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Plea deals set for ex-Fiat Chrysler exec, wife of labor VP

DETROIT (AP) — A former Fiat Chrysler executive charged with looting a training center for blue-collar workers apparently has struck a plea deal with prosecutors.Records show a plea change hearing has been scheduled for Jan. [...]

By | January 16th, 2018|Categories: Business|0 Comments

Nestle selling US candy business for $2.9 billion

NEW YORK (AP) — Swiss food and drink giant Nestle is selling its U.S. candy business to Italy's Ferrero for about $2.9 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch [...]

By | January 16th, 2018|Categories: Business|0 Comments

North Dakota oil output cut back to meet gas capture rules

BISMARCK, N.D. (AP) — Fearing sanctions by the state, some North Dakota oil drillers have begun cutting output to control the amount of natural gas that's being burned off at well sites and wasted as [...]

By | January 16th, 2018|Categories: Business|0 Comments

Click, tap, buy: Holiday shoppers spent record amount online

NEW YORK (AP) — Shoppers spent a record amount online during the holiday season.That's according to Adobe Analytics, which reports online shopping during the holiday season reached $108.2 billion, up almost 15 percent from $94.4... [...]

By | January 16th, 2018|Categories: Business|0 Comments

McDonald's commits to eco-friendly food packaging goal by 2025

McDonald's has committed to using renewable, recycled or certified sources for all of its food packaging by 2025.The move by the fast-food giant is a global initiative across different markets it operates in."In recent years [...]

By | January 16th, 2018|Categories: Business|0 Comments

China fights the rise of 'love insurance'

China's insurance watchdog has come out against the "love insurance" products sold online in the country, labelling them as "fake" policies.The mainland's many such quirky online insurance policy peddlers do not have the authorisation... Source: [...]

By | January 16th, 2018|Categories: Business|0 Comments

Panama Hotel votes to drop Trump _ but his company won't go

WASHINGTON (AP) — An attempt to oust President Donald Trump's hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct.Trump Hotels is contesting its firing, and its staff... [...]

By | January 16th, 2018|Categories: Business|0 Comments

Asian stocks advance as investors look ahead to US earnings

BEIJING (AP) — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings.KEEPING SCORE: The Shanghai Composite Index rose 0.3 percent to 3,420.80... Source: [...]

By | January 16th, 2018|Categories: Business|0 Comments

Jeep updates Cherokee compact SUV to compete in hot market

DETROIT (AP) — Fiat Chrysler's Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market.The 2019 Cherokee, to [...]

By | January 16th, 2018|Categories: Business|0 Comments

Auckland auction house Mossgreen-Webb's in liquidation

One of country's most well-known auction houses is in liquidation.It follows the Australian owner of Mossgreen-Webb's being put into voluntary administration just before Christmas.Melbourne-headquartered Mossgreen, which bought... Source: NZ Herald Business News

By | January 15th, 2018|Categories: Business|0 Comments

US pharmacy to end touch-ups of beauty images

CVS Pharmacy, the retail division of CVS Health Corp, wants to end touch-ups of its beauty images in its marketing campaigns by the end of 2020.The plan, announced Monday, affects the marketing materials CVS produces, [...]

By | January 15th, 2018|Categories: Business|0 Comments

Canada's PSP Investments buying Canterbury farm for $17.7m

Canada's Public Sector Pension Investment Board, or PSP Investments, got a green light to buy a medium-sized dairy farm and a neighbouring dairy support block in Canterbury for $17.7 million just ahead of tougher requirements [...]

By | January 15th, 2018|Categories: Business|0 Comments

CEO: Mercedes may miss emission goal if electrics don't sell

DETROIT (AP) — If customers don't buy electric and more efficient cars and trucks, then Mercedes may not be able to meet government-imposed carbon dioxide emissions standards across the globe, its top executive says.Dieter Zetsche,... [...]

By | January 15th, 2018|Categories: Business|0 Comments

Adventurous Armani, fanciful Fendi close Milan Fashion Week

MILAN (AP) — And in a flash, it was over. The Milan Fashion Week typically devoted to fall and winter menswear was abbreviated this year into a super-slim long weekend that ended Monday.Many fashion houses [...]

By | January 15th, 2018|Categories: Business|0 Comments

This Week: UnitedHealth, industrial production, housing data

A look at some of the key business events and economic indicators upcoming this week:HEALTHY RUNWall Street expects the nation's largest health insurer capped 2017 with another strong quarter.Financial analysts predict UnitedHealth... Source: NZ Herald [...]

By | January 15th, 2018|Categories: Business|0 Comments

Real estate agent Shalendra Goundar suspended for three months, fined

A real estate agent who was "seriously incompetent and seriously negligent" when selling two properties has copped a three month suspension.Auckland's Shalendra Goundar was also censured by the Real Estate Agents Disciplinary Tribunal... Source: NZ [...]

By | January 15th, 2018|Categories: Business|0 Comments

Trump has kept many promises during his first year in office

WASHINGTON (AP) — President Donald Trump often brags that he's done more in his first year in office than any other president. That's a spectacular stretch.But while he's fallen short on many measures and has [...]

By | January 15th, 2018|Categories: Business|0 Comments

Big Read: Trump sharpens knives for US-China trade war

A potentially disastrous trade conflict between the US and China is coming to the boil this week as a series of inflammatory documents are delivered to the White House and President Donald Trump prepares to [...]

By | January 15th, 2018|Categories: Business|0 Comments

Shares slip as holiday trading holds sway

New Zealand shares fell in light volume as holiday trading continued, with Pushpay Holdings and Fonterra Shareholders Fund leading the losses.The S&P/NZX 50 Index dropped 30.98 points, or 0.4 per cent, to 8,211.37. Within the [...]

By | January 15th, 2018|Categories: Business|0 Comments

Passenger plane skids off runway in Turkey

A passenger plane late has skidded off the runway just metres away from the sea as it landed at an airport in northern Turkey, local media images showed.The Pegasus Airlines flight had taken off smoothly [...]

By | January 14th, 2018|Categories: Business|0 Comments

France vs fake news: an unwinnable legal battle?

Can a democratic country outlaw fake news?France is about to find out, after President Emmanuel Macron ordered a law to quash false information disseminated around electoral campaigns.Criticism is pouring in from media advocates,... Source: NZ [...]

By | January 14th, 2018|Categories: Business|0 Comments

Milan designers see fall and winter as 'Time for Change'

MILAN (AP) — With social and political crises unsettling the globe, Milan Fashion Week was all about slogans this season. "Time For Change" has been a particularly dominant catchphrase, one the fashion world can expect [...]

By | January 14th, 2018|Categories: Business|0 Comments

'Jumanji' tops 'The Post,' 'The Commuter' at MLK box office

NEW YORK (AP) — Meryl Streep, Liam Neeson, Paddington the bear and Taraji P. Henson all rushed into movie theaters over Martin Luther King Jr. weekend, but "Jumanji: Welcome to the Jungle" roared the loudest [...]

By | January 14th, 2018|Categories: Business|0 Comments

My guns or my ganja? Firearm-owning pot fans face a choice

HARRISBURG, Pa. (AP) — The federal government says grass and guns don't mix, and that is putting gun owners who use marijuana — and the strongly pro-gun-rights administration of President Donald Trump — in a [...]

By | January 14th, 2018|Categories: Business|0 Comments

After 8-year hiatus, Ford Ranger returns to US in 2019

DEARBORN, Mich. (AP) — Ford made the wrong bet on small pickup trucks in 2011. It hopes to put things right — and win back customers — with the 2019 Ford Ranger.Ford is unveiling the [...]

By | January 14th, 2018|Categories: Business|0 Comments

What 'genius' really means to President Trump

The genius in the White House has always believed that what makes him special is his ability to get things done without going through the steps others must take.In school, he bragged that he'd do [...]

By | January 14th, 2018|Categories: Business|0 Comments

YouTube suspends star over suicide video, doesn't shut door

YouTube has suspended a star who posted video images of what appeared to be a suicide victim but said that doesn't mean it won't work with him in the future.The video service announced this week [...]

By | January 14th, 2018|Categories: Business|0 Comments

House price drop could prompt interest rate fall – economist

Market expectations are for the Reserve Bank to hold its official cash rate steady this year or to increase it, but a contrary view put forward by Australia's Capital Economics suggests rates may actually fall, [...]

By | January 14th, 2018|Categories: Business|0 Comments

Versace launches Milan Fashion Week fresh from Hollywood win

MILAN (AP) — A triumphant outing at the Golden Globes primed Donatella Versace to help launch Milan Fashion Week menswear previews on Saturday.Versace dressed three women for last Sunday's awards show: Angelina Jolie, Saoirse Ronan,... [...]

By | January 13th, 2018|Categories: Business|0 Comments

Abe: Japan enters cooperation pact with Baltic countries

TALLINN, Estonia (AP) — Japan's prime minister says his country has entered into a pact with Estonia, Latvia and Lithuania to boost economic and political ties with the three former Soviet republics.Japanese Prime Minister Shinzo... [...]

By | January 13th, 2018|Categories: Business|0 Comments

Visiting family loses $17,000 in Airbnb scam

A family paid $17,000 for an Airbnb rental only to arrive at the doorstep with their suitcases to discover the listing was fake. Police are investigating but say their hands are tied because the family [...]

By | January 13th, 2018|Categories: Business|0 Comments

Multimillionaire Sir Owen Glenn to leave much of his fortune to charity

Travelling along Symonds St on his way to work, a 15-year-old Owen Glenn would gaze wistfully at students making their way into the University of Auckland.The promising student's dreams of becoming a lawyer were dashed [...]

By | January 13th, 2018|Categories: Business|0 Comments

Diana Clement: How to overhaul your flabby finances in 2018

It's the new year. Are your finances feeling flabby and your resolutions already waning? You can make a difference to your fiscal future by following a new path.Create a "to do" list with these simple [...]

By | January 13th, 2018|Categories: Business|0 Comments

The best gadgets at world's biggest consumer tech event

I want you all to know that the future is amazing. No, I am not a time traveller, I have just been lucky enough to visit the world's larger consumer tech convention in Las Vegas.With [...]

By | January 13th, 2018|Categories: Business|0 Comments

Amazon CEO Jeff Bezos donates $45 million to Dreamers scholarship program

Amazon CEO Jeff Bezos and his wife, MacKenzie, have donated US$33 million ($45.4m) to a scholarship program for young "dreamers" called TheDream.US.The donation from Bezos, who is the richest person in the world with an [...]

By | January 13th, 2018|Categories: Business|0 Comments

Three things investors should understand about cryptocurrencies

Would you invest in Marijuana Coin? How about Tattoo Coin or Invisible Coin?For the politically minded, you can even get behind Trump Coin, created in early 2016 to help get the now President into the [...]

By | January 13th, 2018|Categories: Business|0 Comments

Samsung Galaxy S9 specs appeared to have been leaked in box pic

Although Samsung fans only have to wait for another month before they get their first official glimpse of the new Galaxy S9 and S9+, the specs of the handset appear to have leaked online in [...]

By | January 13th, 2018|Categories: Business|0 Comments

Sandberg, Dorsey to leave the Disney board

BURBANK, Calif. (AP) — Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey will be leaving the board of The Walt Disney Co. Neither executive will stand for re-election at the company's annual meeting in [...]

By | January 13th, 2018|Categories: Business|0 Comments

CVS says it will keep Aetna in Connecticut's capital city

HARTFORD, Conn. (AP) — CVS Health Corp. said Friday it has "no plans" to move Aetna from Connecticut's capital city, reversing last year's announcement by the insurance giant that it would move headquarters to another [...]

By | January 12th, 2018|Categories: Business|0 Comments

Nigeria: Militant oil leader sought for killings is dead

WARRI, Nigeria (AP) — Nigeria's army says a militant oil leader who had once organized the kidnapping of four British missionaries and death of one of them has been killed.Military Joint Task Force spokesman Maj. [...]

By | January 12th, 2018|Categories: Business|0 Comments

Greece insists on environmental fines on gold mining firm

ATHENS, Greece (AP) — Greece's Environment Ministry has appealed a court decision annulling a 1.7-million-euro ($2.06 million) fine it had slapped on mining firm Eldorado Gold.In a statement Friday, the ministry said the Athens... Source: [...]

By | January 12th, 2018|Categories: Business|0 Comments

A look at Facebook's changes over the years in what you see

Facebook is once again tweaking what you see to focus more on personal connections and take the spotlight off brands and news articles.Facebook says it will highlight posts you are most likely to engage with [...]

By | January 12th, 2018|Categories: Business|0 Comments

Investors cheer German deal, but some bemoan lack of vision

FRANKFURT, Germany (AP) — Hopes for a new government in Germany sent the euro and markets higher Friday on relief that the Europe's biggest economy might soon get stable leadership. But it left some economists [...]

By | January 12th, 2018|Categories: Business|0 Comments

House OKs spy program after conflicting Trump tweets

WASHINGTON (AP) — President Donald Trump's puzzling tweets about a key U.S. spying law threw the House into temporary disarray Thursday, but lawmakers ended up renewing the law — with a new restriction on when [...]

By | January 12th, 2018|Categories: Business|0 Comments

Senator questions protecting Florida from drilling

WASHINGTON (AP) — The Trump administration may have violated federal law by exempting Florida from a national plan to expand offshore drilling, a Democratic senator charged Thursday.Sen. Maria Cantwell of Washington state said Interior... Source: [...]

By | January 12th, 2018|Categories: Business|0 Comments

Rotorua property seller hopes $200,000 price slash will tempt buyers

Bob Willers will be sad when his property sells but he isn't shedding any tears just yet. His Holdens Bay homes have been on the market for more than three months but the 81-year-old is [...]

By | January 12th, 2018|Categories: Business|0 Comments

GM says it's mass-producing cars without steering wheels

DETROIT (AP) — General Motors says it is making the first mass-production autonomous car without a steering wheel or pedals.The company says it has filed a petition with the federal government seeking permission to put [...]

By | January 12th, 2018|Categories: Business|0 Comments

Some Walmart employees get raises, others to lose their jobs

NEW YORK (AP) — For some Walmart employees, the day brought news of a pay raise. Others learned they were out of a job.Walmart said Thursday that it is boosting its starting salary for U.S. [...]

By | January 12th, 2018|Categories: Business|0 Comments

Samsung faces French lawsuit amid alleged labour abuse charges

Two French rights groups have filed a lawsuit against electronics giant Samsung, accusing it of misleading advertising because of alleged labour abuses at factories in China and South Korea.It's the latest labour challenge to Samsung,... [...]

By | January 11th, 2018|Categories: Business|0 Comments

'Oprah for president' talk sends Weight Watchers shares higher

Oprah Winfrey won over the Golden Globes, and that was good news for Weight Watchers investors.Winfrey, who owns 10 percent of the weight-loss company and is featured in its ads, dominated coverage of the Hollywood [...]

By | January 11th, 2018|Categories: Business|0 Comments

Macron condemns dairy giant Lactalis over tainted baby food

PARIS (AP) — French President Emmanuel Macron deflected blame Thursday in the latest chapter of a dairy scandal that has embarrassed the French government, major supermarkets and a dairy giant.Speaking from a press conference in... [...]

By | January 11th, 2018|Categories: Business|0 Comments

Puerto Rico to probe report power parts were overlooked

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor is asking the island's Justice Department to investigate a report that material needed to restore power to the island was overlooked for months in a government-owned [...]

By | January 11th, 2018|Categories: Business|0 Comments

UK leader vows Brexit won't weaken environmental standards

LONDON (AP) — Britain's prime minister has announced a 25-year plan to improve the country's environment and eliminate plastic waste, promising that leaving the European Union won't mean lower environmental standards.Goals unveiled... Source: NZ Herald [...]

By | January 11th, 2018|Categories: Business|0 Comments

Another GOP governor seeks exclusion from drilling proposal

WASHINGTON (AP) — Opposition to the Trump administration's plan to expand offshore drilling is mounting as Democrats from coastal states accuse President Donald Trump of punishing states with Democratic leaders and a second Republican... Source: [...]

By | January 11th, 2018|Categories: Business|0 Comments

Most coastal governors oppose Trump offshore drilling plan

The Trump administration has proposed a vast expansion of offshore drilling that would open 90 percent of the nation's offshore reserves to development by private companies. The plan affects at least 22 coastal states and [...]

By | January 11th, 2018|Categories: Business|0 Comments

Coal executive's 'wish list' finds success under Trump

WASHINGTON (AP) — In the early days of the Trump administration, the head of one of America's largest coal companies sent a four-page "action plan" to the White House calling for rollbacks of Obama-era environmental [...]

By | January 11th, 2018|Categories: Business|0 Comments

Burned by book, Trump takes issue with nation's libel laws

WASHINGTON (AP) — President Donald Trump said he's going to be taking "a strong look at our country's libel laws," blasting the current standards as "a sham and a disgrace."Speaking during a Cabinet meeting Wednesday, [...]

By | January 11th, 2018|Categories: Business|0 Comments

Some fans of Trump and pot feel allegiances go up in smoke

PORTLAND, Maine (AP) — The Trump administration's anti-marijuana move has some members of the president's voting base fuming.Fans of President Donald Trump who use marijuana say Attorney General Jeff Sessions' move to tighten federal... Source: [...]

By | January 11th, 2018|Categories: Business|0 Comments

AP sources: Trump to extend sanctions relief for Iran

WASHINGTON (AP) — President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington's participation in [...]

By | January 10th, 2018|Categories: Business|0 Comments

The Latest: $5,000 freezer makes ice _ out of alcohol

LAS VEGAS (AP) — The Latest on the CES technology show in Las Vegas (all times local):10 a.m.A $5,000 ice cube maker might seem wasteful when your freezer could make ice, too.But instead of being [...]

By | January 10th, 2018|Categories: Business|0 Comments

Less than meets eye: Bonuses, not raises, from US tax cuts

WASHINGTON (AP) — American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp.Such announcements , coming from [...]

By | January 10th, 2018|Categories: Business|0 Comments

Airline stocks rally on upbeat outlook from American, United

Shares of United Airlines and American Airlines are up as the carriers are seeing stronger pricing power and better revenue trends.By midmorning Wednesday, shares of United Continental Holdings Inc. were up $3.26, or 4.2 percent,... [...]

By | January 10th, 2018|Categories: Business|0 Comments

Longtime Associated Press executive James Donna dies at 71

James M. Donna, who over three decades served in an array of news and management posts with The Associated Press, died Tuesday after an illness of several weeks, his wife said. He was 71.Donna joined [...]

By | January 10th, 2018|Categories: Business|0 Comments

Asian share prices mostly lower as Wall Street rally fades

TOKYO (AP) — Share prices were mostly lower in Asia on Wednesday as the afterglow from Wall Street's extended winning streak faded. Chinese shares were buoyed by surging oil prices.KEEPING SCORE: Japan's Nikkei 225 index [...]

By | January 10th, 2018|Categories: Business|0 Comments

Air New Zealand flies up global punctuality rankings

Air New Zealand and Auckland Airport are among the most punctual operators in the world, according to a report by travel data company OAG.The report, based on 57 million flight records for last year, said [...]

By | January 10th, 2018|Categories: Business|0 Comments

NYC taking steps to divest pension funds of fossil fuels

NEW YORK (AP) — New York City officials are citing climate change as their motivation to join a growing number of investors ridding themselves of financial interest in fossil fuels.Democratic Mayor Bill de Blasio and [...]

By | January 10th, 2018|Categories: Business|0 Comments

Parents fuming at Amazon stuff-up

Parents have been left fuming after Amazon Australia cancelled their orders following a pricing stuff-up.The online retailer told customers who had purchased bargain packs of nappies and baby wipes that the items had been listed... [...]

By | January 10th, 2018|Categories: Business|0 Comments

A2 Milk leads sharemarket lower

New Zealand shares fell as rising US bond yields trimmed the attraction of the local market's relatively high dividend yields, and prompted investors to crystallise some gains. A2 Milk Co, Air New Zealand and Pushpay [...]

By | January 10th, 2018|Categories: Business|0 Comments

Kodak creating KodakCoin, its own cryptocurrency system

NEW YORK (AP) — Kodak is getting into the digital licensing and cryptocurrency market as part of a partnership with WENN Digital.The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger... [...]

By | January 9th, 2018|Categories: Business|0 Comments

Report: 18 states may introduce sports betting bills in 2018

ATLANTIC CITY, N.J. (AP) — A new report predicts 18 states will introduce bills to regulate sports betting this year, with 11 having a good chance of passing legislation.Eilers & Krejcik Gaming, which tracks gambling [...]

By | January 9th, 2018|Categories: Business|0 Comments

Trump to attend World Economic Forum in Swiss ski resort

WASHINGTON (AP) — President Donald Trump is planning to attend the World Economic Forum in the Swiss ski resort of Davos later this month.White House press secretary Sarah Huckabee Sanders says in a statement that [...]

By | January 9th, 2018|Categories: Business|0 Comments

Mexico records 6.77 inflation in 2017, a 17-year high

MEXICO CITY (AP) — Mexico recorded 6.77 percent annual inflation in 2017, the country said Tuesday, more than double its 3 percent target and a 17-year high.The government's National Institute of Statistics and Geography published... [...]

By | January 9th, 2018|Categories: Business|0 Comments

David Beckham launches L'Oreal men's grooming products

NEW YORK (AP) — David Beckham is following his wife into the beauty market with a label of his own for L'Oreal.The soccer star married to fashion mogul Victoria Beckham will launch 21 men's grooming [...]

By | January 9th, 2018|Categories: Business|0 Comments

Singapore arrests 17 suspected in Shell oil heist

SINGAPORE (AP) — Singapore police say they have arrested 17 men suspected of involvement in the theft of oil from Shell's largest refinery in the region. Police also seized $2.3 million and an oil tanker [...]

By | January 9th, 2018|Categories: Business|0 Comments

China: Body found, tanker still on fire after sea collision

BEIJING (AP) — China's transport ministry says rescuers have found a body believed to be of a sailor from the Iranian oil tanker on fire after a collision at sea.The ministry said the body had [...]

