.Residential property values across the Auckland Region increased... Source: [...]

By | August 1st, 2017|Categories: Business|0 Comments

Responsible investment grows to $42.7b

The move by KiwiSaver funds to exit investments in tobacco and controversial weapons has seen a massive spike in the amount of money invested responsibly in New Zealand.Investment by funds which screen out the nasties [...]

By | August 1st, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Can Ardern pull bunny out of new hat?

Jacinda Ardern's pledge of "relentless positivity" will strike a note with business.The last thing businesses want - after three terms of relative stability under the John Key/Bill English-led Government - is a female incarnation... Source: [...]

By | August 1st, 2017|Categories: Business|0 Comments

Investment marks end to 'lost decade'

By Tim Wallace Business investment is picking up at last after "a lost decade" across the globe, raising hopes that the rise in economic growth could be sustained.Capital expenditure by businesses worldwide is set to [...]

By | August 1st, 2017|Categories: Business|0 Comments

Police in at least 2 Dallas suburbs contend with 911 woes

PLANO, Texas (AP) " Police in at least two Dallas suburbs say they're trying to determine what's preventing people from being able to make emergency 911 calls.Authorities in Plano (PLAY'-noh) and Rowlett (row-LET'), both just [...]

By | August 1st, 2017|Categories: Business|0 Comments

Facebook shuts down controversial chatbot experiment after AIs develop their own language to talk to each other

Facebook has shut down a controversial chatbot experiment that saw two AIs develop their own language to communicate. The social media firm was experimenting with teaching two chatbots, Alice and Bob, how to negotiate with [...]

By | August 1st, 2017|Categories: Business|0 Comments

NZ shares follow Asia higher led by blue chip stocks

New Zealand shares rose, following Asia higher, as blue chip stocks including Spark New Zealand and Fisher & Paykel Healthcare helped drag the benchmark index up, offsetting a bigger number of smaller firms declining. The [...]

By | August 1st, 2017|Categories: Business|0 Comments

Japan factory output climbs in June, as inflation stalls

TOKYO (AP) " Japan's factory output rose in June, while unemployment fell to 2.8 percent, as a recovery in global demand helped drive growth in the world's third-largest economy.The Ministry of Economy, Trade and Industry [...]

By | August 1st, 2017|Categories: Business|0 Comments

NZ dollar weaker against Aussie after RBA stays on message

The New Zealand dollar lost ground against the Australian dollar when the Reserve Bank of Australia kept rates on hold at 1.5 per cent and said its forecasts for the Australian economy are largely unchanged [...]

By | August 1st, 2017|Categories: Business|0 Comments

Hotels at choking point, 95 per cent occupancy in Auckland

Hotels nationwide were at an occupancy rate of 81 per cent in the year to June, which is good news for the business but won't be sustainable without new stock.Research from real estate firm CBRE [...]

By | August 1st, 2017|Categories: Business|0 Comments

Revealed for the first time: just how much gold is in London's vaults

London has long been acknowledged as the biggest gold trading centre in the world, but no one has ever been able to say for sure how much gold is stored in the capital - until [...]

By | July 31st, 2017|Categories: Business|0 Comments

Employee stress levels up more than 20pc in two years

Workers are taking fewer days off due to sickness and ill health but stress and anxiety levels have risen by more than 20 per cent in two years.Research by Business New Zealand and Southern Cross [...]

By | July 31st, 2017|Categories: Business|0 Comments

Apple and Google: don't wait for the Broadpwn worm to turn

Imagine your smartphone or tablet getting hacked by simply walking past a Wifi access point. You don't need to do anything for the hack to happen, not even join the Wifi network, and you won't [...]

By | July 31st, 2017|Categories: Business|0 Comments

Metal exchange boss takes on the bear pit

By Lucy Burton When investment banker Matthew Chamberlain was advising on the historic sale of the London Metal Exchange five years ago, he had no idea that by the age of 34 he'd become its [...]

By | July 31st, 2017|Categories: Business|0 Comments

Deadly crashes spur calls for tractor-trailer side guards

ALBANY, N.Y. (AP) " Fifty years after actress Jayne Mansfield died in a Buick that slammed underneath a tractor-trailer, auto safety advocates say regulations inspired by that gruesome crash need updating to prevent hundreds of [...]

By | July 31st, 2017|Categories: Business|0 Comments

Powerhouse Ventures in trading halt of ASX shares

Christchurch-based technology incubator Powerhouse Ventures has sought a trading halt of its ASX-listed shares after the National Business Review reported a mass resignation of directors at investee firm Hydroworks. The company... Source: NZ Herald Business [...]

By | July 31st, 2017|Categories: Business|0 Comments

NZ shares gain led by A2 Milk; Xero reaches 3-year high

New Zealand shares rose led by A2 Milk amid optimism it will stand to benefit from Chinese efforts to reduce the number of infant formula brands available in its market, while Xero reached a three-year [...]

By | July 31st, 2017|Categories: Business|0 Comments

NZ dollar treads water ahead of key data later in week

The New Zealand dollar inched higher as the greenback remains out of favour and investors await key data later in the week.The kiwi traded at 75.06 US cents at 5pm versus 74.99 US cents at [...]

By | July 31st, 2017|Categories: Business|0 Comments

Growth in housing debt continues to slow

The rate at which New Zealand's housing debt is growing has slowed for the sixth consecutive month.While total housing debt grew to a record $235.8 billion the trend for slower growth will be reassuring to [...]

By | July 31st, 2017|Categories: Business|0 Comments

Mycoplasma bovis: Second farm tests positive

A second South Canterbury dairy farm belonging to the Van Leeuwen Dairy Group has tested positive for Mycoplasma bovis.The Ministry for Primary Industries says the detection isn't unexpected, because of the close proximity to the... [...]

By | July 31st, 2017|Categories: Business|0 Comments

The Economy Hub: Inflation higher for poorest

Inflation hits the poor hardest according to new data sets from Statistics NZ.This week in on the Economy Hub ANZ senior economist Philip Borkin discusses what's driving the phenomenon and why the traditional Consumer Price [...]

By | July 30th, 2017|Categories: Business|0 Comments

Small Business: Clearing the mind and making a living – Studio Red Yoga

Vicky Cullinane, owner and founder of Auckland-based Studio Red Yoga discusses why she set up a yoga business and built the luxury workout space from scratch. A brief description of the business Studio Red Yoga [...]

By | July 30th, 2017|Categories: Business|0 Comments

Investor confidence softens ahead of general election

Investor confidence in New Zealand has softened in recent months according to the latest ASB Investor Confidence Report.Overall, confidence is still high on a +23 per cent net positive, down slightly on +25 per cent [...]

By | July 30th, 2017|Categories: Business|0 Comments

TV reporter filming in Polish forest attacked by loggers

WARSAW, Poland (AP) " Polish police say they have detained two men who attacked a television crew filming in a forest and injured a cameraman, smashing his camera and seizing his memory cards.The Bialowieza Forest, [...]

By | July 30th, 2017|Categories: Business|0 Comments

Kiwifruit growers head to court over Psa outbreak

Kiwifruit growers and post-harvest operators head to the High Court next week to pursue a claim against the Ministry for Primary Industries, who they say could have stopped the outbreak of Psa and saved the [...]

By | July 30th, 2017|Categories: Business|0 Comments

Small breweries set to hit the big time in Australia

Craft beer in Australia is about to transform from small business into big business, at least for some brewers.The sector has been growing strongly and some brewers are seeking external capital to expand, but they [...]

By | July 30th, 2017|Categories: Business|0 Comments

Economy Hub: As unemployment falls will wages rise?

Economists expect to see evidence that unemployment has fallen further when fresh data is released on Wednesday.ANZ senior economist Philip Borkin said he was expecting to see a slight drop in unemployment from 4.9 per [...]

By | July 30th, 2017|Categories: Business|0 Comments

The kids making thousands in pocket money

Enterprising children and teenagers have discovered they can boost their pocket money by thousands of pounds selling items online - without the interference of their parents.Since the e-commerce boom in the mid-to-late Nineties,... Source: NZ [...]

By | July 30th, 2017|Categories: Business|0 Comments

South Korean hangover cure embraced in US

If you're feeling a bit worse for wear this weekend thanks to a big night out - and let's face it, there's probably about a million of us right now - you might wish you [...]

By | July 30th, 2017|Categories: Business|0 Comments

Lose your dog or your rank, veteran cop allegedly told

A police dog handler who helped bring down one of the country's most notorious killers alleges he was told to either give up his dog or be demoted.Veteran officer David Templeton, who was commended for [...]

By | July 29th, 2017|Categories: Business|0 Comments

House moves to extend choice program, end VA budget crisis

WASHINGTON (AP) " The House overwhelmingly approved a $3.9 billion emergency spending package to address a budget shortfall at the Department of Veterans Affairs that threatens medical care for thousands of veterans.The bill provides... Source: [...]

By | July 29th, 2017|Categories: Business|0 Comments

Fumes force Austin police to pull Ford Explorers off patrol

AUSTIN, Texas (AP) " Police in Austin, Texas, will pull nearly 400 Ford Explorer SUVs from their patrol fleet amid complaints of exhaust fumes inside the vehicles that have sickened some officers.Friday's move comes as [...]

By | July 29th, 2017|Categories: Business|0 Comments

Liam Dann: NZ's prosperity still tethered to farm gate

There's nothing like a biosecurity scare to remind us that New Zealand's economic prosperity is still - for better or for worse - tethered to the farm gate. The instant that news of the Mycoplasma [...]

By | July 29th, 2017|Categories: Business|0 Comments

Diana Clement: How to slash spending

When money is tight, it's not always easy to find spending to cut back on. And what's essential for some isn't for others.As staff at the Pakuranga & Howick Budgeting Centre (PHBC) point out, some [...]

By | July 29th, 2017|Categories: Business|0 Comments

Heather du Plessis-Allan: No shutting the door on gender pay gap

A group of young leaders asked me to give a speech to their organisation this week.Topic? Anything I liked.A blank slate is a licence to taunt. So I did. I tortured them with Thoughts on [...]

By | July 29th, 2017|Categories: Business|0 Comments

Is Amazon getting too big?

Amazon's general counsel, David Zapolsky, had a lot on his mind last month when he and four members of his legal team visited the offices of New America, a liberal-leaning think tank in Washington. The [...]

By | July 29th, 2017|Categories: Business|0 Comments

How a job acquires a gender (and less authority if it's female)

"I'm not bossy, I'm the boss." So proclaims Beyoncé in a video in support of the #banbossy campaign. The campaign highlights how when little boys take charge, they're often praised for being a "leader." But [...]

By | July 28th, 2017|Categories: Business|0 Comments

Young, rich … miserable: how near death and a ruthless banker boss led to Aussie cosmetics success

By Shannon Molloy, News Corp Australia Network For most of his 20s, Chris Glebatsas was what some might call a "banker wanker".He was young, rich, drove a flashy sports car and lived the high life [...]

By | July 28th, 2017|Categories: Business|0 Comments

Auckland's property hotspots revealed

Property prices in the sleepy seaside suburb of Beachlands have been hotter than anywhere else in Auckland so far this year, says the city's biggest real estate agency.Beachlands had a median sales price rise of [...]

By | July 28th, 2017|Categories: Business|0 Comments

Kiwi tech helps sports superstars recover

After a car accident left him unable to walk or pursue his dream of becoming a professional swimmer, Mark Finch has dedicated the past six years to creating groundbreaking technology that helps athletes recover from [...]

By | July 28th, 2017|Categories: Business|0 Comments

Moon Express dream of lunar mission with Rocket Lab on track

A private company planning a Moon mission involving New Zealand's Rocket Lab says it still hopes to reach the lunar surface by as early as the end of the year.Florida-based Moon Express signed a deal [...]

By | July 28th, 2017|Categories: Business|0 Comments

A decade of Auckland house price growth dwarfs 2017 slowdown

Auckland's property market is slowing, with prices falling in the past few months, however 10-year data from real estate agent Barfoot & Thompson puts the scale of the slump into stark perspective.The company's top 20 [...]

By | July 28th, 2017|Categories: Business|0 Comments

Mary Holm: Sailing ahead with term deposits

Q: What's the future of term deposit interest rates? There's absolutely no incentive to save with current interest rates. This is the opinion of many people I know who ask the Government to stop taxing [...]

By | July 28th, 2017|Categories: Business|0 Comments

Kmart fans have gone crazy over this new bargain item – $37 shoe rack

Kmart is known for sending people into a frenzy with their incredible bargains and there always seems to be one item that devout fans of the store are going crazy over.Last week it was the [...]

By | July 28th, 2017|Categories: Business|0 Comments

Cyber spies use fake profile as a 'honey pot' to trap male workers

By Dana McCauley Mia Ash is young, attractive and popular, with hundreds of social media connections.She shares your favourite hobbies, so when she adds you, you're flattered and a little bit excited.After exchanging messages... Source: [...]

By | July 28th, 2017|Categories: Business|0 Comments

Tourism NZ's Stephen England-Hall: The new man who's selling the country

Self-described computer geek Stephen England-Hall says heading Tourism New Zealand was never part of his original long-term plan."If you'd asked me 10 years ago would I end up being the chief executive of a Crown-owned [...]

