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China's crackdown on cryptocurrency trading – a sign of things to come

The Chinese government's decision to order several Bitcoin and other cryptocurrencies exchanges to close shows how much of a threat they are perceived to be to financial stability and social order in China. The decision [...]

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

Amazon signs deal to boost its US restaurant delivery service

Amazon wants to deliver more burritos and hamburgers to your doorstep.The e-commerce titan has been working to crack the code on food delivery for at least a decade. Now that Amazon has a major toehold [...]

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

How electric cars can create the biggest disruption since iPhone

It's 10 years since Apple unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self-driving technology, could be about to pull the same trick [...]

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

Fran O'Sullivan: Risk mitigation absent in jet-fuel pipeline case

Country made to look like Mickey Mouse. Congratulations, New Zealand Inc. Once again 'You' (businesses, the defence forces, local and central government) have proved you are great in a crisis.But the brutal truth is that [...]

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

Mary Holm: Trying to time markets is unwise

Q: I am 66 and my husband is 75. We have adequate income from NZ super and teacher super, interest and dividends to live comfortably. We are not big spenders but have children who are [...]

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

Travel bonanza: Airfares and cruise packages drop as competition heats up

Airfare deals including return fares to Europe for under $1100 and 7-night Mediterranean cruise for $565. Cut-throat competition between airlines and the growing range of holiday packages are pushing prices down for overseas travel... Source: [...]

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

Does 'unlimited' really mean unlimited?

Unlimited: Not limited or restricted; infinite. Companies are increasingly using the term in relation to the services they offer, particularly in the competitive telecommunications market where non-capped data, broadband and calling... Source: NZ Herald Business [...]

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

Airbnb operators may be hit by bed tax

Auckland Council is looking at applying the new hotel and motel bed tax to Airbnb operators.But it has no plan to compile a register of longterm rental properties despite a report that indicates that half [...]

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

No flight disruption to school holidays – Collins

Energy Minister Judith Collins says she's confident there will be no disruptions to school holiday travel as jet fuel allocations at Auckland International Airport were increased today.Carriers' fuel allocations have been raised... Source: NZ Herald [...]

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

Spring Creek mine at Dunollie to be broken up and sold by tender shortly, says Solid Energy

The coalmine that once fired the Greymouth economy will be broken up and sold in bits by tender shortly, Solid Energy says.The pumps have already started to flood part of the Spring Creek underground mine [...]

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

Man buys grandchildren a $4 million apartment block

A man from Sydney's hills district may just be the best grandpa going around - after he bought a block of four apartments in Neutral Bay for his grandkids at auction last night.The four renovated [...]

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

Money arm wiped $40.1m from Warehouse bottom line

The 73.9 per cent slide in The Warehouse Group result was mainly due to its ill-considered move into financial services, causing a one-off hit to its bottom-line of $40.1m.Financial services was estimated to have been [...]

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

Gear Friday: The Samsung Frame

Television makers try something new every year to sell more sets. We've gone from 3D to curved screens, high resolution and now... Samsung's thinks art is it, with its Frame TV.That means no more outlandish [...]

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

Silver entrepreneurs make their own jobs

There's a rising tide of new entrepreneurs going into business for themselves - and they're not the hip young things you might expect.Statistics NZ data shows the number of over-50-year-olds who are self-employed but without [...]

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

KiwiSaver provider launches income fund

Low-cost KiwiSaver provider Simplicity has launched a new fund that allows people to convert their savings into a regular income at retirement.Currently KiwiSaver members can either choose to take some or all of their money [...]

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

Stock Takes: Disclosure a muddy area

It could be months before investors know the outcome of a complaint made to the NZX over the timing of NZ Refining's announcement to the market about its burst pipeline.The refining company released its announcement [...]

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

Brian Fallow: How are we doing? The numbers tell the story

Political polls are not the only source of statistical insight into how people might be feeling on the eve of the election. There is information to be gleaned from the routine flow of economic data, [...]

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

Higher milk prices tipped to eat into Fonterra's profit

Fonterra is expected to produce a slightly weaker annual result on Monday as higher farmgate milk prices, which act as a higher input cost, eat into its margins.The farmgate milk price was $6.15/kg of milksolids [...]

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

No fuel-related cancellations expected tomorrow: Air NZ

Air New Zealand believes it won't have to cancel any flights because of fuel issues tomorrow and says its planes should run according to schedule.Thousands of passengers were disrupted this week after a pipeline carrying [...]

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

Liam Dann: Why both parties face a fiscal hole

The last big economic stats before the election - GDP and migration - are not likely to shift many voters but they do offer a warning for the next Government.All the major parties are basing [...]

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

'Middling' economic growth as election looms

The last major statistical release before this Saturday's general election showed the economy grew at modest pace in the June quarter, aided by a strong performance from the retail sector, but with weakness emerging in [...]

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

'No comment ' from firm's media spokesman as Coca-Cola shrinks can size by nearly 10 per cent

Coke is reducing its can size by nearly 10 per cent, with one Wellington fizzy drink lover saying he's now short almost two cans of coke in a 24-pack.The company has shrunk its standard can [...]

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

Refining NZ to pay investors next week amid pipeline repairs

Refining NZ is sticking to its plan to pay shareholders a dividend next week as it works to repair its ruptured pipeline.The company will pay investors a dividend of 6c per share next Thursday, the [...]

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

Labour and National housing plans 'cynicism, no substance': expert

Both the Labour and National parties are making promises they are unable to keep about solving the country's housing shortage, says the head of one of the country's largest land development consultancies.Woods managing director... Source: [...]

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

Raybon Kan: Digger hitting a fuel line an on-brand Kiwi crisis

So we know it was a digger, but we don't know whose digger? Odd. But on the bright side, the Isis kauri squad haven't faxed in to claim responsibility. Just think: a few thousand more [...]

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

Fran O'Sullivan: English looking ahead but rival is a sensation

Two more earthquakes, a failed fuel pipeline, election claims and counter-claims - this is no time for complacency.The sooner the election can be put to bed and an energetic and focused Government gets down to [...]

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

Mercury leads sharemarket higher

By Paul McBeth New Zealand shares rose for a second day as stocks weighed down by fears about the jet fuel shortage in Auckland such as Air New Zealand and Z Energy joined other companies [...]

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

This is how long your emails should be

A work email should be no longer than a text message.If you use it as anything other than a "quick messaging system", you can easily waste countless hours every week participating in lengthy email exchanges, [...]

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

How the NZ dollar reacted to tonight's poll

The New Zealand dollar jumped half a cent when the latest poll showed the National Party leapfrogging its nearest rival ahead of Saturday's general election.The kiwi reached as high as 73.72 US cents and was [...]

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

$50b apartment sector shake-up promised post-election

National and Labour are planning a post-election shake up of the $50 billion apartment sector, dogged by disputes, power struggles, lax governance, lack of pre-purchase disclosure, poor maintenance and management plans and financial... Source: NZ [...]

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

Wet weather could push butter prices even higher

Butter prices may push higher still if the weather does not start to improve, says ASB rural economist Nathan Penny.At today's GlobalDairyTrade auction, butter prices continued their record-breaking run while whole milk powder put... Source: [...]

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

Simon Moutter: Facing uncomfortable truths about diversity

This week Spark managing director Simon Moutter spoke at the Global Women 1 Day for Change summit. Here is an abridged version of his speech. Over the last couple of years at Spark, we've thrown [...]

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

Fonterra unit encouraged farmers to attend Morrinsville march

Farmers were encouraged by Fonterra subsidiary Farm Source Waikato to attend Monday's march in Opposition leader Jacinda Ardern's home town of Morrinsville, where many voiced their opposition to Labour's plan to introduce a tax on... [...]

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

Fuel crisis could make Auckland traffic worse

Auckland Mayor Phil Goff says he is prepared to use specially controlled traffic lights and bus lanes to get tankers through city streets in a bid to solve the fuel crisis.Goff told the Herald Auckland [...]

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

Truck driver on 'unlimited' 2Degrees calling plan told to cut down

An Auckland truck driver is perplexed and annoyed after receiving a text message from his mobile phone provider saying he needs to cut down on calls, despite paying for "unlimited" calling.Mike Oliver received a text [...]

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

PM's key infrastructure plan didn't include fuel pipeline to Auckland

The fuel pipeline ruptured by a digger was left out of a "national infrastructure plan" overseen by Prime Minister Bill English despite warnings its loss could "cripple" Auckland transport.The latest version of the plan developed... [...]

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

Synlait success has stock at record high

New Zealand shares inched up, with Synlait Milk touching records, A2 Milk gaining after Synlait's positive earnings and New Zealand Refining recovering.The S&P/NZX 50 Index rose 5.82 points, or 0.08 per cent, to 7,764.53. Within... [...]

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

Civil Aviation Authority deputy chair resigns

The deputy chairman of the Civil Aviation Authority has resigned after he told an airline he governs that a rival carrier was going to be grounded.The authority grounded Tauranga-based airline Sunair Aviation on September 8 [...]

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

Nike rolled in 'crazy' adidas takeover

For the first time in their modern rivalry, Nike has reason to fear adidas.When it comes to footwear, the swooping tick has always been untouchable, but dramatic sales figures released by a market research company [...]

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

Refinery pipeline crisis: Fuel supplies dwindle in Pacific

Air New Zealand is being forced to fly an empty plane to Wellington to refuel before flying on to long haul destinations as supplies dwindle in the Pacific.As rationing continues to hit airlines, Air New [...]