By | January 9th, 2018|Categories: Business|0 Comments

Take this job and shiver it: Chilly offices plague workers

Two long-sleeved shirts, a sweater, a fleece jacket, two scarves and two pairs of socks.That has been Karen Ericson's go-to outfit in her office in Des Moines, Iowa, in recent weeks."I am still shivering," the [...]

By | January 9th, 2018|Categories: Business|0 Comments

The falling fashion brands: Andrea Moore another Kiwi firm in strife

Two weeks into the new year and another Kiwi clothing company is facing liquidation.Increased online competition from overseas retailers, pressure on consumer spending, payment defaults, delays and construction headaches are among... Source: NZ Herald Business [...]

By | January 9th, 2018|Categories: Business|0 Comments

NZ dollar slips v Aussie on strong building approvals across the Tasman

The New Zealand dollar fell against the Australian dollar after figures showing a sharp jump in building approvals across the Tasman revived optimism about the strength of Australia's economy.The kiwi declined to 91.31 Australian... Source: [...]

By | January 9th, 2018|Categories: Business|0 Comments

This Week: Earnings from WD-40, JP Morgan and Wells Fargo

SQUEAKING OUT A PROFITLubricant maker WD-40 reports its first-quarter results on Tuesday. The San Diego-based company's shares slid nearly 4 percent in October after it reported lower fourth-quarter sales and forecast flat to slightly... Source: [...]

By | January 8th, 2018|Categories: Business|0 Comments

The Latest: Tanker burning at sea at risk of exploding

BEIJING (AP) — The Latest on a collision between an oil tanker and a freighter off China's eastern coast (all times local):1:30 p.m.Chinese state media say an Iranian oil tanker that caught fire after colliding [...]

By | January 8th, 2018|Categories: Business|0 Comments

Aussie giant buys Auckland car dealerships for $7.5m

ASX-listed Automotive Holdings Group, Australia's biggest auto retailer, has bought two dealerships in the Auckland suburb of Manukau for $7.5 million, expanding its footprint to nine franchises in the country's biggest city.Perth-based... Source: NZ Herald [...]

By | January 8th, 2018|Categories: Business|0 Comments

Kiwis warned to update software to protect against chip flaw

The government's Computer Emergency Response Team (Cert NZ) says people should make sure software on their devices is up-to-date after a design flaw in most processing chips was made public last week. The Meltdown and [...]

By | January 8th, 2018|Categories: Business|0 Comments

Ford adds diesel engine to F-150 for the first time

DETROIT (AP) — Ford Motor Co. is offering a diesel engine in its F-150 pickup for the first time.Heavy duty trucks like the F-250 or F-350 have always had diesel engines, but full-size trucks like [...]

By | January 8th, 2018|Categories: Business|0 Comments

US judge in Las Vegas may dismiss ranching standoff case

LAS VEGAS (AP) — A U.S. judge who declared a mistrial last month could end the much-watched criminal prosecution of a Nevada rancher accused of leading an armed uprising against federal authorities.Chief U.S. District Judge [...]

By | January 7th, 2018|Categories: Business|0 Comments

Judge aims to referee fight over Charles Manson's remains

SACRAMENTO, Calif. (AP) — The fight over the body and possessions of apocalyptic cult leader Charles Manson has fragmented into at least three camps competing over an estate that could cash in on songs he [...]

By | January 7th, 2018|Categories: Business|0 Comments

High or Dry? California legal pot to test supply pipeline

LOS ANGELES (AP) — Most Californians with an urge to smoke a joint will enter the state's legal marijuana marketplace through a single doorway — at a retail shop.But out of view of those day-to-day [...]

By | January 7th, 2018|Categories: Business|0 Comments

What's on center stage at the CES tech show? Your voice

What's the hottest thing in the world of technology these days? Your voice.Some of the most popular gadgets over the holiday season were smart speakers with digital assistants from Amazon and Google . Apple is [...]

By | January 7th, 2018|Categories: Business|0 Comments

Former WTO chief, UN envoy Peter Sutherland dies at 71

LONDON (AP) — Irish businessman and diplomat Peter Sutherland, who held senior roles in the European Union, the World Trade Organization and the U.N., has died. He was 71.Sutherland's family says he died Sunday at [...]

By | January 7th, 2018|Categories: Business|0 Comments

NZ logistics company cutting 'middlemen' from China trade

A Kiwi logistics company is making it easier for manufacturers to do business with China by cutting out middlemen and allowing their products to be sent directly to the buyer.QEX Logistics was founded by husband [...]

By | January 7th, 2018|Categories: Business|0 Comments

How to start a business: Kiwi business owner's advice for getting the ball rolling

Are you contemplating putting that awesome business idea into action this year but too scared to take the leap of faith?Getting started is often the hardest part, according to Kiwi small business owners.Sharlene Barnes, founder... [...]

By | January 7th, 2018|Categories: Business|0 Comments

Hackers may be already cashing in on tech flaws

Criminals may already be cashing in a recently discovered microchip flaw that has left billions of computers and other electronic devices across the globe vulnerable to hacking.Advertisements claiming to belong to notorious hacking... Source: NZ [...]

By | January 7th, 2018|Categories: Business|0 Comments

Investors nursing heavy losses on Bitcoin-linked investments

Wall Street investors are nursing heavy losses on Bitcoin-linked investments as the first monthly futures contracts expire.One-month Bitcoin futures, which traded at close to US$20,000 ($27,900) several weeks ago, have slumped in... Source: NZ Herald [...]

By | January 7th, 2018|Categories: Business|0 Comments

Mark Lister: Some financial resolutions for 2018

New Year's resolutions are all the rage this time of year. While the most popular seem to be health and fitness related, investors could benefit from taking a similar opportunity with their portfolios or KiwiSaver [...]

By | January 7th, 2018|Categories: Business|0 Comments

Obama to speak at MIT Sloan Sports Analytics Conference

BOSTON (AP) — Former President Barack Obama will speak at the MIT Sloan Sports Analytics Conference on Feb. 23 to discuss "his time in office and the next chapter in his life."The conference announced Friday [...]

By | January 6th, 2018|Categories: Business|0 Comments

Pot industry frets, then shrugs off Sessions' new policy

SAN FRANCISCO (AP) — This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after [...]

By | January 6th, 2018|Categories: Business|0 Comments

2 former ministers in Zimbabwe face corruption charges

HARARE, Zimbabwe (AP) — Two former Zimbabwean cabinet ministers aligned with a faction loyal to ousted leader Robert Mugabe face corruption charges.Samuel Undenge, a former energy minister, and Walter Mzembi, a former foreign affairs... Source: [...]

By | January 6th, 2018|Categories: Business|0 Comments

Auckland friends $4800 out of pocket by scammers posing as Airbnb hosts

An Auckland woman and her friends are nearly $5000 out of pocket and feeling "traumatised" after scammers posing as Airbnb hosts took their money and duped them out of a New Year's Eve pad. Michaela [...]

By | January 6th, 2018|Categories: Business|0 Comments

Takata adds 3.3 million air bag inflators to massive recall

DETROIT (AP) — Japanese air bag maker Takata is recalling an additional 3.3 million faulty air bag inflators as it expands the largest automotive recall in U.S. history.The latest recalls cover frontal air bags in [...]

By | January 6th, 2018|Categories: Business|0 Comments

Huge security flaws revealed — and tech companies can barely keep up

Security experts scrambled on Friday to try to reassure computer users worldwide that a newly discovered type of security flaw can be managed — though not eliminated — through the simple act of updating software [...]

By | January 6th, 2018|Categories: Business|0 Comments

Clock ticking for Tesla to make good on promises

Tesla has a big problem.On Wednesday night, US time, the electric vehicle maker confessed what rumours had already suggested.Its production processes are not working properly and in the last three months of 2017 it failed [...]

By | January 6th, 2018|Categories: Business|0 Comments

Former Uber boss to make $2b from share sale

Uber co-founder and former CEO Travis Kalanick will sell 29 per cent of his stake in the ride-hailing service, says a person briefed on the deal.The sale is part of a transaction with investors that [...]

By | January 6th, 2018|Categories: Business|0 Comments

Warning to shoppers: Check your dockets

In case you missed it: This was one of our most-read stories of 2017 When you go shopping, do you casually throw your receipt in with the groceries, neglecting to read it over?Or, worse, do [...]

By | January 6th, 2018|Categories: Business|0 Comments

Iceland first nation to make pay equality a legal requirement

A tiny Nordic nation has become the first in the world to make pay equality a legal requirement.The new law came into effect in Iceland on January 1 after first being announced on International Women's [...]

By | January 6th, 2018|Categories: Business|0 Comments

2 more airlines give employees bonuses after tax law

Alaska Airlines and JetBlue Airways are the latest airlines to pay bonuses to employees after passage of a new tax law that figures to help the carriers.Alaska and JetBlue, the fifth- and sixth-biggest U.S. airlines [...]

By | January 5th, 2018|Categories: Business|0 Comments

Bleak forecast for Colorado River supplies; 20% snowpack

LAS VEGAS (AP) — The first forecast of the year for Colorado River water supplies is a bleak one.The river that serves as a key source of water for seven states including California, Colorado, Utah [...]

By | January 5th, 2018|Categories: Business|0 Comments

Transcripts show Fed divided in 2012 over bond purchases

WASHINGTON (AP) — Newly released transcripts show sharp divisions inside the Federal Reserve in 2012 over the need for a third round of bond purchases to boost a lagging economy.The doubters expressed fears that the [...]

By | January 5th, 2018|Categories: Business|0 Comments

Neiman Marcus names Ralph Lauren exec to be CEO

NEW YORK (AP) — Luxury retailer Neiman Marcus Group is naming a Ralph Lauren executive to succeed its CEO and President Karen Katz, who is retiring.The Dallas-based retailer, which has been looking to cut its [...]

By | January 5th, 2018|Categories: Business|0 Comments

Where many found jobs: Construction and health care

WASHINGTON (AP) — Construction boosted strong hiring in December, with builders and contractors expanding to keep up with heavy demand for homes.The sector accelerated hiring to 30,000 jobs during the month. For the full year, [...]

By | January 5th, 2018|Categories: Business|0 Comments

Last year's losing trio claw back some ground

New Zealand shares gained with global equity markets in the absence of local corporate news, with Metro Performance Glass and Sky Network Television rising while Freightways dropped.The S&P/NZX 50 Index rose 12.05 points, or 0.1... [...]

By | January 5th, 2018|Categories: Business|0 Comments

Shareholders stick with TIL Logistics Group

TIL Logistics Group, the New Plymouth-based freight and logistics company, has retained former shareholders of Bethunes Investments after completing a reverse listing transaction.Shareholders of Bethunes, which changed its name... Source: NZ Herald Business News

By | January 5th, 2018|Categories: Business|0 Comments

Australia trade data lifts kiwi

The New Zealand dollar edged up against the Australian dollar today after weaker-than-expected November trade data across the Tasman.The kiwi rose to A91.08c as at 5pm from A90.59c late on Thursday. It rose to US71.58c [...]

By | January 5th, 2018|Categories: Business|0 Comments

Dow 25,000: Index keeps rolling with another milestone

NEW YORK (AP) — The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000.The Dow passed five 1,000-point barriers in 2017 on its way [...]

By | January 5th, 2018|Categories: Business|0 Comments

Report: Former Uber CEO Kalanick selling part of stake

NEW YORK (AP) — Uber co-founder and former CEO Travis Kalanick plans to sell 29 percent of his stake in the ride-hailing service, a news report said Thursday.The deal is part of a transaction with [...]

By | January 5th, 2018|Categories: Business|0 Comments

Southwest agrees to pay $15 million over collusion claims

DALLAS (AP) — Southwest Airlines will pay $15 million to settle class-action lawsuits that accuse the four biggest U.S. carriers of conspiring to boost prices by holding down the supply of tickets for sale.Southwest denies [...]

By | January 4th, 2018|Categories: Business|0 Comments

New Puerto Rico law targets graft, shields whistleblowers

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor has signed a new law aimed at fighting corruption in the U.S. territory amid a deep economic crisis.The measure bars judges from granting probation to anyone [...]

By | January 4th, 2018|Categories: Business|0 Comments

Immersion art startup Meow Wolf picks Denver to expand

SANTA FE, N.M. (AP) — Creators of a popular immersive art entertainment project in Santa Fe, New Mexico, on Thursday announced a push into a major metropolitan market with plans for an interactive exhibit and [...]

By | January 4th, 2018|Categories: Business|0 Comments

Panera Bread pay-what-you-want cafe in Missouri to close

CLAYTON, Mo. (AP) — A Panera Bread Co. restaurant in the St. Louis area where patrons have paid as much or little as they want for a meal for almost eight years is closing its [...]

By | January 4th, 2018|Categories: Business|0 Comments

CBS News fires political director for 'inappropriate' acts

NEW YORK (AP) — CBS News has fired its political director, Steve Chaggaris, for "inappropriate behavior," the latest in a string of powerful men to lose a job over alleged misconduct.Six weeks ago, CBS News [...]

By | January 4th, 2018|Categories: Business|0 Comments

Aussie pot companies on a high after export move

Australian medicinal cannabis producers are on a high after government across the Tasman gave them approval to begin exports.By the early afternoon on Thursday, shares in Cann Group were up 27.8 per cent at $3.68, [...]

By | January 4th, 2018|Categories: Business|0 Comments

Ad for $27/hr after-school nanny job comes with extensive list of duties

Should the nanny also walk the dog?An ad seeking a A$350 ($386)-a-week after-school au pair posted on a Woolworths community message board in the inner-west Sydney suburb of Balmain has raised eyebrows for its extensive [...]

By | January 4th, 2018|Categories: Business|0 Comments

NZ shares up, Ryman and Stride gain while Plexure drops on NZX price enquiry

New Zealand shares gained, led higher by Ryman Healthcare and Stride Property, as Plexure Group dropped following a price enquiry.The S&P/NZX50 Index rose 18.59 points, or 0.2 per cent, to 8,443.5. Within the index, 26 [...]

By | January 4th, 2018|Categories: Business|0 Comments

Air New Zealand named among to 20 safest airlines

Perth-based AirlineRatings.com ranks Air New Zealand among the top 20 airlines among the 409 airlines it monitors.It has also named its bottom-ranked carriers for safety for the past year.They were; Air Koryo, Bluewing Airlines,... Source: [...]

By | January 4th, 2018|Categories: Business|0 Comments

Nearly 60pc of Kiwi women earn less than their partners

Kiwi women are lagging behind their American counterparts when it comes to earning more than their partners.Research by Boston Consulting Group found one third of married woman in the United States earned more than their [...]

By | January 4th, 2018|Categories: Business|0 Comments

Murders fall in El Salvador, but citizens still fearful

SAN SALVADOR, El Salvador (AP) — El Salvador has registered its second consecutive year of fewer murders, but the nearly 4,000 killings in 2017 still leave the country among the world's most deadly.National Civil Police [...]

By | January 3rd, 2018|Categories: Business|0 Comments

5 ways to assess whether the GOP tax plan is delivering

WASHINGTON (AP) — If President Donald Trump and his Republican allies are right, the $1.5 trillion tax cut plan they sped into law last month will make individuals and businesses more prosperous. Paychecks will grow. [...]

By | January 3rd, 2018|Categories: Business|0 Comments

Brazil's industry minister steps down

SAO PAULO (AP) — Brazilian Industry Minister Marcos Pereira has resigned and is expected to seek a seat in Congress in October elections.Pereira cites only "personal and party" reasons in his resignation letter posted Wednesday... [...]

By | January 3rd, 2018|Categories: Business|0 Comments

APNewsBreak: Foreign fishermen settle human trafficking suit

Two Indonesian fishermen who say they were enslaved on an American fishing boat have settled their lawsuit against the vessel's owner seven years after escaping and being granted special U.S. visas as victims of human [...]

By | January 3rd, 2018|Categories: Business|0 Comments

APNewsBreak: Two Indonesian fishermen have settled their human trafficking lawsuit against US fishing boat owner

HONOLULU (AP) — APNewsBreak: Two Indonesian fishermen have settled their human trafficking lawsuit against US fishing boat owner. Source: NZ Herald Business News

By | January 3rd, 2018|Categories: Business|0 Comments

Strong factory data, Wall St gains boost Asian share prices

TOKYO (AP) — Strong manufacturing data and overnight gains on Wall Street gave Asian markets a boost on Wednesday. Oil prices held steady.KEEPING SCORE: Hong Kong's Hang Seng index picked up 0.3 percent to 30,604.48 [...]

By | January 3rd, 2018|Categories: Business|0 Comments

Crisis-wracked Venezuela turns for hope to broken factories

CIUDAD GUAYANA, Venezuela (AP) — Juan Carlos Goite has to be creative, finding spare parts stripped from one broken-down locomotive to repair another in a desperate attempt to keep a once-thriving iron ore mining company [...]

By | January 3rd, 2018|Categories: Business|0 Comments

The great stall of China – why Chinese tourism to NZ suddenly dipped

Tourism groups are confident the Chinese market is in good shape after a sharp slump in numbers and spending in the past year.But operators and industry groups say the large recent year-on-year growth is unlikely [...]

By | January 3rd, 2018|Categories: Business|0 Comments

US bars $1.2B Chinese acquisition of MoneyGram

BEIJING (AP) — Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese [...]

By | January 3rd, 2018|Categories: Business|0 Comments

NZ shares rise on first trading day of 2018, led by Pushpay, Fletcher

New Zealand shares rose in the first trading session of 2018, led higher by Pushpay Holdings and Fletcher Building.The S&P/NZX50 Index gained 26.83 points, or 0.3 per cent, to 8,424.91. Within the index, 27 stocks [...]

By | January 3rd, 2018|Categories: Business|0 Comments

Vice suspends 2 top execs after sexual misconduct report

NEW YORK (AP) — Vice has suspended two top executives after a New York Times report on sexual misconduct at the digital media company.Vice Media has suspended its president, Andrew Creighton, and chief digital officer [...]

By | January 2nd, 2018|Categories: Business|0 Comments

US calls on Iran to unblock social media sites amid protests

WASHINGTON (AP) — The Trump administration is calling on Iran's government to stop blocking Instagram and other popular social media sites as Iranians are demonstrating in the streets.U.S. Undersecretary of State Steve Goldstein... Source: NZ [...]

By | January 2nd, 2018|Categories: Business|0 Comments

McDonald's tests fresh beef in another burger

NEW YORK (AP) — McDonald's says it is using fresh beef in another burger, the latest test by the chain to swap out frozen beef as it seeks to improve the image of its food.The [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Trump administration calls on Iran to unblock Instagram, other social media amid protests

WASHINGTON (AP) — Trump administration calls on Iran to unblock Instagram, other social media amid protests. Source: NZ Herald Business News

By | January 2nd, 2018|Categories: Business|0 Comments

Regulators open probe of Goodyear motor home tires failures

DETROIT (AP) — U.S. safety regulators are investigating whether some older Goodyear motor home tires can fail and cause crashes and possibly deaths.The National Highway Traffic Safety Administration says it began the probe after... Source: [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Asian markets mostly higher as 2018 trading opens

BEIJING (AP) — Asian stock markets were mostly higher Tuesday as 2018 trading began and investors looked ahead to whether the record-setting U.S. equity run will last.KEEPING SCORE: The Shanghai Composite Index rose 1.1 percent... [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Home loan rates tipped to rise in 2018 – but not by much, say experts

Home loan rates will likely rise a bit in 2018 but are not expected to take a big jump up, experts believe.Reserve Bank data shows average fixed-rate mortgages rose by between 11 and 17 basis [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Power outage affects train service at New York Penn Station

NEW YORK (AP) — A power outage on the tracks at New York's Penn Station has affected train service on Amtrak and New Jersey Transit.The outage prevented trains from entering or leaving the station, which [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Summer questions: Cityhop founder Victoria Carter

What is 2018 looking like for your business? We have never been more excited about starting a new year; so many more businesses in Auckland and Wellington have joined car share as they reduce their [...]

By | January 2nd, 2018|Categories: Business|0 Comments

Things looking up for Atlantic City in 2018

ATLANTIC CITY, N.J. (AP) — The last traces of President Donald Trump's onetime casino empire could vanish. Someone may finally buy and reopen the former Revel casino. (Or maybe not.) The U.S. Supreme Court could [...]

By | January 1st, 2018|Categories: Business|0 Comments

Tax on medical devices to resume after 2-year suspension

BOSTON (AP) — While much of corporate America will enjoy a tax cut in the new year, one industry is getting a tax increase it has fought hard but so far unsuccessfully to avoid.A 2.3-percent [...]

By | January 1st, 2018|Categories: Business|0 Comments

Q&A: How is the growth of bitcoin affecting the environment?

The growth of bitcoin is fueling speculation and debate about the environmental impact of the collective energy needed to power the virtual currency in the era of climate change. Some questions and answers about the [...]

By | January 1st, 2018|Categories: Business|0 Comments

Latest: Confusion for LA dispensaries as legal pot begins

LOS ANGELES (AP) — The Latest on recreational marijuana sales in California (all times local):7:00 a.m.Attorneys advising a group of Los Angeles dispensaries have concluded that those businesses can continue to legally sell medicinal... Source: [...]

By | January 1st, 2018|Categories: Business|0 Comments

China's 2017 movie ticket sales rise 13.5 percent

BEIJING (AP) — China's total domestic movie ticket sales rose 13.5 percent in 2017 to 55.9 billion yuan ($8.6 billion), a state news agency said Monday.The top-grossing title was the mainland-made action picture "Wolf Warrior [...]

By | January 1st, 2018|Categories: Business|0 Comments

This Week: Fed minutes, Walgreens results, Nonfarm payrolls

A look at some of the key business events and economic indicators upcoming this week:BETWEEN THE LINESThe Federal Reserve releases minutes from the recent two-day meeting of its policymakers on Wednesday. At the meeting last [...]

By | January 1st, 2018|Categories: Business|0 Comments

Apple applies for patent to wirelessly charge your iPhone from across the room

Apple has filed a patent application for what appears to be a system that could one day charge your phone from across the room.The new patent describes a system that could supply power to multiple [...]