By | July 28th, 2017|Categories: Business|0 Comments

Media withdraw from EY journalism awards

Several media organisations have withdrawn from the annual EY business journalism awards after an entry about one of the consultancy firm's clients was removed.The entry by journalist Karyn Scherer at NBR was an investigation published... [...]

By | July 28th, 2017|Categories: Business|0 Comments

Birkenstock CEO accuses Amazon of 'modern day piracy'

The chief executive of Birkenstock USA has emerged as an unlikely crusader in a growing battle between smaller retailers and ever-expanding giant Amazon.com.His message to shop owners: Don't even think about selling our shoes to... [...]

By | July 28th, 2017|Categories: Business|0 Comments

Growers speak out over avocado thefts

Avocado thefts have grown into a sophisticated operation in which orchards were targeted using Google Earth, with tonnes of fruit stripped off trees on moonlit nights.Grower Ashby Whitehead's former orchard at Rangiuru was hit four... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Brian Fallow: Govt's carbon policy? We're thinking about it

Into the fog of uncertainty shrouding the future of the Emissions Trading Scheme, Climate Change Minister Paula Bennett has blown the gentlest of puffs.Most of the long-awaited outcomes announced on Wednesday, flowing from the Government's... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Stock takes: NZ investors look for earnings growth

A distinct lack of euphoria surrounds New Zealand and other sharemarkets, despite many of them hitting record highs in recent weeks.In New Zealand's case, much of that reserve can be put down to the proximity [...]

By | July 27th, 2017|Categories: Business|0 Comments

John Drinnan: What's a celebrity really worth?

The BBC salaries row has revived an old discussion about the value of celebrity and what was once called "a culture of excess" at TVNZ.The release of BBC pay deals has revealed that one-time Top [...]

By | July 27th, 2017|Categories: Business|0 Comments

Amazon CEO Jeff Bezos becomes wealthiest person in the world after stocks rise

Amazon.com Inc chief executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of US$90.6 billion [...]

By | July 27th, 2017|Categories: Business|0 Comments

World Masters Games in Auckland pumped $63m into national economy

The 2017 World Masters Games in Auckland have been touted a success with organisers announcing an $800,000 profit and with visitors pumping $63 million into the country's economy.Nearly 30 thousand amateur athletes from all over... [...]

By | July 27th, 2017|Categories: Business|0 Comments

NZ shares mixed, A2 at record while Fletcher recovers

New Zealand shares were mixed, with A2 Milk Co at a fresh record and Fletcher Building continuing to recover, while Sky City Entertainment Group fell.The S&P/NZX50 Index rose 1.13 points, or 0.015 per cent, to [...]

By | July 27th, 2017|Categories: Business|0 Comments

Summerset open first stage of $250m Ellerslie development

Stage one development of a $250 million Summerset retirement village in Ellerslie was opened today by Prime Minister Bill English. Summerset said the higher density nature of the retirement village, compared to the residential homes... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Kiwi dollar hits 26-month high against US

The kiwi dollar pushed to a fresh 26-month high against the greenback as the US dollar remained out of favor in Asian trading.The kiwi traded at 75.45 US cents at 5pm from 75.12 US cents [...]

By | July 27th, 2017|Categories: Business|0 Comments

Fonterra confirms in early talks with Argentina's SanCor

The chairman of Fonterra, John Wilson, has confirmed the co-operative is in talks with Argentina's main dairy company, SanCor, over a possible tie up but said discussions were "at a very early stage".Argentina's two biggest [...]

By | July 27th, 2017|Categories: Business|0 Comments

'Significant increase' in Facebook sale scams

Southern police are calling for people to vigilant after a "significant increase'' in people using Facebook to rip-off unsuspecting consumers.Senior Constable Darryn Buist, of the Otago Coastal Proactive Safety Team, said people... Source: NZ Herald [...]

By | July 26th, 2017|Categories: Business|0 Comments

Brent Sheather: Investing in term deposits far from plain sailing

By Brent Sheather Despite all the hype about Auckland residential property and KiwiSaver, and in spite of how well the local stockmarket is going, New Zealanders still have some $158 billion invested in term deposits. [...]

By | July 26th, 2017|Categories: Business|0 Comments

Key ACA insurer urges gov't to keep customer subsidies

One of the biggest insurers in the Affordable Care Act's marketplaces is warning the federal government that it must preserve cost-sharing payments for low-income customers to avoid hurting millions of people.Centene Chairman and... Source: NZ [...]

By | July 26th, 2017|Categories: Business|0 Comments

Court nixes rifle target maker's defamation suit against NBC

NEW YORK (AP) " A federal appeals court says a rifle target maker missed its mark when it said in a lawsuit that NBC mischaracterized its exploding targets as bombs.The 2nd U.S. Circuit Court of [...]

By | July 26th, 2017|Categories: Business|0 Comments

Greece raises $3.5 billion in milestone bond issue

ATHENS, Greece (AP) " The Greek government says it has raised 3 billion euros ($3.5 billion) from the country's first bond issue in more than three years, which was more than two times oversubscribed.The government [...]

By | July 26th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Media should be in the vanguard of change

Why is it that the notion a woman might get a 'fair suck of the sav' still irritates some media professionals a full century after women achieved the vote.You would expect news media to be [...]

By | July 26th, 2017|Categories: Business|0 Comments

NZ shares mixed, A2, Fletcher rally while Tower drops 28pc

New Zealand shares were mixed, with A2 Milk Co at a record high and Fletcher Building recovering some losses while Tower plunged 28 per cent after its merger application was declined.The S&P/NZX50 Index dipped 2.47 [...]

By | July 26th, 2017|Categories: Business|0 Comments

Dollar gains vs Aussie after weak CPI, Lowe speech

The New Zealand dollar gained against the Aussie after Australian second-quarter inflation was more muted than expected and Reserve Bank governor Philip Lowe talked down the possibility of imminent rate hikes. The kiwi rose to [...]

By | July 26th, 2017|Categories: Business|0 Comments

IFC readies for launch of NZ's first green Kauri bond

International Finance Corporation (IFC) - part of the World Bank - has mandated the ANZ and the BNZ to manage New Zealand's first green "Kauri" bond issue.A Kauri bond is a bond denominated in New [...]

By | July 26th, 2017|Categories: Business|0 Comments

Finance Minister Steven Joyce denies plans to sell off Transpower

Finance Minister Steven Joyce has denied the Government has plans to sell grid operator Transpower after NZ First leader Winston Peters released a confidential report by an investment bank on the options for a possible [...]

By | July 26th, 2017|Categories: Business|0 Comments

Deal signed for new $200m Auckland hotel aimed at healthy travellers

A deal to bring a new hotel brand to New Zealand was formalised in Sydney yesterday, with plans for a 200-room EVEN hotel in the city's central business district.It will be the first EVEN outside [...]

By | July 25th, 2017|Categories: Business|0 Comments

Juha Saarinen: Software money? We're not ready for that

Cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin haven't even been around for a decade, but they are valued somewhere about $135 billion already, which isn't small change. For an outsider used to government-issued money... Source: [...]

By | July 25th, 2017|Categories: Business|0 Comments

Riding the rails: Touring Rhode Island on a rail bike

PORTSMOUTH, R.I. (AP) " There's a new way to ride the rails in Rhode Island: by pedaling a rail bike beside picturesque Narragansett Bay.Rail Explorers opened in Portsmouth in April as part of the Newport [...]

By | July 25th, 2017|Categories: Business|0 Comments

Markets Right Now: A mixed start for US stocks

NEW YORK (AP) " The latest on developments in financial markets (All times local):9:35 a.m.Stocks are off to a mixed start on Wall Street as declines in health care and consumer-focused companies outweigh gains in [...]

By | July 25th, 2017|Categories: Business|0 Comments

German automakers' shares fall on diesel emissions concerns

FRANKFURT, Germany (AP) " The German auto industry's troubles over excessive diesel emissions are looming larger.Shares in the three biggest German automakers fell Monday after a newsmagazine report claimed they had colluded for... Source: NZ [...]

By | July 25th, 2017|Categories: Business|0 Comments

Auckland realty agent tried to sell home without owner's permission

A real estate agent who claimed to work for a luxury Auckland firm has been struck off after trying to sell a Grey Lynn villa without the owner's knowledge or permission.Julian Angelo created a Trade [...]

By | July 25th, 2017|Categories: Business|0 Comments

NZ shares mixed; beat-up Fletcher rises

New Zealand shares were mixed, with Fletcher Building and A2 Milk Co gaining while Sky Network Television and Bethunes Investments dropped.The S&P/NZX 50 Index rose 30.77 points, or 0.4 percent, to 7,713.06. Within the index, [...]

By | July 25th, 2017|Categories: Business|0 Comments

US employment expert tells employers to up-skill or perish

An American employment expert says New Zealand companies need to do much more to ensure future workforces are up to the challenges brought on by changes in demographics and increased automation.Los Angeles-based chief executive... Source: [...]

By | July 25th, 2017|Categories: Business|0 Comments

Kiwi a tad higher vs greenback

The New Zealand dollar dipped after the Ministry for Primary Industries said a cattle disease had been detected in a dairy herd in South Canterbury but swiftly pared its losses on the back of a [...]

By | July 25th, 2017|Categories: Business|0 Comments

Trans Tasman Resources iron sand decision pushed back

The decision making committee which will determine whether Trans Tasman Resources gets a green light to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone has indicated it requires an additional [...]

By | July 25th, 2017|Categories: Business|0 Comments

Future of Airbus A380 hinges on Emirates order

Airbus is working on vital sales campaigns aimed at extending the life of its flagship A380 superjumbo, with outgoing marketing chief John Leahy seeking to secure orders by the Dubai Air Show in November, people [...]

By | July 24th, 2017|Categories: Business|0 Comments

Japanese brewers want to turn NZ into a nation of sake drinkers

Once a drink for middle-aged and elderly Japanese, sake brewers have introduced new varieties from sparkling sake to sake cocktails aimed at women and the young.Now, these Japanese sake brewers want to spread the delicate [...]

By | July 24th, 2017|Categories: Business|0 Comments

Green Building Council overhauls Homestar standard

The Green Building Council is overhauling its "Homestar" quality verification tool for the first time in seven years.The NZGBCsaid the changes would make it easier for the building and construction sector to "lift and verify [...]

By | July 24th, 2017|Categories: Business|0 Comments

Mark Lister: Study of earning trends vital for investors

• Mark Lister is head of private wealth research at Craigs Investment Partners This column is general in nature and should not be regarded as specific investment advice The August reporting season will see many [...]

By | July 24th, 2017|Categories: Business|0 Comments

Victory for 'Dunkirk' and 'Girls Trip' at box office

LOS ANGELES (AP) " It's victory for "Dunkirk" at the box office this weekend. Studios on Sunday say the Christopher Nolan World War II epic earned an estimated $50.5 million to top the charts, with [...]

By | July 24th, 2017|Categories: Business|0 Comments

NZ shares rise, Stride, Warehouse Group gain

New Zealand shares gained, led by Stride Property and Warehouse Group, while dual-listed Westpac Banking Corp and Australia & New Zealand Banking Group fell.The S&P/NZX50 Index rose 11.43 points, or 0.1 per cent, to 7,682.29. [...]

By | July 24th, 2017|Categories: Business|0 Comments

Caniwi commits another $26m to property portfolio

Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21m for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, and a $5m... Source: [...]

By | July 24th, 2017|Categories: Business|0 Comments

NZ dollar falls from 10-month high as Aussie data awaited

The New Zealand dollar fell from the 10-month high it reached in New York on Friday as investors await offshore events for direction, in particular in Australia.The kiwi traded at 74.32 US cents as at [...]

By | July 24th, 2017|Categories: Business|0 Comments

Deluge misses southern hydro lakes

Last weekend may have been Oamaru's wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro [...]

By | July 24th, 2017|Categories: Business|0 Comments

Kiwis are now talking more on mobile than landline

Kiwis chatted for more than 8 billion minutes on their mobiles last year - nearly four times the amount they did a decade ago.2016 was also the first year we talked longer on our mobiles [...]

By | July 24th, 2017|Categories: Business|0 Comments

Small Business: Running an e-commerce business from Raglan – Fallenfront

Steve Crowhurst, 34, runs his e-commerce business from the surf shores of Raglan. Crowhurst talks about the beauty of technology, the internet, how it provides flexibility and what his work schedule looks like. A brief [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Fletcher blow-out $231m: Analysts

Costs on two big Fletcher Building projects have blown-out by an estimated $231 million and the company's construction division faces further potential losses, analysts say.New Zealand's biggest construction company has also seen... Source: NZ Herald [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Real estate agent faces trial over Auckland property deals

A real estate agent who faces up to seven years in jail if convicted over two property deals in which investigators say he personally benefited by more than $850,000 will go on trial today.Former Barfoot [...]