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

Thirteen Z petrol stations now out of 95

Thirteen Z Energy service stations are out of 95 octane petrol as a result of the ruptured Marsden Pt fuel pipeline, the company says.This morning just four Z stations were out of the premium fuel, [...]

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

Juha Saarinen: The Equihax nail in the privacy coffin

As details of the Equifax massive spill of personal, sensitive information on 143 million people mostly in the United States emerge, it's hard to come to any other conclusion that the company didn't have the [...]

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

Sharemarket steady as election looms

New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose.The S&P/NZX 50 Index fell 3.95 points, [...]

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

NZ dollar gains regardless of election countdown

The New Zealand dollar gained as investors became more sanguine about the outcome of Saturday's election, regardless of who wins and as risk appetite improved in Asia. The Kiwi dollar traded at US73.12c at 5pm [...]

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

Cost of pipeline rupture spills across economy

Costs are mounting for businesses hit by the fuel pipeline rupture with airlines forced to make expensive stops at overseas airports and NZ Refining estimating it may cost up to $15 million in revenue.On the [...]

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

New swamp kauri claims over ruptured pipeline – they were 'digging around for a log'

Digging at the site of the critical fuel pipeline was identified as an "exploratory" search for swamp kauri the day before the rupture happened, according to an industry insider with stories of the extraordinary wealth [...]

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

Refining NZ tells social media about leak days before stock exchange

Refining NZ first revealed that there was a problem with its pipeline to Auckland last Thursday when it posted about it on Facebook but it was not until Sunday that the full extent of the [...]

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

NZQA closes Christchurch school for foreign students

Another business school for international students has been closed for breaking the official rules.Retail Business and Management College (RBMC), a small college with 31 international students in Christchurch, has had its registration... Source: NZ Herald [...]

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

The Block NZ properties sell for $300k more than street's average

The Block NZ houses sold for at least $300,000 more than the average value of other properties on the same Auckland street.Before last night's auctions, the houses on Potter Ave in Northcote had been tipped [...]

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

Air New Zealand CFO Rob McDonald to retire

Air New Zealand chief financial officer Rob McDonald will retire at the end of the year and will be succeeded by group general manager of corporate finance, Jeff McDowall.McDonald has been with the airline for [...]

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

Comment: Airport fuel crisis – why airlines have to prepare for anything

Airlines are used to dealing with the unexpected. But a fuel pipeline rupture in a Northland swamp where a digger was working would have been way down the list of the contingencies they prepare for.Uncertainty [...]

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

Air fare fight looms as Hawaiian Airlines boosts its Auckland-Honolulu service

Hawaiian Airlines is boosting its New Zealand service to five flights a week between Auckland and Honolulu, a move that is likely to push fares down further on the increasingly competitive route.The airline has for [...]

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

NZME announces Deloitte Top 200 Awards

The Deloitte Top 200 Awards evening, in partnership with NZME Events, will be held on Thursday November 23 at Spark Arena. The awards which have been held annually for 28 years will be themed on [...]

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

Man burned by caustic beer awarded $1 million

A man whose esophagus and stomach were severely burned when he drank a beer tainted by a caustic chemical at an Atlantic City casino restaurant has been awarded US$750,000 (NZ$1.03m).A jury on Friday awarded the [...]

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

What impact June quarter GDP data could have on the election

This week's growth data looks unlikely to provide any last-minute fodder for political parties in the leadup to Saturday's general election, with economists expecting the release to show the economy put in a fair-to-middling performance... [...]

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

Start-up could reduce roadkill accidents by 90%

Scientific American reports that one to two million animals are killed by motorists every year in the United States - the equivalent of one collision every 26 seconds. That doesn't include all the raccoons, skunks [...]

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

Christopher Niesche: Aussie supermarkets gear up for Amazon

Australia's big supermarkets are gearing up to meet the threat of Amazon, with Woolworths planning to offer what it calls extreme convenience.With the US online retailer expected to start operations in Australia in the next [...]

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

Qantas boss receives colossal pay rise

Qantas chief executive Alan Joyce has almost doubled his pay packet, with a massive bonus taking his annual earnings to almost A$25 million (NZ$27.4m).The 51-year-old earned the 90 per cent jump in remuneration from his [...]

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

Manuka honey – snake oil or science?

By Nural Cokcetin and Shona BlairManuka honey is often touted as a "superfood" that treats many ailments, including allergies, colds and flus, gingivitis, sore throats, staph infections, and numerous types of wounds.Manuka can... Source: NZ [...]

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

Got old phones? Here's how to reuse, recycle or sell them

It's natural to get the phone-upgrade itch when the likes of Apple, Samsung and others keep coming out with newer models. And sometimes your old phone is just kaput. But what do you do with [...]

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

Finding land for a tiny house just became a whole lot easier

Kiwis are offering up their land for tiny home buyers to move their portable houses on in temporary and permanent deals.A new website, Landshare has been set up to provide a place for people looking [...]

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

Liam Dann: Why aren't food prices an election issue?

Food prices hit fresh highs in August. It was a continuation of a trend that has seen big spikes in dairy and fresh produce, running in stark contrast to general levels of inflation for consumer [...]

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

Diana Clement: How to save $20 every day

I bet there's $20 a day that could be cut from almost every reader's spending. The suggestion will bring howls of protest from some corners - but check out your bank statement and tell me [...]

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

The business of addiction: how the video gaming industry is evolving to be like the casino industry

The video gaming industry has transitioned from a group of backyard innovators to an industry of multi-billion dollar companies, hiring psychologists, neuroscientists and marketing experts to turn customers into addicts. The latest... Source: NZ Herald [...]

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

Renault-Nissan-Mitsubishi bets on spike in electric cars

The Renault-Nissan-Mitsubishi alliance is gambling that mass-market drivers are going to pivot soon to electric cars, announcing plans Friday to produce 12 new electric models by 2022 and to make electric cars 30 per cent [...]

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

Former Air New Zealand boss Rob Fyfe appointed to board of Air Canada

Former Air New Zealand boss Rob Fyfe is heading back to work for an airline after being appointed to Air Canada's board.Fyfe is credited with helping turn around Air New Zealand's commercial fortunes and introducing [...]

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

The interview: Trade Me CEO Jon MacDonald

Auction website's boss tells Tamsyn Parker he's ready for giant rival. Jon MacDonald appears surprisingly relaxed and confident for a man whose company may be only weeks away from a closer encounter with the competition-crushing... [...]

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

Crunch time for Budget numbers

Parties' expected surpluses much the same - but health is a key difference. Either Steven Joyce or Grant Robertson is likely to be writing the next three Budgets.One week from the general election, what do [...]

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

Mary Holm: A tale of two Auckland houses

Q: Here is our dilemma: we are in our mid-40s with two kids aged 9 and 11. I work full-time and make $175,000 a year and my partner is a stay at home dad (I [...]

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

Xero chief executive Rod Drury reveals what's next for his firm

It's been 11 years since Wellington-based company Xero was founded, 10 years since it went public, and chief executive Rod Drury says it has the potential to become a tech powerhouse like Amazon, Facebook or [...]

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

Bian Gaynor: Reflecting on the heady heights of '87

Thirty years ago, on Friday, September 18, 1987, the long-standing NZX benchmark index reached an all-time high of 3968.89. This capital index, which is now called the S&P/NZX 50 Index, has never returned to this [...]

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

Is iPhone X the apple of their eye?

Ten years since Steve Jobs held up the first iPhone, the tech giant has upped the gadgetry, and price, for the latest $2000 incarnation, writes James Titcomb. In the summer of 2013, it looked very [...]

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

Apartment buyers left in debt as Aussie banks 'pull plug'

Up to 5000 apartment buyers could be left tens of thousands of dollars in debt after borrowing deposits for unbuilt units they cannot get the remaining funds for.Martin Dunn, of estate agency City Sales, said [...]

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

Economy Hub: What's the most important economic statistic?

What's the most important economic statistic? We put it to finance candidates - National's Steven Joyce and Labour's Grant Robertson - at the Mood of the Board Room this week. The answers were stark and [...]

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

Blastacars drift karts racing into the future

Blastacars Drift Karts is revving up to share its unique indoor drift karting experience with a new generation of thrill seekers and become a must-visit Waikato destination for visitors and locals.The Blastacars team has been [...]

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

Online grocery delivery hampered by picky shoppers

Despite the best efforts of Coles, Woolworths and a growing number of grocery delivery start-ups, Australians have failed to embrace buying their groceries online.According to research firm Roy Morgan, the number of shoppers who... Source: [...]

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

Juha Saarinen: Blueborne, the massive security Bluetooth-ache

Another week, another giant IT security issue: billions of devices out there have wireless Bluetooth networking, and heaps of them are totally insecure.That means bad people can have a go at new and old smartphones, [...]

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

Labour softens KiwiSaver compulsion stance

Labour has softened its plans on how to make KiwiSaver compulsory saying it would consult with unions and business first, if elected into government.In the run up to the 2014 election Labour's policy was to [...]

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

Stock Takes: Investors on hold as Vodafone ponders NZ listing

The possible addition of Vodafone New Zealand to the NZX is seen by investors as a definite plus for the local market which, despite another stellar year, has been starved of new listings.This year has [...]