By | January 1st, 2018|Categories: Business|0 Comments

Revealed: How safe flying is on commercial airliners

Commercial air travel is as safe as it has ever been, according to figures from the Aviation Safety Network.In 2017 there was an ''extremely low'' total of 10 fatal airliner accidents.The Netherlands-based organisation found... Source: [...]

By | January 1st, 2018|Categories: Business|0 Comments

Tsunami threat to fuel supplies greater than previously thought

The threat from a massive tsunami to New Zealand's fuel supply is much greater than previously thought, says a report to a government review of infrastructure.Tsunami waves of up to 7.5m high hitting exposed parts [...]

By | January 1st, 2018|Categories: Business|0 Comments

Flat 2018 predicted for new car sales after four years of record growth

New vehicles sales are expected to be flat this year after four years of record growth, with immigration coming off the boil and households nervous about their finances.The Motor Industry Association predicts close to 160,000 [...]

By | January 1st, 2018|Categories: Business|0 Comments

Thousands to ring in 2018 in Las Vegas under tight security

LAS VEGAS (AP) — Tens of thousands of revelers will ring in the new year in Las Vegas under the close eye of law enforcement just three months after the deadliest mass shooting in modern [...]

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

'Star Wars' passes 'Beauty and the Beast' as top 2017 earner

LOS ANGELES (AP) — On the last day of the calendar year, "Star Wars: The Last Jedi" has surpassed "Beauty and the Beast" as the top grossing film in North America in 2017. It also [...]

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

Anticipation high as California rolls out retail pot sales

LOS ANGELES (AP) — Californians may awake on New Year's Day to a stronger-than-normal whiff of marijuana as America's cannabis king lights up to celebrate the state's first legal retail pot sales.The historic day comes [...]

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

S. Korea holds Panama oil tanker suspected of N. Korea trade

SEOUL, South Korea (AP) — South Korean authorities have seized a Panama-flagged oil tanker suspected of evading international sanctions by trading with North Korea, officials said Sunday.An official from South Korea's Foreign Ministry... Source: NZ [...]

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

Brokers Picks 2018: Hot stocks for the new year

Brokers have picked a diverse mix of stocks for 2018, in many cases opting for those that have underperformed in the last year or so.It's always worth remembering that winning the Brokers Picks competition requires [...]

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

Brokers Picks: The 2017 results look good

It has been a good year for local equities. In fact we're not far from being able to call it a good decade with the NZX bull-run moving into its ninth year in 2018. But [...]

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

'Weird' trait that helped Kayla Itsines build a $69 million empire

At 26 years old, Australian personal trainer and entrepreneur, Kayla Itsines, runs a business empire worth more than A$63 million ($69.2m). The fitness professional, and founder of Bikini Body Guide, was named the top global [...]

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

Chinese manufacturing growth slows slightly in December

BEIJING (AP) — Manufacturing in China grew at a slightly slower pace in December than the previous month, a Chinese government survey showed Sunday, following government controls on bank lending.The National Bureau of Statistics... Source: [...]

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

Business year in review: Confidence sours under Labour

Political rumblings came into focus in the business world through the tail-end of 2017 as Jacinda Ardern's unexpected rise to the prime minister's office brought a fresh approach to dealing with burgeoning capacity constraints and... [...]

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

Legal recreational pot in California: What you need to know

LOS ANGELES (AP) — California on Monday becomes the nation's largest state to offer legal recreational marijuana sales. Here's a snapshot of how the market will work and how the state will regulate a pot [...]

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

New California laws cover immigration, marijuana, education

SACRAMENTO, Calif. (AP) — California state lawmakers in 2017 passed nearly 900 bills that Gov. Jerry Brown then signed into law. Most of them take effect Monday. The new laws cover topics ranging from the [...]

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

New Year sales: Retailers slash prices on appliances, technology

Cash registers are set to ring at shopping centres around the country tomorrow as retailers slash prices on big ticket items like technology, appliances and furniture for the New Year sales.Kiwi consumers have already splurged [...]

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

Michigan scrambles to address chemical contaminants in water

LANSING, Mich. (AP) — While the city of Flint still recovers from a lead-tainted water crisis, Michigan is scrambling to combat potential health risks in other tap water that stem from chemicals long used in [...]

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

Sunni jihadists claim they blew up Iran oil pipeline

DUBAI, United Arab Emirates (AP) — A Sunni jihadist group has claimed to have blown up an oil pipeline in Iran's southern Khuzestan province, the scene of other attacks by Arab separatists. Iranian authorities have [...]

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

Sir Michael Cullen: KiwiSaver should be mandatory

KiwiSaver architect Sir Michael Cullen says the scheme should be made compulsory to prevent widening inequality at retirement.But Finance Minister Steven Joyce says the Government won't be forcing people to sign up to the scheme... [...]

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

Boeing unveils a drone capable of landing on an aircraft carrier, as Navy competition heats up

Boeing recently offered a first glimpse of its newest military aircraft, a large, stingray-shaped drone it hopes will win an intense Navy competition to build an uncrewed aircraft capable of landing on an aircraft carrier.Drones... [...]

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

A look at the year of bitcoin

Bitcoin came into its own this year. The digital currency - which was created nearly nine years ago - became a high flying investment vehicle, prompting much discussion about its existence, how to capitalise on [...]

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

New Year Honour: Dame Denise L'Estrange-Corbet

Denise L'Estrange-CorbetTo be a made a dame companion of the New Zealand Order of Merit When Denise L'Estrange-Corbet received an official-looking letter in the mail her first reaction was, "Oh God, what have I done [...]

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

$123m for the priciest 9 homes in 2017

Swimming pools in living areas, cliff-top sites near the city and gated properties fit for stately English manor homes are features of the most expensive homes sold in New Zealand this year.The list, compiled by [...]

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

New Year Honours: Graeme Wheeler, former Reserve Bank Governor, appointed Companion of the New Zealand Order of Merit

New Zealand's former Reserve Bank Governor Graeme Wheeler has been made a Companion of the New Zealand Order of Merit for his services to the state.The 66-year-old, who was head of the Reserve Bank from [...]

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

New Year Honours: Frances Valintine, founder of Tech Futures Lab, appointed Companion of the New Zealand Order of Merit

Frances Valintine wants all New Zealanders to be ready for a digital future."For over 20 years I felt that I was a bit of a lone wolf, slowly trying to change the conversation, looking at [...]

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

Investment banker, philanthropist Bill Birnie made CNZM

Former rich lister Bill Birnie has been recognised in the New Year Honours for putting his financial prowess towards many worthy causes.The investment banker and philanthropist was made a companion of the New Zealand Order [...]

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

China offers tax break to keep investors after US changes

BEIJING (AP) — China is responding to Washington's tax overhaul by offering foreign companies a break on Chinese taxes in a bid to retain investment.The measure announced late Thursday is Beijing's first major reaction to [...]

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

New Zealand's wealthiest man Graeme Hart nearly $2 billion richer than last year

New Zealand's richest person Graeme Hart added nearly $2 billion to his fortune in 2017, according to the latest Bloomberg Billionaires Index.The owner of Auckland-based private equity firm Rank Group saw his net worth jump [...]

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

NZ dollar heads for 1.9 per cent gain in 2017 after December boost

The New Zealand dollar is heading for a 1.9 per cent gain against the greenback in 2017 after getting a 1 per cent boost in a holiday-shortened week as the US dollar remains on the [...]

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

Competition in Kiwi ice cream industry heats up

New Zealand is the second largest consumer of ice cream per capita in the world, consuming a whopping 23 litres per year.Expenditure on ice cream and other edible ices totalled $381 million in the year [...]

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

SoftBank group acquires major stake in Uber

NEW YORK (AP) — A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare at the troubled ride-hailing company and strengthening the hand of CEO [...]

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

Found him! Facebook appeal reunites worker with pay packet left in pub before Christmas

A Polish builder who left his pay packet in a pub just four days before Christmas has miraculously been reunited with his wages after an appeal was put on social media.Mick Dore, 51, the landlord [...]

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

How bitcoin is helping far right extremists

After the bloody Unite the Right rally in the United States town of Charlottesville in August, technology companies tightened rules against hate speech and banned many extremists from using Web hosting services, social media platforms... [...]

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

Solutions to homelessness come with their own challenges

Many experts say homelessness is not an intractable problem.A national focus on housing veterans and people who have long been homeless has made a difference, for example. But methods to end it or significantly reduce [...]

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

Why robots aren't coming for your job: think tank

Embracing greater automation is vital to reap the full productivity benefits offered by technology and offer much-needed wage rises, UK think tank IPPR says.An "accelerated trajectory" of automation could raise productivity growth... Source: NZ Herald [...]

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

Ten ways tech will change your life in 2018

As I look into my crystal ball at what new technologies are most likely to shape our lives in the next 12 months, I see science-fiction dreams coming to life: glasses that mix reality and [...]

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

Postcard from Pyongyang: The airport now has Wi-Fi, sort of

PYONGYANG, North Korea (AP) — North Korea is one of the least Wi-Fi-friendly countries in the world. Having a device that emits Wi-Fi signals can result in detention and a major fine. Worse, if you [...]

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

NZ shares rise on Tourism Holdings, Sky TV gains

New Zealand shares rose in subdued holiday trading, keeping the S&P/NZX 50 Index on track for an annual gain of about 22 per cent, as US tax cuts lifted sentiment for equities and for companies [...]

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

NZ dollar rises in thin trading as US dollar remains weak

The New Zealand dollar rose in very thin trading as it continued to benefit from ongoing US dollar weakness and a lift in commodity-linked currencies. The kiwi rose to 70.75 US cents as at 5pm [...]

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

Three Chinese hotels exposed for using toilet brushes to clean cups, basins

Three well-known hotels in northeastern China have failed basic hygiene checks after cleaning staff were filmed using the same brush to clean lavatories, wash basins and even crockery, state media has reported.The municipal watchdog... Source: [...]

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

Aussie unions campaign to fight 'casualisation' of Australia's workforce

Aussie bosses have been accused of hiring "fake casuals" in a bid to lower wages and cut working conditions.The claims come as Australian unions prepare to fight against the rise of casual employment, which they [...]

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

US stocks mount milestone-shattering run in 2017

Taken a look at your stock portfolio lately? It's a good bet it's racked up solid gains this year.Wall Street has taken stock investors on a mostly smooth, record-shattering ride in 2017. The major stock [...]

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

Verdict pending in lawsuit over 2011 Guyana plane crash

HARTFORD, Conn. (AP) — A federal judge is considering whether an airline company should pay damages to a Connecticut woman injured in a plane crash in Guyana, South America, in 2011.Judge Michael Shea in Hartford [...]

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

Small retailers capitalized on strengths for holiday season

NEW YORK (AP) — Independent retailers who've had a successful holiday season say they took advantage of the fact that there are strengths in not being huge.Store owners report they were able to change pricing [...]

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

Shell, Barclays say US tax plan means billions in 4Q charges

LONDON (AP) — Two major European companies, oil producer Shell and Barclays bank, say the U.S. tax reform law will force them to take big charges in the last quarter of the year.Shell said Wednesday [...]

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

2017 winners and losers: Amazon, Boeing soared; GE plunged

NEW YORK (AP) — It was a strong year for the stock market, but 2017 was a great year if you made airplanes (think Boeing), were an online juggernaut (Amazon) or built homes (KB Homes). [...]

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

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

DUBAI, United Arab Emirates (AP) — Saudi Arabia and the United Arab Emirates have long lured foreign workers with the promise of a tax-free lifestyle.Now they plan to impose a 5 percent tax next year [...]

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

Kiwi dollar gains, hits US70.5c

The New Zealand dollar edged up against the greenback in thin holiday trading as investors remain cheered about the domestic economy.The kiwi increased to US70.46 cents as at 5pm in Wellington from US70.32c as at [...]

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

World's smallest island – Just Room Enough Island – is size of a tennis court

The world's smallest inhabited island is aptly named Just Room Enough Island for a good reason.That's because the tiny speck of land off Alexandria Bay in New York state has just enough room for a [...]

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

Cooking the Books podcast: Where to start when you're drowning in debt

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's where to start if you're in debt. Hosted by Frances Cook. This episode is one [...]

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

Treasury issues sanctions against 2 North Korean officials

WASHINGTON (AP) — The U.S. Treasury Department issued sanctions Tuesday against two officials it describes as "key leaders of North Korea's unlawful weapons programs."The sanctions against Kim Jong Sik and Ri Pyong Chol block them... [...]

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

Cost of Christchurch central city residential development 'too high'

The high cost of developing and buying in Christchurch's central city has again been identified as stumbling blocks to repopulating the area.City councillors yesterday voted to begin a new programme of work aimed at accelerating... [...]

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

How small and medium businesses are planning to combat Amazon, increased competition

Amazon's launch in Australia brings the retail giant closer in proximity to New Zealand, putting many small businesses on edge. While some fear the ramped up competition, many business owners are gearing up to go [...]

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

US industries can start counting their benefits from tax law

WASHINGTON (AP) — Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some [...]

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

California gets ready to ignite cannabis culinary-arts scene

SAN DIEGO (AP) — The sauvignon blanc boasts brassy, citrus notes, but with one whiff, it's apparent this is no normal Sonoma County wine. It's infused with THC, the psychoactive ingredient in marijuana that provides [...]

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

Media face challenges in rush to sexual misconduct reckoning

NEW YORK (AP) — Talk-show host Tavis Smiley isn't just angry at PBS for firing him on sexual misconduct charges. He's angry about his depiction in the media.Smiley believes that if he hadn't talked publicly [...]

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

Asian shares mixed in post-Christmas trading

BEIJING (AP) — Major Asian stock markets were mixed Tuesday in light trading after the Christmas holiday.The Shanghai Composite Index gained 0.3 percent to 3,290.38 and Tokyo's Nikkei 225 shed 0.2 percent to 22,887.56.Seoul's... Source: [...]

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

JetBlue plane slides off taxiway at Boston's Logan Airport

BOSTON (AP) — Airline officials say a JetBlue Airways plane slid off of the taxiway at Boston's Logan Airport.Officials say JetBlue Flight 50 from Savannah, Georgia, briefly skidded when it landed around 7:15 p.m. Monday. [...]

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

America's trade wars heat up as US companies sue competitors

US companies are bringing new trade lawsuits against their foreign competitors with a scope and frequency not seen in more than 15 years, government documents show, as a wave of new complaints builds under President [...]

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

No bitcoin bounce back

Bitcoin, the biggest cryptocurrency, hasn't bounced back after last week's price tumble and is trading for around US$14,000 ($19,900).After testing the US$20,000 milestone on December 17, bitcoin spent last week in decline before... Source: NZ [...]

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

Analysts lower iPhone X shipment projections for early next year

Apple looks like it's having a not-so Merry Christmas.Analysts have lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season.Sinolink... [...]

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

Big labor sees growth potential in California pot workers

GOSHEN, Calif. (AP) — Unions have caught a whiff of a rare opportunity to organize a whole new set of workers as recreational marijuana becomes legal in California.The United Farm Workers, Teamsters and United Food [...]

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

Foreign ownership of NZX rises in 2017

Foreign ownership of the New Zealand stockmarket rose in 2017, according to research by wealth manager JBWere.The finance firm's annual Equity Ownership Survey found offshore investors pushed foreign ownership to 37.9 per cent from... Source: [...]

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

Summer questions: Synlait Milk founder and chief executive John Penno

Business leaders discuss the year just gone and what will affect them in 2018. Today: Synlait Milk founder and chief executive John Penno. What is 2018 looking like for your business? 2017 was very busy [...]

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

Deals galore as retailers embrace bargains on Boxing Day

Prices have been slashed by up to 70 per cent at some of New Zealand's biggest stores today for what's expected to be the biggest shopping day of the year.The five Westfield shopping centres across [...]

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

Ken Stevens: America's Cup showcase to world

• Sir Ken Stevens is chairman of ExportNZ and executive chairman of Glidepath Group For all the hundreds of millions of dollars and thousands of jobs that the America's Cup will bring to New Zealand, [...]

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

Asian shares mixed in quiet Christmas trading

TOKYO (AP) — Shares were mixed in quiet trading Monday in the few Asian markets open during the Christmas holiday.Japan's Nikkei 225 index gained 0.2 percent to 22,943.43 by early afternoon, while the Shanghai Composite [...]

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

UNESCO recognizes Panama's hats _ no, not those ones

LA PINTADA, Panama (AP) — Cultural authorities at UNESCO have recognized the artisans of Panama for their distinctive woven hats. No, not those hats; the famed "Panama hat" comes from Ecuador.Panama's real contribution to the [...]

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

Asian shares mostly lower in quiet Christmas trading

TOKYO (AP) — Shares were lower in quiet trading Monday in the few Asian markets open during the Christmas holiday.Japan's Nikkei 225 index was down less than 0.1 percent at 22,887.89, while the Shanghai Composite [...]

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

Tortured home helper Erwiana Sulistyaningsih gets $146k payout

Tortured former domestic worker Erwiana Sulistyaningsih on Thursday prevailed in her two-year legal bid to claim HK$809,430 ($146,000) in damages from her abusive employer, with a judge calling her mistreatment "inhumane, degrading... Source: NZ Herald [...]

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

The Last Jedi still dominating the movie galaxy

Star Wars: The Last Jedi" is continuing its dominance over the movie galaxy, outpacing three new releases. The eighth installment in the Disney-owned space saga is expected to have added nearly $US69 million ($98.2m) to [...]

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

'Star Wars: The Last Jedi' still dominating the movie galaxy

LOS ANGELES (AP) — "Star Wars: The Last Jedi" is continuing its dominance over the movie galaxy as expected, outpacing three new releases. The eighth installment in the Disney-owned space saga is expected to add [...]

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

For 62nd year, NORAD takes calls from kids awaiting Santa

PETERSON AIR FORCE BASE, Colo. (AP) — Hundreds of volunteers at an Air Force base in Colorado were answering questions on Sunday from eager children who wanted to know where Santa was on his Christmas [...]

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

Iraq plans new Kirkuk-Ceyhan oil pipeline

BAGHDAD (AP) — Iraq on Sunday invited companies to submit statements of interest in building a new pipeline from the northern city of Kirkuk to Turkey's Mediterranean port of Ceyhan.The new 350-kilometer (220-mile) pipeline will... [...]

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

Supermarkets chocka on Xmas Eve – and asparagus running dry

Shoppers have been flocking to supermarkets to stock up their fridges before Christmas - but they might be out of luck trying to get asparagus for the big day.One Auckland resident went to her local [...]

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

Is the Maldives worth the eye-watering cost?

When I first sat down with my fiance to map out our honeymoon plans, there was one location that she just couldn't let go of: The Maldives."Oh sh*t," I thought. Not because I didn't want [...]

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

Pumping oil price may come at a cost

The oil market by nature is binary: buyers collide with sellers, bulls battle bears. But as 2017 draws to an end, the market is divided once again: between those who believe the world's largest oil [...]

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

Why gold is losing its lustre as an investor safe haven

The financial crisis is easy to spot on graphs. Often it's a great crater on a steadily climbing slope. For gold prices, however, it's a sheer mountain face that peaks in 2011.Gold prices soared in [...]

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

Christmas Eve airport angst as Jetstar delays flights

Domestic and international travellers are facing an anxious Christmas Eve with some flight delays.Passengers travelling from Auckland to Wellington with Jetstar have been left frustrated after a four-hour delay was put on their... Source: NZ [...]

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

One more thing to ask Alexa: Where's Santa on Christmas Eve?

DENVER (AP) — Alexa, where's Santa?Amazon's diligent, computerized know-it-all is the latest technology to enlist in NORAD Tracks Santa, the military-run program that fields phone calls and emails from children around the world... Source: NZ [...]

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

California's top marijuana regulator talks legalization

LOS ANGELES (AP) — California's legal pot market opens for business on Jan. 1. The day will be a milestone, but what exactly will happen then and, especially, in the weeks and months to come [...]

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

Kmart to pay $32.3 million to settle prescription drugs case

WASHINGTON (AP) — Kmart Corp. has agreed to pay $32.3 million to settle allegations its pharmacies caused federal health programs to overpay for prescription drugs by not telling the government about discounted prices.The U.S. Department... [...]

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

From condemned to luxury living: the rebuilding on Russell Street

A once run-down villa with no working bathroom or kitchen, rotten floorboards and labelled a fire hazard has been transformed into one of the smartest homes on the block.Nestled on one of the best streets [...]

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

Teacher cuts finger, still wins Food Network cookie contest

BOURNE, Mass. (AP) — A Massachusetts teacher is one tough cookie — he cut his finger on the Food Network's "Christmas Cookie Challenge" show and still won the competition.Doug Alley lives in Rhode Island but [...]

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

Amazon apologises for 'threats' to customer

An Amazon customer says he was sent "coded death threats" by a call centre worker after he complained about a delivery issue.Former special constable Michael Jacobson received sinister book recommendations from the online retailer... Source: [...]

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

US approves 60-million ton expansion of Montana coal mine

BILLINGS, Mont. (AP) — U.S. officials have approved a 60-million ton expansion of a southeastern Montana coal mine that serves one of the largest power plants in the western United States, Interior Secretary Ryan Zinke's [...]

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

All Black Matt Duffie helps Kiwi men fix up look sharp for job interviews

All Black Matt Duffie is helping Kiwi blokes get into the workforce by making sure they have the right gear for job interviews.The former Kiwis and Melbourne Storm player has donated his suit as part [...]

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

Feds keep proposed Minnesota copper mine plan alive

ST. PAUL, Minn. (AP) — President Donald Trump's administration has resurrected an effort to build a proposed copper-nickel mine near the Boundary Waters Canoe Wilderness Area in northeastern Minnesota.In an opinion published Friday,... Source: NZ [...]

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

Fiat Chrysler recalls nearly 1.8 million trucks

Fiat Chrysler is recalling nearly 1.8 million Ram trucks mainly in North America because they can be shifted out of park without the driver's foot on the brake or possibly without the key in the [...]

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

Expanded child tax credit may not be as generous as it seems

The expansion of a child tax credit helped seal Congress' approval of the Republican tax overhaul. Sen. Marco Rubio had insisted that House-Senate negotiators allow low-income households to claim more of the child credit. And [...]