By | July 23rd, 2017|Categories: Business|0 Comments

What new owner plans to do with PK Furniture

The buyer of embattled PK Furniture says the chain is going to be nothing like it used to be, with a complete rebrand and change of direction.PK Furniture, which at one point ran 17 North [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Qatar Airways says world's longest flight from Auckland not hit by blockade

Qatar Airways says the blockade imposed by some of its neighbours has not dented performance of its non-stop Auckland-Doha service.The airline has been flying what is the world's longest daily flight since February but operations... [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Bank customers get $39m in payouts over 25 years

Bank customers have received nearly $39 million in compensation since the Banking Ombudsman scheme began operating 25 years ago.But the scheme nearly got pulled at the beginning after two banks threatened to withdraw their membership."There... [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Beleaguered Aussie retail chain suffers another setback

There is probably no tougher job for a chief executive than the turnaround.Let's face, when a business is humming along in a strong economy, it probably doesn't matter very much who occupies the chief executive's [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Government announces $600m housing boost for Auckland

Auckland's housing crisis has received a $600 million boost from the Government today to bring forward construction of 23,300 new homes in the north and south of the city.Prime Minister Bill English announced the Government [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Liam Dann: Next Government must be ready for a market crash

It's hard to know if all the turmoil of global politics has eased off in the past few weeks or if I have become more numb to it.Donald Trump's son has been implicated more deeply [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Number of people changing electricity suppliers slumps following 2011 campaign

There might be a huge number of electricity suppliers to choose from, but fewer New Zealanders are opting to switch providers for better prices.But they are being urged to keep checking they're getting the best [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Diana Clement: fundraising a good way to learn about money

Fundraising is the bane of many parents' lives. Your kids get sent home with a carton of chocolate bars or raffle tickets to sell, leaving you to argue with your offspring until you're red in [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Shoppers at The Warehouse often go plastic free to save money

Kiwi consumers are helping save the environment with their wallets as more ditch plastic bags while shopping - and more are likely if the majority of our mayors succeed in introducing a Government-backed surcharge.The number [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Regulators release environmental assessment of pipeline

RICHMOND, Va. (AP) " The Atlantic Coast Pipeline intended to carry natural gas across West Virginia, Virginia and North Carolina would have some adverse environmental effects, including impacts on water resources, forest and other... Source: [...]

By | July 22nd, 2017|Categories: Business|0 Comments

How Jaddan Comerford built a $7 million global music empire from his bedroom

The only difference between having a record company, and not having a record company, is saying you have a record company."That's according to Jaddan Comerford, who grew his music business from a one-man show in [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Invivo Wines makes Graham Norton video

Invivo Wines have released their latest ad, a winemaking video featuring Graham Norton.Norton, who has a small share in the Te Kauwhata winery, can be seen blending wines solo while Invivo co-founders Rob Cameron and [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Lifeguards say regional tourism push increases risks of drowning at Hot Water Beach

A campaign to encourage tourists to visit regions in off-peak times of the year has lifeguards worried more overseas visitors could drown.Tourism Minister Paula Bennett says she was open to talking with surf clubs about [...]

By | July 22nd, 2017|Categories: Business|0 Comments

German car giants 'may have colluded on emissions'

Germany's biggest carmakers are being investigated on suspicion of ­operating a secret technology cartel for the past 20 years that led to the dieselgate emissions scandal, it was claimed today.Daimler, BMW, Volkswagen and the two... [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Watch NZH Local Focus: Rotorua company moving into Christchurch and Auckland

It was heralded as the largest indoor entertainment venue in New Zealand when it opened last year. Now, Motion Entertainment wants to expand further. "We had forecast 200,000 people for Motion Entertainment, walking through the... [...]

By | July 21st, 2017|Categories: Business|0 Comments

Mary Holm: 'Real' or not, fund returns add up

I read with interest your reply with respect to KiwiSaver returns last week. You mention that the returns are, in a way, artificial. I think the way providers calculate them is artificial and grossly understated.If [...]

By | July 21st, 2017|Categories: Business|0 Comments

National Business Review's rich-list 2017 reveals NZ's most wealthy

Nineteen people have joined the exclusive club that make up the National Business Review's rich-list, adding $7b to its collective worth - a total $80b, up from $73b last year. It was the highest number [...]

By | July 21st, 2017|Categories: Business|0 Comments

New Fletcher chief could slash again

Mark Adamson's replacement at Fletcher Building may write down the value of more assets at the country's biggest construction company, says a fund manager.The firm's board is on the hunt for a new chief executive [...]

By | July 21st, 2017|Categories: Business|0 Comments

'We invented competition in New Zealand': 2degrees boss

Walking into the office as the new boss of 2degrees, after the death of his friend and predecessor Eric Hertz, was the probably the toughest thing Stewart Sherriff has ever done.How would the young telecommunications [...]

By | July 21st, 2017|Categories: Business|0 Comments

Jetstar's carry-on crackdown costs passenger $70 for being 1kg over the weight limit

A Jetstar passenger was left annoyed and frustrated by a carry-on crackdown earlier this month which meant forking out $70 to check in a bag because her hand luggage was 1kg overweight.The passenger, who did [...]

By | July 21st, 2017|Categories: Business|0 Comments

The first 'beer for women' faces backlash

A beer marketed specifically at women is facing a major backlash online with social media users branding it "sexist" and "stupid".The beer, brewed in the Czech Republic, comes in a pretty pink bottle and has [...]

By | July 21st, 2017|Categories: Business|0 Comments

Gear Friday: 13-inch 2017 MacBook Pro 'Kaby Lake'

Apple put Intel "Kaby Lake" processors into the MacBook Pro laptop range which hasn't been out that long; the question is, should you have waited for the new hardware, instead of buying the first generation [...]

By | July 21st, 2017|Categories: Business|0 Comments

Fonterra to spend $150m on new Darfield plants

Fonterra said it plans to spend $150 million on building two new cream cheese plants at its plant in Darfield, where the co-operative already operates a huge milk powder making facility.The Darfield plant in Canterbury [...]

By | July 21st, 2017|Categories: Business|0 Comments

Former ASB bank boss Hugh Burrett dies

Former ASB bank chief executive Hugh Burrett has died.Burrett was CEO of the bank from 2001 to 2008 and had a career of more than 40 years with the bank.Barbara Chapman, current ASB chief executive, [...]

By | July 20th, 2017|Categories: Business|0 Comments

Stock Takes: Playing both sides of the Tasman

Playing both sides Briscoe Group has become the latest New Zealand company to dual list in Australia as a foreign exempt entity.Law firm Chapman Tripp noted the growing trend in its annual capital markets report [...]

By | July 20th, 2017|Categories: Business|0 Comments

Brian Fallow: Debt falls, but we're not home & dry

Over the past eight years, New Zealand has gone from being up to its neck in debt to the rest of the world, to up to its belly.Net foreign liabilities have declined from nearly 85 [...]

By | July 20th, 2017|Categories: Business|0 Comments

Is that a drone at the door?

The last mile. It's a short phrase, but one that carries a lot of baggage.In the unglamorous world of transport, the last mile is the final bit of ground which a parcel covers to reach [...]

By | July 20th, 2017|Categories: Business|0 Comments

One in four KiwiSaver investors say fees not explained

The investment watchdog says financial providers need to do a better job of explaining fees and product appropriateness after a poor report card from consumers.Research by the Financial Markets Authority found just 52 per cent [...]

By | July 20th, 2017|Categories: Business|0 Comments

John Drinnan: Sticking with the Breakfast menu

TVNZ denies reports that big changes are coming for its morning showTVNZ says it is happy with its Breakfast team, headed by Hilary Barry and Jack Tame.TVNZ's head of news and current affairs, John Gillespie, [...]

By | July 20th, 2017|Categories: Business|0 Comments

State-owned Airways gives $11,000 book as leaving gift to CEO

Airways have been forced to apologise after it was revealed it spent $11,417 on a farewell book for their departing chief executive Ed Sims.The leaving gift was a photo book made by Christchurch creative agency [...]

By | July 20th, 2017|Categories: Business|0 Comments

Fletcher Building plunges on Adamson ouster

New Zealand shares fell, dragged lower by Fletcher Building hitting a six-week low, as the company's board advised a second large earnings downgrade this year and the departure of its chief executive, Mark Adamson.The S&P/NZX50... [...]

By | July 20th, 2017|Categories: Business|0 Comments

NZ dollar pares losses against Aussie

The New Zealand dollar touched a fresh three-month low against the Australian dollar after strong Aussie jobs numbers, but pared some of its losses over the course of the day.The kiwi was trading at 92.51 [...]

By | July 20th, 2017|Categories: Business|0 Comments

Judge orders Ngatata Love property be sold

The Plimmerton house at the centre of Ngatata Love's fraud case must be sold, as it is tainted by the proceeds of crime and its value is eroding as the mortgage is nearly $100,000 in [...]

By | July 20th, 2017|Categories: Business|0 Comments

RBNZ considering IMF recommendations

The Reserve Bank of has begun a process to review the relevant findings and recommendations from an International Monetary Fund review and is initially focused on whether greater alignment with international orthodoxy might contribute... Source: [...]

By | July 20th, 2017|Categories: Business|0 Comments

Washington Companies has deal to buy Canadian diamond mine

MISSOULA, Mont. (AP) " The Montana-based Washington Companies has an agreement to buy a Canadian diamond mining company for $1.2 billion.Shareholders of Dominion Diamond Corp. and Canadian investment regulators must approve the... Source: NZ Herald [...]

By | July 19th, 2017|Categories: Business|0 Comments

Blockchain the Transformer

It's vital that New Zealand's agri industry pays close attention to blockchain development and ensures we are well positioned to capture our share of new value this technology could unlock. Kevin CooneyMention blockchain and agriculture... [...]

By | July 19th, 2017|Categories: Business|0 Comments

The coming dairy revolution

Our current pickle is a consequence of history. Decisions which seemed justifiable to many at the time, now, with hindsight, look decidedly flawed.Rising dairy prices over the last nine months have given dairy farmers a [...]

By | July 19th, 2017|Categories: Business|0 Comments

A prime cut above the rest

'High performers are driven by much more than profitability, and are underpinned by a strong team. They have a deep connection to the land and 'way-of-life' sheep and beef farming can provide.There is also strong [...]

By | July 19th, 2017|Categories: Business|0 Comments

Innovative the path to the future

Innovation is the key ingredient to the New Zealand dairy industry's success, maintains Fonterra chief executive Theo Spierings - particularly in a changing economic landscape."We're living in a period of unprecedented technological... Source: NZ Herald [...]

By | July 19th, 2017|Categories: Business|0 Comments

Couple receives $28,000 from Australian Taxation Office after fake tax return was lodged

A Melbourne couple received a whopping A$26,000 (NZ$28,011) tax return, an unexpected windfall that was mistakenly put in their accounts by the Australian Taxation Office.Gay Mitchell was paying bills on Monday when she noticed... Source: [...]

By | July 19th, 2017|Categories: Business|0 Comments

Stephen Jones to depart Air NZ for budget Hungarian carrier Wizz Air

Air New Zealand's chief of strategy networks and alliances Stephen Jones has quit to take up a top job at Hungarian budget carrier Wizz Air.Jones has bbeen appointed executive vice president and deputy chief executive [...]

By | July 19th, 2017|Categories: Business|0 Comments

NZ shares at record, Westpac and ANZ lead gains

New Zealand shares rose to a fresh record, led by Westpac Banking Corp and Australia & New Zealand Banking Corp on positive regulatory news out of Australia, while Contact Energy fell after weaker monthly statistics.The [...]

By | July 19th, 2017|Categories: Business|0 Comments

Chinese and US bosses urge resolution to trade row

Executives of top Chinese and American companies, signalling their mutual desire to avoid a trade war between the world's two largest economies, called on their nations to resolve bilateral trade disputes through negotiations geared... Source: [...]

By | July 19th, 2017|Categories: Business|0 Comments

NZ dollar falls vs Aussie, gains against greenback

The New Zealand dollar extended its slide against the Aussie but some market participants say it may reverse course and rise in the medium term if the Reserve Bank begins raising interest rates ahead of [...]

By | July 19th, 2017|Categories: Business|0 Comments

Insurer trials cover for travellers with mental illness

A travel insurance company is to trial offering cover for those with a pre-existing mental illness, provided they pay a premium.Cover-More, which is owned by Swiss insurer Zurich, says it has removed a general exclusion [...]

By | July 18th, 2017|Categories: Business|0 Comments

Cricketer-run online cricket business BehindTheSeams.tv set to launch next month

A Kiwi web platform dedicated to all things cricket is set to launch next month aiming to tap in to the massive popularity of the game in India.BehindTheSeams.tv, an online subscription service offering exclusive video [...]

By | July 18th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Rorting the system a multi-sport

You have got to hand it to the Material Girl for 'fessing up' to taking part in the national sport of rorting the system.When Metiria Turei confessed to taking on flatties to eke out her [...]

By | July 18th, 2017|Categories: Business|0 Comments

Juha Saarinen: Letting spooks into our devices a big call

As expected, the Turnbull government in Australia will push for laws that open up mobile devices and encrypted services to intelligence agencies and law enforcement, despite criticism that such a move will lessen people's security... [...]