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

Kiwi health tech company sold offshore

New Zealand health tech success story HealthLink has been bought by the cash-rich Clanwilliam Group, which is on the hunt for more Kiwi companies.It was announced today that the Clanwilliam, which is backed by the [...]

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

Brian Fallow: Two tracks to lower emissions

One possible outcome of the general election is a Labour-Greens coalition, in which case one of the most interesting areas for negotiation would be climate policy.The climate change policies the two parties have recently released... [...]

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

Yellow rebrands, celebrates turnaround

Long-time directory business Yellow is rebranding to reflect the company's focus on its role as a digital advertising agency.The iconic black fingers on a yellow background will remain on the directories but from today, Yellow... [...]

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

My three years in identity theft hell

By Drew Armstrong The banker at Wells Fargo looked across her desk at me with the pained expression of somebody who wants to sell you something but can't."I see you already have several accounts with [...]

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

Shareholders Association takes aim at Turners placement

The New Zealand Shareholders' Association has Turners Automotive Group in its sights after the auto and finance firm raised funds through a placement to sophisticated and wealthy investors. The retail investor lobby group has been... [...]

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

Don Christie: Data should stay in New Zealand

Michael Brick of Microsoft asserted last month that it doesn't matter where data is stored so long as privacy risks are understood and mitigated. We strongly disagree.Any data sent out of New Zealand is subject [...]

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

Inside New Zealand's first Pak'nSave Mini

The famous yellow livery is unmistakable but the size of the first Pak'nSave Mini in the country is also immediately obvious.The Pak'nSave Mini is being trialled first in Levin and will offer 2500 key products [...]

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

Those seven Labour taxes – what's left in play?

Labour's undefined tax policies left them vulnerable to National attack ads which warned of seven new taxes or tax hikes. Based on the most recent polls National's strategy appeared to be working.Now that Labour has [...]

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

Businessman loses $305,000 deposit on Sydney trophy home

It was supposed to secure his dream home in Sydney's eastern suburbs, but A$277,000 ($305,000) has evaporated into thin air.Property developer Peter Zhu has forfeited his down payment on a luxury property in Bellevue Hill, [...]

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

Colleague leaves ultimate passive aggressive note over toilet seat 'hovering'

A journalist in the United States has lifted the lid on one of the most pressing dilemmas of the modern workplace.Amanda Terkel, Huffpost's Washington bureau chief, tweeted a passive-aggressive note spotted in her office bathroom,... [...]

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

S&P says NZ housing needs to cool further

The New Zealand housing market needs to cool further and credit growth needs to slow to remove risks to the wider banking system, Standard & Poor's says. In an update on New Zealand's banking sector, [...]

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

Houses across NZ taking longer to sell

Selling up and moving out is no easy feat as houses across the country languish on the markets for weeks, and in some cases years, before being sold. Property figures indicate houses are taking longer [...]

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

Cooking the Books podcast: Ten ways to save a buck in your daily life

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's ten ways everyday people have cut down their costs. Hosted by Frances Cook. Money experts [...]

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

Apple pays tribute and casts ahead in keynote

Apple's September 2017 keynote event was all about paying tribute to what the tech giant has done in the past and casting forward to what it could be in the future.The event began with the [...]

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

Opinion: Why I am not going to buy the iPhone X

I can already hear the keyboard strokes of Apple fanboys getting ready to abuse me on Twitter, but there is no way I am paying over NZ$2000 for the iPhone X.The device has an edge-to-edge [...]

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

Juha Saarinen: 60-day expiry has users HOPping mad

There have been sour comments from techies about the AT HOP card debacle that saw online top ups disappear after 60 days, and the usual rage against media getting it wrong.Some of it is fair [...]

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

Live: New iPhone announcement from Apple

Tech enthusiasts will be watching closely this morning as Apple unveils its highly anticpated iPhone 8, a decade after the groundbreaking smartphone first entered the market.Today, one thousand journalists, executives and VIPs are... Source: NZ [...]

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

Labour's pay policy a return to 'the bad old days': Steven Joyce

Labour's industrial relations policy would take New Zealand back to the "bad old days of the 1970s" when a job's value was decided in Wellington, says Steven Joyce.The Finance Minister took aim at Labour's Fair [...]

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

Blue chip companies drag shares down

New Zealand shares fell as CBL Corp extended its decline, while retirement stocks Arvida Group and Metlifecare were sold on pre-election jitters.The S&P/NZX 50 Index slipped 11.34 points, or 0.1 per cent, to 7840.41. Within [...]

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

Mark Lister: Why a capital gains tax won't be a game changer for first home buyers

The election odds appear slightly in favour of a Labour-led government. On the tax front, this means uncertainty in the short term and some potentially major changes further out.The lack of detail is a concern, [...]

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

Christchurch developer David Henderson battles restrictions after bankruptcy lifted

A Christchurch property developer who was bankrupted twice is battling a judge's processes for restricting his ability to manage a business and accrue debt.David Henderson was bankrupted for the second time in 2010 owing at [...]

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

What to expect at Apple's biggest event in years

On Tuesday, Apple chief executive Tim Cook will take the stage for the first time in the Steve Jobs Theater at its new campus. Apple plans to unveil three phones-another first-including a premium model that [...]

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

Glass mix-up sees $18k worth of wine given away

A Christchurch bar claims it gave away $18,00 worth of wine due to incorrectly printed pour lines on its wine glasses. The glasses, from Southern Hospitality and marked by a third party, were lined for [...]

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

CropLogic drops 15% on ASX debut

CropLogic, the agricultural technology company, has first traded on the Australian stock exchange at 17 Australian cents, a 15 per cent discount to its initial public offering price.The company, which counts Powerhouse Ventures... Source: NZ [...]

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

Trump a major factor impacting NZ business confidence

By Tim McCready The "Trump factor" is one of the major issues impacting chief executives' confidence in the global economy.In last year's Mood of the Boardroom survey - held just over a month before the [...]

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

A strong mood for change among business leaders

There is a strong mood for change among the 118 respondents to the Herald 's Mood of the Boardroom Election Survey.Some 88 per cent see Ardern as the lightning rod which could catapult Labour to [...]

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

How do the chiefs rate the leaders?

The Game Changer Jacinda Ardern's charisma, her ability to appeal to a younger generation, and her much sought after 'cut-through' that former leader Andrew Little just couldn't seem to muster are some of her most [...]

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

CEOs give their report cards on National Government

By Tim McCready When asked to consider the National-led Government on its performance in key areas since the 2014 election, CEOs rated the Budget surplus focus at 4.55/5 most highly, followed closely by economic growth [...]

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

Liam Dann: We're in good shape, but must stay prepared

Business leaders are upbeat about their prospects for growth in the coming year and that is good news for the economy.More than half, 56 per cent, expect to authorise more capital expenditure - just 12 [...]

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

Long/short equity strategy can safeguard against drop

New Zealand's current investment backdrop is one which has seen a significant increase in asset values (including across shares, bonds and property), as well as some unusual activity in respect of asset correlation.These factors... Source: [...]

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

NZ shares mixed as A2, F&P Health hit records

New Zealand shares were mixed with exporters A2 Milk Co and Fisher & Paykel Healthcare hitting record highs as a weaker kiwi dollar boosts their overseas earnings, while CBL Corp dropped amid a gloomy outlook [...]

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

NZ dollar falls as greenback recovers with weakening Irma

The New Zealand dollar fell as fears around the US dollar eased with the weakening strength of Hurricane Irma, the lack of further weapons testing by North Korea and less demand for safe havens such [...]

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

First Credit Union customers unable to use cards

Some First Credit Union customers have been hit with issues after the bank migrated to a new core provider and a new debit card provider.One customer got in touch with the Herald saying she was [...]

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

Auckland to New York direct flights on the horizon, Air NZ boss says

Air New Zealand has hinted an Auckland-New York direct route is on the horizon, once it acquires new airplanes.Chief executive Christopher Luxon told Forbes the airline is in the top five in the world in [...]

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

Getting more housing, making it more affordable: what's the plan?

Housing has been a key issue as the election draws near and the main political parties' policies on development, first-home ownership, tax, foreign buyers and increasing supply in high-demand areas such as Auckland differ widely.From... [...]

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

Fear of a Labour/Green Gov 'gone' says business leader

Fear of a Labour/Green Government in the business community is well gone, says SkyCity chairman-elect Rob Campbell.Speaking to Fran O'Sullivan for the Herald 's Mood of the Boardroom series, Campbell said the Jacinda effect of... [...]

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

Major housing development planned for prime Dominion Rd site

A rundown but prime site on Dominion Rd is being sold with plans for 102 apartments and nine shops - to be sold at premium prices - by Auckland Council's development arm.Panuku Development Auckland is [...]

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

Small Business: Treats good enough for you, and your dog – Snoop Inspired

Deborah Godfrey started making treats for her dog when she was living in Melbourne before thinking it could be a good business idea. Godfrey talks to Aimee Shaw about what's next for her pet-friendly brand [...]

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

Plan to get builders jumping to NZ

Bungy jumping, fishing, and weekend trips to Waiheke Island are being dangled in front of overseas builders to get them to move to New Zealand.A group of private companies and public organisations, including Auckland Transport,... [...]

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

China's ever-tighter web controls jolt companies, scientists

BEIJING (AP) " Frank Chen's e-commerce business has nothing to do with politics but he worries it might be sunk by the Communist Party's latest effort to control what the Chinese public sees online.Chen's 25-employee [...]