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

Belgian authorities hit gang moving cash for parallel bank

BRUSSELS (AP) — Belgian prosecutors say they've broken up a money laundering ring trying to transfer cash from Africa to set up a parallel banking system.The Crown Prosecutor's office said Friday that several raids have [...]

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

Belarus aspires to become leader in digital currencies

MINSK, Belarus (AP) — The president of Belarus has offered generous tax benefits and other incentives to information technology firms to help turn the ex-Soviet nation into a leader in digital currencies.President Alexander Lukashenko... Source: [...]

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

Toxic Trouble: Hundreds of Superfund sites face flood risks

TARPON SPRINGS, Fla. (AP) — When Anthony Stansbury moved down the street from the Anclote River in Florida last year, he didn't know his slice of paradise had a hidden problem.The neighborhood is adjacent to [...]

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

Trump signs, lauds tax overhaul, off to Florida for holidays

WASHINGTON (AP) — President Donald Trump signed the $1.5 trillion tax overhaul into law Friday, using his last moments in the White House before flying to Florida for the holidays to celebrate a much-needed political [...]

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

Joy to the weed: Marijuana legalization comes bearing gifts

PORTLAND, Maine (AP) — This Christmas is much more about reefer than wreaths for marijuana lovers.Gift-giving has long been a part of marijuana culture, and the drug's newly legal status is a source of Yuletide [...]

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

Asian shares creep higher, tracking Wall St pre-holiday lull

TOKYO (AP) — Share prices edged higher Friday morning in Asia, tracking modest gains on Wall Street. Tokyo's Nikkei 225 index added 0.1 percent to 22,893.06 following Cabinet approval of a budget plan that includes [...]

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

China jails seller of VPN services

BEIJING (AP) — A Chinese entrepreneur has been sentenced to 5 ½ years in prison for selling virtual private network service, a government newspaper said, as Beijing tries to stamp out use of technology that [...]

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

Tokyo cuts estimated tab for 2020 Olympics to $12 billion

TOKYO (AP) — The latest price tag for the 2020 Tokyo Olympics has been trimmed slightly, but is still nearly twice the initial estimate even after a major cost-cutting effort.The organizers said Friday that the [...]

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

Bitcoin price tumbles 25% – is the incredible rise over?

Bitcoin has tumbled, losing a quarter of its value this week as investors turn against the cryptocurrency.The value of bitcoin had soared, peaking at US$18,674.5 on Monday, but is now trading at US$13992.5 - a [...]

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

Bitter sweet: 80 more Cadbury staff finish work today

Another 80 Cadbury staff leave the Dunedin factory today.Site manager Judith Mair thanked workers for ensuring the factory was a "high-performing site" in Mondelez's network."[Today] will be a chance for us all to come together... [...]

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

Trump administration halts study of offshore oil inspections

The Trump administration is halting an independent scientific study of offshore oil inspections by a federal safety agency created after the 2010 spill in the Gulf of Mexico. The National Academies of Sciences, Engineering... Source: [...]

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

Catalan authorities say voter turnout up by more than 5 percent after 9 hours of balloting in crucial regional election

BARCELONA, Spain (AP) — Catalan authorities say voter turnout up by more than 5 percent after 9 hours of balloting in crucial regional election. Source: NZ Herald Business News

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

FCC proposes $13.4M fine for TV-station owner Sinclair

NEW YORK (AP) — The Federal Communications Commission has proposed a $13.4 million fine on TV-station owner Sinclair for not identifying paid programming as advertising.Sinclair Broadcast Group Inc. is one of the country's largest... Source: [...]

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

Got a toy that can spy? Here's how to know and what to do

NEW YORK (AP) — The toys your kids unwrap this Christmas could invite hackers into your home.That Grinch-like warning comes from the FBI, which said earlier this year that toys connected to the internet could [...]

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

MBIE error shows hosting America's Cup 'barely worth it': NZ Initiative

Hosting the America's Cup in Auckland would be "barely worth it", says the New Zealand Initiative after the Government was forced to drastically reduce its cost-benefit analysis.The Ministry of Business, Innovation and Employment... Source: NZ [...]

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

South Korean Media: Nut rage executive to avoid jail time

SEOUL, South Korea (AP) — Local media reports say the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight in 2014 will avoid jail as South Korea's top court upheld her suspended [...]

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

Local media: Nut rage executive to avoid jail time as South Korea's top court upholds suspended jail term

SEOUL, South Korea (AP) — Local media: Nut rage executive to avoid jail time as South Korea's top court upholds suspended jail term. Source: NZ Herald Business News

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

Ford, Mazda warn drivers long grass can set utes on fire

Ford and Mazda have issued an urgent warning to owners of Ranger and BT-50 utes built since July 2016 to not drive over long grass during the summer break after cars caught fire or began [...]

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

Sharemarket falls in last full day of trading before Christmas

New Zealand shares fell, led lower by Freightways and Kathmandu Holdings in the last full day of trading before Christmas, while Comvita, Synlait Milk and Moa Group gained.The S&P/NZX50 Index decreased 19.12 points, or 0.2 [...]

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

The Latest: Crews work to clear train wreckage

DUPONT, Wash. (AP) — The Latest on the deadly Amtrak train derailment in Washington state (all times local):10:00 a.m.Crews are working to finish clearing the wreckage from a deadly Amtrak derailment that closed a portion [...]

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

Risk for middle class: That GOP tax cuts could fade away

WASHINGTON (AP) — It's a Christmas gift the middle class might want to give back in a few years.The Republican tax plan bestows an initial infusion of cash on nearly every taxpayer next year. That [...]

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

SpaceX unveils new Falcon Heavy rocket before January launch

CAPE CANAVERAL, Fla. (AP) — SpaceX has unveiled its new Falcon Heavy rocket a month before its first launch.Photos released Wednesday by SpaceX chief executive Elon Musk show the new rocket inside its Florida hangar. [...]

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

John Berry: KiwiSaver firms weak on responsible investment

KiwiSaver investors care if their savings cause environmental or social harm. And many more would care if major fund managers backed up their commitments to responsible investment with action.A Westpac survey released last week... Source: [...]

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

Lebanon minister calls Uber unsafe after Briton's murder

BEIRUT (AP) — Lebanon's interior minister warned on Wednesday against using Uber after a driver for the ride-hailing service was arrested in connection with the murder of a British woman who worked at the U.K. [...]

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

Michael Morton and Julie Leitch to buy back Mad Butcher for $8 million

Veritas Investments has agreed to sell its Mad Butcher franchisor business to chief executive Michael Morton for $8 million, less than a quarter of what he sold it to the food and beverage investor for [...]

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

Get Sorted: Charity shopping at year's end

Here's a remarkable figure: $3,580. It's striking because it's apparently the donation amount it takes to save a life overseas . Most of us probably don't have that amount lying around the house, but it [...]

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

Senate passes 1st major rewrite of US tax code in 31 years, setting stage for final House vote on Wednesday

WASHINGTON (AP) — Senate passes 1st major rewrite of US tax code in 31 years, setting stage for final House vote on Wednesday. Source: NZ Herald Business News

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

Vietnam police probe oil executive in widened crackdown

HANOI, Vietnam (AP) — Vietnamese police have officially started investigating a former chief executive of state-owned energy giant PetroVietnam amid a widened crackdown on corruption.The Ministry of Public Security said in a statement... Source: NZ [...]

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

Bankrupt butcher misled lender about stash of gold

A bankrupt Auckland butcher pleaded guilty to making a false statement about having a stash of gold bars worth some $150,000 when applying for credit.Sushil Kumar Sharma is awaiting sentence having admitted managing a business [...]

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

Tegna buys San Diego's KFMB-TV, radio stations for $325M

SAN DIEGO (AP) — The owner of KFMB-TV, San Diego's CBS 8 television station, and 760-AM talk radio station says it is selling its holdings to publicly traded Tegna Inc. for $325 million in cash.The [...]

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

Will tax plan turn cash-hoarding companies into spenders?

NEW YORK (AP) — Big U.S. companies have been piling up cash for years, but have spent little of it on buying equipment and raising wages and other things to grow the economy.Republicans say they [...]

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

Amazon may get into banking: expert

Amazon's entry into the financial sector could come sooner rather than later. Bankers beware.CFRA bank analyst Ken Leon in the US says that online giant may acquire a small or mid-size bank in 2018 to [...]

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

Nebraska panel denies request to amend Keystone XL ruling

LINCOLN, Neb. (AP) — A Nebraska commission that approved a route for the Keystone XL pipeline through the state is declining requests to amend its decision.The Nebraska Public Service Commission on Tuesday denied motions by [...]

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

Insurer Humana pushes into delivery of health care

Humana will buy part of Kindred Healthcare's home health business, the latest example of a health insurer growing more involved in the delivery of health care on top off simply handling medical bills.The insurer said [...]

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

Five of the hottest tech trends ahead in 2018

Tech gadgets with new capabilities are released all the time, but what are the technologies that will shape – and improve – our lives in the coming year? We take a look at trends from [...]

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

Scientists hope to inject robo-cat with AI to help seniors

PROVIDENCE, R.I. (AP) — Imagine a cat that can keep a person company, doesn't need a litter box and can remind an aging relative to take her medicine or help find her eyeglasses.That's the vision [...]

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

Asian stocks mixed after Wall Street gains on tax cut hopes

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street gained on growing investor certainty U.S. lawmakers will approve tax changes.KEEPING SCORE: The Shanghai Composite Index rose 0.6 percent to 3,287.48 while... Source: [...]

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

Global defence spending to hit its highest level since the Cold War

Growing global tensions mean - defence spending is about to hit its highest level since the Cold War peak of the Eighties.Data prepared exclusively for The Daily Telegraph by IHS Markit Jane's defence analysts forecast [...]

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

Japan Maglev contractors raided in bid rigging probe

TOKYO (AP) — Prosecutors have raided the headquarters of several of Japan's biggest construction companies in an investigation into alleged collusion on bids for a multibillion dollar high-speed maglev train line.News reports Tuesday... Source: NZ [...]

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

More than 1700 people apply for 100 jobs at Rotorua's Kmart

More than 1700 people have applied for 100 jobs at Rotorua's Kmart.Kmart management has described the response to the vacancies as "incredible".The fight for the jobs could get even tougher with applications for the roles [...]

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

Don Brash joins Hawke's Bay's Stewart Group as advisory board member

Former Act Party leader and former Minister of Finance Don Brash has been appointed to a new Hawke's Bay-based role with the Stewart Group.The Hawke's Bay financial advisory firm and associated company Boutique Advisers Alliance... [...]

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

Clashes as Argentina Congress debates pension reform

BUENOS AIRES, Argentina (AP) — Clashes between police and demonstrators have erupted outside Argentina's Congress as lawmakers debate a controversial pension reform measure.The protesters have been throwing bottles, rocks and at... Source: NZ Herald Business [...]

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

Sulphur Point site approved for marine research centre

A new marine research and education facility planned for Tauranga could be "worth tens of millions of dollars to the region's economy", an economic development expert says. Yesterday a council committee gave the University of [...]

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

Malls beef up dining, entertainment options to boost traffic

LOS ANGELES (AP) — Shoppers braving the mall this holiday season may notice more that's new than the day's discounts.Many mall owners are spending billions to add more upscale restaurants and bars, premium movie theaters [...]

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

China back-pedals on coal ban as schoolchildren freeze

It's not easy being an eco-warrior, even if you are the president of China. When he stood up in the Great Hall of the People in October to deliver his three-and-a-half-hour agenda-setting speech to the [...]

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

Fresh Prince – or wince? Public Trust's end of year rap video

This is a story all about how one company turned Christmas upside down.Christmas is a time for sharing, and one New Zealand company has shared its hilarious year-end review video with the world. In a [...]

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

Mark Hamill fires up lightsaber to save the internet

Among the many potential consequences of the Federal Communications Commission's repeal of net neutrality, perhaps none was as unpredictable as a Star Wars marquee actor questioning the Jedi worthiness of the commission's chairman.But... Source: NZ [...]

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

Asian markets mostly higher on upbeat Japan trade data

TOKYO (AP) — Share prices were mostly higher in Asia on Monday, lifted by robust trade data from Japan that suggest a sustained recovery in demand in China and other major markets. Last week's strong [...]

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

Gap opens between consumer and business confidence

A yawning gap is opening up between consumer and business confidence.ANZ said consumer confidence dipped slightly in December for the third month in a row, but remained robust despite a cooling property market.That's in stark... [...]

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

Google facing a new battle with watchdogs

Google is facing a new battle with Brussels as its opponents gear up to challenge the internet behemoth's "inadequate" response to a record monopoly fine.Several of Google's rivals have held meetings with Margrethe Vestager, Europe's... [...]

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

Will the Whopper be delivered? "Working on it," CEO says

NEW YORK (AP) — Burger King. Tim Hortons. Popeyes. All three fall under the same person, Daniel Schwartz, the CEO of their parent company Restaurant Brands International Inc. His strategy: spread those fast-food chains around [...]

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

Small Business: Cooking up a storm in with Jax Hamilton – Jax Food Hax

Christchurch-based chef and TV personality Jax Hamilton talks about food creations, her latest video series and how she runs her unconventional business. What does your business do? I'm an innovator in food and digital content.... [...]

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

No early Xmas present expected for Grant Robertson, GDP growth expected to be tepid

If Finance Minister Grant Robertson expects this week's GDP data to deliver him a new bicycle for Christmas, he had better reckon on a box of crayons instead.That's if bank economists' September quarter forecasts of [...]

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

US Crime-fighting robot gets rolled out of town

Like so many classic Western anti-heroes before him, he rolled (literally) into town with a singular goal in mind: cleaning up the streets, which had become a gritty hotbed of harassment, vandalism, break-ins and grift.The [...]

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

Treasury warns of unintended consequences on foreign buyer ban

Treasury has warned the Government that its rush to ban overseas people from buying existing New Zealand homes may have "sub-optimal" or "unintended consequences".And it further questions the benefit to the general public, saying... Source: [...]

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

Millionaire sells $20 raffle tickets for his mansion

A millionaire is holding a competition to give away his £2.3 million ($4.4m) mansion for £10.50 ($20.16) a ticket - complete with a Rolls Royce, a stocked wine cellar, a gardener and a housekeeper.The four-bedroom [...]

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

Three hundred passengers fall ill with norovirus on world's largest cruise ship

It was supposed to be a relaxing five-day jaunt aboard the world's largest cruise ship, Independence of the Seas - travel, adventures and good food in the Caribbean while most of the country was shivering [...]

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

Odebrecht: No sign dealings with Peru's president illegal

LIMA, Peru (AP) — The Brazilian construction giant at the center of Latin America's largest corruption scandal says there is no indication the payments made to a consulting firm owned by Peruvian President Pedro Pablo [...]

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

Riot Foods crowdfunding $1m to kit out second factory, meet demand

Riot Foods, the umbrella company which owns CleanPaleo and other food brands, is crowdfunding $1 million for equipment for its second factory.The company, which was founded by Ryan Kamins and television personality Art Green in... [...]

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

The Latest: Trump defends tax cuts as good for middle class

WASHINGTON (AP) — The Latest on the tax plan in Congress (all times local):1 p.m.President Donald Trump is defending the Republicans' tax cut plan, pushing back against criticism that it will benefit the wealthy more [...]

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

US, Canada to begin talks in 2018 on Columbia River deal

SPOKANE, Wash. (AP) — Members of Congress from Washington state are praising the decision to start negotiations early next year over the future of a half-century-old agreement between the United States and Canada that governs [...]

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

Major media players start commission for sexual misconduct

LOS ANGELES (AP) — The biggest figures and institutions in entertainment have established a commission to be chaired by Anita Hill that intends to combat sexual misconduct and inequality in the industry in the wake [...]

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

As Bitcoin, other currencies soar, regulators urge caution

NEW YORK (AP) — The public's interest in all things bitcoin and efforts by entrepreneurs to fund their businesses with digital currencies is starting to draw more attention from regulators.The head of the Securities and [...]

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

Diana Clement: 10 reasons to buy gift cards

Ho, ho, ho, six days to go. Christmas shopping is down to its final days, but apparently a lot of presents we buy are never used.Gift cards make a lot of sense. I know some [...]

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

Taken to the cleaners – why I regret buying bitcoin

Bitcoin has been hailed as "Gold 2.0" due to its revolutionary technology which combines currency with payment system. But there's a bit of a problem. For a currency supposedly designed to prevent the little guy [...]

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

Fewer frost days forecast as Central Otago climate changes

If changes in climate in Central Otago occur as projected, then many of the region's orchardists will be able to sleep through the spring nights.Bodeker Scientific's report ''The past, present and future climate of Central [...]

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

Shoppers storm Aldi supermarkets in Australia to snap up a bargain vacuum cleaner

Blink and you would have missed it.If you arrived just 30 seconds after Aldi opened its doors on Saturday morning, you would've failed to grab one of their most sought after item of the year [...]

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

Low snow-pack levels will affect Meridian Energy's ability to create power

Meridian Energy's snow-pack is the furthest below average Forsyth Barr has seen, Forsyth Barr broker Damian Foster says.In theory there was only 305 gigawatt hours (GWh) worth of snow-melt to go into the lakes, 833GWh [...]

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

Highlights of GOP compromise bill to overhaul tax code

WASHINGTON (AP) — Republicans in Congress have blended separate tax bills passed by the House and Senate into compromise legislation that seeks to achieve a sweeping overhaul of the nation's tax code. GOP leaders are [...]

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

NOT REAL NEWS: A look at what didn't happen this week

A roundup of some of the most popular, but completely untrue, headlines of the week. None of these stories are legit, even though they were shared widely on social media. The Associated Press checked these [...]

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

NASA drops replica Orion spacecraft to test parachutes

YUMA, Ariz. (AP) — NASA says it successfully tested the Orion spacecraft's parachutes by dropping a replica spacecraft from an Air Force transport aircraft over a desert test site in southwestern Arizona.The Friday morning test... [...]

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

Yacht club settles alleged bias lawsuit by Muslim couple

NEW HAVEN, Conn. (AP) — A Connecticut yacht club has settled a lawsuit by a Muslim businessman and his wife who said club board members rejected their membership application because of their religion and falsely [...]

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

Court rules for AP in reporter impersonation document fight

WASHINGTON (AP) — A federal appeals court has sided with reporters in a court fight over documents that began after an FBI agent pretended to be an Associated Press journalist while investigating bomb threats at [...]

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

Berlin's much-delayed new airport slated to open in 2020

BERLIN (AP) — Officials say they plan to open Berlin's new airport, a project notorious for repeated delays, in 2020 — nearly a decade after it was first slated to start operations.News agency dpa reports [...]

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

Asian stocks mostly lower as US tax bill uncertainty weighs

HONG KONG (AP) — Asian share benchmarks were mostly lower Friday as uncertainty over U.S. tax reform legislation outweighed upbeat data from Japan.KEEPING SCORE: Japan's benchmark Nikkei 225 index dipped 0.6 percent to 22,553.22... Source: [...]

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

What the FCC rollback of 'net neutrality' means to you

Now that the federal government has rolled back the internet protections it put in place two years ago, the big question is: What does the repeal of "net neutrality' rules mean to you?In the short [...]

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

Workplace romance under spotlight after sex scandals

NEW YORK (AP) — The minefield that co-workers and companies navigate when it comes to love at work has gotten even more complex following the recent flood of sexual misconduct allegations roiling Hollywood, politics and [...]

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

NZ shares rise, Comvita and Trilogy jump while Xero drops

New Zealand shares gained in heavy turnover as Xero dropped on leaving the benchmark index, while Comvita and Contact Energy gained.The S&P/NZX50 Index rose 0.4 per cent, or 37.11 points, to 8,360.86. Within the index, [...]

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

NZ dollar heads for 2.4 per cent weekly gain on Orr appointment, weaker USD

The New Zealand dollar is headed for a 2.4 per cent weekly gain against the greenback after getting a solid lift on news of a new central bank governor and benefiting from US dollar weakness.The [...]

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

AP Explains: What is net neutrality and why does it matter?

NEW YORK (AP) — "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. On Thursday, the [...]

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

Brazil's Temer fails to get pensions reform vote this year

SAO PAULO (AP) — A pension reform that's key to the economic agenda of Brazilian President Michel Temer won't come to a vote this year — lowering the chances he can get it passed before [...]

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

Dakota Access developer, publication argue over lawsuit

BISMARCK, N.D. (AP) — The Texas-based developer of the Dakota Access oil pipeline and a Florida-based environmental publication are arguing in court over whether something billed as a social movement can be sued.Energy Transfer... Source: [...]

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

PBS statement on Tavis Smiley misconduct allegations

PBS released a response Thursday to a statement by talk show host Tavis Smiley after the network cut ties with him over allegations of misconduct:"Following receipt of a complaint, PBS hired an independent law firm [...]

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

More than 200 people sickened onboard Ovation of Seas cruise

More than 200 people became sick and five were hospitalized in Australia after an outbreak of gastrointestinal illness aboard a cruise ship earlier this month.Symptoms were reported by 209 guests among the 5,796 people aboard [...]

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

Bank of England set to hold rates after first hike in decade

LONDON (AP) — The Bank of England is set to keep its main interest rate unchanged at 0.50 percent on Thursday, a month after increasing borrowing costs for the first time in a decade to [...]

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

Australian central bank mulls setting up cryptocurrency

By now we all know about bitcoin and its very good year. It has gone up around 2000 per cent and at the time of writing a single Bitcoin was trading for more than US$17,000 [...]

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

NZ shares up, Scales and A2 rise while Sky TV falls

New Zealand shares gained, led by Scales Corp and A2 Milk Co, while Sky Network Television dropped again.The S&P/NZX50 Index increased 39.17 points, or 0.5 per cent, to 8,323.75. Within the index, 27 stocks rose, [...]

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

NZ dollar falls v Aussie on strong Australian jobs, still firm against greenback

The New Zealand dollar fell against its Australian counterpart after jobs figures across the Tasman beat expectations, but held near a two-month high against a weaker greenback after the Federal Reserve continued to signal muted [...]

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

US teen saves dad's bakery from closing down thanks to one viral tweet

A US teen has saved her father's bakery from closing down after her single tweet went viral.The bakery, La Casa Bakery & Cafe in Houston, Texas, which opened two years ago had been struggling since [...]