By | July 18th, 2017|Categories: Business|0 Comments

Gary Mortimer: Getting rid of plastic bags is a windfall for supermarkets but it won't do much for the environment

• Gary Mortimer , Associate Professor, Queensland University of Technology Moves by major supermarkets to stop providing free plastic bags could earn these businesses more than A$1 million ($1.07m) a year, but may... Source: NZ [...]

By | July 18th, 2017|Categories: Business|0 Comments

Labour would restart contributions to Super Fund

Labour would immediately restart contributions to the Superannuation Fund if it wins the election, leader Andrew Little has announced. It has promised to pay in $500 million in the current financial year if it leads [...]

By | July 18th, 2017|Categories: Business|0 Comments

NZX50 at record, stocks like Trustpower, Mercury bolstered by softer CPI

New Zealand shares hit a record as weaker CPI numbers bolstered shares, with dividend stocks like Mercury New Zealand and Trustpower benefiting.The S&P/NZX50 Index gained 7.76 points, or 1 per cent, to 7,707.33. Within the [...]

By | July 18th, 2017|Categories: Business|0 Comments

Electricity retailers seek 'ring-fencing' of competition from monopoly networks

Electricity retailers are urging regulators to 'ring-fence' solar, battery and other emerging technology businesses being pursued by monopoly electricity network owners to allow competition in new electricity services to flourish.But... Source: NZ Herald Business News

By | July 18th, 2017|Categories: Business|0 Comments

NZ dollar falls vs Aussie, 'parity party cancelled'

The New Zealand dollar took a tumble against the Australian dollar after weak domestic inflation contrasted sharply with a more upbeat economic outlook from the Reserve Bank of Australian in the minutes of its last [...]

By | July 18th, 2017|Categories: Business|0 Comments

NZ official interest rates likely to be on hold for longer

Consumer price inflation did not budge over the June quarter, reinforcing the Reserve Bank's view that there is no need to start raising interest rates any time soon, say economists.The zero movement in the CPI [...]

By | July 18th, 2017|Categories: Business|0 Comments

Farmers look to GDT dairy auction to back up milk prices

This week's Global Dairy Trade auction is shaping up to be another firm one, lending more weight to the elevated farmgate milk price forecasts already in the market.Whole milk powder - the key product for [...]

By | July 17th, 2017|Categories: Business|0 Comments

Twelve Questions with teen entrepreneur Toby Carr

Toby Carr was just 14 when he started his tech company DeXTech. The teen entrepreneur is one of the young innovators speaking at next month's Festival for the Future in Auckland. 1 What's it like [...]

By | July 17th, 2017|Categories: Business|0 Comments

Record Auckland CBD apartments rising

A record 1216 new apartments worth more than $600 million will be completed this year in Auckland's central business district - the highest this decade, research shows.Zoltan Moricz, senior director and head of research at [...]

By | July 17th, 2017|Categories: Business|0 Comments

Labour leader Andrew Little's sights on multinationals

Labour leader Andrew Little is threatening to apply a penalty tax on the profits of multinational companies that deliberately avoid paying their fair share of tax in New Zealand.Little has written to the leaders of [...]

By | July 17th, 2017|Categories: Business|0 Comments

Wildfires rage along Adriatic coast in Croatia, Montenegro

ZAGREB, Croatia (AP) " Firefighters in Croatia and Montenegro have been struggling to contain wild fires that have erupted along the Adriatic coast in the two countries at the height of the tourism season.In Croatia, [...]

By | July 17th, 2017|Categories: Business|0 Comments

Auditor-General won't be investigating Peter Thiel's NZ citizenship

The Auditor-General won't be conducting an inquiry into the decision to grant citizenship to San Francisco-based billionaire investor Peter Thiel, said deputy controller and auditor-general Greg Schollum in response to a request from... Source: NZ [...]

By | July 17th, 2017|Categories: Business|0 Comments

Paul Lochore: Leaky-unit owners left to face ruin

• Paul Lochore is managing director of Lochore's Real Estate, Birkenhead. There is a silent epidemic spreading through our city. Its victims are ordinary people.In our body corporate work my colleagues and I have first-hand... [...]

By | July 17th, 2017|Categories: Business|0 Comments

NZ shares up, retirement stocks continue to gain

New Zealand shares rose broadly, with the market led by continued gains from Summerset Holdings and Metlifecare, while smaller stock Pushpay Holdings kept rising too.The S&P/NZX50 Index rose 49.8 points, or 0.65 percent, to 7,699.57.... [...]

By | July 17th, 2017|Categories: Business|0 Comments

NZ dollar off early highs but rangebound ahead of inflation data

The New Zealand dollar was off its highs after some comments from a central bank deputy governor and ahead of Tuesday's second-quarter domestic inflation data. The kiwi traded at 73.30 US cents as at 5pm [...]

By | July 17th, 2017|Categories: Business|0 Comments

Aussie Caramilk demands has Kiwis creaming it on eBay

The Australian demand for the limited edition, New Zealand-only, run of Caramilk is leading to Kiwis creaming it on eBay.A pack of five blocks with free postage was on sale for a whopping A$149 (NZ$159). [...]

By | July 17th, 2017|Categories: Business|0 Comments

Small Business: Offering the world a taste of New Zealand – Rod McDonald Wines

Rod McDonald, founder and owner of Hawke's Bay based Rod McDonald Wines, started the business 11 years ago. McDonald talks about the industry, awards and perks that come with the job. A brief description of [...]

By | July 16th, 2017|Categories: Business|0 Comments

Futuristic Queenstown bunker house plans short-listed for award

An Auckland architecture practice has been short-listed for a global award for audacious plans for a futuristic, partially underground bunker-style house planned for Jack's Point near Queenstown.Hamish Monk and Dean Mackenzie of... Source: NZ Herald [...]

By | July 16th, 2017|Categories: Business|0 Comments

'I had reached the end. I had nowhere to go': Battle over $2.5m property

For six months, a man lived without paying a cent in a $2.125m rural property overlooking a river. And when the home owner tried to get the man out - after their sale agreement turned [...]

By | July 16th, 2017|Categories: Business|0 Comments

Self-fueling boat sets off from Paris on 6-year world trip

PARIS (AP) " A boat that fuels itself is setting off around the world from Paris on a six-year journey that its designers hope will serves as a model for emissions-free energy networks of the [...]

By | July 16th, 2017|Categories: Business|0 Comments

Debate over use of jumbo bomber as wildfires rage in West

BOISE, Idaho (AP) " A giant aircraft that can fly high above oceans on intercontinental flights instead jets in low and slow over a flaming forest, trailing a long plume that settles on the ground [...]

By | July 16th, 2017|Categories: Business|0 Comments

Foreign ownership of Air NZ soars after govt sell-down

Overseas investment in Air New Zealand has soared since the government sold off part of the airline but the listed power companies remain tightly held by Kiwi investors.In 2013 and 2014 the government floated Mercury [...]

By | July 16th, 2017|Categories: Business|0 Comments

Niesche: Regulation hampers Aus-China trade

When the Australia-China free trade deal came in to effect in December 2015, it was supposed to ease the way for Aussie food makers.But the woes of diary producers Bellamy's Organic and Parmalat over the [...]

By | July 16th, 2017|Categories: Business|0 Comments

Eric Watson wins court battle against former friend

Rich-lister Eric Watson and his company Cullen Investments have won a legal battle against a former employee and friend.This week a British court ruled Julian Brown was in breach of his contractual obligations with Cullen [...]

By | July 16th, 2017|Categories: Business|0 Comments

Why Vector is not paying back what it overcharged you

Vector is refusing to pay back $13.9 million to Aucklanders after overcharging them.A Commerce Commission decision earlier this month found that the power company had been overcharging customers, something it admitted to.After... Source: NZ Herald [...]

By | July 16th, 2017|Categories: Business|0 Comments

Own this squalid dump for almost $2m

Squalid dumps including completely unliveable houses are up for sale as the real estate market prepares for a "Super Saturday" of auctions.The number of houses advertised for sale in Sydney is on a three-year high, [...]

By | July 15th, 2017|Categories: Business|0 Comments

Qatari FM says Gulf standoff cannot be resolved in a day

ANKARA, Turkey (AP) " Qatar's foreign minister said Friday it would be unfair to describe U.S. Secretary of State Rex Tillerson's shuttle diplomacy to find a solution for a major Persian Gulf feud as a [...]

By | July 15th, 2017|Categories: Business|0 Comments

Liam Dann: The most basic needs loom large in this election

Food and shelter: human economics doesn't get much more basic than that. These are the basic human needs, the issues we've been talking about since our species began to talk.In 2017 they remain the most [...]

By | July 15th, 2017|Categories: Business|0 Comments

Early America's Cup interest in seaside land

Fresh from losing the America's Cup, billionaire Larry Ellison and his syndicate Oracle Team USA look set to want a crack at winning it back.The Herald on Sunday has learnt that representatives for Ellison - [...]

By | July 15th, 2017|Categories: Business|0 Comments

Diana Clement: Paying tradies cash not okay

Do you pay your tradies cash? You could be enabling tax evasion.A good chunk of law-abiding Kiwis think the concept of cash jobs is fine, according to a Facebook discussion on the subject I followed. [...]

By | July 15th, 2017|Categories: Business|0 Comments

Honda unveils new Accord as midsize cars fall out of favor

DETROIT (AP) " The latest version of Honda's popular Accord midsize car is lower, wider, lighter and sleeker than its predecessor, and the company says it's faster and handles better. But no matter how nice [...]

By | July 15th, 2017|Categories: Business|0 Comments

The concentration camp survivor building a hospital for Wellington's kids

During his 82 years, Mark Dunajtschik has been imprisoned in a concentration camp, walked through the night as a refugee, developed a thriving property business, and now dedicated $50 million to build a children's hospital [...]

By | July 15th, 2017|Categories: Business|0 Comments

The parking ticket you want to get

At first glance, this looks like a parking ticket, but when you take a second look, it's something much better. The tickets are being handed out on cars in Christchurch for "failing to display a [...]

By | July 15th, 2017|Categories: Business|0 Comments

Your iPhone has a tiny and mysterious hole near the camera – here's what it's used for

Apple has steadily packed its iPhones full of more and more exciting features over the years.But there are loads of innovations you've probably never noticed, including a small hole just next to the camera, reports [...]

By | July 15th, 2017|Categories: Business|0 Comments

Mary Holm: Is it the money – or the voucher?

One of the biggest consumer rip-offs that even Consumer NZ seems to approve is the sale of gift vouchers to ignorant or ill-informed customers.More and more businesses seem to be entering these "print your own [...]

By | July 14th, 2017|Categories: Business|0 Comments

Thousands making multiple withdrawls from KiwiSaver in tough times

More than 15,000 Kiwis have made more than one withdrawal from their KiwiSaver account for hardship reasons since the scheme began.Figures from the Inland Revenue show 15,081 members have been forced to dip into their [...]

By | July 14th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: End of the property party? Good news

Don't blame the media for spoiling the party and precipitating the levelling off of the Auckland housing market boom. There comes a point in any long-run boom - be it for shares, property, or commodities [...]

By | July 14th, 2017|Categories: Business|0 Comments

Brian Gaynor: Car boom looks like last hurrah for petrol power

Vehicle sales are booming but are we buying cars that will be obsolete before the end of their working life?This issue has been highlighted by Volvo's recent decision that all new models launched from 2019 [...]

By | July 14th, 2017|Categories: Business|0 Comments

Warriors league star Wairangi Koopu cuts ties with 'no fees' house buying firm

A former Kiwis and Warriors rugby league star has cut ties with a 'no commission, no fees' house buying company that's accused of taking advantage of vulnerable homeowners.Wairangi Koopu's name and image have been used [...]

By | July 14th, 2017|Categories: Business|0 Comments

Disgraced Auckland realty agent accepted $10,000 'finder's fee' from buyer

An agent negotiating to sell an elderly man's South Auckland home secretly accepted a $10,000 "finder's fee" from a potential buyer.Gou (Nancy) Dai also divulged confidential information to the buyer about the owner's price expectation... [...]

By | July 14th, 2017|Categories: Business|0 Comments

Freedom Furniture admits product defect after blaming customers

A major furniture retailer has backtracked following multiple complaints about a $4999 couch whose fabric colour faded within months of purchase.At least three Kiwi customers bought the Anderson chaise in charcoal from Freedom Furniture... Source: [...]

By | July 14th, 2017|Categories: Business|0 Comments

Cake maker's contract to build sewage plant cancelled

A contract awarded to a Waiuku cake maker to build a major sewage plant on the West Coast has been cancelled and the manager who oversaw the deal has resigned.Westland District Council said today that [...]

By | July 14th, 2017|Categories: Business|0 Comments

Big job cuts plan at Otago University

By Vaughan Elder The University of Otago has announced plans to cut 182 full-time-equivalent (FTE) general staff.Vice-chancellor Prof Harlene Hayne revealed the plan at a meeting today at the College of Education auditorium, which... Source: [...]