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

China looks at ending sales of gasoline cars

BEIJING (AP) " China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars.China's industry ministry is developing a timetable to end production and sale of traditional fuel cars [...]

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

'I don't know why I'm so stupid': How accepting a friend request cost this mum $630,000

Late last year, Melbourne woman Jennifer Chen* accepted a friend request from a handsome American doctor named Frank Harrison.The 61-year-old, originally from China, thought nothing of it, having regularly received messages from... Source: NZ Herald [...]

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

North Korea illegally exported coal, iron and other commodities worth at least US$270 million

North Korea illegally exported coal, iron and other commodities worth at least US$270 million to China and other countries including India, Malaysia and Sri Lanka in the six-month period ending in early August in violation [...]

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

Lessons from Australia on capital gains tax

A capital gains tax was introduced in Australia over three decades ago and since then house prices have roared out of control.But does this mean that capital gains taxes can't help control house prices?Not necessarily. [...]

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

Tank failures in Harvey reveal vulnerabilities in storm

More than two dozen storage tanks holding crude oil, gasoline and other contaminants ruptured or otherwise failed when Harvey slammed into the Texas coast, spilling at least 145,000 gallons (548,868 liters) of fuel and spewing [...]

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

Diana Clement: Top tips for a cheaper holiday

Holidays bankrupt some people. Literally. Their overspending leads down a slippery financial slope.But with a bit of pre-planning and, dare I say it, a loose budget for how much to spend each day, holidays don't [...]

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

Hamish Fletcher: Why Labour's rental plans are good for landlords

The landlord lobby had a clever response to Labour's plan for rental reform.Given the complaints of property investors don't garner much public sympathy, it was smart to focus on how Labour's moves would harm the [...]

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

Reporter Brittany Keogh stays the night in a 17sqm Build Tiny house

It's bucketing down as an early spring storm begins but inside the tiny house where my husband David and I are staying the night it's dry and cosy.We'll be the first people to sleep in [...]

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

What you need to know about the Equifax data breach

NEW YORK (AP) " Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people.The breach affected [...]

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

Explainer: How international competition affects how much you earn

The slump in wage growth is not just an Australasian phenomenon - wage growth in most advanced economies has been lower than expected in recent years. This is because globalisation has put us all in [...]

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

US tourism, agriculture businesses brace for Irma's impact

US tourism accounts for 1.4 million jobs in the Sunshine State, where more than 112 million people visited last year and spent $109 billion. Resorts and hotels there could suffer instant destruction from Irma's winds [...]

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

Trump signs aid and debt bill over some GOP objections

WASHINGTON (AP) " Congress on Friday sent President Donald Trump a massive package of $15.3 billion in disaster aid linked to an increase in the nation's borrowing authority that angered conservative Republicans who hissed and [...]

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

Democrats on rise after cutting funding deal with Trump

WASHINGTON (AP) " Congressional Democrats are getting a boost after months of playing political defense. And they have President Donald Trump in part to thank for it.Democratic leaders in the House and Senate cut a [...]

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

AP Exclusive: Flooding threatens toxic sites as Irma nears

MIAMI (AP) " Dozens of staff from the Environmental Protection Agency are working to help secure some of the nation's most contaminated toxic waste sites as Hurricane Irma bears down on Florida. The agency said [...]

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

The Latest: Regulators, politicians criticize Equifax

NEW YORK (AP) " The Latest on the massive breach at credit monitoring company Equifax (all times local):2 p.m.:Washington regulators and politicians swiftly criticized Equifax over the exposure of 143 million Americans' personal... Source: NZ [...]

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

Hisses, booing as Trump officials sell debt deal to GOP

WASHINGTON (AP) " House Republicans hissed and booed senior Trump administration officials Friday as they pitched President Donald Trump's deal with Democrats to increase the nation's borrowing authority.Conservatives have demanded... Source: NZ Herald Business News

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

US rig count increases by 1 this week to 944

HOUSTON (AP) " The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 944.That's up from the 508 rigs that were active a year ago.Houston oilfield [...]

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

Target announces lower prices, shares fall

NEW YORK (AP) " Target says it is discounting thousands of products throughout its stores, sending its stock down and dragging most of the retail sector with it.Retailers in general have struggled to compete with [...]

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

APNewsBreak: US taxpayer money misused for water project

SAN FRANCISCO (AP) " The U.S. government improperly spent $84 million to help plan for a massive project to ship Northern California water to Southern California, a new federal audit said.Federal officials gave the taxpayer [...]

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

The three words that brought down a $36m company

"White monopoly capital."For the spin doctors who represented the likes of Syria's first lady Asma al-Assad, Chilean dictator Augusto Pinochet and convicted murderer Oscar Pistorius, these three words finally crossed the line.Bell... Source: NZ Herald [...]

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

China's exports cool in August while imports accelerate

BEIJING (AP) " China's export growth weakened in August as global demand softened while imports showed unexpected strength despite expectations of a slowdown in the world's second-largest economy.Exports rose 5.5 percent over a... Source: NZ [...]

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

Equifax breach exposes 143 million people to identity theft

SAN FRANCISCO (AP) " Credit monitoring company Equifax has been hit by a high-tech heist that exposed the Social Security numbers and other sensitive information about 143 million Americans. Now the unwitting victims have to [...]

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

Billionaire Richard Branson emerges from wine cellar bunker after Irma 'devastated' his private island

Sir Richard Branson, the billionaire founder of the Virgin Group who said he would ride out Hurricane Irma from his 74-acre private island in the Caribbean, has emerged from his fortified wine cellar unscathed."All of [...]

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

More students attend 2nd year of Schwarzman China program

BEIJING (AP) " A study program at an elite Chinese university that was inspired by the prestigious Rhodes Scholarship launched its second year Friday with an endowment of more than $500 million and a considerable [...]

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

The Big Read: The world of rare collectables

It's every collector's dream: an early Colin McCahon at the back of their grandparents' attic, or an unopened copy of Sgt. Pepper's Lonely Hearts Club Band in the $1 bin at a garage sale.But what [...]

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

An alternative to compulsory employee contributions

By Aaron Gilbert and Ayesha Scott The findings of the ANZ research into KiwiSaver present some very interesting conclusions. First, 60 per cent of the respondents were in favour of making KiwiSaver compulsory. Second, participation... [...]

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

John Drinnan: TVNZ sure cost won't repeat

TVNZ is confident that its programming deal with Warner Bros will remain commercially viable, after making a $12.4 million provision for future losses on its Disney content contract.TVNZ paid dearly for Disney rights about two [...]

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

Brian Fallow: Home building hits a roadblock

For the second quarter in a row, construction activity has declined - albeit from a high level - supporting anecdotal evidence that the sector is up against capacity constraints.So it is a worry that official [...]

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

Stock Takes: Election winners and losers

With the election looking more likely to be a closely run race Stock Takes thought it was timely to look at the stocks which might win or lose should Labour be in a position to [...]

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

AP Exclusive: Most Florida flood zone property not insured

FORT LAUDERDALE, Fla. (AP) " As Hurricane Irma bears down on Florida, an Associated Press analysis shows a steep drop in flood insurance across the state, including the areas most endangered by what could be [...]

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

Asia shares mixed, markets weigh US debt deal, Korea tension

HONG KONG (AP) " Asian stocks were mixed Thursday as investor relief over a deal on the U.S. borrowing limits was offset by uncertainty over the departure of a senior Fed official and lingering North [...]

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

College buys Maserati, Porsche for students to strip apart

A college in central China has bought over 20 luxury cars - including a Maserati and Porsche - for more than 10 million yuan (US$1.5 million) so its students can take them apart and put [...]

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

NZ dollar gains vs Australian dollar

The New Zealand dollar rose against the Australian dollar after weak economic data across the Tasman but was little changed against the greenback ahead of the European Central Bank's monetary policy statement. The kiwi was [...]

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

Wet winter devastates potato crop

An unprecedented wet season has caused potatoes to rot in the ground before they could be harvested, with one Horowhenua farmer losing 100 tonnes from a single paddock.Opiki potato farmer, Mike Moleta has been working [...]

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

Trump's harsh message to immigrants could drag on economy

WASHINGTON (AP) " James Harrison, the owner of a Phoenix-based specialty construction firm, employs three workers protected by an Obama-era immigration program that the Trump administration took steps Tuesday to eliminate .Should... Source: NZ Herald [...]

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

Past disasters show a long recovery for small businesses

NEW YORK (AP) " After Hurricane Katrina hit New Orleans in 2005, an antique store needed more than six years to fully recover. A Long Island restaurateur couldn't reopen one of his locations for a [...]

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

Business leaders support increased employer contributions to KiwiSaver

Business leaders support increasing employer contributions for KiwiSaver, a survey shows.The survey of more than 2000 New Zealanders released at the Financial Services Council's annual conference today revealed overwhelming public... Source: NZ Herald Business News

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

Hurricane impacts talks between pipeline company, state

BISMARCK, N.D. (AP) " Hurricane Harvey has impacted the pace of negotiations between the company that built the Dakota Access oil pipeline and North Dakota regulators investigating potential violations of state rules during construction.Public... Source: [...]