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

Cellphone company T-Mobile to launch TV service next year

NEW YORK (AP) — T-Mobile says it's launching a TV service next year, becoming the latest company to marry wireless and video.The nation's No. 3 wireless carrier said Wednesday that it bought cable-TV startup Layer3 [...]

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

Starbucks Wi-Fi caught mining for bitcoin

Did you know that when you're logging into the Wi-Fi at Starbucks, you could have code installed on your laptop that is used to mine for bitcoin.This is what recently happened to one man who [...]

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

Venezuelans seeing bitcoin boom as survival, not speculation

CARACAS, Venezuela (AP) — In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business in Venezuela — all in bitcoin.As [...]

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

The Latest: Sources say deal reached on tax overhaul

WASHINGTON (AP) — The Latest on the Republican tax overhaul (all times local):11:56 a.m.House and Senate GOP leaders have forged an agreement on a sweeping overhaul of the nation's tax laws. That paves the way [...]

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

Future Napier Port funding up for discussion

Future funding of Napier Port's development, protecting investments, and getting more bang for the Hawke's Bay ratepayer's buck have been addressed in a new report, which will affect what happens in the region until 2028. [...]

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

North Korea on the hunt for bitcoins

Kim Jong-un is a bitcoin fan.As the worldwide mania continues, experts have warned the brutal North Korean regime is taking a keen interest in getting its hands on as much bitcoin as possible — through [...]

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

Big Read: China lacks talent to become powerhouse in artificial intelligence

David Wei's employer, a Beijing-based artificial intelligence start-up, doubled his previous salary and offered share options to entice him to come and work on the company's AI-powered software for the legal industry.That was eight... Source: [...]

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

Legislation to ban foreigners from buying existing homes will be introduced tomorrow

Legislation to ban foreigners from buying existing homes will be introduced tomorrow - although some non-residents and citizens will be allowed to buy property.Housing Minister Phil Twyford and Land Information Minister Eugenie... Source: NZ Herald [...]

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

A2 Milk helps lead sharemarket to record high

New Zealand shares edged up to a new record, led by stock market operator NZX and as investors changed their tune on a2 Milk Co late in the day. Air New Zealand fell on disappointing [...]

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

Indonesia politician's graft trial delayed by stomach woes

JAKARTA, Indonesia (AP) — A top Indonesian politician accused of involvement in one of the country's biggest corruption scandals told a court on the first day of his trial he's suffering a stomach complaint, forcing [...]

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

Asian shares fall back as investors cautious over Fed, China

TOKYO (AP) — Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. Markets are awaiting the Federal Reserve meeting on Wednesday and the outcome [...]

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

Future cities will adapt like living organisms: Alibaba tech expert

Wang Jian was once called crazy by Jack Ma Yun, the founder and executive chairman of Alibaba Group Holding, for suggesting that the company can have its own mobile operating system.That vision, however, proved prescient [...]

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

Rocket Lab lift-off aborted with two seconds to go, Thursday launch scheduled

Rocket Lab is targeting Thursday for another launch attempt after its Electron rocket lift-off was aborted today with two seconds to go.The company said the vehicle ''performed a safe auto-sequence abort'' as sensors were not [...]

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

New Zealand dollar gaining ground versus Aussie

The New Zealand gained against the Aussie after disappointing business confidence across the Tasman and extended its gains against the greenback on speculation Adrian Orr will make a more hawkish next governor of the Reserve [...]

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

Sky TV leads sharemarket higher

New Zealand shares were mixed, as Xero dropped ahead of its departure from the benchmark index and Metlifecare led retirement stocks lower, while Sky Network Television and Fisher & Paykel Healthcare rose.The S&P/NZX50 Index edged... [...]

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

Tribes decry proposal for co-management of Utah monument

FLAGSTAFF, Ariz. (AP) — President Donald Trump's decision to drastically reduce and break up a national monument in Utah wasn't the only blow Native American tribes say they were dealt last week.The proclamation Trump signed [...]

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

Mario Batali steps down from restaurant empire after sexual misconduct allegations

Mario Batali has surrendered oversight of daily operations at his restaurant empire following reports of sexual misconduct by the celebrity chef over a period of at least 20 years.The online site Eater New York, part [...]

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

Republicans accused of 'cover-up' over benefits of US tax cuts

The US Treasury Department just gave Republicans ammunition that their tax cuts would pay for themselves.But the one-page memo relies on a mathematical gimmick: It includes an assumption that tax cuts and other Trump administration... [...]

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

Gas driller: Make homeowner pay for disparaging us

MONTROSE, Pa. (AP) — A gas driller's ongoing feud with a Pennsylvania homeowner over the contamination of his water supply has once again entered a courtroom.Houston-based Cabot Oil & Gas Corp. claims Dimock resident Ray [...]

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

Polish media regulator fines US-owned news channel $420,000

WARSAW, Poland (AP) — Poland's media regulator has imposed a fine of nearly 1.5 million zlotys ($420,000) on a private news channel for what it alleges was unfair reporting during a political crisis last year.The [...]

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

New Reserve Bank boss Adrian Orr impresses market

The appointment of Adrian Orr as New Zealand's next Reserve Bank Governor was met with a surge in the kiwi dollar – indicating markets see the current chief executive of the NZ Superannuation Fund as [...]

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

Asian shares advance following encouraging US jobs report

TOKYO (AP) — Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday [...]

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

As bitcoin soars, warnings of a bubble proliferate

Is bitcoin in a bubble?The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000.That rocketing [...]

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

Receivers to close Kimberleys Fashions stores this week

Kimberleys Fashions retail stores will be closed this week after receivers were unable to sell the business.The company, which has nine stores across the country, was put into receivership in October, after decades in business.A... [...]

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

Meet the 6-year-old making $16 million a year reviewing toys on YouTube

While most six-year-olds are busy playing dress-ups and watching cartoons, one US kindergartener is raking in millions by reviewing toys online.Ryan, the pint-sized star of Ryan ToysReview , has just been named by Forbes as [...]

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

Reduced dairy forecast price a 'huge blow' for Northland farmers

A drop in the forecast milk price that will slash $31.5 million from their earnings is the worst possible start to the festive season for Northland dairy farmers.Dairy market volatility prompted Fonterra to announce a [...]

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

Land for 740 sections freed up in Hastings to calm house prices

More than 700 new land sections could be released for development as early as next year - with the hope of helping calm skyrocketing house prices in Hastings.After Hastings home owners last month experienced the [...]

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

'Coco' tops box office again before 'Star Wars' hits

LOS ANGELES (AP) — The animated family film "Coco" has topped the box office for a third time on a quiet, pre "Star Wars: The Last Jedi" weekend in theaters.Disney estimated Sunday that "Coco" added [...]

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

Insider Q&A: PayPal founder talks digital payments, bitcoin

SAN FRANCISCO (AP) — Max Levchin helped introduce the masses to the concept of a digital wallet when he co-founded PayPal in the late 1990s.These days, he's still trying to use online services to reshape [...]

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

Small Business: So Float idea sparked on a holiday in South of France

Dave Roberts, founder and co-owner of So Float , talks quality over quantity and how he overcame production troubles in China. What does your business do? We sell a range of bean bags that float [...]

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

Refining NZ's Marsden Point to Auckland fuel pipeline reopened after scare

The Marsden Point to Auckland fuel pipeline has been restarted after it was shut down after a scare this morning.The 170km pipeline carries fuel from Refining New Zealand in Northland to storage tanks in Wiri, [...]

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

Bulgaria has enough Bitcoin to pay off fifth of countries debt

Bulgarian police have seized enough Bitcoins to pay off a fifth of the country's national debt after the value surged by 600% in half a year.Officers are said to have confiscated hundreds of thousands of [...]

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

Interest-free loan gives woman a lifeline out of debt

A Horowhenua woman has been given a life-line to get out of debt after she got an interest free-loan.The 57-year-old, who lives off a sickness benefit, was forced to borrow money from a finance company [...]

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

Did Apple's new 'spaceship' HQ cost $7.3 billion?

Apple's new 'spaceship' campus might have cost as much as US$5 billion ($7.3b), according to Santa Clara County's tax assessor.Assessor Larry Stone told the San Jose Mercury News that he estimated the cost for the [...]

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

Countdown to launch: watch Rocket Lab's quest to reach orbit

Rocket Lab says its second launch is possible tomorrow and lift off will be livestreamed, including on nzherald.co.nz.The company delayed its test launch during the weekend because of poor weather but says it could take [...]

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

National monument eyed in Montana as others reduced by Trump

BILLINGS, Mont. (AP) — Even as it clashes with American Indians over reductions to national monuments in the Southwest, the Trump administration is engaging with a Montana tribe over the creation of a new monument [...]

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

Oregon town seeks first microbrewery, offers benefits

SALEM, Ore. (AP) — An Oregon town near one of America's microbrew meccas is thirsting for a piece of the action and offering incentives for the first brewery to establish itself in the community.In an [...]

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

Citizen Thiel makes rare visit to Auckland

Technology billionaire Peter Thiel has made a rare visit to New Zealand, checking out an art gallery hosting an exhibition by prominent local artist Simon Denny exploring some of his more outlandish ideas.The exhibit, on [...]

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

Liam Dann: Golden weather puts heat on the economy

What a week of weather. Summer has arrived this year with unusual punctuality."Phew, what's this going to shave off GDP?" I thought, as I lay on the sand listening to the surf, licking a Fruju [...]

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

Local firms see red with bank deal promoting US retailers

With the Christmas season now in full swing, retailers are hoping to see big results as customers rush to buy up large.But some within the retail business industry in Auckland are seeing red with a [...]

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

Wendy's CEO fights back on lieu day situation

Fast food giant, Wendy's, may appeal the decision on lieu days.Wendy's chief executive officer Danielle Lendich told Southern View neither party won in the determination."The authority member has come up with an alternative interpretation... Source: [...]

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

Kiwi businesses most likely target for fake news attacks – Massey University Business School senior lecturer Jenny Hou

Unlike overseas, it hasn't potentially significantly influenced who we choose to lead our country.But fake news has still arrived in New Zealand, with businesses the most frequent target for now, an expert says.Massey University... Source: [...]

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

New chat bot targeting New Zealand's cybercrime issue

Netsafe has unleashed a new weapon aimed at beating scammers at their own game.The chat bot, called Re:scam, has been made to reply to scam emails with a never-ending series of questions that will waste [...]

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

Bitcoin mining using up so much energy it could cause blackouts

The virtual mining of Bitcoins is using up so much energy that it is causing electricity blackouts in some countries, it has been revealed.Experts say the high-tech activity is consuming a higher level of power [...]

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

Airbnb guests finding hidden cameras in their rentals

Airbnb is investigating complaints from several customers who have reported finding hidden cameras in their rentals.Speaking to CBS News in the US, the company said it "takes privacy extremely seriously" and is looking at the [...]

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

Jobless rate for recent veterans jumps, but it's good news

WASHINGTON (AP) — The unemployment rate for recent veterans jumped in November, but for a good reason.Many decided to come off the sidelines and begin actively seeking work — and if they didn't immediately find [...]

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

Clemson, USC to partner in research with new Samsung plant

NEWBERRY, S.C. (AP) — Samsung is bringing together South Carolina's two biggest universities — and sports rivals — to partner with the South Korean electronics company for research into home appliances.The new Palmetto Consortium... Source: [...]

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

Where Americans found jobs: Manufacturing and health care

WASHINGTON (AP) — Employers in business services, health care and manufacturing were in a hiring mood in November.Professional and business services added 46,000 jobs, driven by temporary-help services and management consulting.... Source: NZ Herald Business [...]

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

Can better policies prevent workplace sexual harassment?

NEW YORK (AP) — Sexual misconduct happens at work not because companies don't publish anti-harassment policies, experts say, but because managers don't enforce them — and because people fail to apply them to themselves.While the... [...]

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

Brazil's Temer seeks business support for pension reform

SAO PAULO (AP) — Brazilian President Michel Temer is urging business leaders to support an unpopular social security overhaul in a push to get it passed.The pension reform is a central pillar of Temer's plan [...]

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

China logs strong exports, imports, as economy gains steam

HONG KONG (AP) — China has reported strong growth in both exports and imports in November in a reassuring sign for the world's second-biggest economy.Figures posted Friday on the customs department website show exports expanded... [...]

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

South Korea mulling ways to curb craze for bitcoins

SEOUL, South Korea (AP) — South Korean is studying ways to regulate speculative trading in crypto currencies as the latest surge in prices stokes a craze over bitcoins.South Korea's financial regulator said Friday that it [...]

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

Former Tesco worker Dan Middleton, DanTDM, named richest YouTuber

If your son was locked away in his bedroom playing computer games for hours on end, you would rightly be worried about his prospects.But Dan Middleton, better known as DanTDM, has earned a staggering $24.3 [...]

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

Man sells house to invest in bitcoin, other virtual-currencies

An Auckland man sold his house and spent all the proceeds on trying to make his fortune through virtual currencies.The 30-year-old IT professional, who didn't want to reveal his identity, has created a "virtual-currency mine" [...]

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

Bitcoin soars then falls back; banks raise risk concerns

NEW YORK (AP) — The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes, as the frenzy surrounding the virtual currency escalated just days before it starts [...]

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

World Bank funds $200M economic project in Western Balkans

SOFIA, Bulgaria (AP) — The World Bank has launched a $200 million project to support economic integration in the Western Balkans.Bank CEO Kristalina Georgieva told a meeting of leaders in Bulgaria on Thursday that their [...]

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

Bitcoin hits US$16k: 'this is irrational'

Bitcoin touched US$16,000 for the first time overnight, extending its advance this month to almost 70 per cent as concerns mounted the cryptocurrency's rapid rise masks risks.The world's biggest cryptocurrency is surging on expectations... Source: [...]

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

Strong stock market lifts US wealth to $96.9 trillion

WASHINGTON (AP) — Surging stock prices and steady increases in home values powered American household wealth to $96.9 trillion this fall, though the gains likely aren't widely shared.The Federal Reserve says that U.S. net worth... [...]

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

Subscription boxes 'as addictive as gambling'

If you've ever signed up to a subscription box service, you'll know how addictive they can be.There's the anticipation of waiting for the box to arrive, the excitement of wondering what's inside, and the thrill [...]

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

Uni failed to consider depression in 'F*** you' dismissal: ERA

An academic working for the University of Waikato who offered his resignation with "a big **** you" during a bout of depression was unjustifiably dismissed.The man, who the Herald has decided not to name, was [...]

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

New Zealand dollar follows Aussie lower

The New Zealand dollar followed its Australian counterpart lower after trade figures across the Tasman weighed on the outlook for the antipodean commodity currencies.The kiwi declined to US68.60c at 5pm from US68.76c at 8am and... [...]

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

Bitcoin miner NiceHash reports hack, theft of its "wallet"

TOKYO (AP) — The bitcoin miner NiceHash says it is investigating a security breach and the theft of the contents of the NiceHash "bitcoin wallet."The company said Thursday in a statement posted on its website [...]

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

Ohio to name winners of up to $12M in opioid science grants

COLUMBUS, Ohio (AP) — Ohio is set to name recipients of up to $12 million in competitive grants aimed at supporting scientific breakthroughs to solve the national opioid crisis.The Third Frontier Commission is expected to [...]

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

New Jersey eyes cutting horse tracks in on internet gambling

TRENTON, N.J. (AP) — New Jersey lawmakers want to give the state's horse racing tracks a piece of the action on internet gambling.The state Assembly is due to vote Thursday on a bill that would [...]

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

Tesla wins legal battle over Missouri licenses to sell cars

KANSAS CITY, Mo. (AP) — Tesla Inc. can continue to sell its electric cars directly to consumers in Missouri after a state appeals court reversed a lower court ruling that favored a trade group representing [...]

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

Whistleblower: At inauguration, Flynn texted on nuclear plan

WASHINGTON (AP) — A whistleblower has told House Democrats that during President Donald Trump's inauguration speech, national security adviser Michael Flynn texted a former business associate to say a private nuclear reactor plan... Source: NZ [...]

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

Nuclear fusion project hails halfway construction milestone

BERLIN (AP) — A vast international experiment designed to demonstrate that nuclear fusion can be a viable source of energy is halfway toward completion, the organization behind the project said Wednesday.Construction of the International... Source: [...]

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

Here are your options if YouTube vanishes from Amazon gizmos

NEW YORK (AP) — Attention Fire TV owners: YouTube might soon disappear from your Amazon streaming device. But you'll still have options.Google is threatening to pull YouTube from Fire TV by Jan. 1, the latest [...]

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

Trump says a government shutdown 'could happen' Saturday, blames Democrats' immigration stance

WASHINGTON (AP) — Trump says a government shutdown 'could happen' Saturday, blames Democrats' immigration stance. Source: NZ Herald Business News

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

VW senior manager faces prison for US emissions scandal

DETROIT (AP) — Lawyers for a Volkswagen senior manager say his U.S. prison sentence shouldn't exceed 40 months for his role in the automaker's diesel emissions scandal.Oliver Schmidt will be sentenced Wednesday in Detroit federal... [...]

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

New Zealand dollar gaining ground on Aussie

The New Zealand dollar rose against the Aussie dollar after figures showed the Australian economy grew at a slower-than-expected pace in the third quarter.The kiwi traded at A90.93c at 5pm from A90.21c late yesterday. It [...]

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

What airlines make out of each passenger

Airlines are on course for improved profits next year and are forecast to make an improved US$8.45 (NZ$12.29) a passenger. The International Air Transport Association forecasts global industry net profit to rise to $38.4 billion... [...]

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

Fletcher Building leads sharemarket down

New Zealand shares fell with Synlait Milk and Fletcher Building leading the index down, and Tegel Group plunging on its earnings report, while Scales Corp hit a record on intraday trading.The S&P/NZX 50 Index dropped [...]

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

Surge in homelessness on West Coast pushes US count to nearly 554,000, marking first increase since 2010, report finds

LOS ANGELES (AP) — Surge in homelessness on West Coast pushes US count to nearly 554,000, marking first increase since 2010, report finds. Source: NZ Herald Business News

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

The top iPhone and iPad apps on App Store

App Store Official Charts for the week ending December 3, 2017:Top Paid iPhone Apps:1. Heads Up!, Warner Bros.2. Minecraft, Mojang3. kirakira+, Kentaro Yama4. Plague Inc.,Ndemic Creations5. Monument Valley 2, ustwo Games... Source: NZ Herald Business [...]

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

Private New Jersey beach fears state will seize its business

POINT PLEASANT BEACH, N.J. (AP) — A privately owned beach on the New Jersey shore is trying to block the state from building dunes on it, fearing the state's real motive is to seize its [...]

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

Venezuela's UN ambassador resigns on orders from Maduro

CARACAS, Venezuela (AP) — Venezuela's Ambassador to the United Nations is resigning after a rare and bitter feud with President Nicolas Maduro's inner circle.Rafael Ramirez said on social media that he had tendered his resignation... [...]

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

The top 10 movies on the iTunes Store

iTunes Movies U.S. charts for week ending December 3, 2017:iTunes Movies US Charts:1. Kingsman: The Golden Circle2. Trolls Holiday3. Logan Lucky4. The Hitman's Bodyguard5. Atomic Blonde6. Elf (2003)7. Wind River (2017)8.... Source: NZ Herald Business [...]

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

Donald Trump and other relatives' bank records sought in Russia probe

US Special Counsel Robert Mueller has asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter says. Mueller is investigating alleged Russian attempts to [...]

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

Asian shares decline after tech stocks slump on Wall Street

TOKYO (AP) — Shares were mostly lower in Asia on Tuesday after a lackluster session on Wall Street, where technology stocks tumbled. Investors are keeping an eye on U.S. tax legislation and Brexit negotiations.KEEPING SCORE: [...]

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

Retirees rely on state pension as savings run out

Most retirees will use up their savings in just 10 years and rely solely on the state pension after that, a new research suggests.More than two-thirds of retirement-age Kiwis surveyed in Financial Services (FSC) Council [...]

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

Gulf nations await crucial summit on Qatar diplomatic crisis

KUWAIT CITY (AP) — Kuwait prepared on Tuesday to host a crucial meeting of the six-nation Gulf Cooperation Council as half of its members still boycott member-state Qatar, a diplomatic dispute that's cleaved the Arabian [...]

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

Ed Sheeran tops Spotify's 2017 list with 6.3 billion streams

NEW YORK (AP) — The Grammys may have dissed Ed Sheeran, but Spotify says he is the most streamed artist of the year.The streaming service announced Tuesday that Sheeran tops its 2017 list with 6.3 [...]

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

Troubled meat market is key supplier for Haiti's capital

PORT-AU-PRINCE, Haiti (AP) — La Saline slaughterhouse is a nightmarish panorama of animal blood, body parts and detritus. It's also an essential part of the economy of the Haitian capital, supplying meat to restaurants, street [...]

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

Dry weather already feeding into NZ markets

Drier-than-normal weather is already translating into higher dairy futures and wholesale electricity prices.Weather agency Niwa said a "powerful and persistent" ridge of high pressure over much of New Zealand during the second half... Source: NZ [...]

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

Inside a judge's rehab: Unpaid work at a Coca-Cola plant

Retired Oklahoma judge Thomas Landrith is hailed as a hero of criminal justice reform.He started the first rural drug court in the nation and has reaped awards for sending defendants to treatment rather than prison.But [...]

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

Congress' top 2 Dems to meet Trump on government spending

WASHINGTON (AP) — Congress' top two Democrats say they've accepted a White House invitation for a face-to-face meeting with President Donald Trump on Thursday in hopes of resolving troublesome issues blocking a government spending... Source: [...]

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

Top congressional Democrats Pelosi, Schumer say they've accepted White House invitation for Thursday budget summit

WASHINGTON (AP) — Top congressional Democrats Pelosi, Schumer say they've accepted White House invitation for Thursday budget summit. Source: NZ Herald Business News

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

Fed-up hotelier hits back at negative TripAdvisor reviews: 'I'm not here to be nice to every guest'

A no-nonsense hotelier personally hits back at every negative TripAdvisor review with cutting Basil Fawlty-style replies - including calling guests "muppets".Paul Chatwin, 51, runs the three-star Royal Clarence Hotel, which has... Source: NZ Herald Business [...]