By | July 14th, 2017|Categories: Business|0 Comments

Airbnb host fined $6800 for racist cancellation of Asian woman's reservation

By Jessica Dinn, APAn Airbnb host who cancelled a reservation in California because the guest was "Asian" has agreed to pay a US$5,000 (NZ$6827) fine and attend a college course in Asian-American studies.Dyne Suh booked [...]

By | July 14th, 2017|Categories: Business|0 Comments

Brian Fallow: Tax cuts or more social spending?

How the fiscal priorities of National and Labour diverge, and how much they overlap, are clear now Labour has released its alternative families package.The lion's share of the $2 billion package the Government announced in [...]

By | July 13th, 2017|Categories: Business|0 Comments

Auckland to Hawke's Bay courier companies face driving charges

Two Auckland companies operating services to Hawke's Bay are facing charges of making drivers work unsafe and excessive hours.The charges against Singhs Couriers and Nath Brothers Ltd carry fines of up to $25,000 on some [...]

By | July 13th, 2017|Categories: Business|0 Comments

Stock Takes: Trepidation as NZ reporting season approaches

Sharemarket investors are preparing for a month of corporate kiss-and-tell and for some, the experience will be less than satisfactory.Most of the market's big guns have June balance dates, and will report their annual results [...]

By | July 13th, 2017|Categories: Business|0 Comments

John Drinnan: It's the magic of the movies

Video content is everywhere on the internet, yet people are lining up - virtually on the website and in real life - to buy tickets for the latest NZ International Film Festival.This year's festival launches [...]

By | July 13th, 2017|Categories: Business|0 Comments

French court annuls $1.27 billion tax adjustment on Google

PARIS (AP) " A French court has annulled a 1.11 billion-euro ($1.27 billion) tax adjustment imposed on Google by France's tax authorities.The French tax administration argued that Google had to pay taxes in France for [...]

By | July 13th, 2017|Categories: Business|0 Comments

Asian markets mostly lower before Fed chair speech

SEOUL, South Korea (AP) " Asian shares were mostly lower Wednesday as investors eyed U.S. political risks and cues about the direction of monetary policy from the Federal Reserve chair.KEEPING SCORE: Japan's Nikkei 225 fell [...]

By | July 13th, 2017|Categories: Business|0 Comments

China frees Crown Resorts workers, including 2 Australians

BEIJING (AP) " China has released two Australian employees of Crown Resorts Ltd. after they completed nine months in prison on charges related to organizing gambling tours.The Australian Department of Foreign Affairs says the two... [...]

By | July 13th, 2017|Categories: Business|0 Comments

Iran appoints female CEO to lead national airline

TEHRAN, Iran (AP) " Iran has appointed a female CEO to lead its national airline for the first time since it was established in the 1940s.The state-owned IRAN daily reported Wednesday that the transport minister [...]

By | July 13th, 2017|Categories: Business|0 Comments

NZ shares up on Yellen testimony, NZX and Ryman hit highs

New Zealand shares gained, following global trends, with NZX and Ryman Healthcare continuing to rise.The S&P/NZX50 Index rose 24.87 points, or 0.3 percent, to 7,610.89. Within the index, 21 stocks rose, 16 fell and 13 [...]

By | July 13th, 2017|Categories: Business|0 Comments

Beingmate Baby & Child in trading halt pending asset sale

Chinese infant formula maker Beingmate Baby & Child Food had its shares halted on the Shenzhen stock exchange ahead of an asset sale to a related party in the next week and a half. The [...]

By | July 13th, 2017|Categories: Business|0 Comments

GOP Health bill: Benefit cuts for poor, tax cuts for rich

WASHINGTON (AP) " America's poorest families would lose thousands of dollars in health benefits so that millionaires could get huge tax cuts under the Senate Republicans' health bill.That's according to a new analysis by two [...]

By | July 12th, 2017|Categories: Business|0 Comments

Microsoft announces rural broadband initiative

Microsoft wants to extend broadband services to rural America by using the buffer zones separating individual television channels in the airwaves.Microsoft plans to partner with rural telecommunications providers in 12 states, from... Source: NZ Herald [...]

By | July 12th, 2017|Categories: Business|0 Comments

The top 10 books on Apple's iBooks-US

iBook charts for week ending July 9, 2017 (Rank, Book Title by Author Name, ISBN, Publisher ):iBooks US Bestseller List - Paid Books1. Camino Island by John Grisham - 9780385543057 - (Knopf Doubleday Publishing Group)2. [...]

By | July 12th, 2017|Categories: Business|0 Comments

Takata adds 2.7M vehicles to air bag inflator recall

DETROIT (AP) " Takata is adding 2.7 million vehicles from Ford, Nissan and Mazda to the long list of those being recalled to replace potentially dangerous air bag inflators.The inflators are a new type that [...]

By | July 12th, 2017|Categories: Business|0 Comments

Longtime GOP senator pessimistic about health bill prospects

WASHINGTON (AP) " A long-time Republican lawmaker said Tuesday he is "very pessimistic" that his party will push a health care bill through the Senate, even as a colleague warned leaders about retaliation by conservative [...]

By | July 12th, 2017|Categories: Business|0 Comments

Apple's third co-founder admits he had zero regrets selling shares

Imagine being the third co-founder of Apple and selling your share of the company for $1100 just 12 days after it was incorporated in 1976.It's hard to believe someone wouldn't regret that decision, especially given [...]

By | July 12th, 2017|Categories: Business|0 Comments

Xero board grapples with growth and profit tension

Xero's board is still balancing the tension between chasing new growth and getting the books in black, with new technology and the migration to Amazon Web Services paving the way for the accounting software provider [...]

By | July 12th, 2017|Categories: Business|0 Comments

New Zealand's building boom outpaces record apprenticeships

A record number of Kiwis are looking to the trades to build a career but is still nowhere near enough to meet industry demand.For the first time in its history, the Building and Construction Industry [...]

By | July 12th, 2017|Categories: Business|0 Comments

Cooking the Books podcast: Why women need to save more for retirement

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the reasons women need to save more for retirement, and how to deal with it. [...]

By | July 12th, 2017|Categories: Business|0 Comments

Sexist real estate ad claims Orewa property for 'men only'

A property advertisement promoting a house "for men only" has been taken down after solely offering men gifts if they buy it.The five-bedroom Orewa property was an example that a "common man has 'got it [...]

By | July 12th, 2017|Categories: Business|0 Comments

Tech commentator predicts the new iPhone could cost up to $2000

Apple's new iPhone could cost up to $2000, if predictions by a tech commentator are to be believed.Rumours and speculation about the dimensions and features of the highly anticipated iPhone 8 have been circulating for [...]

By | July 11th, 2017|Categories: Business|0 Comments

Market takes 30 mins to digest Trump drama

It wasn't a big move, and nor did it last long, but it was enough to remind bulls that the market hasn't gone completely deaf to politics.The Dow Jones Industrial Average erased about 160 points [...]

By | July 11th, 2017|Categories: Business|0 Comments

Welcome Bay supermarket plans off the boil, for now

Proposals to build a supermarket on a Welcome Bay reserve will now be rolled into a much larger planning study underway for the suburb and Ohauiti.This was decided at a Tauranga City Council committee meeting [...]

By | July 11th, 2017|Categories: Business|0 Comments

Judge gives preliminary approval to Wells Fargo settlement

NEW YORK (AP) " Wells Fargo has received preliminary approval to pay out $142 million to customers affected by the bank's sales practices scandal.A federal judge gave preliminary approval Saturday to the deal that would [...]

By | July 11th, 2017|Categories: Business|0 Comments

Man dies when air bag inflator ruptures during car repair

DETROIT (AP) " Another person has been killed in the U.S. by an exploding Takata air bag inflator, but this death wasn't the result of a crash.Honda says a man died in June 2016 when [...]

By | July 11th, 2017|Categories: Business|0 Comments

Milford Sound tourist flood not spoiling experience: survey

A University of Otago survey of tourists in Milford Sound has found surging visitor numbers haven't affected the overall level of satisfaction, with almost 90 per cent of them highly recommending the destination to others.But [...]

By | July 11th, 2017|Categories: Business|0 Comments

Most Asian stock markets higher following Wall Street gains

BEIJING (AP) " Most Asian stock markets advanced Monday following Wall Street's gains ahead of quarterly earnings and testimony to the U.S. Congress by Federal Reserve chair Janet Yellen.KEEPING SCORE: Hong Kong's Hang Seng index... [...]

By | July 11th, 2017|Categories: Business|0 Comments

Save the awkward convo for the date

Two Wellington-based entrepreneurs reckon singletons are sick of the awkward small talk on dating apps like Tinder and have developed their own alternative.In about a month, Rendezvous will be launched in New Zealand. While technically... [...]

By | July 11th, 2017|Categories: Business|0 Comments

Game of Thones and economics

From the North comes an army of ice zombies. From the East, an armada led by the "Mother of Dragons." In the South, an evil queen plots world domination.The world of Game of Thrones may [...]

By | July 11th, 2017|Categories: Business|0 Comments

Business tips from a hostage negotiator

The majority of business deals are not on the same stress level as a hostage situation, but former negotiator Matthias Schranner says the same rules can apply.Originally a police officer in Munich, Schranner spent six [...]

By | July 11th, 2017|Categories: Business|0 Comments

Jetstar apology after Wellington to Auckland flight changes

Jetstar has apologised to passengers after changing part of its late evening weekday Auckland to Wellington flight schedule to free up aircraft for earlier flights to Rarotonga.Times of Tuesday and Thursday evening flights have... Source: [...]

By | July 10th, 2017|Categories: Business|0 Comments

Illinois has bills to pay after 2 years without budget plan

SPRINGFIELD, Ill. (AP) " Illinois finally has a budget plan after two years. Now, to start paying bills.The Democratic-controlled Legislature's vote last week to create a $36 billion framework over Republican Gov. Bruce Rauner's... Source: [...]

By | July 10th, 2017|Categories: Business|0 Comments

Insider Q&A: Getting VW owners their share

DETROIT (AP) " About a year ago, Volkswagen agreed to spend up to $15.3 billion to settle consumer lawsuits and government allegations that its diesel vehicles cheated on U.S. emissions tests. Included was up to [...]

By | July 10th, 2017|Categories: Business|0 Comments

Treasury Secretary Mnuchin says no to tax hike on wealthy

WASHINGTON (AP) " Treasury Secretary Steven Mnuchin said Sunday the Trump administration isn't considering a tax increase on wealthier Americans, knocking down a report that White House adviser Steve Bannon had floated the idea as... [...]

By | July 10th, 2017|Categories: Business|0 Comments

'Spider-Man: Homecoming' slings $117 million debut

NEW YORK (AP) " "Spider-Man: Homecoming" opened with an estimated $117 million in North America, marking one of the summer's biggest debuts.The better-than-expected result showed that moviegoers don't necessarily have franchise... Source: NZ Herald Business [...]

By | July 10th, 2017|Categories: Business|0 Comments

Watch NZH Local Focus: Crankworx cranking Rotorua economy

The first financial results of the Crankworx Mountain Biking Festival have been announced, with the event racking up a surplus of $4.5 million dollars."Crankworx Rotorua 2017 is really the start of a new era for [...]

By | July 10th, 2017|Categories: Business|0 Comments

Push to get Australians on the great New Zealand road trip

Tourism New Zealand has started a $1 million campaign to entice Australians to do road trips around the North Island.The eight-week North Island touring campaign kicks off this week, and will feature across digital channels [...]

By | July 10th, 2017|Categories: Business|0 Comments

Lamb exports fall after Chinese buyers stockpile supplies

Strong volumes of New Zealand lamb exported through April did not flow into May after Chinese buyers stockpiled inventory earlier in the year, according to AgriHQ.Total shipments for the month were 30,683 tonnes, down 11 [...]

By | July 10th, 2017|Categories: Business|0 Comments

Bluff oysters look to be clear from parasite

Bluff oyster lovers can breathe easier - the disease that hit oyster farms on Stewart Island looks to have been contained.The Ministry for Primary Industries (MPI) last month culled all stocks of flat oysters in [...]

By | July 10th, 2017|Categories: Business|0 Comments

Kiwis win off the field as Lions tour brings in the bucks

There may not have been a winner on the field, but Kiwi councils and hospitality providers are toasting to success at the end of the British and Irish Lions tour.The Lions visited seven cities during [...]

By | July 10th, 2017|Categories: Business|0 Comments

Small Business: Berry orchard owners loving the lifestyle – Maungatapere Berries

Patrick and Rebecca Malley talk about uprooting from Auckland, leaving the traffic behind and heading to Whangarei to help run the family-owned company, Maungatapere Berries. A brief description of the business Rebecca: Maungatapere... Source: NZ [...]

By | July 9th, 2017|Categories: Business|0 Comments

Simplicity puts pressure on NZX-50 bosses to become more diverse

KiwiSaver provider Simplicity is putting pressure on New Zealand's top 50 listed companies to improve the diversity of their boards and senior management.And Simplicity's founder Sam Stubbs warns that if no progress is made the... [...]