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

Trump agrees to 'very good' deal to fund gov't, raise debt limit for 3 months, after 'cordial' meeting with lawmakers

WASHINGTON (AP) " Trump agrees to 'very good' deal to fund gov't, raise debt limit for 3 months, after 'cordial' meeting with lawmakers. Source: NZ Herald Business News

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

Asian markets lower as caution prevails over security risks

SEOUL, South Korea (AP) " Asian stock markets were lower Wednesday as investors found ample reasons to stay away from risky assets amid tensions on the Korean Peninsula and the powerful hurricane approaching the United [...]

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

Australia marks 26 years since recession with growth data

CANBERRA, Australia (AP) " Australia's economy has grown for 26 years without a recession, an extraordinary achievement in a volatile world still aching from the global financial crisis.But many Australians feel they don't share... Source: [...]

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

NZ shares up as yield appeals, Sky TV and A2 gain

New Zealand shares rose, with Sky Network Television bouncing back from lows and A2 Milk Co advancing to a new record.The S&P/NZX50 Index gained 12.81 points, or 0.2 percent, to 7,790.21. Within the index, 23 [...]

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

NZ dollar loses sheen as Australia growth weighs

The New Zealand dollar eased slightly after economic growth across the Tasman was slightly disappointing although ongoing tensions in the Korean Peninsula kept it from losing too much ground. The kiwi traded at 72.25 US [...]

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

Chocolate gets first new colour in 80 years

A breakthrough by a Swiss chocolate maker expands the industry's hues beyond just dark, milk and white.Barry Callebaut AG, the world's largest cocoa processor, has come up with the first new natural colour for chocolate [...]

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

Kiwi firm Allbirds raises almost $40m

Kiwi merino footwear brand Allbirds has secured a further $24 million in funding after raising just under $10 million in September.The new capital investment takes the company's total investment since it was launched in 2015 [...]

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

Housing inventory levels creep lower as would-be sellers watch market

Housing inventory has crept slightly lower as would-be sellers remain cautious about the market. The latest stats from Realestate.co.nz showed fewer new listings this month, down 1.6 per cent on the previous month, and down [...]

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

Waste Management launches electric rubbish truck

Rubbish morning was a whole lot quieter for a lucky route in Christchurch this week after Waste Management piloted its first electric kerbside collection truck.The company's fleet contracted to the Christchurch City Council is the... [...]

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

Police chief urges newspaper not to publish arrest logs

PROVIDENCE, R.I. (AP) " A Rhode Island police chief says he has tried to keep crimes out of the local newspaper because it embarrasses people. The Providence Journal reports that Block Island Chief Vincent Carlone... [...]

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

Amazon launches African-American video-on-demand service

NEW YORK (AP) " Amazon is launching Brown Sugar, a subscription video-on-demand service that features what it calls the biggest collection of the baddest African-American movies of all time.Brown Sugar offers films such as "Shaft,"... [...]

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

Hyundai Motor's China plant halts again on supply disruption

SEOUL, South Korea (AP) " Hyundai Motor Co. said its China plant halted operation due to a supply disruption on Tuesday, its second shutdown in China in less than a month as diplomatic tensions between [...]

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

NZ shares down on election, North Korea fears

New Zealand shares fell, dragged lower by election uncertainty and geopolitical fears, with Auckland Airport dropping to an eight-month low and Trade Me Group falling.The S&P/NZX50 Index dropped 30.82 points, or 0.4 per cent, to... [...]

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

NZ dollar falls against Aussie on Australian data

The New Zealand dollar fell in a see-saw day against the Aussie after Australian trade data, a central bank statement and ongoing jitters about North Korea's military ambitions.The kiwi was trading at 90.01 Australian cents [...]

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

China has tools to pressure Kim but worries of consequences

BEIJING (AP) " China has the economic tools to pressure North Korea but fears pushing Kim Jong Un's government so hard it collapses.Though China has long been the North's main trading partner and diplomatic protector, [...]

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

Delegat Group names John Freeman as incoming MD

Delegat Group, New Zealand's largest listed winemaker, has named John Freeman as its next managing director.Freeman will act as managing director designate from November 1 and will commence as managing director in July 2018, Delegat... [...]

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

Joan Withers warns artificial intelligence will change work

Top company chairperson Joan Withers questions if New Zealand is doing enough to equip the next generations with the tools to cope in a highly disruptive business environment."I really worry about the increasing disconnect between... [...]

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

Oz economy puts pressure on NZ dollar

A stronger Australian economy and election uncertainty in New Zealand is tipped to keep pressure on the Kiwi dollar, which last week hit a 15-month low against the Aussie.The New Zealand dollar was trading at [...]

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

Politics dominate summer's last hurrah on Labor Day

Labor Day is a holiday to honor the American worker, but it also has a political bent too.Across the country gatherings and parades invite politicians to march and speak on the day that also marks [...]

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

ANZ: KiwiSaver missing those who need it most

KiwiSaver may not be reaching the people who most need help with saving for their retirement, claims a report by provider ANZ bank.ANZ, the country's largest KiwiSaver provider, has undertaken in-depth research on KiwiSaver and... [...]

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

Boeing boosted by ruling throwing out EU claim of state aid

GENEVA (AP) " Boeing notched a key victory in a years-long legal case against its European rival, Airbus, after an international body rejected the European Union's claims that Washington state was giving Boeing illegal tax [...]

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

NZ shares mixed in quiet market, Sky TV hits lows

New Zealand shares were mixed in subdued trading, with Sky Network Television leading the index lower on concerns about its rugby rights while Heartland Bank and Vista Group International gained.The S&P/NZX 50 Index fell 13.76 [...]

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

Kiwifruit growers can't sue over Psa damage – QC

A group of kiwifruit growers claiming that negligence by the Ministry for Primary Industries allowed the Psa virus into New Zealand in 2009 isn't legally able to make a damages claim and is wrong about [...]

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

NZ dollar range-bound as North Korea, NZ election in focus

The New Zealand dollar was edged up while remaining in a narrow range in jittery markets after North Korea's latest nuclear test and ahead of the second debate between Prime Minister Bill English and opposition [...]

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

NZ game development revenue hits $100m

New Zealand game developers have posted a new high score - earning a record $100 million in annual revenue. An independent survey of New Zealand Game Developers Association studios showed growth of 12 per cent [...]

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

United Airlines to resume non-stop flights to San Francisco with new bigger Boeing 777-300ER

The United Airlines non-stop service between Auckland and San Francisco will resume at the end of October, with a bigger plane. The seasonal service will arrive on October 31 and will be operated with the [...]

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

Texas expects EPA to 'get on top of' toxic water risk

WASHINGTON (AP) " Texas Gov. Greg Abbott said Sunday he expects the Environmental Protection Agency "to get on top" of the threat of possible water contamination after an Associated Press report of highly toxic waste [...]

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

Small Business: The people behind the Good Green Stuff

Geoff Ashenden, New Zealand director of supplement firm Nuzest, is one of the brains behind popular health powder the Good Green Stuff. Ashenden talks about how the multi-million dollar brand came to be. A brief [...]

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

Online cricket platform BehindTheSeams.TV makes its New Zealand debut

Cricketer-run web platform Behind The Seams is making its debut today.The all-things cricket subscription service, offering users exclusive video interviews with big-name cricket stars and tips for upcoming players, today launches... Source: NZ Herald Business [...]

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

Mnuchin: Congress must tie Harvey aid to raising debt limit

WASHINGTON (AP) " Treasury Secretary Steven Mnuchin on Sunday called on Congress to combine a $7.9 billion disaster relief package for Harvey with an increase in the nation's borrowing limit, saying it was time to [...]

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

Property: Auckland's heat moved to the regions

Heat from Auckland's previously red-hot market is now being seen in other regions, where prices are soaring. New figures showed house prices in the country's biggest city have settled at an estimated median value of [...]

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

How to deal with flooded cars in Harvey's wake

DETROIT (AP) " As Harvey grudgingly moved away from Southeast Texas, aerial photos revealed thousands of cars covered by floodwaters on streets, parking lots and in driveways.By the time the water recedes, auto industry experts... [...]

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

Rise in number of Auckland sites fitted with faulty wiring

The number of sites affected by potentially dangerous electric cabling has risen, Worksafe has confirmed.Auckland-based Lyon Electrical is being investigated for importing the cable in July last year.The company went into voluntary... Source: NZ Herald [...]

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

The Murdochs don't always get their way

Sometimes even the Murdoch family doesn't get its own way.Still, what would they expect from would come from any situation relying on the whims of Pauline Hanson?Lachlan Murdoch's best laid plan to get his hands [...]

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

Why PepsiCo CEO asks his team to 'leave loudly'

By Frank Chung For the chief executive of PepsiCo Australia and New Zealand, who joined the world's second-largest food company in 2015 from FMCG giant Kimberly-Clark, it's about sending a message to the entire company, [...]

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

Trump weighs pulling out of free trade deal with South Korea

WASHINGTON (AP) " President Donald Trump is considering triggering a withdrawal from a free trade agreement with South Korea, a business lobbying group said Saturday, raising concerns about a move that could cause a fresh [...]

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

Want to help after Harvey? A guide to donations

NEW YORK (AP) " The recovery from Harvey will be long and expensive. Want to help? Local and national charities are asking for donations after the storm slammed Texas and Louisiana, leaving countless residents " [...]

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

Prices hit tipping point: Nothing less than $500k to buy an Auckland home

The days of getting a house in Auckland for anything under half a million dollars are numbered - new figures showed none of the city suburbs is valued at less than $500,000.Meanwhile, 85 suburbs are [...]