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

Water crisis could grind city to halt

Businesses throughout Napier fear the city could grind to a halt, should the city's water supply run out.After a level four water restriction was imposed by Napier City Council earlier today, saying there was a [...]

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

Asian stock markets mixed; US tax bill, politics in focus

SEOUL, South Korea (AP) — Asian stock markets were mixed on Monday, with U.S. politics in focus. Investors are digesting the U.S. Senate's passage of the tax bill and considering implications of the guilty plea [...]

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

Prison company locks up $8.2m annual profit

SecureFuture Wiri Holdings, which has the contract for the Auckland South Corrections Facility, turned to a full-year profit as expenses fell and it recognised a gain on the value of interest rate swaps.The profit was [...]

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

Supreme Court taking up sports betting case

WASHINGTON (AP) — The Supreme Court is taking up a case that could make sports betting widely available.The case the justices are hearing Monday is a result of New Jersey's yearslong effort to bring betting [...]

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

This Week: Trade balance, consumer credit, nonfarm payrolls

A look at some of the key business events and economic indicators upcoming this week:BALANCING ACTThe nation's trade deficit has been growing even though a weaker dollar has made U.S.-made products less expensive.Through September,... Source: [...]

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

US company must pay $18m after Kiwi water balloon toy inventors sue

A New Zealand toy firm that invented a globally successful water balloon toy has won $18 million in a legal fight against a company that copied its product.Zuru Toys invented the Bunch O Balloons, a [...]

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

The $2 billion industry booming in Australia

The butler industry is booming in Australia, reports Alexis Carey If you'd rather spend your weekends at the beach instead of doing chores, you're not alone.As Australians become more and more time-poor, the personal services... [...]

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

McConnell: No government shutdown this week over immigration

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell says there won't be a government shutdown this week over the hotly disputed issue of protecting immigrants brought to the country illegally as children.He insists that there's... [...]

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

Feed My Furbaby – the pet food subscription business

Husband and wife team Amy and Ben Renell talk about starting their sustainable petfood business and how Kickstarter helped them on their journey. What does your business do? Feed My Furbaby is a pet food [...]

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

Over half of people apathetic to where KiwiSaver invested

Over half of KiwiSavers are apathetic as to where their money is invested, research suggests.A survey of 1000 people by Westpac has revealed 40 per cent don't care where their money is invested and a [...]

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

Could AI help you invest in art?

Hedge funds and some of the world's biggest banks have embraced the predictive properties of machine learning to spot patterns and guide their investment decisions.Could this branch of artificial intelligence be used to divine the... [...]

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

Monster ships could be heading for Auckland

A cruise ship company says planned new mooring equipment in Auckland would allow its monster vessels to dock in the city.Auckland Council plans to install ''mooring dolphins'' off the end of Queens Wharf which would [...]

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

Matt Lauer won't get a payout from NBC

Matt Lauer won't get his $US30 million ($44m) payout from from NBC News, despite the disgraced US anchor's lawyers arguing he still has a year to run on his contract.Lauer, who was fired earlier this [...]

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

Cows going online in NZ paddocks

Kiwi cows are going online in a new initiative by Chinese tech company Huawei.Its connected cows programme is currently being trialled on an undisclosed farm in New Zealand, with cattle wearing collars containing small "internet... [...]

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

Watch: iPhone explodes in man's hand, burns for 20 minutes

A CCTV camera has captured the moment a man's iPhone exploded in his hand as he tried to send a text message.Abd Ghaith said the iPhone 6 blew up in his hands as he sat [...]

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

The godfather of comedy looks back on a lifetime of laughs

LOS ANGELES (AP) — The man who took comedians out of burlesque shows and put them in nightclubs reminisces these days about how that happy accident happened.When Budd Friedman opened a nightclub called the Improv [...]

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

Liam Dann: How big is the bitcoin bubble?

It's just over two weeks since I made a video explainer about bitcoin, warning it is a dangerously speculative investment.If you saw that and ignored me, remortgaged the house and invested everything you own in [...]

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

Diana Clement: How to survive the Christmas spending season

Have you started Christmas shopping yet? I have and know too well that human brains are not designed to cope with the psychological complexities of Christmas.Psychologists have been studying the relationship between Christmas,... Source: NZ [...]

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

Berry good fruit expected in time for Christmas if weather holds up

Christmas day means summer fruit and berries for many Kiwis and there should be plenty around to put on the pavlova this festive season – if Mother Nature plays ball.In a year of extreme rainfall [...]

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

Heather du Plessis-Allan: Home is where the heart is

Packing up the house in Auckland this week for the move to Wellington was harder than I expected.My friends tell me I should not have decided to clean the house myself. They're right. Professional cleaners [...]

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

From $35,000 debt to $1.5m property business in a year: Hamilton couple

A Hamilton couple went from being $35,000 in debt to owning a $1.53 million property portfolio in a year.But Sanjay Raj Kaithakuzhiyil says he and Aiswarya Raj, who both work in the IT sector, are [...]

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

Otago man has had 'a gutsful' over noise from local supermarket

A Mosgiel man has lost his cool over noisy refrigeration units at the nearby Countdown supermarket, which are keeping him awake at night.Church St resident Paul Barringer said ever since the supermarket, which is next [...]

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

Judge won't allow Hawaii fishing group to intervene in case

HONOLULU (AP) — A judge is not allowing a commercial fishermen's group to intervene in a court case challenging Hawaii's practice of giving fishing licenses to foreign workers.Critics say the practice has led to abuses, [...]

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

Venezuela arrests cousin of ex-oil czar in corruption probe

CARACAS, Venezuela (AP) — A cousin of former Venezuelan oil czar Rafael Ramirez was arrested in an investigation into a series of accounts in an Andorran bank suspected of being used to launder about $1.6 [...]

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

More construction delays for Canterbury's Nga Puna Wai Sports Hub

High rainfall has yet again delayed construction of the Nga Puna Wai Sports Hub, which means the first lot of sporting facilities are unlikely to be finished until the middle of next year.The athletics track [...]

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

Gift Guide: Choosing a streaming device without overpaying

NEW YORK (AP) — Apple, Google, Amazon and Roku are all competing to be your gateway to online video on a big-screen TV.For regular, high-definition TV sets, a cheap model such as Roku's $30 Express [...]

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

Prosecutors seek to seize assets of 'Pharma Bro' Shkreli

NEW YORK (AP) — The government wants to seize Martin Shkreli's one-of-a-kind Wu-Tang Clan album.The album that the jailed former pharmaceutical CEO has boasted he bought for $2 million is on a list of assets [...]

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

Whitefish sues over payments for Puerto Rico power work

BILLINGS, Mont. (AP) — A small Montana company that landed and lost a $300 million contract to restore Puerto Rico's hurricane-shattered electric grid is suing a subcontractor for allegedly interfering with tens of millions of [...]

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

Senate Republican leader Mitch McConnell on tax overhaul: 'We have the votes.'

WASHINGTON (AP) — Senate Republican leader Mitch McConnell on tax overhaul: 'We have the votes.' Source: NZ Herald Business News

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

Apprenticeship vs degree – who earns more in a lifetime

An apprenticeship and career in the trades is just as financially lucrative across a lifetime as a university degree, according to a new report by economic think tank BERL.In a project undertaken for the Industry [...]

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

Tesla builds world's biggest battery in Australian Outback

ADELAIDE, Australia (AP) — The world's biggest lithium-ion battery has plugged into an Australian state grid, delivering on a promise by Tesla Inc. chief executive Elon Musk.Musk said he would build the 100-megawatt battery within... [...]

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

US exporting dirty fuel to already pollution-choked India

NEW DELHI (AP) — U.S. oil refineries that are unable to sell a dirty fuel waste product at home are exporting vast quantities of it to India instead.Petroleum coke, the leftover from refining Canadian tar [...]

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

NZ shares up, Fonterra gains on $183 million damages

New Zealand shares gained, with activity quieter and market attention focussed on Fonterra Cooperative Group after the company lost an arbitration battle with Danone. The S&P/NZX50 Index rose 0.025 per cent, or 2.01 points, to [...]

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

Japan inflation ticks up, household spending flat in October

TOKYO (AP) — Japan's core inflation rate rose 0.8 percent in October, a slight increase from the month before, while the jobless rate remained steady at a very low 2.8 percent. But lackluster household spending [...]

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

American Airlines staff to undergo racism training

Under pressure from the NAACP, American Airlines is promising changes in the way it trains employees and handles passenger complaints about racially biased treatment.The airline announced the steps Thursday after a meeting between... Source: NZ [...]

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

Opec agrees to continue restricting supply

The oil ministers from the OPEC cartel and a group of non-OPEC partners agreed on Thursday (US time) to extend crude output cuts until the end of next year in efforts to keep supplies tight [...]

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

Harry Potter puts a curse on Barnes & Noble's sales

NEW YORK (AP) — Call it the curse of Harry Potter.Shares in bookseller Barnes & Noble tumbled almost 12 percent Thursday after the company reported a sharp drop in quarterly sales.It said part of the [...]

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

American says it has found pilots for most Christmas flights

FORT WORTH, Texas (AP) — American Airlines says only a few hundred of its late December flights remain without pilots scheduled to fly the plane.An airline spokesman said Thursday that pilots were picking up extra [...]

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

The Latest: OPEC, allies extend oil output cuts through 2018

VIENNA (AP) — The Latest on OPEC's meeting about oil production (all times local):7:10 p.m.OPEC oil ministers and their non-OPEC partners have agreed to extend crude output cuts until the end of next year in [...]

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

OPEC and non-OPEC partners extend crude output cuts until end of 2018 in effort to keep supplies tight, bolster prices

VIENNA (AP) — OPEC and non-OPEC partners extend crude output cuts until end of 2018 in effort to keep supplies tight, bolster prices. Source: NZ Herald Business News

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

Australian lawmaker resigns roles over Chinese dealings

CANBERRA, Australia (AP) — An Australian lawmaker has resigned from his leadership roles in the opposition party over scandals involving a wealthy Chinese businessman and political donor that have raised accusations of China buying... Source: [...]

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

Asian stocks fall after tech slide pulls down Wall Street

BEIJING (AP) — Asian stock markets declined Thursday after U.S. tech stocks fell and China reported stronger manufacturing as investors looked ahead to a key OPEC meeting.KEEPING SCORE: The Shanghai Composite Index shed 0.3 percent... [...]

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

NZ probes sacked US TV host Matt Lauer's Queenstown estate

New Zealand authorities want more information about sexual harassment claims against US television host Matt Lauer, who owns a $13 million lakefront property near Queenstown.The Overseas Investment Office "is aware that allegations... Source: NZ Herald [...]

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

What North Korean photos say about new ballistic missile

TOKYO (AP) — North Korea released dozens of photos Thursday of the Hwasong-15, a new intercontinental ballistic missile it claims can reach any target in the continental United States. The photo dump, published in the [...]

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

New Zealand aviation market set to boom says Airbus

Airbus says the number of airline passengers to New Zealand's top three cities will nearly double to 38 million by 2036.In its latest market forecast the company says the passenger aircraft fleet above 100 seats [...]

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

Belmiro de Azevedo, top Portuguese entrepreneur, dies at 79

LISBON, Portugal (AP) — Belmiro de Azevedo, one of Portugal's most successful businessmen who built his company Sonae into an international conglomerate, has died. He was 79.In a statement Wednesday, his company said Azevedo died... [...]

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

The Latest: San Francisco could have recreational pot Jan. 5

SAN FRANCISCO (AP) — The Latest on recreational marijuana sales in San Francisco (all times local):9:45 a.m.Recreational weed could be on sale in San Francisco as soon as Jan. 5 if the mayor quickly signs [...]

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

Arkansas judge drops murder charge in Amazon Echo case

BENTONVILLE, Ark. (AP) — An Arkansas judge has dismissed a murder charge in a case involving evidence gathered by an Amazon Echo smart speaker.Television station KHOG reports that the prosecutors' request to dismiss a first-degree... [...]

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

Digital media company BuzzFeed cutting jobs in US, UK

NEW YORK (AP) — Digital media company BuzzFeed is cutting 8 percent of U.S. employees, or 100 jobs, as changes its business model in a bid to boost revenue.It's also cutting an unspecified number of [...]

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

That's cheating! Video-game companies suing crooked players

RALEIGH, N.C. (AP) — A video-game maker is suing online gamers for designing or using computer code allowing them to crush competitors playing the popular "Fortnite" survival video game.Epic Games says in lawsuits in North [...]

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

Turkish-Iranian gold trader set to testify at US trial

NEW YORK (AP) — A wealthy Turkish-Iranian gold trader is set to testify at a New York trial about how he helped Iran evade U.S. economic sanctions.Prosecutors say Reza Zarrab likely will take the stand [...]

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

In revamped Jeep Wrangler, big changes are beneath the skin

Fiat Chrysler has revamped the venerable Jeep Wrangler for the first time in a decade.The looks haven't changed much but a lot is different beneath the skin. New engines are coming, including a diesel and [...]

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

Canada tests 'basic income' effect on poverty amid lost jobs

HAMILTON, Ontario (AP) — Former security guard Tim Button considers how a sudden increase in his income from an unusual social experiment has changed his life in this Canadian industrial city along the shore of [...]

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

Economy Hub: Good news for first home buyers as Reserve Bank moves

The Reserve Bank's surprise move to ease loan-to-value ratio restrictions will be welcomed by first-home buyers who are increasingly well placed to take advantage of a slower market.The amount of lending the banks can do [...]

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

Backers, foes of Keystone XL seek clarification in ruling

LINCOLN, Neb. (AP) — The developer of the Keystone XL pipeline and the project's opponents are asking Nebraska regulators to clarify their recent decision to approve an alternative pipeline route through the state.Attorneys for... Source: [...]

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

EPA gathers coal country comments about climate plan repeal

CHARLESTON, W.Va. (AP) — The coal industry and environmentalists squared off Tuesday at a public hearing over the Trump administration's planned repeal of an Obama-era plan to limit planet-warming carbon emissions.The Environmental... Source: NZ Herald [...]

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

Work starts on Hungary-Serbia rail line financed by China

BUDAPEST, Hungary (AP) — Officials have inaugurated the reconstruction of the railway line between Serbia and Hungary, a project financed mostly by China and its "new Silk Road" initiative to expand commercial ties with Europe, [...]

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

The Latest: House warms to tax bill Obama mandate repeal

WASHINGTON (AP) — The Latest on Republican tax overhaul legislation (all times local):10:30 a.m.The House's chief tax-writer says ending the "Obamacare" requirement that everyone have health insurance — an element of the Senate... Source: NZ [...]

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

US stocks move higher in morning trading; oil falling

U.S. stocks moved higher in morning trading Tuesday as investors weighed the latest batch of company earnings and deal news. Banks and industrial stocks posted solid gains. Energy companies also rose despite a slide in [...]

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

Insurance warning for those caught in Bali volcano chaos

Kiwi travellers caught in the chaos following the eruption of Mt Agung in Bali face not being covered by travel insurance if they bought it since the volcano threatened to blow.Insurers are taking different approaches [...]

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

CEO lifts lid on sexual harassment at work

Gemma Lloyd was a bright-eyed 22-year-old breaking into the tech industry's notorious "boys' club" when a much older male colleague complimented her breasts in front of a roomful of men.Unfortunately, it was just the beginning [...]

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

Commerce Commission probe possible as Government looks at ways to ease petrol prices

The Government says motorists may be overpaying for petrol and it wants to keep pressure on fuel companies, but prices at the pump are unlikely to drop in time for the Christmas break.Energy and Resources [...]

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

NZ shares down, Mercury and Chorus weaken on international selling

New Zealand shares dropped, led lower by big moves in Mercury New Zealand and Chorus, as Orion Health and Trilogy International dropped on first-half earnings.The S&P/NZX50 Index fell 34.61 points, or 0.4 per cent, to [...]

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

NZ dollar higher as it finds some favour after heavy selling in recent months

The New Zealand dollar gained against the Australian dollar and the greenback as it found some renewed favour among investors after being sold down on local political concerns over the past few months. The kiwi [...]

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

Where pilots and cabin crew sleep on a Dreamliner

It's not just business class passengers who get comfy beds in Qantas' new Dreamliner planes.Both cabin crew and the pilots have their own rest areas in the Boeing 787s, which Qantas will have eight of [...]

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

Hong Kong property developer offers free Teslas with luxury flats

A Hong Kong property developer is offering free Teslas to those who sign up to buy their luxury flats.K&K Property has announced that it will bestow the first five bidders for their four-bedroom apartments with [...]

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

Tim Hazledine: Economic spin-off from events is wildly miscalculated

• Tim Hazledine is a professor of economics in the University of Auckland Business School. There used to be a big sign on the side of the road leading in to Auckland airport advertising real [...]

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

Stephen Selwood: Affordable houses are close to places of work

• Stephen Selwood is chief executive of Infrastructure New Zealand. It is a cliché now to say Auckland must grow up and out. But what many do not realise is that the cost of land [...]

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

NZ shares gain, Ryman hits record

New Zealand shares rose as Ryman Healthcare climbed to a new record after last week's strong earnings result, while upcoming index reweightings stoked demand for Fisher & Paykel Healthcare while weighing on Contact Energy. The [...]

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

NZ dollar little changed ahead of RBNZ's stability report, Fed appearances

The New Zealand dollar fell but remained largely rangebound ahead of key events later in the week including the central bank's financial stability report as well as possible comments from the US Federal Reserve. The [...]

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

Commerce Commission issues 'stop now' letter to Aero Fire

Aero Fire has been issued a 'stop now' letter by the Commerce Commission after an investigation revealed its business practices may be harmful to consumers.The Commission's investigation found that Aero Fire had been making false... [...]

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

Is the Reserve Bank getting ready to ease lending restrictions?

Economists expect the Reserve Bank to make it first step towards loosening bank lending restrictions on Wednesday as part of its Financial Stability Report.Jeremy Couchman, a senior economist at Kiwibank, said there was anticipation... Source: [...]

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

Mother's fury as Sports Direct worker reportedly told eight-year-old son 'Santa is dead'

A mother-of-three was left furious after a Sports Direct worker allegedly told her eight-year-old son Father Christmas was "dead and buried".Lucy Blake has accused the retail chain of "stealing Christmas" from her little boy, after... [...]

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

Mike Hosking: This legal action is David versus Goliath

I am conflicted.The Commerce Commission is going to appeal its loss over their case against a bunch of real estate firms on price fixing. In the original case, they took 13 national and regional firms [...]

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

Small Business: Letterbox mail making a comeback – Action HQ

Brenden Rolston, owner of direct mail manufacturing business ActionHQ, talks the evolution of mail and how the print marketing medium has come full circle. What does your business do? Action HQ is a data-driven, personalised... [...]

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

Get Sorted: Gone spear phishing

Many times what connects us gets used against us. With so much of the world using email, it's unfortunately become the weapon of choice for fraudsters. Last year, for instance, one in 131 emails contained [...]

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

Vodafone sounds out market for NZ partial float

Britain's Vodafone has embarked on a "non-deal roadshow" to tell the world about its New Zealand operation before a possible partial sale of the company some time next year.Fund managers said Vodafone presented to New [...]

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

Report finds rail injects $1.5 billion a year into New Zealand's economy

The Labour-led government is promising to invest in rail after releasing a report it says National sat on which shows $1.5 billion of hidden benefits from rail a year. The study by EY quantifies the [...]

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

Why banks and fin-techs need each other

Banks need to partner with fin-techs to stay ahead of the game rather than developing their own solutions, says the New Zealand head of global bank HSBC.Chris Russell, HSBC New Zealand chief executive, said history [...]

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

Air New Zealand to take lead in tree planting programme to offset carbon

Air New Zealand is in the early stages of scoping the private afforestation fund with the government but planting could begin next year.The airline will work with the Ministry for the Environment and the Ministry [...]

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

Mark Lister: Wall Street too quiet for comfort

The world's financial markets are supposed to be hugely exciting. The ups and downs of shares on Wall Street, trading opportunities galore, each day bringing a new challenge and another crisis out of left field. [...]

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

Don't keep your driver waiting: Uber rolls out new charges for users

Uber has introduced a 55-cent-per-minute fee for customers who keep their driver waiting more than two minutes.The ride-sharing giant quietly rolled out the change on Wednesday afternoon, as part of a suite of updates to [...]

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

Liam Dann: Let's try and keep real shops as well as using online shopping

Can you ever really know yourself? It's one of the big philosophical questions. I wrestle with it every time I go shopping. Are these jeans cool enough for me? Am I cool enough for these [...]

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

Diana Clement: Throw away less and save more

My teenage daughter has been touching a raw nerve with me about the amount of waste we produce, so we're trying to live a lower waste lifestyle.Waste educators Candace Weir and Dorthe Siggaard of Tāmaki [...]

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

The country's best wine revealed at Air New Zealand awards

A Marlborough chardonnay has won the top prize at this year's Air New Zealand Wine Awards which attracted more than 1300 entries.The Isabel Chardonnay Marlborough 2016 won the Air New Zealand Champion Wine of the [...]

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

Elegant hillside Christchurch home chosen as Registered Master Builders' house of the year

In a place of many new builds, one garden city home stands above the rest.The large and elegant Mt Pleasant house has been recognised as one of the country's best homes, winning the Registered Master [...]

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

Brawls at Black Friday sales in US

Bargain hunters have brawled in stores and even attempted to pose as staff to beat the lines as Black Friday sales madness takes hold in the US.Police were called to the Riverchase Galleria shopping centre [...]

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

China's bike-sharing industry crashes

Winter looks set to rapidly cool this year's hottest start-up trend in China as the cash-burning bike-sharing industry claims another victim and dashes the hopes of thousands of more riders waiting to get their deposits [...]

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

World's biggest wealth fund turns attention to fashion houses

After focusing on industries like coal and weapons, Norway's US$1 trillion sovereign wealth fund is turning its attention to fashion.Together with UNICEF, the world's biggest wealth fund is setting up a network with some of [...]