By | July 9th, 2017|Categories: Business|0 Comments

Keel laying marks official construction of attack submarine

PROVIDENCE, R.I. (AP) " The keel of the nation's 20th Virginia-class attack submarine named for Oregon was laid Saturday at the manufacturing plant for General Dynamics' Electric Boat.The milestone marks the ceremonial beginning... Source: NZ [...]

By | July 9th, 2017|Categories: Business|0 Comments

Fifty years since pounds and pence jingled in Kiwis' pockets

Fifty years ago New Zealanders were carrying pounds, shillings and pence in their pockets with today marking the anniversary of the introduction of decimal currency.On this day in 1967, 1, 2, 5, 10, 20 and [...]

By | July 9th, 2017|Categories: Business|0 Comments

The Latest: Keel laying marks attack submarine construction

PROVIDENCE, R.I. (AP) " The Latest on the keel laying of the nation's 20th Virginia-class attack submarine named for Oregon (all times local):12:30 p.m.The keel of the nation's 20th Virginia-class attack submarine named for Oregon... [...]

By | July 9th, 2017|Categories: Business|0 Comments

New Kiwi tech getting celebs talking

The founders of a new phone number privacy start-up believe that rather than making it more difficult to connect with celebrities, it could one day enable the New Zealand media to get the likes of [...]

By | July 9th, 2017|Categories: Business|0 Comments

Christopher Niesche: Aussie supermarket boycotts new coke

Coca-Cola No Sugar is the soft drink maker's biggest product launch in a decade and what the company hopes will be the answer to declining sales.The product has taken five years of development and 18 [...]

By | July 9th, 2017|Categories: Business|0 Comments

How to score a $10,000 bonus

Thousands of people could be missing out on a lucrative boost to their pay packets, thanks to an incentive used by increasing numbers of businesses.Wage growth may be stagnant across much of the economy, but [...]

By | July 9th, 2017|Categories: Business|0 Comments

1987, 1997, 2007… 2017? Hong Kong's curse of unlucky seven

A stock market crash in 87, a property crash in 1997 and the global financial crisis of 2007. The omens don't bode well, and even if you're not superstitious, it might be wise to steer [...]

By | July 9th, 2017|Categories: Business|0 Comments

Auckland now a buyer's market – economist

Auckland has become a buyers market, says ASB chief economist Nick Tuffley.Responding to data from Quotable Value and Barfoot & Thompson last week, Tuffley said it was clear that we now had an overhang of [...]

By | July 9th, 2017|Categories: Business|0 Comments

Suspended Fox Business Network host says he's fighting back

NEW YORK (AP) " A suspended Fox Business Network host says he will fight reported charges of sexual harassment "like a lion armed with truth."Charles Payne, host of the network's "Making Money" show, defended himself [...]

By | July 8th, 2017|Categories: Business|0 Comments

Jobless rate for black Americans hit 17-year low in June

WASHINGTON (AP) " The unemployment rate for black Americans fell to 7.1 percent in June, the lowest level in more than 17 years.The monthly decline, however, wasn't entirely positive. While some African-Americans found jobs, a [...]

By | July 8th, 2017|Categories: Business|0 Comments

Liam Dann: Good work on petrol, now let Judith Collins loose on food pricing

Food prices are bugging people this winter. It feels like we're being ripped off.Part of the problem is that inflation is supposed to be low. It is for TVs and phones and clothes and broadband [...]

By | July 8th, 2017|Categories: Business|0 Comments

Labour calls for real estate industry inquiry

Labour has called for a Parliamentary-level inquiry into alleged "predatory practices" in the real estate industry.Consumer Affairs spokesman Michael Wood has written to Parliament's Commerce Select Committee requesting a full investigation... Source: NZ Herald Business [...]

By | July 8th, 2017|Categories: Business|0 Comments

Diana Clement: Honesty is the best policy

Insurance and fraud are uncomfortable bedmates - but technology is helping catch out criminal fraudsters and opportunistic Kiwis who think it's fair game to embellish a claim.Kiwis in the latter group may do things such [...]

By | July 8th, 2017|Categories: Business|0 Comments

Samsung on a roll as data demand for memory chips soars

SEOUL, South Korea (AP) " Samsung Electronics is on a roll thanks to booming sales of memory chips required by the increasingly data-based economy.The company, the world's largest supplier of memory chips, said Friday that [...]

By | July 8th, 2017|Categories: Business|0 Comments

Train car derails at Penn Station; no reports of injuries

NEW YORK (AP) " One car of a train has derailed at New York's Penn Station, the nation's busiest train station.Fire department officials say it happened Thursday night.There are no reports of injuries.The busy Northeast [...]

By | July 8th, 2017|Categories: Business|0 Comments

Nosh relaunch: Opening delayed a second time

Grocery retailer Nosh has delayed its relaunch for a second time.Two of the upmarket supermarket chain's remaining stores, on Auckland's Dominion Rd and in Greenlane, were boarded with rubbish bags and had signage left on [...]

By | July 8th, 2017|Categories: Business|0 Comments

Perry says coal-fired power plants important in US future

MAIDSVILLE, W.Va. (AP) " After touring one of the few recently built coal-fired power plants in the U.S., Energy Secretary Rick Perry says they're important for the country's future.Perry says a stable baseload of electricity [...]

By | July 7th, 2017|Categories: Business|0 Comments

Enjoying the taste of success

The restaurant trade is booming and victory in the America's Cup is tipped to put more wind in the sector's sails.But a surge in new eateries, which can cost millions to set up, is raising [...]

By | July 7th, 2017|Categories: Business|0 Comments

L Brands sales slump and so do retail stocks

NEW YORK (AP) " Shares of L Brands plunged 12 percent and other retailers are being dragged lower, with dismal sales numbers from the owner of Victoria's Secret and Bath & Body Works highlighting the [...]

By | July 7th, 2017|Categories: Business|0 Comments

Anthony Healy: From Israeli OE to top job

Going from Melbourne to Jerusalem was a key career moment - even if it did worry his mum - BNZ chief tells Tamsyn Parker. Given the choice of working in London, New York, Vietnam or [...]

By | July 7th, 2017|Categories: Business|0 Comments

Top chef puts the heat on Govt

Veteran chef Simon Gault says recent changes to immigration rules pose a huge threat to the restaurant industry's future.Gault, who has just opened his latest restaurant, Giraffe, at Auckland's Viaduct, said he was struggling to... [...]

By | July 7th, 2017|Categories: Business|0 Comments

How to retire at 40

Office? What office? The sun is shining and the only decision to be made today is whether to make a picnic or stop at a charming little café.Afterwards, there will be an ice-cold beer and [...]

By | July 7th, 2017|Categories: Business|0 Comments

The Kiwi at Emirates who helped keep the faith in Team New Zealand

A Kiwi champion of Team New Zealand within the Emirates groups knows all about the rocky road the sailing team has taken to win the America's Cup.Gary Chapman has been one the driving forces behind [...]

By | July 7th, 2017|Categories: Business|0 Comments

Vector overcharged Aucklanders $13.9m: Commerce Commission

Lines charges for many Aucklanders will not change for two years after Vector was ordered to return $13.9 million to customers who paid too much for their electricity.The ruling was announced by the Commerce Commission [...]

By | July 7th, 2017|Categories: Business|0 Comments

Apology for UK visa delays: 'We love you there'

Kiwis who have had OE plans affected by visa processing delays have received an apology from the British trade and investment minister.Former Waitrose boss, Lord Mark Price, met with counterpart Todd McClay in Auckland this [...]

By | July 7th, 2017|Categories: Business|0 Comments

Bill Gates proves we should listen to him after accurately predicting the future

By Olivia Lambert Back in 1999 somebody must have given Microsoft co-founder Bill Gates a crystal ball, with the tech king eerily predicting the future of computing, public health and the environment.In the book Business [...]

By | July 7th, 2017|Categories: Business|0 Comments

Is this the beginning of the end of Tesla?

By Jason Murphy It's the end of the beginning for Tesla CEO Elon Musk. He is launching the Model 3 electric car in just two weeks. Musk's plan to revolutionise global energy supply hinges on [...]

By | July 6th, 2017|Categories: Business|0 Comments

Banned company director 'a menace to the public': Companies Office

Failed forex boss Kendall Twigden has been labelled "a menace to the public" and banned from directing or managing a company for eight and a half years.In a recently released decision, Deputy Registrar of Companies [...]

By | July 6th, 2017|Categories: Business|0 Comments

John Drinnan: Broadcaster scores an own goal

MediaWorks radio has scored an own goal, by missing signs that its More FM breakfast host Simon Barnett was looking for a change.Now he has been poached by Newstalk ZB, effective once his More FM [...]

By | July 6th, 2017|Categories: Business|0 Comments

CNN faces backlash over handling of doctored Trump video

NEW YORK (AP) " CNN says a concern for the man's safety led to its decision not to publish the name of a Reddit user whose doctored video of Donald Trump beating up a man [...]

By | July 6th, 2017|Categories: Business|0 Comments

Stock Takes: Chicken anyone?

Chicken anyone? A strong rally in the share price of Tegel Group has got the market talking about whether the major shareholder will sell down its stake now it is out of the escrow period.When [...]

By | July 6th, 2017|Categories: Business|0 Comments

NZ shares up, Comvita and Contact Energy gain

New Zealand shares rose, led by Comvita and Contact Energy, while Arvida and Metro Performance Glass dropped.The S&P/NZX50 Index gained 33.94 points, or 0.4 per cent, to 7,62961. Within the index, 24 stocks rose, 14 [...]

By | July 6th, 2017|Categories: Business|0 Comments

NZ dollar edges lower ahead of G20 meeting

The New Zealand dollar dipped in the local trading session ahead of the Group of 20 nations meeting this weekend, as investors remain nervous about North Korea after this week's missile test. The kiwi decreased [...]

By | July 6th, 2017|Categories: Business|0 Comments

Revealed: the real rate of house building

Ninety-seven per cent of new dwelling consents issued lead to a completed home but the lag time between the consent and start of building may be hampering efforts to boost housing supply, experimental figures released [...]

By | July 6th, 2017|Categories: Business|0 Comments

Five Hardy's outlets placed in receivership

Five Hardy's outlets and the health store chain's master franchisor have been placed into receivership.Six other stores which are independently-owned by franchisees are trading as usual and remain unaffected by the move.Companies... Source: NZ Herald [...]

By | July 6th, 2017|Categories: Business|0 Comments

Independent Liquor returns to profit

Independent Liquor NZ, which owns alcohol brands such as Woodstock Bourbon and Boundary Road beer, returned to profit in 2016 as the country's biggest RTD maker fattened its margins and slashed its marketing spend in [...]

By | July 6th, 2017|Categories: Business|0 Comments

McDonald's wants you to stop fighting

McDonald's has come up with a secret trick to help stop drunks fighting while they line up for a late night Big Mac.McDonald's is looking for more civilised diners who don't want to have a [...]

By | July 5th, 2017|Categories: Business|0 Comments

What you need to save for a comfy retirement

A couple who want to live in a major New Zealand city and have a comfortable retirement would need about $486,000 based on the spending of today's retirees, research has found.Westpac Massey University's Fin-Ed Centre [...]

By | July 5th, 2017|Categories: Business|0 Comments

EMA launches election manifesto for business

Reform of the Resource Management Act remains the number one policy issue for the upcoming election, according to business lobby group the Employers and Manufacturers Association (EMA) The EMA today launches its manifesto for the... [...]

By | July 5th, 2017|Categories: Business|0 Comments

The Latest: Illinois Senate OKs $36B spending plan

SPRINGFIELD, Ill. (AP) " The Latest on the Illinois Legislature's action to address the nation's longest state budget stalemate (all times local):11:25 a.m.The Illinois Senate has OK'd an annual spending plan of $36 billion following... [...]

By | July 5th, 2017|Categories: Business|0 Comments

After dismal 2016, shale gas drillers begin to turn a corner

Pennsylvania's moribund drilling industry, which has struggled with persistently low prices and a dearth of infrastructure to get its product to market, is showing signs of life.Natural gas producers drilled 397 shale wells through... Source: [...]

By | July 5th, 2017|Categories: Business|0 Comments

EU announces Japan summit, hoping to clinch trade pact

BRUSSELS (AP) " The European Union and Japan will hold a summit on Thursday in hopes of clinching a far-reaching trade deal, EU President Donald Tusk said Tuesday.The EU said in a statement that EU [...]

By | July 5th, 2017|Categories: Business|0 Comments

Cooking the Books podcast: KiwiSaver dos and don'ts

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's celebrating KiwiSaver's birthday with the biggest dos and don'ts. Hosted by Frances Cook. Happy birthday,... [...]

By | July 5th, 2017|Categories: Business|0 Comments

NZ shares down led by Spark; Xero, ERoad, Tegel rise

New Zealand shares dropped with North Korean tensions spooking investors as the US Independence Day holiday left markets lacking direction. Spark New Zealand and A2 Milk Co fell while Xero and ERoad gained.The S&P/NZX 50 [...]

By | July 5th, 2017|Categories: Business|0 Comments

NZ dollar holds gains against Aussie

The New Zealand dollar held its gains against the Australian dollar, which was sold yesterday on disappointment the Reserve Bank of Australia didn't take its cue from other central banks who have turned hawkish, preferring [...]