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

Diana Clement: The best apps and websites for sorting your finances

There are many websites and apps to help whip your finances into shape. Here's Diana Clement's guide to the best of them. Sorted.org.nz A good starting point for Kiwis is government-funded website Sorted.org.nz. It has [...]

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

Liam Dann: Reserve Bank governors don't tweet or twerk – thank God

I'll be sad to see Graeme Wheeler step down as Reserve Bank governor later this month. He has done a good job in what has been a difficult time for central banks.He has also been [...]

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

Auckland Home Show 2017: When tiny is the best way to be

Balls that explode on contact with flames to put them out, petrified wood furniture and metal-inspired decor are taking centre stage at next month's Auckland Home Show. It's the time of year when Kiwis doing [...]

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

Vladimir Putin: Leader in artificial intelligence will rule world

Russian President Vladimir Putin says that whoever reaches a breakthrough in developing artificial intelligence will come to dominate the world.Putin, speaking Friday at a meeting with students, said the development of AI raises... Source: NZ [...]

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

Are separate bank accounts the secret to a happy marriage?

By James Salmon Forget love and romance, the real secret of a long and happy marriage is separate bank accounts, according to a report.More than a quarter of cohabiting and married Britons blamed divorce-inducing quarrels [...]

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

Why a Chinese bid to buy Chicago Stock Exchange stirs security fears

In its heyday, the Chicago Stock Exchange helped introduce big-name American companies such as Marriott and IBM to investors. Now the 135-year-old Midwest institution could do the same for Chinese companies, after it agreed to [...]

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

Rugby battle brews as Sky faces Amazon

• New Zealand Rugby expects Amazon to next year bid for broadcast rights• Move follows documentary series by online giant on All Blacks• Heavyweight competitor marks serious challenge to Sky's longstanding dominance... Source: NZ Herald [...]

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

Privahini Bradoo: Turning science into a business

Academic turned entrepreneur to mine globe's electronic waste, reports Tamsyn Parker. Privahini Bradoo thought she had her career all planned out.She would become a professor of neuroscience and teach at an Ivy League university.But... Source: [...]

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

2nd round of NAFTA talks opens in Mexico City

MEXICO CITY (AP) " Mexico, the United States and Canada have begun a second round of talks on re-negotiating the North American Free Trade Agreement.Officials are expressing optimism despite U.S. President Donald Trump's suggestions... Source: [...]

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

Harvey help: How you can put your money to good use

NEW YORK (AP) " Want to help? Local and national charities are asking for donations as Hurricane Harvey pounded Texas and Louisiana, leaving countless residents " and pets " displaced from their homes. The recovery [...]

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

US rig count increases by 3 this week to 943

HOUSTON (AP) " The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 943.A year ago, just 497 rigs were active.Houston oilfield services company Baker Hughes [...]

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

Recalls this week: infant rompers, dish and bottle soap

More than 6,000 infant rompers are being recalled because buttons can detach, posing a choking hazard to children. Other recalled consumer products include bottle and dish soap that can contain harmful bacteria.Here's a more detailed... [...]

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

Texas law easing insurer penalties takes effect amid Harvey

AUSTIN, Texas (AP) " A new Texas law pushed by the insurance industry kicked in Friday, a week after Harvey made landfall, softening the financial penalty companies could face if they are sued for dragging [...]

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

After Taiwan stop, fugitive Red Bull heir's path a mystery

BANGKOK (AP) " With the clock about to run out on a hit-and-run charge, the whereabouts of an heir to the Red Bull energy-drink empire accused of killing a Bangkok police officer five years ago [...]

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

Kuwait's ruler, mediating Qatar crisis, heads to Washington

KUWAIT CITY (AP) " Kuwait's ruler, who is trying to mediate an end to the Qatar diplomatic crisis, is traveling to Washington to meet with U.S. President Donald Trump.The office of Kuwaiti emir Sheikh Sabah [...]

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

Market Watch: The GFC 10 years on

Looking back on the global financial crisis 10 years on: When did the cracks first start to appear in the asset bubble? What exactly were sub-prime mortgages? What have we learned? And could it happen [...]

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

Raw milk in South Island recalled in listeria contamination scare

Batches of a brand of raw milk that is delivered in parts of the South Island is being recalled because it might contain listeria.Listeria monocytogenes is a bacterium that can cause serious illness and even [...]

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

Analysis: Dark horse candidate could be good for Uber

When Uber decided to name Expedia's Dara Khosrowshahi as the new leader of the troubled ride-hailing firm, one phrase was used repeatedly to describe him: a "dark horse."On Sunday, following the unusually public and acrimonious... [...]

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

Mnuchin won't say if he wants Tubman on $20 bill

WASHINGTON (AP) " Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman's future on the $20 bill could be in jeopardy.Mnuchin is avoiding a direct answer when asked whether he supports the decision made [...]

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

How the kiwi dollar reacted to shock poll

The New Zealand dollar dropped on the back of the shock result that saw Labour skyrocket to 43 per cent in the 1News Colmar Brunton poll.Shortly after 6pm the kiwi began to fall quickly to [...]

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

John Drinnan: TVNZ looking to sharpen up at seven

Television New Zealand is looking at new ways to use Mike Hosking outside of Seven Sharp .My sources tell me TVNZ is planning to lighten up the show by pairing weatherman Sam Wallace with Toni [...]

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

Jason Murphy: Are bonuses good for you or a clever company trick?

By Jason MurphyCOMMENT: When Qantas announced a A$2500 ($2760) bonus for its 30,000 staff members last week, it was tough not to feel a pang of jealousy. Who among us wouldn't appreciate two and a [...]

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

The man who sold his supermarket to Whole Foods talks about the future of grocery stores

Every Sunday morning, I head to my nearby Whole Foods and beat its 8 am opening by several minutes. They let me in anyway.I guide my cart to the produce section, filling it with a [...]

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

Asian stocks mixed after China factories, Wall Street gains

BEIJING (AP) " Asian stock markets were mixed Thursday after Wall Street rose on a stronger estimate of U.S. economic growth and Chinese factory activity improved.KEEPING SCORE: The Shanghai Composite Index lost 0.5 percent to [...]

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

French president faces biggest test yet over labor reform

PARIS (AP) " French President Emmanuel Macron faces his biggest test yet with Thursday's release of a divisive pro-business labor reform that he hopes will secure his legacy and revolutionize the way the French work.But [...]

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

Big Colorado ranch on market for $100 million

DENVER (AP) " A 224,000-acre (90,650 hectare) ranch in northwest Colorado is being offered for sale with an asking price of $100 million.The Cross Mountain Ranch is owned by the family of the late real [...]

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

Texas chemical plant poised to explode amid Harvey flood

DALLAS (AP) " A flooded chemical plant in a small town outside of Houston was poised to explode, a spokeswoman for the French company that owns the plant said late Wednesday, though the timing and [...]

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

Elon Musk's brilliant email rule at Tesla

By Frank Chung Elon Musk is famed for his unconventional management style.+The South African-born entrepreneur behind companies including Tesla and SpaceX has described himself not as a micromanager but a "nano-manager", news.com.au... Source: NZ Herald [...]

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

IMF says transport, food costs are up in Qatar after rift

DUBAI, United Arab Emirates (AP) " The International Monetary Fund says transportation and food costs in Qatar have "edged up" due to a diplomatic rift that led four Arab countries cut ties with the small [...]

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

More than 1000 businesses start in Tauranga in one year

More than 1000 new businesses have started up in Tauranga for the year to the end of June - as an ''explosion of home-based businesses'' hits the city.Figures released to the Bay of Plenty Times [...]

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

Waiting, watching: Business owners worry about Harvey damage

With the animals sent to safety before Harvey hit, the owners of CityVet in Houston kept watch on their empty practice by security camera, hoping not to see floodwaters rush in.But they lost the video [...]

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

Home Depot settles charges that it sold recalled products

NEW YORK (AP) " Home Depot has agreed to pay the U.S. government $5.7 million to settle charges that it sold recalled washing machines, fire extinguishers and other faulty products.The U.S. Consumer Product Safety Commission [...]

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

Cultural exchange programs fear visa cuts from Trump order

MINNEAPOLIS (AP) " Officials who run a popular language and cultural immersion program in the north woods of Minnesota are warning that potential changes in visa rules could make it hard for them to hire [...]

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

Qatar crisis shakes East Africa, a home to Gulf militaries

DUBAI, United Arab Emirates (AP) " Though far-removed from the Gulf, East Africa has been shaken by the Arab diplomatic crisis gripping Qatar.In recent years both Qatar and the other energy-rich nations arrayed against it [...]

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

Posts, tweets spread widely as the Harvey missing are sought

Photos with pleas for help in finding the missing from Tropical Storm Harvey are being posted, cut-and-pasted and retweeted by thousands of people as desperate family members seek loved ones who they fear might be [...]

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

Hyundai resumes production in China after supply disruption

SEOUL, South Korea (AP) " Hyundai Motor Co. said Wednesday that it resumed production at its plants in China where the automaker has been working to resolve a dispute with a parts supplier that led [...]

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

China, India rivalry looms over BRICS summit

BEIJING (AP) " China and India may have ended a tense border standoff for now, but their longstanding rivalry raises questions about the possibility of meaningful cooperation at an upcoming summit of major emerging economies.The... [...]

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

Cooking the Books podcast: Can you budget and still have fun?