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

Aussie mum makes $8000 a day on Amazon

A Perth mum who makes nearly A$8000 a day selling hot sauce on Amazon has welcomed the Australian launch of the e-commerce giant.Renae Bunster, creator of Sh*t the Bed Hot Sauce, said the cult favourite [...]

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

Elderly couple quit house after land-rent hike

An elderly couple say they have been pushed out of Arrowtown because the Queenstown Lakes District Council has increased their land rent by almost $35,000.But Queenstown Lakes Mayor Jim Boult said the council had "bent [...]

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

Amazon won't steal Xmas, say Kiwi shops

Amazon's looming arrival across the Tasman could make this the last traditional Christmas bonanza for local bricks and mortar shops.But traditional retailers don't expect to be affected, with Retail NZ estimating that Kiwis will... Source: [...]

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

'Unboxing toys' popular pick this Christmas, board games making a comeback

LOL Surprise! Dolls are picked to be the most popular toy this season and top of the Christmas wishlist for many Kiwi children.The silly season has officially begun and for many anxious parents getting their [...]

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

Teen's $220m cryptocurrency bid triggers official warnings

An Auckland teen who has raised millions from the public and is seeking hundreds of millions more for an exotic cyptocurrency venture appears to have inflated some of the claims of his website's success by [...]

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

Weekend profile: Journey to the top by Ryan Sanders of Haka Tours

Ryan Sanders was climbing the career ladder in a well-paid corporate job for the Royal Bank of Scotland when he realised something was missing.The Christchurch man was putting his university training to work in the [...]

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

Fran O'Sullivan: Get over the silly gossip, there's work to be done

For all those television and radio show hosts incessantly beating up on Jacinda Ardern for her indiscreet relaying of some choice details of conversations relating to US President Donald Trump — please think.It is risible [...]

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

NZ shares mixed; Ryman and Stride gain on results, Port of Tauranga, A2 Milk drop

New Zealand shares were mixed, with Ryman Healthcare and Stride Property making gains while Port of Tauranga and A2 Milk Co declined.The S&P/NZX 50 Index rose 28.34 points, or 0.4 per cent, to 8,130.29. Within [...]

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

NZ dollar heads for 1.4 per cent weekly gain on Fed's cautious inflation view

The New Zealand dollar is headed to a 1.4 per cent weekly gain after some market participants pared back their expectations for US interest rate increases next year after the Federal Reserve sounded a note [...]

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

National Party appeals Eminem ruling

The National Party has appealed a ruling that it breached copyright by using Eminem's track Lose Yourself for a 2014 election ad.The High Court last month awarded Eight Mile Style, the publisher of the hit [...]

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

UK trade secretary Liam Fox to visit NZ

British trade secretary Liam Fox will arrive in New Zealand tomorrow – another high-level visit as the United Kingdom prepares to leave the European Union and forge its own trade deals.Fox will be in the [...]

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

Commerce Commission to appeal High Court decision on price-fixing case

The Commerce Commission will file a notice of appeal against the High Court's decision to dismiss its case against two real estate agencies and their directors in a nationwide price fixing case.The group of realtors [...]

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

Council votes 'yes' on Easter Sunday trading

Tauranga has become the biggest New Zealand city to approve a policy allowing all shops to open on Easter Sunday.After a long and, at times, impassioned debate yesterday, the council voted seven to three in [...]

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

Warning for Australian companies ahead of Amazon launch

Australian retailers selling via Amazon Marketplace risk having the e-commerce giant rip-off their products for its private label range, the head of rival eBay has warned.Speaking ahead of the imminent launch of Amazon's local operation,... [...]

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

Brian Fallow: What makes farming so special?

Is there anything special about pastoral farming that would warrant continuing to treat it differently from other emissions-intensive, trade-exposed (EITE) industries?That is one question facing the Productivity Commission in its... Source: NZ Herald Business News

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

If it ain't broke don't fix it – the benefits of staying put

Dual-listed a2 Milk won brownie points at this week's annual meeting by confirming that it intended to retain its New Zealand listing.A shareholder asked if the alternative milk company was looking at following in the [...]

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

Deloitte Top 200: Chairperson of the Year – Rob Campbell, Tourism Holdings

Rob Campbell is highly respected for his thought-leadership and advocacy on governance matters.His willingess to speak freely on issues, such as advising directors to take a more hands on approach, has been a real asset [...]

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

KiwiSaver managers defend fees

A new tracking tool has revealed the fees of some KiwiSaver schemes are gobbling up returns, even eating up people's capital when providers don't make any money.Fund managers are defending the cost saying it is [...]

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

Vladimir Putin says all businesses should be ready to switch to war production at any moment

Vladimir Putin has said that all Russian businesses must be ready to meet war-time needs at any moment.The Russian President made the remarks at a meeting of world military chiefs in Sochi on Wednesday, according [...]

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

Banks lash out at RBNZ's proposed debt-to-income ratio tool in submissions

The proposed inclusion of a debt-to-income ratio tool in the Reserve Bank's toolkit was largely met with criticism in a series of submissions, with ANZ Bank New Zealand saying it is fundamentally flawed and Cooperative [...]

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

Tax group's brief can include looking at taking GST off women's sanitary products

A new tax working will have scope to consider a wide range of changes, including taking GST off women's sanitary products.Finance Minister Grant Robertson released details on the new tax working group today, including that [...]

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

Restaurant-goer has Bitcoins stolen over unsecured public wireless network

An unsuspecting diner has had $172,000 worth of the digital currency Bitcoin stolen from him while logged on to a restaurant's unsecured public Wi-Fi network.The incident reportedly took place in an Austrian restaurant this week... [...]

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

Uber faces probes into hack scandal after revelations of payment to hackers, concealment of information for one year

Uber Technologies faces at least three probes in Europe following revelations that the company kept quiet for more than a year after hackers stole vast amounts of personal data about customers and drivers.Italy's data protection... [...]

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

Facebook helps users reveal exposure to Russian disinformation

Facebook is creating an online tool to allow users to determine if they might have been exposed to Russian disinformation during the 2016 presidential election and its fractious aftermath, the company announced Wednesday.The new... Source: [...]

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

Bill English says $1 billion regional development fund is 'pathetic'

Bill English made his first visit to Tauranga on Wendnesday as Leader of Opposition and slammed the Government's new $1 billion Regional Development Fund. More than 200 people packed into the Tauranga Yacht Club to [...]

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

The reality behind the bitcoin bubble

David Larkin pays all of his bills in bitcoin.The 32-year-old Melbourne IT worker is a true believer in the cryptocurrency and its potential to revolutionise the world of banking and finance.But unlike buy-and-hold speculators... Source: [...]

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

Pressure building on Fonterra's milk price

Pressure is building on Fonterra's farmgate milk price as increased production led to the fourth drop in a row at the latest Global Dairy Trade auction.Fonterra's forecast, which under law has to be reviewed every [...]

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

Liam Dann: What Recession? Local economists pick good growth

The verdicts are in and despite what Forbes contributor Jared Dillian says, there are no economists picking a recession for Jacinda Ardern's Government.Most of New Zealand and Australia's major economics teams have now reassessed... Source: [...]

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

Tourism booming but growth rate slows

Short-term visitor arrivals, which include tourists, people visiting family and friends and people travelling for work, reached 3.7 million in the October year, up 8 per cent from a year earlier and a new annual [...]

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

Cooking the Books podcast: Why soaring house prices won't make you rich

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why you shouldn't start living it up just because your house value went up. Hosted [...]

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

Migration over the peak – tipped to fall further

Economists remain confident that New Zealand's annual net migration gain is trending down despite a small bump in the year to October.New Zealand saw a net gain of 70,700 migrants for the year ended October [...]

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

Federation warns landlords to check properties

A warning to check properties has been issued to all landlords who own more than 600,000 residences throughout New Zealand.The Property Investors Federation has issued advice to the investors after the District Court overturned... Source: [...]

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

Brian Rudman: Gently weeping for my bungalow's bill

Nothing quite brought home to me the bonkers state of the Auckland housing market as Monday's release of Auckland Council's revaluation of my modest 212sq m slice of Ponsonby. It seems that in the three [...]

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

Rachel Stewart: Fonterra and dairy industry spin makes me sick

While some will argue that I do this in most columns, my first inclination this week was to vomit all over the page and submit it to my editor, along with a suggested headline of [...]

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

Does the cost of America's Cup tally up for Auckland?

It'll inject up to $1 billion into the economy; thousands of jobs will be created; it will revitalise Auckland's dilapidated downtown wharves and bring fleets of superyachts in need of multimillion-dollar repairs.Or so has been... [...]

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

Share price jumps as earnings at a2 Milk surge

A2 Milk says its growth trajectory remains intact as the alternative milk company posts a sharp lift in earnings over the first four months of its financial year.Chief executive Geoff Babidge told a packed annual [...]

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

Kathmandu, F&P Health lead retreat

New Zealand shares dropped, led lower by Kathmandu Holdings and Fisher & Paykel Healthcare following trading updates, while A2 Milk met investor hopes at its annual meeting.The S&P/NZX 50 Index fell 1.32 points, or 0.01 [...]

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

The Block NZ houses jump in new rateable values, but still still short of $1.3m plus touted

The Block NZ former properties have all grown in value well above the minimal profits reaped by contestants in the latest season of the reality TV show. All of the Northcote properties in the 2017 [...]

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

GDP growth to take a hit in 2018 – Westpac economists

The Government will face economic headwinds next year, according to Westpac economists - who join a growing list of analysts downgrading the short-term outlook for GDP growth.But Westpac's long-term forecasts are more positive,... Source: NZ [...]

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

Bitcoin: The $200 billion lie

Is Bitcoin heading for a hard landing?As the price of the digital currency continues to smash through record highs, hitting US$8,200 ($12,000) for the first time on Monday, a growing number of commentators are drawing [...]

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

$661 million art sale paints picture of looming collapse

Leonardo da Vinci has special cachet. What is striking about the Christie's soiree in New York last week was not so much the US$450m ($661m) paid for his rediscovered Salvator Mundi but the prices fetched [...]

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

Is Samsung set to unveil first foldable smartphone?

Samsung has long been rumoured to be developing a radical folding phone - and it could soon see the light of day, it has been claimed.A support page for the handset has been spotted online [...]

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

Dairy companies defend rising prices as butter hits new highs

Dairy companies are defending accusations Kiwi consumers are paying too much for dairy products, blaming international demand for pushing prices up.A block of butter now costs $5.67, which is more than 60 per cent higher [...]

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

Auckland's cheapest house a 1-bedroom shack at South Head, Auckland Council valuations reveal

Auckland's cheapest house is a one-bedroom, one-bathroom home on Haranui Rd in South Head, with a new rateable valuation of $120,000.This was up $39,000 on the Kaipara Harbour home's 2014 valuation, which was just $81,000.It [...]

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

Auckland becoming the city of million-dollar homes

Auckland is fast becoming the city of million-dollar homes with nearly half its suburbs recording a new median rateable value of $1m-plus. An analysis of the new valuation figures released this week by Auckland Council [...]

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

How is your KiwiSaver fund performing?

Kiwis can dig into the performance of their KiwiSaver fund with a new tool released by investment watchdog the Financial Markets Authority.The KiwiSaver tracker allows people to see the annual percentage return of their fund [...]

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

Free parking, bus rides mooted to bring shoppers back to CBD

Free bus rides for shoppers and upping the hourly parking rate to $6 - first two hours free - are among the ideas to be put to the council today in an effort to bring [...]

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

Apple's ambitious mission for the iPhone

As tech companies come under pressure over the questionable ethics involved in their supply chains for raw materials, Apple is pursuing a seriously ambitious goal for its products.The company wants to use 100 per cent [...]

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

Fonterra launches charm offensive on water quality

Fonterra has stepped up its efforts to improve water quality while launching a charm offensive and television campaign to showcase how farmers have upped their game.The moves follow the emergence of water quality as a [...]

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

NZME-Fairfax Media merger terms should be up for rethink – analyst

NZME should no longer pay Fairfax Media $55 million as part of the proposed merger between the two news publishing groups if the courts clear the way for the union to go ahead, says broking [...]

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

South Head's Haranui Rd home to Auckland's four cheapest houses

Auckland's cheapest house is a one-bedroom, one-bathroom home on Haranui Rd in South Head, with a new rateable valuation of $120,000. This was up $39,000 on the Kaipara Harbour home's 2014 valuation, which was $81,000.It [...]

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

Rates warning as commercial values rocket in Auckland

Commercial risers: - Sylvia Park Mall: 2017 $730m, 2014 $535m- Events Cinemas Queen St: 2017 $42m, 2014 $28m- Servcorp - Vero Tower: 2017 $460m, 2014 $305m- PwC Tower: 2017 $360m, 2014 $253m- Occidental Tavern: 2017:... [...]

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

Foul-smelling leak empties out Auckland food court

People dining at a central Auckland food court today were surprised with a side of stench when a huge food oil spill created a nauseating smell. A substance oozing across the floor of the Atrium [...]

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

China's bitcoin miners eye overseas move

A nondescript office on the outskirts of Beijing, strewn with screwdrivers and partially assembled computer circuit boards, seems an unlikely candidate for a company at the forefront of what proponents say is nothing less than [...]

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

NZX to target foreign investors and overseas-listed companies with NZ operations

The NZX will roll out the welcome mat for foreign investors and target overseas listed companies with large New Zealand operations in its bid to grow the New Zealand sharemarket.The stock exchange operator last week [...]

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

Helen Clark lands at Kiwi event in San Francisco

Kiwis in San Francisco turned out in force with locals for a screening of the Helen Clark documentary My Year with Helen and a panel discussion about how women can break the glass ceiling.Former prime [...]

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

Move over Hatchimals LOL Surprise! Big Surprise is the hottest toy this Christmas

Move over Hatchimals - LOL Surprise! Big Surprise is the hottest Christmas toy of 2017.For the uninitiated, the giant A$99 ($110) plastic ball promises "the ultimate unboxing experience" with 50 "never before seen surprises" inside.But... [...]

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

Rotten Tomatoes under fire for timing of review for $440m Justice League movie

A lot of people want to throw things at Rotten Tomatoes.The movie-review aggregator waited more than 24 hours to post a poor critics' score for the new Warner Bros film Justice League , breaking with [...]

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

Homeowners warned: Don't lose your head over council CVs

New Housing Minister Phil Twyford says it would be unwise for Auckland home owners to assume they've hit the jackpot when new valuations are revealed tomorrow, and take on extra mortgage debt.Provisional data shows housing [...]

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

Liam Dann: Good news, there's a property slump!

You're always going to upset someone with a property story. It doesn't matter whether the market is up, down, black, white or a muddled grey mess, someone out there is going to think you've got [...]

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

Diana Clement: Ten tips to keep your credit card under control

Credit cards are the scourge of many Kiwis' finances. They do have uses, but they're a bit like the booze. Not everyone behaves sensibly with them and many lurch from one month to the next, [...]

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

Sen. Hatch to Dems saying tax cuts are for rich: 'Bull crap'

WASHINGTON (AP) " A debate between two senators over whether Republican tax cuts are aimed at helping the rich escalated into raised voices, interruptions, a banging gavel and a decidedly un-senatorial cry of "bull crap."The [...]

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

Jobless rates fell in 11 US states, hit record lows in 2

WASHINGTON (AP) " Unemployment rates fell to record lows in Idaho and Tennessee in September, and dropped in 9 other states.The Labor Department's report on state unemployment also showed the extent of Hurricane Irma's damage [...]

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

Filthy London bakery is fined $290k after using a filthy racquet to mash potatoes

A filthy bakery has been fined more than $290,000 for mashing potatoes - with a tennis racquet.Doce Bakers and Sweet Mahal, which shared the same premises, had an ongoing pest problem and filthy floors and [...]

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

Cherry Ripe disappears from Cadbury Roses box

We all know the dreaded feeling of digging into a box of chocolates to find nothing but unwanted Cherry Ripes and empty wrappers.But Cadbury may well have solved our woes once and for all by [...]

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

Australian firm Lodex is looking at using an online 'score' to judge you

Young people struggling to access financial services due to a lack of a credit rating can sign up to have their entire digital lives ranked to see if they are deemed worthy of a loan.Australian [...]

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

The world's biggest wealth manager won't touch bitcoin

UBS Group, the world's largest wealth manager, isn't prepared to make portfolio allocations to bitcoin because of a lack of government oversight, the bank's chief investment officer said.Bitcoin has also not reached the critical... Source: [...]

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

Move over Christmas sweaters, famjams are here

Early in November, Kathy Woods calls a family meeting to discuss the season's pressing question: Matching Christmas pyjamas in stripes or solids?The routine began casually enough about five years ago, Woods said, but has become... [...]

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

Genna Elvin – The Kiwi behind a 'mini Google' in Luxembourg

At just 28, Kiwi entrepreneur Genna Elvin has already co-founded a multimillion-dollar tech company and is working with Microsoft and Google.Elvin and husband Francois Gaspard set up Tadaweb in 2010. Based in Luxembourg, the small... [...]

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

TVNZ falls short in complaint about report on hosts

TVNZ has lost a Press Council complaint about a Weekend Herald story revealing who would host the broadcaster's election night coverage.The story quoted sources saying Hilary Barry and Simon Dallow were set to be announced [...]

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

Fran O'Sullivan: Best mates don't pick fights

Jacinda Ardern's decision to pick a fight with our nearest neighbour over the Manus Island imbroglio risks inserting a thorn right back in the Aussies' paw.It's no secret that successive Australian governments have tended to [...]

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

Cheaper prescriptions and suncare as Aussie pharmacy chain hits NZ

New Zealanders are about to get cheaper prices for prescription drugs and many other everyday items as a big Australian pharmacy chain sets up in Auckland.Chemist Warehouse has opened its first New Zealand store in [...]

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

Mary Holm: Less credit card, more stuff to buy

Whenever I see an advert from a certain bank on TV, it grates with me, because while they seem to promote financial education for their clients and the public, they leave out the most important [...]

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

Behind the scenes at Auckland Airport's $1.8b build

At Auckland Airport, there's a lot of talk about "making your bed when you're standing on it".The airport is booming, with more than 10.5 million passengers passing through the international terminal a year, at the [...]

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

Mercury and Genesis lead market higher, as Air NZ slides

New Zealand shares rose, led higher by gains from Mercury New Zealand and Genesis Energy, while Xero was flat on news that its chief executive had sold 15 per cent of his stake in the [...]

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

NZ dollar headed for 1 per cent weekly fall as commodity prices decline

The New Zealand dollar was heading for a 1 per cent weekly decline in the face of weaker commodity prices. The kiwi dollar traded at 68.58 US cents as a 5pm in Wellington from 68.55 [...]

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

Auckland education company 'preyed on parents' hopes and fears' to sell products

An Auckland educational company preyed on parents' "hopes and fears" about their children's future to sell expensive tuition products, a court has heard.The Commerce Commission charged the Auckland Academy of Learning (AAL) in June... Source: [...]

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

Airport squeeze: working to avoid the crush

Auckland Airport and agencies are working to avoid a repeat of problems last summer when clogged roads meant passengers and airline crew sometimes missed flights.Last month, the arrival of three A380 aircraft at the same [...]

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

Urban sprawl and the land that keeps on giving

You don't have to be a soil scientist to see that the dirt around Pukekohe is something special.Scratch the surface and you'll discover a rich, deep volcanic soil that has supported generations of market gardeners [...]

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

Tegel's plan for chicken farm to create jobs in Northland

A poultry giant plans to set up a broiler chicken farm in Northland with a capacity to stock up to 1.3 million chickens and employ 28 people.Tegel Foods has applied to the Overseas Investment Office [...]

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

Brian Fallow: Nothing radical, we're the RBNZ

The Reserve Bank seems to expect that the review of the Reserve Bank Act will be more an exercise in aligning the legislation with its current practice, than driving any major change in the way [...]

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

Stock Takes: Moves to make Xero stay

Investors may call special meeting New Zealand's fund managers appear to be mobilising to put pressure on Xero to stay listed on the NZX.The accounting software company announced on Thursday last week that its shares [...]

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

John Drinnan: Labour mixes its signals to TVNZ

Labour is challenging TVNZ chief executive Kevin Kenrick's $141,000 pay rise, taking his compensation to $1.3 million a year.Broadcasting Minister Clare Curran was this week reported as voicing concern about "these sorts of increases"... Source: [...]

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

Bellanca aircraft revamp marks 88 years for Hawaiian Airlines

Hawaiian Airlines has celebrated its 88th anniversary by burying a time capsule, dedicating the airline's new maintainence and cargo facility to the man who piloted the company's maiden flight and by revamping its vintage Bellanca... [...]

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

Melbourne man sacked for job-hunting at work

A Melbourne man has scored a A$10,000 ($11,076) payout from his former workplace after he was sacked for using office resources to search for a new job.The man, who worked as a graphic designer at [...]

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

NZ dollar falls against Aussie as improving labour market stokes Australian sentiment

The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia's jobless rate dropped to its lowest level in more than four years.The kiwi fell to 90.24 Australian cents as [...]

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

Christchurch City Holdings to sell up to $150m of 5-year bonds to pay dividends

Christchurch City Holdings Ltd (CCHL), the investment arm of the city council, plans to sell as much as $150 million of five-year bonds, using the money to pay special dividends that will contribute to the [...]

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

Sunfed Meats taken to Commerce Commission over labelling

New Zealand's poultry industry is laying a complaint against a company selling "chicken free chicken", saying its marketing could be misleading.Sunfed Meats, a popular new start up selling a chicken substitute make from pea protein,... [...]

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

Nest Lab's new camera lets homeowners watch break-ins – and yell at burglars

Creators of a new range of security cameras say their products will help prevent home break-ins, burglaries and fires."We've heard from lots of customers who have stopped burglaries or been able to help police identify [...]

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

South Auckland to jump in value by more than 50 per cent

Auckland's southern suburbs could see the biggest rise in property values - a jump of over 50 per cent in most areas - when council unveils its 2017 property revaluation figures. Auckland Council will reveal [...]