By | July 5th, 2017|Categories: Business|0 Comments

Maori co-investment fund in the pipeline

Government officials will buddy up with Ngāti Awa Group Holdings and the New Zealand Superannuation Fund to find out whether it's feasible to set up an investment fund for various iwi to pool their resources.Ngāti [...]

By | July 5th, 2017|Categories: Business|0 Comments

KiwiSaver cleans up its act

Responsible investing has moved front and centre for KiwiSaver fund managers following a year that saw investors express concerns with unprecedented customer churn.Investigations last year by the Herald and RNZ highlighted... Source: NZ Herald Business [...]

By | July 4th, 2017|Categories: Business|0 Comments

The Latest: Fitch Ratings cites 'concrete' budget progress

SPRINGFIELD, Ill. (AP) " The Latest on a legislative session on Illinois' budget as the state enters a third straight year without a spending plan (all times local):12:15 p.m.Despite warnings of another downgrade to Illinois'... [...]

By | July 4th, 2017|Categories: Business|0 Comments

The Latest: Washington rail line operating after derailment

STEILACOOM, Wash. (AP) " The Latest on the Amtrak train that derailed in Washington state (all times local):10:05 a.m.A rail line in Washington state was operating after a passenger train derailed, but slower speeds are [...]

By | July 4th, 2017|Categories: Business|0 Comments

Proposal to fast-track new house builds in Rotorua

It could soon become quicker and easier to build a home in Rotorua - with a new plan revealed to address the city's house shortage. Rotorua MP Todd McClay yesterday announced a proposal for a [...]

By | July 4th, 2017|Categories: Business|0 Comments

Auckland property hits doldrums: values flat, declining, marginally up

Autumn and early winter Auckland property values have stayed on ice, showing a longer-term pattern of being frozen or flat.The city's once-superheated property market - which in 2015 was rising at more than 24 per [...]

By | July 4th, 2017|Categories: Business|0 Comments

Watch: Tourism New Zealand's new $3 million campaign to get visitors off the beaten track

Tourism New Zealand has launched a new global campaign to entice visitors to the regions and to come here at off-peak times of the year.The new $3 million digital campaign was two years in the [...]

By | July 4th, 2017|Categories: Business|0 Comments

NZ shares up, Spark and Westpac gain

New Zealand shares rose, led by Spark New Zealand and Westpac Banking Corp as blue-chip stocks joined in a rally across the Tasman, while Z Energy declined amidst uncertainty about increased regulation in the petrol [...]

By | July 4th, 2017|Categories: Business|0 Comments

NZ dollar under pressure against greenback

The New Zealand dollar remained under pressure against the greenback after the Reserve Bank of Australia stuck to its neutral tone and kept rates on hold, putting the Australasian nations at odds with a growing [...]

By | July 4th, 2017|Categories: Business|0 Comments

Aussie company awarded NZ Post contract

An Australian ASX-listed company has been awarded a major contract with New Zealand Post to improve parcel and mail monitoring and deliveries.PrimeQ has offices across Australia and two in New Zealand. NZ Post is migrating [...]

By | July 4th, 2017|Categories: Business|0 Comments

Mad Butcher franchise starts Givealittle for wages

A Mad Butcher store in Christchurch is fundraising for staff wages after the franchise was put into liquidation.Store manager Allan Aitchison set up a Givealittle page seeking $15,000 to pay wages that couldn't be covered [...]

By | July 4th, 2017|Categories: Business|0 Comments

Tesla: First Model 3 to be built Friday, sales start July 28

The first Tesla Model 3 electric car for the masses should come off the assembly line on Friday with the first deliveries in late July, the company's CEO says.CEO Elon Musk, in several Twitter messages [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Prominent VC Dave McClure apologizes for offensive behavior

NEW YORK (AP) " Silicon Valley investor Dave McClure says he is sorry for making "inappropriate advances" toward several women in workplace situations and is giving up leadership of the venture capital fund he co-founded, [...]

By | July 3rd, 2017|Categories: Business|0 Comments

All aboard: New NYC ferry fleet puts out call for deckhands

NEW YORK (AP) " For those in search of jobs in America's biggest city, the offer was enticing: Work as a deckhand on New York's new fleet of sleek ferries. No maritime experience is necessary [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Mark Lister: Stunning bounceback for sharemarket

• Mark Lister is Head of Private Wealth Research at Craigs Investment Partners. This column is general in nature and should not be regarded as specific investment advice That's the first half of the year [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Syrian President Bashar Assad will be face of new bank note

BEIRUT (AP) " A new 2,000 Syrian Lira ($3.9) bank note with the face of President Bashar Assad will go into circulation Sunday, the Syrian Central Bank announced.The notes are the first time Syria will [...]

By | July 3rd, 2017|Categories: Business|0 Comments

AP News Guide: What to know about the Qatar crisis

DUBAI, United Arab Emirates (AP) " Qatar likely faces a deadline this weekend to comply with a list of demands issued by Arab nations that have cut diplomatic ties to the energy-rich country, though its [...]

By | July 3rd, 2017|Categories: Business|0 Comments

NZ shares fall; F&P Healthcare, Ebos drop

New Zealand shares fell in light trading, with Fisher & Paykel Healthcare giving back some of its June gains while Air New Zealand and NZX rose.The S&P/NZX 50 Index dropped 23.01 points, or 0.3 per [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Emerald Foods adds Movenpick to Aussie arm

A New Zealand icecream manufacturer has added Mövenpick parlours to the Australian arm of its business after acquiring the master franchise rights for the network from Peters Ice Cream.The New Zealand arm of Emerald Foods [...]

By | July 3rd, 2017|Categories: Business|0 Comments

NZ dollar little changed ahead of RBA

The New Zealand dollar was little changed ahead of key events this week including the Reserve Bank of Australia's interest rate review and the minutes of the last Federal Reserve meeting.The kiwi traded at 73.17 [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Fyre Festival founder charged with fraud

One of the organizers of the disastrous Fyre Festival has been arrested and charged with wire fraud, according to the US Attorney's Office for the Southern District of New York.Billy McFarland was arrested Friday in [...]

By | July 3rd, 2017|Categories: Business|0 Comments

Young and in a conservative KiwiSaver fund

Eleanor Barker wishes she had acted sooner to move out of a conservative KiwiSaver fund but says fear of losing money has kept her from making a decision.The 27 year old social media producer was [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Small Business: Artificial intelligence revolutionising everyday tasks – Imagr

Artificial intelligence firm Imagr is hoping its tech will change the way society functions. Founder and former assistant portfolio fund manager William Chomley talks business motivation and what the future looks like for AI. A... [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Average earner $5k better off in growth KiwiSaver fund

People who sit in a conservative KiwiSaver fund over their whole working life could be missing out on thousands of dollars in returns.Figures crunched by Morningstar show an employed person on the median wage would [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Oil tanker collides with cargo ship in Dover Strait off UK

PARIS (AP) " An oil tanker and a large cargo ship collided Saturday in the Dover Strait between Britain and France but the accident caused no casualties or pollution and both vessels were able to [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Trump jumps into health debate _ repeal now, replace later

WASHINGTON (AP) " President Donald Trump has barged into Senate Republicans' delicate health care negotiations with a suggestion bound to muddle things: If you can't cut a deal on repealing the Obama-era law, then repeal [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Maori awards honour diversity of business talents

From accountancy to resource recovery, hospitality to appliance repair - Whanganui Maori businesses were celebrated in style on Saturday night.About 400 people gathered at the War Memorial Hall in Whanganui for the inaugural Te... Source: [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Aussie businesses ignore Chinese daigou trade at their peril

All around Australia's big cities there are thousands of Chinese buying up baby formula, health supplements, skincare products and ugg boots, and shipping them back to China.Known as daigou - Mandarin for 'buy on behalf [...]

By | July 2nd, 2017|Categories: Business|0 Comments

NZ Super Fund returns 18.2 per cent in year to May

The New Zealand Super Fund has avoided any major financial fallout from political turmoil around the world in the past year.The fund - set up set by the last Labour Government under former Finance Minister [...]

By | July 2nd, 2017|Categories: Business|0 Comments

Baby formula health risk claims quashed

Claims that nanoparticles in some infant formula products are potentially dangerous have been quashed by New Zealand's food safety regulator and slammed as "irresponsible" by a leading Kiwi nanotechnologist.Environmental group Friends... Source: NZ Herald Business [...]

By | July 2nd, 2017|Categories: Business|0 Comments

FMA spends nearly 13,000 hours on failed finance company case

Staff at New Zealand's market watchdog have spent nearly 13,000 hours so far working on the Viaduct Capital and Mutual Finance case. The Financial Markets Authority has also paid more than $1.65 million to external [...]

By | July 2nd, 2017|Categories: Business|0 Comments

US stock indexes edge higher in midday trading; oil rises

U.S. stock indexes edged higher in midday trading Friday, recovering some of their losses from a day earlier. Consumer-focused companies and industrials stocks led the gainers. Energy companies also rose as crude oil prices headed... [...]

By | July 1st, 2017|Categories: Business|0 Comments

Warning for first home KiwiSaver buyers

People who raid their KiwiSaver accounts to buy a home may be putting a comfortable retirement at risk, experts are warning.More than 100,000 people have used KiwiSaver to buy their first home since the scheme [...]

By | July 1st, 2017|Categories: Business|0 Comments

High school sporting success linked to Auckland house prices

House prices have long been linked to the academic reputation of local schools - now a real estate firm reckons sporting prowess may also have a big effect.Bayleys Realty Group found average property values in [...]

By | July 1st, 2017|Categories: Business|0 Comments

'Organic' products: Are Kiwis being duped?

As Kiwi consumers' appetites for organic food grow, one of the nation's top certifiers has called for policy changes to both safeguard authentic organic producers and ensure consumers are getting what they are paying for.According... [...]

By | July 1st, 2017|Categories: Business|0 Comments

Diana Clement: Top tips for clearing your debt

Paying down debt can seem like a monumental task.A few years after TV's Money Man programme, I followed up the young people featured and found quite a few had paid off tens of thousands of [...]

By | July 1st, 2017|Categories: Business|0 Comments

Asia shares track Wall St losses, despite strong China data

TOKYO (AP) " Shares slumped in Asia on Friday, tracking an overnight decline on Wall Street, while upbeat Chinese manufacturing data failed to lift benchmarks in Hong Kong and Shanghai.KEEPING SCORE: Japan's Nikkei 225 index [...]

By | July 1st, 2017|Categories: Business|0 Comments

A look at Illinois' budget crisis as impasse nears 3rd year

CHICAGO (AP) " Illinois is hours away from entering its third fiscal year without a state budget. That could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket [...]

By | July 1st, 2017|Categories: Business|0 Comments

1 day, 2 years of deadlock at stake in Illinois budget deal

SPRINGFIELD, Ill. (AP) " Illinois lawmakers enter the final day to settle a budget deal and avoid a potentially catastrophic failure.Lawmakers have a lot of work to do Friday if they hope to meet a [...]

By | July 1st, 2017|Categories: Business|0 Comments

Global cyberattack seems intent on havoc, not extortion

PARIS (AP) " A cyberattack that caused indiscriminate economic damage around the world was apparently designed to create maximum havoc in Russia's neighbor and adversary Ukraine, security researchers said.While the rogue software... Source: NZ Herald [...]

By | July 1st, 2017|Categories: Business|0 Comments

What Amazon wants from Whole Foods: Data on shopping habits

NEW YORK (AP) " Why is Amazon spending nearly $14 billion for Whole Foods?It isn't just about getting more than 460 grocery stores. Ultimately, Amazon wants to sell Amazon and Whole Foods shoppers alike even [...]

By | June 30th, 2017|Categories: Business|0 Comments

How much of a cut is your KiwiSaver provider taking?

KiwiSaver members paid out $325.9 million in fees to their providers last year - an average of $125 for every man, woman and child signed up to the retirement savings scheme.Figures from annual scheme accounts [...]

By | June 30th, 2017|Categories: Business|0 Comments

Investor: Shkreli reported too-good-to-be-true returns

NEW YORK (AP) " An investor who put $300,000 into one of "Pharma Bro" Martin Shkreli's health care industry hedge fund testified Thursday that he reported eye-popping returns before abruptly shutting down the fund and [...]

By | June 30th, 2017|Categories: Business|0 Comments

Debt deadline now October, CBO says as deficit spikes

WASHINGTON (AP) " A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.The Congressional Budget Office also predicts the federal budget deficit... Source: NZ Herald [...]

By | June 30th, 2017|Categories: Business|0 Comments

Foodstuffs launches new Auckland supermarket chain

New Zealand's biggest supermarket co-operative, Foodstuffs North Island, is launching a new small-store chain in the Auckland region with an emphasis on selling fresh produce.Chris Quin, Foodstuffs North Island chief executive,... Source: NZ Herald Business [...]

By | June 30th, 2017|Categories: Business|0 Comments

Where now for Nosh?

When it first appeared on Auckland's retail scene in 2006, upmarket grocery chain Nosh promised an alternative to the big supermarkets. Like Whole Foods in America, Nosh was the place to go for organic vegetables, [...]