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's balancing the need to budget with still letting yourself have fun. Hosted by Frances Cook. [...]

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

Retailers need to act as Amazon gears up for Aussie launch

New Zealand retailers need to act now rather than take a wait-and-see approach, as online giant Amazon gears up to launch next year in Australia, says an expert.First Retail managing director Chris Wilkinson was the [...]

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

Juha Saarinen: Aussies on prowl for NZ entrepreneurs

The Aussies are coming for our startups and that's okay.If you have a good idea, are prepared to work hard to realise it, you're very much in demand - and there's money to go round [...]

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

Cattle disease mycoplasma bovis found in three new locations

Mycoplasma bovis has been identified in three new properties, bringing the number of infected farms up to six.The Ministry for Primary Industries confirmed the findings today, saying the new properties had existing links to other... [...]

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

Bill English: 'I'm hugely enjoying this job'

Bill English's vision is for a New Zealand that can handle sustained success and delivers more economic opportunities and higher incomes.As far as the election goes, he believes "good policy is good politics".Something that will... [...]

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

Big read: China, the world's cannabis powerhouse

By Stephen Chen Every year in April, Jiang Xingquan sets aside part of his farm in northern China to grow cannabis. The size of the plot varies with market demand but over the last few [...]

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

NZ shares fall as North Korea fears weigh

New Zealand shares dropped in a sea of red after North Korea fired a nuclear missile over Japan, with Chorus and Metro Performance Glass extending their recent declines.The S&P/NZX50 Index sank 88.53 points, or 1.1 [...]

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

Renault-Nissan, China's Dongfeng announce e-car venture

BEIJING (AP) " Automakers Renault and Nissan say they will develop electric cars with a Chinese state-owned partner, adding to a series of tie-ups between global auto brands and local partners in the biggest electric [...]

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

Wellness trend showing no signs of slowing at Countdown supermarket expo

Kiwi customers are embracing health and well-being and shopping trends favouring low sugar, vegetarian and organic food aren't showing any sign of slowing down.At the annual Countdown Trade Expo in Manukau yesterday, suppliers to... Source: [...]

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

NZ dollar falls on North Korean missile

The New Zealand dollar fell against the yen after North Korea fired a ballistic missile over Japan's northern island of Hokkaido, sapping risk appetitie. News that a cattle disease had been detected on another three [...]

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

Mum asks police how to log off Facebook

Anyone who has their mum on Facebook is acutely aware of the potential embarrassment that could manifest from your online friendship.She has the power to upload dreaded images from your past that you didn't even [...]

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

Board sues Puerto Rico governor for rejecting furloughs

SAN JUAN, Puerto Rico (AP) " A federal control board overseeing Puerto Rico's crisis-ridden finances is suing the island's governor for refusing to impose furloughs and take other measures to save money.The lawsuit filed Monday... [...]

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

Why Metlifecare paid no tax on record profit: Sowry explains

Metlifecare has shrugged off the housing slowdown to post a record profit result, although the listed retirement village company paid no tax.Net profit for the year ended June 30 was $251.5 million, up from $228.7m [...]

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

Fact or fiction: Auckland's $1 million houses

Housing affordability has taken centre stage in election year as both major parties attempt to woo first-home buyers shut out of the housing market.At a conference in Manukau yesterday, Labour leader Jacinda Ardern spoke about [...]

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

Sexism driving gender pay gap – study

Sexism is holding Kiwi women back from earning what their male colleagues do when they contribute just as much to their company, a new study shows.For the first time, researchers have been able to show [...]

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

Tahoe resort enters alliance with Chinese outdoor retailer

TRUCKEE, Calif. (AP) " A ski resort at Lake Tahoe has announced a new partnership with a leading outdoor retailer in China to try to help attract more Chinese skiers and snowboarders to the region.The [...]

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

NZ shares fall; Chorus at month-low

New Zealand shares fell, led by Chorus which hit a one-month low, while Metro Performance Glass extended last week's slide and Metlifecare rallied.The S&P/NZX 50 Index dropped 30.94 points, or 0.4 per cent, to 7,826.87. [...]

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

An odd trend in wheat country: not much wheat

DES MOINES, Iowa (AP) " An odd thing has happened in wheat country " a lot of farmers aren't planting wheat.Thanks to a global grain glut that has caused prices and profits to plunge, this [...]

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

NZ dollar pares some losses against euro on profit taking

The New Zealand dollar clawed back some of its losses against the euro, likely on some profit taking after it touched a 15-month low in early trading.The kiwi dollar traded at 60.70 euro cents as [...]

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

How two backpackers created a $300m-a-year travel empire

By Dana McCauley It all started with a gap year and a crazy idea - and made two backpackers rich.University mates Geoff Manchester and Darrell Wade were putting their Commerce degrees to respectable use, but [...]

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

Fonterra's NZ milk collection in season to date rises 10.4%

Fonterra Cooperative Group says its New Zealand milk collection in the first two months of the season is up 10.4 per cent, although it has eased as incentives to boost winter production finish.The company collected [...]

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

NZ industry winners and losers: check which side you are on

Apartment developer Gary Groves works in a sector picked to be New Zealand's top performer in the year ahead, forecast to grow by 9.2 per cent."You don't have to be a rocket scientist to work [...]

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

Small Business: Sourcing gemstones for New Zealand jewellery – Cathy Pope Jewellery

Former costume designer Cathy Pope discusses what inspired her "accidental" jewellery business and what it was like doorknocking on potential suppliers in India when she was first getting started. A brief description of the business... [...]

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

Kiwi farmers going gaga for Wagyu

New Zealand farmers are starting to get a cut of the growing demand for high-priced Japanese delicacy Wagyu beef.Farmer-owned collective First Light, the first New Zealand outfit to rear Wagyu-cross cows in New Zealand, has [...]

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

Former GE CEO Immelt out of running to lead challenged Uber

Former General Electric CEO Jeffrey Immelt has taken himself out of the running to lead Uber as the ride-hailing giant seeks to overcome its ethical scandals and turn itself into a profitable business.Immelt announced Sunday [...]

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

Tiny museum seeks to revive interest in forgotten artist

BOISE, Idaho (AP) " An Idaho-born landscape painter who traveled the world on the strength of his sales, had one-man shows in New York and commissioned a studio by famed architect Frank Lloyd Wright is [...]

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

Big read: I was an Exxon-funded climate scientist

ExxonMobil's deliberate attempts to sow doubt on the reality and urgency of climate change and their donations to front groups to disseminate false information about climate change have been public knowledge for a long time, [...]

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

Trump's economic adviser almost quit over remarks

President Donald Trump's top economic adviser sharply denounced the president's response to the racial violence in Charlottesville, saying in an interview that he felt "compelled" to speak out. Gary Cohn, who is Jewish, was so [...]

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

'Walking distance to KFC' sells house in a week

The sign said the house was "Walking distance to KFC ... but that's not all", and the unique marketing ploy paid off - the Auckland property sold in one week.The three-bedroom one-bathroom house on 633sq [...]

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

The future of air travel: marathon flights

Imagine spending more than 20 hours on a single flight, without getting off and stretching your legs.It is not an exciting prospect, but Australian passengers who want to get to London more quickly will have [...]

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

Hurricane Harvey closes key oil, gas operations in Texas

DALLAS (AP) " Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in [...]

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

Liam Dann: Why this election won't be won on numbers

This election now looks like being a close run thing. Even a week ago I'd have put the odds firmly with National, albeit relying on a deal with NZ First.Now I think it's too close [...]

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

Diana Clement: Taking the pulse of health insurance policies

More than 1.3 million Kiwis have health insurance of one kind or another - but it comes in a dizzying array of choices.If you can't afford to pay for basic trips to the doctor you [...]

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

Kiwis set to be tempted by cheap Europe flights

As the battle of the airfares continues, House of Travel is offering a record low for Kiwis wanting to jet out to Europe via Emirates.The travel company has today released a new deal offering travellers [...]

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

Home promising peace and tranquillity up for grabs

A waterfront Auckland home within minutes of the city but with the serenity of a yoga retreat is on the market.The multi-million-dollar home, on one of Westmere's quietest avenues, was designed by award winning architects [...]

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

Hot topic of next Fed chair not on program at Jackson Hole

JACKSON HOLE, Wyo. (AP) " This year's gathering of the world's central bankers had a theme as lofty as the Grant Teton Mountains which loomed over their meeting place " "Fostering a Dynamic Global Economy."But [...]

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

The woman who built a $2.3 million beauty business while homeschooling her 14 children

I admit to pausing a second when businesswoman Tammie Umbel pitched me on her Shea Terra Organics skin-care company a few months ago - and how she built it while raising and homeschooling 14 children.Wow, [...]

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

Trump adviser says he nearly quit over president's remarks

WASHINGTON (AP) " President Donald Trump's top economic adviser sharply denounced the president's response to the racial violence in Charlottesville, saying in an interview that he felt "compelled" to speak out. Gary Cohn, who is... [...]

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

Rory Glass, managing director of Lion, on how a poor performance revitalised the company

As Rory Glass puts it, success is a lousy teacher. So when failure loomed three years ago for Lion Breweries, the managing director learned his lesson, took stock and realised the company needed some changes."We [...]

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

Samsung's future riding on latest Galaxy Note 8

The stakes are high for Samsung Electronics' rollout of the Note 8, after the previous model's exploding battery fiasco."None of us will ever forget what happened last year," Samsung Mobile chief executive DJ Koh told [...]