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

Flight delayed after passenger refuses to use flight mode

A Qantas flight was forced to return to the gate because a passenger refused to put his tablet on flight mode as required, it has been reported.Melbourne's 3AW was told flight QF2133 from Canberra to [...]

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

NZ shares down on Genesis, Mainfreight falls, Xero bounces

The New Zealand benchmark index dipped back below 8,000 as Genesis Energy and Mainfreight dropped, while Xero recovered somewhat from recent selling.The S&P/NZX50 Index fell 8.06 points, or 0.1 per cent, to 7,999.94. Within the... [...]

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

Union slams 'grotesque' pay for bank bosses

A bank workers' union has labelled some pay packets of bank bosses in New Zealand "grotesque" after one received a 16 per cent pay package rise to over $3 million - a rate 60 times [...]

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

Finance Minister Grant Robertson backpedals on 'ambitious' Stuart Nash over GST

Labour's Finance Minister Grant Robertson has backpedalled on Revenue Minister Stuart Nash's promise to start requiring overseas retailers to collect GST on goods bought by New Zealanders, saying the government was still looking at... Source: [...]

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

NZ dollar rises against Aussie after tepid wage data across Tasman

The New Zealand dollar rose against the Aussie dollar after Australian wages accelerated by less than expected in the third quarter, despite a lift in the minimum wage.The kiwi was trading at 90.56 Australian cents [...]

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

Amazon Down Under: What it means for NZ businesses and market

Amazon sees New Zealand and Australia as one big market and is tipped to be just days away from launching operations across the Tasman."Amazon views Australia and New Zealand as the one market," says e-commerce [...]

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

ASB economists: Next year looks good for pay rises

Next year could be a good one for getting a pay rise, according to ASB's latest quarterly economic forecasts.ASB economists have lifted their forecasts for wage growth in the wake of the election, although the [...]

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

Pohutukawa treehouse with island views to go under the hammer

Overlooking the Hauraki Gulf, nestled among the trees, is a small house with a design that pays homage to New Zealand's own Christmas tree. The picturesque, hillside property with views out to Kawau Island and [...]

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

Small and medium businesses lacking adequate support, industry report reveals

New Zealand's small and medium-sized companies are lacking the support they need to grow, according to a survey of 700 business owners.Not-for-profit organisation Business Mentors is calling for more to be done to bolster the [...]

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

Tesla is a 'hotbed for racist behaviour', black workers say in lawsuit

Tesla Inc.'s production floor is a "hotbed for racist behaviour," more than 100 African-American employees claimed in a lawsuit in which they alleged black workers at the electric carmaker suffer severe and pervasive harassment.The... Source: [...]

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

Juha Saarinen: How to keep hands-free cars on the road

Autonomous cars need close guidance and the SBAS technology aims to do that.Self-driving vehicles are the future, everyone agrees, and clever sensor and camera technologies are being developed to stop them from crashing into each... [...]

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

NZ dollar falls vs Aussie as Australian business conditions hit record high

The New Zealand dollar fell versus the Aussie after a bank survey showed Australian business conditions jumped to a record high last month and amid talk that a $2.2 billion option on the cross rate [...]

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

NZ shares gain as Z and Precinct rise; Tower hits record low

New Zealand shares rose, led higher by Z Energy on lingering optimism over the transport fuels company's outlook and Precinct Properties New Zealand which is tapping the listed debt market. Tower hit a record low.The [...]

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

Political Roundup: The Hobbit law and the power of big business

Like any sector in society, those who own and operate businesses have a vested interest in influencing governments to make rules that favour their operations. And not only is the power of business extraordinarily strong, [...]

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

Bill Gates invests $115 million to build 'smart city' in Arizona

A real estate investment firm owned by Microsoft co-founder Bill Gates has bought a giant plot of land in Arizona for $115 million to be developed into a "smart city".Arizona-based Belmont Partners, one of Gates' [...]

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

Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Tower shares fell to a record low as investors weigh up whether the $70.8 million of new capital they're being asked to provide will provide enough of a buffer against lingering Canterbury earthquake claims that [...]

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

Kiwi retailers warned to get ready for Aussie GST plan

New Zealand businesses are being warned to get ready to charge GST on all exports as Australia gears up to change its goods and services legislation.Australia has updated its GST legislation on low-value goods, meaning [...]

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

New tourism minister faces booming industry worried about taxes and facilities

New Tourism Minister Kelvin Davis will tomorrow front up to a booming industry worried about a looming new $25 border charge and changes to immigration which could aggravate labour shortages.The sector is also keen to [...]

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

Property flipping couple lose in case after $1.7m arrears ran up

A couple who ran up tax debts of over $1.7m on dozens of property sales have failed in their bid to have an Inland Revenue decision and a court ruling overturned.The Court of Appeal has [...]

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

A2 Milk leads sharemarket higher

New Zealand shares were mixed, with A2 Milk rising on a positive presentation to investors while Xero and SkyCity Entertainment Group fell.The S&P/NZX 50 Index rose 2 points, or 0.025 per cent, to 7976.43. Within [...]

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

Tower in trading halt pending capital raise

Tower shares have been halted ahead of tomorrow's annual earnings announcement, where the general insurer will unveil details to raise new capital. The Auckland-based company last week said it planned to raise new capital when [...]

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

Greens will not support revised TPP trade deal

The Green Party will vote against legislation to bring the revised Trans-Pacific Partnership into effect despite PM Jacinda Ardern's assurance it was "a damned sight better" than the original.That will leave Labour reliant on the... [...]

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

Orcon to close Manila call centre, re-establish in New Zealand

Orcon is closing its Manila centre to re-establish it on Auckland's North Shore.The broadband provider said the move, which will create 60 new jobs, is happening because customers prefer dealing with a New Zealand based [...]

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

Mercedes and Nasa help Emirates make latest luxury Boeing 777 suites

Emirates has tonight unveiled completely refreshed interiors for its Boeing 777 aircraft, including it new first-class private suites it says were inspired by Mercedes Benz and technology from Nasa. The leather seat reclines into... Source: [...]

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

Christopher Niesche: Rupert Murdoch's grip is beginning to slip

Rupert Murdoch's six decade long iron grip on his media empire appears to be slipping.The 86 year-old was famous for surprising managers from far-flung outposts of his companies by questioning then closely about a line [...]

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

Export industries welcome the re-branded TPP

The New Zealand Business Forum and the red meat industry have joined in congratulating Prime Minister Jacinda Ardern's re-branded TPP agreement.Ardern and Trade Minister David Parker negotiated the new deal at the Apec Leaders Summit... [...]

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

Luxury travel's hot, handbags are not – how New Zealand's right on trend

A third of high net worth travellers like New Zealand so much they are returning within five years as the world's wealthy ditch luxury items like handbags for travel experiences.A new report on the market [...]

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

PwC Herald Talks: A holistic approach to the sharing economy

The sharing economy isn't just about commercial gain - it's about meaningful relationships, says Nick Shewring, co-founder of coworking operator BizDojo."Everybody's aware of Uber and Airbnb and how they've transformed public transport... Source: NZ Herald [...]

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

Rod Drury: Why Xero is leaving the NZX

Xero's stock exchange listing in 2007 created a platform for our early success and the ability to deliver on our strategy so far to build a significant global business from New Zealand.We feel strongly the [...]

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

Herne Bay mansion goes in month's $45m real estate sell-down

Rich-listers Geoff and Justine Ross have sold their multi-million dollar Auckland mansion.Described by Justine Ross prior to the sale as "shabby chic with modernist undertones", the Herne Bay home once was owned by the Sultan [...]

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

Young Kiwis create world's first portable espresso machine

A young Auckland couple have developed what they say is the world's "truly portable" espresso machine.Brianna Ellin, 18, and 20-year-old Josh Mittendorff spent the past year working with a product designer on the PortaPresso - [...]

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

Liam Dann: Beware more pain at the pump

Petrol prices are on the rise again. Some parts of the country have seen pump prices rise three times in the past week, prompting complaints from the Automobile Association that consumers are being ripped off.I [...]

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

Christmas goodies fly off shelves – in October

Christmas comes but once a year, but festive season goodies are bound by no such time limits.One of New Zealand's leading supermarket chains has shared data about Kiwis' Christmas shopping habits, and they would have [...]

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

Diana Clement: How to save on your food bill

I would rather swim with jellyfish than waste food.According to a Rabobank report, Kiwis throw away a staggering $1.8 billion worth of food each year. This is very bad for our wallets.I have developed some [...]

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

Man thrown off Costa cruise liner in Indian Ocean

A French passenger was thrown off a luxury cruise liner in the Indian Ocean for staging a "mutiny" after the captain cancelled two island stops and gave appalled customers €150 (NZ$252) to spend on board [...]

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

Dutch 'bitcoin family' sells everything, moves to campsite to wait for the cryptocurrency boom

A Dutch father of three who sold all of his family's worldly possessions to invest in bitcoin says the inspiration partly came on a trip through Asia and Australia.Didi Taihuttu, who made headlines around the [...]

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

My biggest investing mistake: fund managers tell all

All investors, no matter how good, make mistakes. They can range from buying a stock for the wrong reasons, to reacting to short-term news and selling a company too soon.Learning from an error and not [...]

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

Lamborghini unveils a self-healing, electric supercar

The next generation of Lamborghinis could act as their own super-powered batteries and be able to repair themselves.Automobili Lamborghini Spa unveiled its Terzo Millennio ("third millennium") concept car at the EmTech conference... Source: NZ Herald [...]

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

Sensitive girls should be taught 'banter' at school to be workplace-ready: headmistress

Sensitive girls should be taught "banter" at school to toughen them up for the world of work, the headmistress of a leading school told the Daily Telegraph . Young women need to learn how to [...]

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

Brian Gaynor: Xero sends a message to the market

Xero's proposed NZX delisting is a huge blow to the domestic sharemarket. The unexpected announcement is accentuated because Xero's founder and CEO Rod Drury was an NZX director from November 2009 to May 2013.Following his [...]

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

Fran O'Sullivan: No TPP glory for Trump

This could have been Donald Trump's finest hour (at least when it comes to leadership and relationship building in the Asia-Pacific).On his maiden trip to Asia, the US President should have been heralding the advent [...]

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

Up for grabs: Is this Auckland's last unnamed beach?

Always wanted to walk along a sandy beach that bears your name? This could be your chance with the sale of a property that sits above what is thought to be Auckland's last un-named bay [...]

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

Air NZ fares to London – how low can they go?

Flight Centre has fired the latest shot in the airfare war, with Air New Zealand return flights to London dropping below $1300The agent says its $1299 fare is the cheapest ever for Air New Zealand [...]

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

Mary Holm: Home-builders caught by the rules

My partner and I are in our 30s and 40s and living in Auckland. A couple of years ago, when we realised we could never afford to buy anything we liked in Auckland, we decided [...]

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

Parking a factor in 'underperforming' CBD – retail rep

Tauranga's CBD is underperforming as a shopping destination according to a new piece of analysis, and a retailers' representative points to parking as the main problem. Tauranga Mainstreet chairman Brian Berry said increasing difficulty... Source: [...]

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

Bethunes narrows first-half loss as Retail Property break fee bolsters income

Bethunes Investments narrowed its first-half loss after benefitting from a break fee when Westgate Power Centre-subsidiary NZ Retail Property Group terminated a proposed reverse listing transaction.Auckland-based Bethunes said its... Source: NZ Herald Business News

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

Rich Lister's advice for those under 35

Rich lister Gavin Faull has a piece of advice for those under 35."Look for jobs with opportunities, don't look for jobs for money," says the head of hotel chain Swiss-Belhotel International.His wealth - put at [...]

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

Why the best workers are fleeing Sydney

There has never been a better time to be a highly skilled worker in search of a corner office, but new data shows tech and finance employees are eager to leave Sydney.Economist at jobs site [...]

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

Vista Group announces share split to increase liquidity

Vista Group International plans to double its shares on issue via a two-for-one split to increase market liquidity.Shareholders will receive two ordinary shares for every one ordinary share held at 5pm on the record date [...]

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

Emirates gets corporate jets for pilot training

Emirates has got the first of its corporate jets made by Brazil's Embraer to train pilots at its new academy in Dubai.The airline has taken delivery of the first of five Phenom 100EVs that will [...]

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

Next big thing for investors, or the next big bubble?

Kiwi investors are flocking to exchange-traded funds (ETFs), joining a global trend which has seen record amounts of money flow into the funds.But there are concerns that such funds are fuelling an unsustainable sharemarket bubble... [...]

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

Domino's launches high-tech solution to common pizza gripe

Are you tired of opening a pizza box to discover a meagre serving of your favourite topping? Do you hate when the best bits are all on one slice, or worst of all, when it's [...]

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

Stock Takes: Milk firms' shares slip after stellar run

It had to happen some time.A2 Milk and its affiliated supplier, Synlait Milk, have seen their share prices plummet after a stellar run.Both stocks received an added boost when, in September, Synlait received registration to [...]

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

Brian Fallow: Why the long faces about the economy?

There has been more than a whiff of gloom and dread in the business confidence surveys of late, but the Reserve Bank is taking a more cheerful view."Overall, the economic outlook is very positive," governor [...]

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

How the Paradise Papers reveal the tension between rock stars and the tax man

"It's one for you, 19 for me" ran George Harrison's scabrous jibe at the "Taxman" in 1966, a bitter riposte to the 95% supertax that Prime Minister Harold Wilson's Labour government had imposed on the [...]

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

Auckland units sell for more than $3 million, buck nationwide downwards trend

Two units in Auckland's eastern suburbs that sold for more than $1 million above CV have bucked a nationwide trend of declining sales and values. The two units on Mission Bay's Ronaki Rd sold at [...]

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

NZ petrol prices hit two-year high of $2.13 a litre; slammed as unjustified

Rising petrol prices have been causing pain at the pump as fuel hits a three year high - and the latest rise is unjustified, the Automobile Association says. AA petrol price spokesman Mark Stockdale said [...]

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

Economy Hub: Making sense of the Reserve Bank's first post election decision

Reserve Bank governor Grant Spencer has warned against over playing forecast hikes to interest rates, saying the next move could still be down.The Reserve Bank left rates on hold at 1.75 per cent today, however, [...]

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

It's goodbye to the BRICs, hello Africa

The so-called BRIC grouping will become "almost irrelevant", says a senior partner at consulting giant McKinsey.The BRIC nations - Brazil, Russia, India and China - were once the poster children for economic growth. However, the... [...]

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

Gadget review: Xbox One X

What is it? According to Microsoft, the Xbox One X is the "world's most powerful console". It promises "faster load times," "steadier frame rates" and "better resolution" for a "more immersive" gaming experience. After trialling... [...]

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

Price fall drags on dairy forecast

Fonterra's milk price forecast for the current season remains under downward pressure after product prices fell by 3.5 per cent at the latest GlobalDairyTrade auction.However, economists said the weaker New Zealand dollar would... Source: NZ [...]

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

People becoming more gloomy about property: ASB survey

People are becoming more gloomy about property as price expectations hit a six-year low and interest rates are expected to rise.The ASB Housing Confidence Survey out today showed many of the 2777 respondents expected interest [...]

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

Philip Barry: An electricity price review should look at network operators

The coalition agreement has a review of retail electricity prices among the priority actions to be undertaken by the new Government in its first 100 days. This raises the questions, what underlies the desire for [...]

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

Mike Hosking: Let's not get too picky about our trade partners

Russia, screamed the headline, is the new Government's first crisis.Crisis is a very strong word and - as it turns out - completely misused in this particular case.The "crisis" was the revelation that deep inside [...]

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

Aaron Drever, disgraced former real estate agent, takes over Nosh store

A man once branded the country's worst real estate agent has reinvented himself as a grocer and says he's turned over a new leaf.Aaron Drever is the man behind the Grocer's Market, opening in the [...]

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

Super Fund used firm at centre of 'Paradise Papers' leak

The New Zealand Superannuation Fund has used the Bermuda-based law firm Appleby at the centre of the 'Paradise Papers' tax papers leak.The fund's manager, Guardians of New Zealand Superannuation, today said it used the law [...]

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

Business coach Kimberly Sumner shares tips on how women should ask for a pay rise

Female employees are likely to be putting in the hard yards - but not getting the glory in return, an Auckland business expert said.Women's corporate coach Kimberly Sumner wants to empower ladies to get valued [...]

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

Cooking the Books podcast: Why you should be keeping an eye on bitcoin

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's working out what all the fuss is about bitcoin, and whether you should be getting [...]

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

Appeal dismissed in winery shareholder spat

The Court of Appeal has dismissed a challenge from the owner of a Central Otago winery over orders that it buy a fellow shareholder's stake for $2.62 million.Greg Hay, co-founder of Peregrine Wines, wished to [...]

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

Dairy product prices fall for third straight GDT auction

Dairy product prices fell for the third straight time at the latest Global Dairy Trade auction as whole milk powder extended its decline and skim milk powder recovered.The GDT price index fell 3.5 per cent [...]

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

Fran O'Sullivan: Eyes of world on our Coalition of Change

Parliamentary pratfalls - no matter how entertaining - will not be how the Ardern Government is judged by the grown ups.The Ardern Administration is displaying considerable pragmatism in its first days in power.The disorder in... [...]

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

Brent Sheather: Super Fund's farm buys look good value

The NZ Super Fund recently announced that it had made its first offshore farm investment taking a stake in a leading Australian beef stud. This brings the fund's rural land portfolio to 33 farms worth [...]

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

$187b bid for Qualcomm a tech sector record breaker

Qualcomm is preparing to reject a US$130 billion ($187.7b) takeover offer from US microchip rival Broadcom that, if agreed, would be the biggest technology deal of all time.Broadcom confirmed the mammoth cash, shares and debt [...]

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

Vodafone leaves iPhone X customers waiting until Xmas

Some unhappy mobile phone customers will have to wait till nearly Christmas before they get to hold their latest model Apple iPhone.While many tech junkies already have or continue to collect their dream phone, those [...]

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

Liam Dann: Market relieved as Govt sets out Reserve Bank plan

Details of the Government's Reserve Bank Act review provoked a rise in the dollar suggesting global markets were untroubled by fears that it might weaken monetary policy.Finance Minister Grant Robertson unveiled a two-phase review... Source: [...]

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

Air fare war heats up: London flights on Air NZ even cheaper

A price war has broken out for Air New Zealand flights to London, with one travel agency offering return tickets for $1399.This follows House of Travel yesterday selling what it said was the best Air [...]

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

Fonterra buys into Lithuanian dairy company

Fonterra has spent $11.5 million to take a 10 per cent shareholding in Lithuania's biggest dairy producer, AB Rokiskio Suris.The co-operative said the move would secure a supply line of high-value whey ingredients while opening... [...]

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

Norovirus outbreak plagues cruise ship bound for Auckland

A passenger on a cruise ship plagued with a vomiting and diarrhoea bug says he only learnt previous guests had been struck down with the same thing once they set sail.Sydney man Walter Gibian and [...]

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

Juha Saarinen: iPhone X not perfect, but a glimpse into the future

How do you get consumers to part with $1800 to $2100 for a smartphone? That's the question Apple sought to answer with the iPhone X, which despite the high price has become a new consumer [...]

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

Soaring stockmarkets stoke fears of devastating crash

Soaring stock market valuations on both sides of the Atlantic are stoking fears of a looming correction as valuations hit levels not seen since the dotcom bubble and the eve of the Wall Street crash.Stocks [...]

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

First-home buyers jump as investor numbers fall

Westpac says there has been a big drop in property investors since new loan-to-value ratio rules aimed at the amount of low-deposit mortgage lending came into play last year.However, the bank's lending to first-home buyers [...]

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

Mike Pero chased for $2.2 million overpayment

Mike Pero Mortgages has been given the green light to pursue its founder and namesake for $2.2 million that he overpaid himself at their jointly-owned real estate business.The move is the latest in a long-running [...]

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

Westpac earnings soar to $970m

Westpac New Zealand chief executive David McLean is hopeful a slowing local property market will consolidate and income levels will rise to make housing more affordable over the long term.The bank yesterday said lower impairments... [...]

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

ANZ boss paid $4.3 million in 2017

ANZ's boss in this country David Hisco was paid $4.27m this year, down slightly on what he earned in 2016.The latest annual report from ANZ reveals that Hisco, New Zealand chief executive, received remuneration of [...]

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

Agent says its Air New Zealand fares to London are the best ever

House of Travel is selling what it says is the best Air New Zealand airfare to London it's ever offered.Passengers can fly economy from $1649 return a person aboard during March and April next year.The [...]

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

Trustpower profit up 80%, hopes price inquiry will be broad

Trustpower hopes the government inquiry into retail power prices will be wide and take into account all factors that push up bills.The new Government will hold an inquiry into prices with its scope determined before [...]

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

Viv Beck: Waterfront plan stop-gap thinking to placate public

Viv Beck is chief executive of Heart of the City Plans released by Ports of Auckland last week respond to issues that have been raised by the public, which on one level is positive. They [...]

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

Mortgage fraudster loses Supreme Court bid

The woman at the centre of a $9.2 million mortgage fraud has lost another bid to challenge her jail sentence - this time before the Supreme Court Eli Devoy, in her late 40s, was sentenced [...]

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

EcoStock turning food waste into millions

Food waste recycler EcoStock is turning other people's rubbish into millions of dollars.The Auckland business deals with eight double-decker buses of food waste every day - seven days a week.The company buys vegetable scraps,... Source: [...]

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

Local Focus: Cycling on water now a reality

Walking on water may be the stuff of miracles. But thanks to one Hamilton man, biking on water is now a reality.Guy Howard-Willis, the founder of Kiwi cycling company Torpedo7 , has turned his dream [...]

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

Small Business: How a stint in Nepal sparked a business idea – The Rubbish Whisperer

The Rubbish Whisperer founder Helen Rupp's time in Nepal opened her eyes to the problem of plastic and she started her Christchurch business to combat how much plastic ends up in the ocean. What does [...]

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

Spike in Rotorua rents worries property experts

By Katee Shanks and Sinelle Fernandez Rotorua tenants, including "double-income families" are being locked out of the rental market as weekly prices soar 20 per cent in 12 months.The latest Trade Me Rental Property Index [...]

By | November 5th, 2017|Categories: Business