By | June 30th, 2017|Categories: Business|0 Comments

Labour says it will support a trade deal with Pacific Alliance

New Zealand is on the cusp of signing a significant free trade deal with Latin American and South American countries.The Pacific Alliance, which is made up of Chile, Mexico, Colombia and Peru is expected to [...]

By | June 30th, 2017|Categories: Business|0 Comments

NZX to carry out extensive review

NZX will carry out an extensive review of its business with the results due in November and while shareholder Tony Falkenstein wasn't elected to the board, his observations will be considered as part of that [...]

By | June 30th, 2017|Categories: Business|0 Comments

Kiwifruit boss bankrupt with $200k still owing

A kiwifruit company that didn't properly pay employees or meet employment obligations has only paid $28,000 of the $226,000 it owed and the boss has now declared himself bankrupt.Freemind Enterprize Limited and its director Gurmail... [...]

By | June 30th, 2017|Categories: Business|0 Comments

Pence: Trump will repeal Obama's health law by summer's end

CLEVELAND (AP) " Vice President Mike Pence on Wednesday reiterated a promise to repeal former President Barack Obama's health care reforms by the end of the summer despite uncertainty over whether a Republican bill has [...]

By | June 30th, 2017|Categories: Business|0 Comments

Sleeping KiwiSavers miss out on billions

From the outside, KiwiSaver looks like a huge success story.The retirement savings scheme - which celebrates its 10th birthday tomorrow - has more than 2.7 million members, with investments worth more than $40 billion.Dig a [...]

By | June 29th, 2017|Categories: Business|0 Comments

Cruise ship engineer wins $45k payout

A cruise ship engineer has been awarded nearly $45,000 after being sacked for sharing emails which expressed concern about practices on the vessel, which had previously experienced an on-board explosion.Stuart Hurst worked as a... Source: [...]

By | June 29th, 2017|Categories: Business|0 Comments

Sailing away – Onwards and upwards for NZ share market

As New Zealand basks in the afterglow of winning back the America's Cup and going one-up in the three-test rugby union series against the Lions, someone forgot to mention the New Zealand sharemarket, which this [...]

By | June 29th, 2017|Categories: Business|0 Comments

John Drinnan: No wedding, so it's de facto for Voda-Sky

While Sky TV and Vodafone have withdrawn their appeal against the rejection of their planned merger, the two still plan to stay close.Their would-be marriage was halted by the Commerce Commission, over the potential for [...]

By | June 29th, 2017|Categories: Business|0 Comments

Macron's government kicks off controversial labor reform

PARIS (AP) " President Emmanuel Macron's government has launched an effort to redesign French labor rules, one of the most important and divisive promises of his presidency.Labor Minister Muriel Penicaud told RTL radio Wednesday... Source: [...]

By | June 29th, 2017|Categories: Business|0 Comments

Business groups question Labour policy

Business lobby groups have been quick to question the logic of Labour's new employment policy.Labour would lift the minimum wage to $16.50 an hour and pay core public service workers a 'living wage', says leader [...]

By | June 29th, 2017|Categories: Business|0 Comments

NZ firms wary about 'Internet of Things'

New Zealand companies are reluctant to roll out 'Internet of Things' services, despite the country's preparedness and potential economic gain of doing so, according to an industry report. The IoT Alliance was launched in March [...]

By | June 29th, 2017|Categories: Business|0 Comments

Making Ivanka Trump shoes: Long hours, low pay and abuse

A worker with blood dripping from his head marked a low point in the tense, grinding life at a southeastern China factory used by Ivanka Trump and other fashion brands. An angry manager had hit [...]

By | June 29th, 2017|Categories: Business|0 Comments

NZ dollar up on improving risk appetite

The New Zealand dollar rose on improving global risk appetite after hawkish comments from a raft of central banks and after all major U.S. financial institutions received approval from the Federal Reserve to ramp up [...]

By | June 29th, 2017|Categories: Business|0 Comments

GeoOp shares suspended ahead of vote

GeoOp, the unprofitable management app developer, will ask shareholders to vote on its plan to de-list from the NZAX and list on the ASX with an initial public offering in Australia and New Zealand. Shareholders [...]

By | June 29th, 2017|Categories: Business|0 Comments

Gender quotas weed out incompetent men

New research from the London School of Economics has found gender quotas can weed out "mediocre men" from politics and business.The merits of quotas and targets have been debated as potential solutions for gender inequality. [...]

By | June 28th, 2017|Categories: Business|0 Comments

Brazil markets steady after scathing indictment of president

SAO PAULO (AP) " A day after Brazil's top prosecutor formally accused President Michel Temer of corruption in a scathing indictment, markets largely shrugged off the news Tuesday in a sign that the leader's departure [...]

By | June 28th, 2017|Categories: Business|0 Comments

The Latest: Christie encouraged court reviewing betting case

WASHINGTON (AP) " The Latest on the Supreme Court's decision to take up New Jersey's bid to allow sports betting at casinos and racetracks (all times local):12:15 p.m.New Jersey Gov. Chris Christie says he is [...]

By | June 28th, 2017|Categories: Business|0 Comments

Greek garbage collectors reject compromise as trash piles up

ATHENS, Greece (AP) " Greece's municipal garbage collectors on Tuesday rejected a government compromise offer and decided to continue an 11-day protest that has left mounds of festering refuse piled up across Athens amid high [...]

By | June 28th, 2017|Categories: Business|0 Comments

A look at some of the firms, agencies hit by the cyberattack

LONDON (AP) " As a new cyberattack hits companies and government agencies around the world, here is a look at some of those that have confirmed they are affected.___Rosneft: Russia's largest oil company, partly state-ownedUkraine:... [...]

By | June 28th, 2017|Categories: Business|0 Comments

NZ shares mixed, SkyCity drags market down

New Zealand shares were mixed, with most of the market including Summerset Group Holdings and Westpac Banking Corp rising but a big trade in Sky City Entertainment tipping the index down.The S&P/NZX 50 Index dropped [...]

By | June 28th, 2017|Categories: Business|0 Comments

NZ dollar steady, volatility possible as ECB forum continues

The New Zealand dollar spent the day treading water after its overnight tumble when European Central Bank president Mario Draghi hinted the ECB might start winding down its stimulus. The local currency could see further [...]

By | June 28th, 2017|Categories: Business|0 Comments

British goods shop has weetabix seized

Allegations of trademark bullying have been levelled at Sanitarium.A Christchurch shop selling British goods had a container of Weetabix seized at the docks by the cereal company for a week.It was the second time in [...]

By | June 28th, 2017|Categories: Business|0 Comments

Cooking the Books podcast: Is a university degree worth it?

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's whether university is still your golden ticket to a good career. Hosted by Frances Cook. [...]

By | June 28th, 2017|Categories: Business|0 Comments

40 America's Cup boat builders let go

Forty of the boat builders behind the remarkable vessel which Emirates Team New Zealand sailed to America's Cup glory were recently made redundant.One former employee said he was "disgusted" that the company that built the [...]

By | June 28th, 2017|Categories: Business|0 Comments

Facebook now deleting 66k posts a week in anti-hate campaign

Facebook said it deleted about 66,000 posts a week in the last two months as the social media giant cracks down on what it deems to be hate speech.The company said in a blog post [...]

By | June 27th, 2017|Categories: Business|0 Comments

Why you'll be sorry when encryption is broken

Ahead of this week's Five-Eyes meeting in the Canadian capital of Ottawa, Australian and UK politicians have made it clear that they will try to force companies like Facebook, Google, Apple and Microsoft to break [...]

By | June 27th, 2017|Categories: Business|0 Comments

New study of Seattle's $15 minimum wage says it costs jobs

SEATTLE (AP) " Seattle's $15-an-hour minimum wage law has cost the city jobs, according to a study released Monday that contradicted another new study published last week.A University of Washington team studying the law's effects... [...]

By | June 27th, 2017|Categories: Business|0 Comments

Waikato's largest riverside mansion boasting boat ramp and indoor pool for sale

What is possibly the Waikato's largest mansion boasting breathtaking river views, five bedrooms, five bathrooms, an indoor heated swimming pool and a private boat ramp, is for sale and is likely to fetch one of [...]

By | June 27th, 2017|Categories: Business|0 Comments

Max Whitehead: Pay equity move may hurt economy

• Max Whitehead is the the chief operating officer of Small Business Voice, an organisation that assists small businesses and advocates for the sector New Zealand women are paid on average less than men for [...]

By | June 27th, 2017|Categories: Business|0 Comments

America's Cup win will transform Auckland: property boss

Our city's waterfront will be transformed when Auckland stages the next America's Cup in four years time, a construction and development expert says.Mark McGuinness of luxury apartment specialists Willis Bond said the win would... Source: [...]

By | June 26th, 2017|Categories: Business|0 Comments

Twelve Questions with Advanced Security chief executive Michael Marr

Advanced Security chief executive Michael Marr is pioneering the use of drones for security with new technology expected to earn $300 million worldwide in the next few years. The former sparky from Pukekohe is about [...]

By | June 26th, 2017|Categories: Business|0 Comments

Mark Lister: Ignore the tech revolution at your peril

The director of automation at carmaker General Motors made some interesting comments in April. He was talking about connecting a quarter of their factory robots to the internet. Apparently they detect faults quicker, reducing down-time... [...]

By | June 26th, 2017|Categories: Business|0 Comments

Italy makes 5.2B euros in resources to keep 2 banks afloat

ROME (AP) " The Italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the European Central Bank last week had deemed "failing or about to fail," [...]

By | June 26th, 2017|Categories: Business|0 Comments

UK: All building cladding samples tested failed fire safety

LONDON (AP) " Britain's government urged local officials across the country Sunday to urgently submit samples of tower block cladding after tests found that all samples tested so far have failed fire safety standards.In London,... [...]

By | June 26th, 2017|Categories: Business|0 Comments

NZ shares rise in light volume trade

New Zealand shares rose, led by Z Energy and Spark New Zealand in relatively light trading, while Sky Network Television fell after the pay-TV operator and Vodafone New Zealand terminated their merger agreement, although it [...]

By | June 26th, 2017|Categories: Business|0 Comments

Kiwi dollar little changed near a four-month high

The New Zealand dollar was little changed near a four-month high and may struggle to push much higher because of the sheer weight of bets on a rise which traders say put the kiwi at [...]

By | June 26th, 2017|Categories: Business|0 Comments

Accounting firm suspected fraud at Fuji

An unnamed accounting firm associated with Fuji Xerox NZ had reason to suspect fraud had occurred and planned on investigating the company, according to a new report.The report from an independent investigation committee set up... [...]

By | June 26th, 2017|Categories: Business|0 Comments

Big problem with Apple, Microsoft tablets

Some of the world's biggest technology companies are facing an unusual and costly problem: their products are proving too good to replace.Sales of traditional tablet computers are falling in Australia and are tipped to drop [...]

By | June 26th, 2017|Categories: Business|0 Comments

Electrician almost killed in grain silo incident

An electrician working on top of a grain silo had to be resuscitated after being engulfed in grain.The electrical company he worked for, Austin Bros, and farming partnership Mark and Sonia Dillon were fined $35,000 [...]

By | June 26th, 2017|Categories: Business|0 Comments

Airways worried about the cyber attack threat

Airways is worried about the threat of a cyber attack on the air traffic control system and is searching around the world for ways to prevent it.As the state owned enterprise moves towards more automated [...]

By | June 25th, 2017|Categories: Business|0 Comments

Polish protesters demand halt to logging in primeval forest

WARSAW, Poland (AP) " Hundreds have marched in Warsaw to protest widespread logging in Europe's last primeval forest, a project undertaken taken by Poland's conservative government.The ruling Law and Justice party has allowed increased... Source: [...]

By | June 25th, 2017|Categories: Business|0 Comments

Small Business: Kicking the disability stigma through awareness – Attitude Pictures

Media firm Attitude Pictures is helping to kick the disability stigma. Managing director Dan Buckingham, 36, talks about competing at the 2004 Paralympics in Athens and the importance of New Zealand on Air funding. A [...]

By | June 25th, 2017|Categories: Business|0 Comments

UK fire safety crisis expands; Hundreds evacuated in London

LONDON (AP) " Britain's fire-safety crisis expanded substantially Saturday as authorities revealed that 27 high-rise apartment blocks across the country have cladding that failed fire safety tests. London officials scrambled to evacuate... Source: NZ Herald [...]

By | June 25th, 2017|Categories: Business|0 Comments

Writer sues Tupac filmmakers, alleges copyright infringement

NEW YORK (AP) " A magazine writer has filed a copyright infringement lawsuit against the creators of the new Tupac Shakur biopic, saying that portions of the film are based on his articles about the [...]

By | June 25th, 2017|Categories: Business|0 Comments

Dancer to workout queen: How ClassPass became a multimillion-dollar business

Many little girls grow up loving ballet. And many become women who still want to dance, or run, or stand on their heads, but are slightly afraid.Payal Kadakia was one of those women.The New Jersey-born [...]

By | June 25th, 2017|Categories: Business|0 Comments