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

Recalls this week: boots, off-highway vehicles

More than 30,000 Dr. Martens boosts are being recalled because wearers can be exposed to the chemical benzidine, which is carcinogenic. Other recalled consumer products include off-highway vehicles with inconsistent tire pressure.Here's... Source: NZ Herald [...]

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

Guinea's ex-minister of mines sentenced to 7 years in prison

NEW YORK (AP) " Guinea's ex-minister of mines has been sentenced to seven years in prison by a judge who says the U.S. citizen betrayed the Republic of Guinea by accepting $8.5 million in bribes.Federal [...]

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

FBI: Chinese national supplied rare, malicious malware

LOS ANGELES (AP) " A Chinese national has been charged in California with distributing a type of computer malware that has been linked to attacks on U.S. businesses and to the theft of personnel records [...]

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

Fashion industry's moment to shine

As models, hairstylists, make-up artists and of course, designers, descend on Auckland, it can mean only one thing - Fashion Week is upon us.For the designers, the annual event is a chance to experience the [...]

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

Fran O'Sullivan: Come clean on tax? Let's do that

Jacinda Ardern has the momentum at the 2017 election, but she should stop the charade and issue a detailed capital gains tax policy.Ardern has been leading Labour since the 1st of August. She argues that [...]

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

How a Macca's worker on $500 a week bought his first property at 19

Australian man Eddie Dilleen was just 19 when he bought his first investment property with a A$20,000* deposit he saved up working through high school at McDonald's, where he earned as little as A$500 a [...]

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

Commerce Commission files High Court case against Harmoney

The Commerce Commission has filed civil proceedings against Harmoney, claiming the peer-to-peer lender's platform fees are unreasonable. The antitrust regulator today filed papers in the High Court in Auckland accusing Harmoney... Source: NZ Herald Business [...]

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

The Latest: Court to rule in Samsung bribery case

SEOUL, South Korea (AP) " The Latest on the bribery case involving the heir to the Samsung empire (all times local):1:30 p.m.A court will rule Friday in a bribery case against the billionaire heir to [...]

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

South Korean court to rule in Samsung heir bribery case

SEOUL, South Korea (AP) " A court will rule Friday in a bribery case against the billionaire heir to the Samsung empire that fed public anger leading to the ouster of Park Geun-hye as South [...]

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

Qantas vs Air NZ: Who gave a bigger bonus?

Around 25,000 Qantas staff will each get a bonus of A$2500 ($2739) after the airline delivered a full-year profit of $852 million.The staff bonus - $2000 for part-time employees - is not quite as generous [...]

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

Amazon to close on Whole Foods buyout Monday

NEW YORK (AP) " Amazon will close its $13.7 billion buyout of Whole Foods Market Inc. on Monday and plans to cut prices on grocery staples.Starting Monday, Whole Foods will offer lower prices on bananas, [...]

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

Gov. Cuomo cuts ribbon at ceremony for bridge named for dad

TARRYTOWN, N.Y. (AP) " New York Gov. Andrew Cuomo has held a ribbon-cutting ceremony for a new bridge named for his late father.The Democratic governor and a host of other dignitaries attended Thursday's ceremony for [...]

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

Christie signs bill to regulate, tax daily fantasy sports

TRENTON, N.J. (AP) " New Jersey Republican Gov. Chris Christie on Thursday signed into law a measure to regulate and tax daily fantasy sports.The law imposes a 10.5 percent tax on the winnings of companies [...]

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

House price expectations hit 5-and-a-half year low

Aucklanders are no longer expecting house prices to lift, with expectations at a 5-and-a-half year low. The ASB Housing Confidence Survey for the last three months showed Aucklanders led the disillusionment with only 15 per [...]

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

John Drinnan: Bauer rebuts MediaWorks claim

Bauer Media is interested in buying radio assets, but insists it is not in talks to buy MediaWorks' networks.Australia and New Zealand chief executive Paul Dykzeul is dismissing a media report that Bauer lodged an [...]

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

Woman says stranger's ashes in father's urn, sues for $2.5M

PORTLAND, Ore. (AP) " A woman is suing an Oregon cremation company for $2.5 million, claiming it gave her the remains of a stranger instead of her deceased father.Kimberly Grecco, 53, discovered the remains were [...]

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

Puerto Rico creates new pension plan for struggling retirees

SAN JUAN, Puerto Rico (AP) " Puerto Rico is establishing a pay-as-you-go pension plan and setting aside $2 billion this year for tens of thousands of retirees who depend on a public pension system that's [...]

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

EPA taps Alabama business lobbyist to lead Southeast region

ATLANTA (AP) " A business lobbyist and ex-environmental regulator has been tapped as the new regional administrator for the U.S. Environmental Protection office that oversees eight Southeastern states.Former Alabama Department of... Source: NZ Herald Business [...]

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

NZ shares down, Metro Glass and TradeMe drop on earnings

New Zealand shares fell, with Metro Performance Glass and Trade Me Group dropping sharply after disappointing earnings while A2 Milk Co reached yet another record.The S&P/NZX50 Index dropped 11.05 points, or 0.1 per cent, to [...]

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

The NZ dollar virtually unchanged, at risk of fall

The New Zealand dollar was virtually unchanged but remained at risk of falling further after breaking through some key levels ahead of the central bankers' symposium in Jackson Hole. The kiwi traded at 72.23 US [...]

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

The Latest: Walker aide: Foxconn to hire Wisconsin residents

MADISON, Wis. (AP) " The Latest on Taiwanese electronics giant Foxconn's plans to build a factory in southeastern Wisconsin (all times local):12:20 p.m.Gov. Scott Walker's top aide says he believes nearly all of the employees... [...]

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

Appeals court: Energy officials missed in pipeline review

WASHINGTON (AP) " A Washington appeals court says federal energy regulators fell short in evaluating the environmental impact of a natural gas pipeline that's carrying gas through Alabama, Georgia and Florida.The U.S. Court of Appeals... [...]

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

Aussie bosses paid over four times their Kiwi counterparts

The highest paid bosses in Australia pocketed over four times the amount of their Kiwi counterparts last year.The figures come from an annual report compiled by the Australian Council of Superannuation Investors (ACSI) and designed... [...]

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

United Way chapter won't stage event at Trump golf course

COLTS NECK, N.J. (AP) " A New Jersey chapter of the United Way has pulled an event from one of President Donald Trump's golf courses amid concerns raised after a deadly neo-Nazi rally in Charlottesville, [...]

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

Company behind Dakota Access oil pipeline sues Greenpeace

BISMARCK, N.D. (AP) " The company that built the disputed Dakota Access oil pipeline is suing Greenpeace and other groups, alleging they disseminated false information about the project and interfered with construction.Texas-based... Source: NZ Herald [...]

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

More mea culpa from Fletcher chairman

Fletcher Building's chairman gave yet another mea culpa to shareholders yesterday reiterating that the board and management team took "absolute responsibility" for the company's poor performance."As I stated at the time this was... Source: NZ [...]

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

NZ dollar falls after pre-election update

The New Zealand dollar fell after the pre-election fiscal update showed weaker growth and as polls showed that one month out from the election it is a close race.The kiwi declined to 72.31 US cents [...]

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

NZ shares rise as A2 hits record, Air NZ gains on earnings

New Zealand shares rose led by A2 Milk Co reaching a record and Air New Zealand gaining on their respective annual earnings while Sky Network Television fell to an all-time low.The S&P/NZX50 Index gained 12.38 [...]

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

Officials: 33 people injured when inbound train crashes into unoccupied parked train at station in suburban Philadelphia

UPPER DARBY, Pa. (AP) " Officials: 33 people injured when inbound train crashes into unoccupied parked train at station in suburban Philadelphia. Source: NZ Herald Business News

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

Officials: 33 people injured in train crash at station

UPPER DARBY, Pa. (AP) " More than 30 people were injured when train crashed into another train that was parked at a station in suburban Philadelphia.The Southeastern Pennsylvania Transportation Authority said the crash happened... Source: [...]

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

Tough job managing internet of hate

Hosting or serving up content on the worldwide web used to be a simple matter of putting together a reliable server farm and connecting it to the internet. You asked customers not to do anything [...]

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

Why AI visionary Andrew Ng teaches humans to teach computers

PALO ALTO, Calif. (AP) " Andrew Ng has led teams at Google and Baidu that have gone on to create self-learning computer programs used by hundreds of millions of people, including email spam filters and [...]

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

'Sobering' review of rental market

Renters are painting an image of a market where options are limited, homes are frequently run down, damp and mouldy, and often cost them at least half the weekly paycheck. Hundreds have shared their experiences [...]

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

Doubts over Sky's long-term strategy

Sky TV's 21 per cent profit drop was better than the market was expecting, but there are still doubts over its long-term strategy, says a senior economic analyst.The pay TV operator released its full-year results [...]

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

Fran O'Sullivan: Hey Bill, we've plans for surplus

If there is one message coming loud and clear from opposition politicians it is - "Hey Bill, we have plans to spend your Budget surplus".The Pre-Election Fiscal Update (Prefu) - out today - will outline [...]

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

Asian shares mixed as markets await central banker meeting

HONG KONG (AP) " Asian stocks were mixed Monday as investors kept a wary eye on joint military drills between U.S. and South Korean forces and awaited a key meeting of central bankers later this [...]

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

NZ shares mixed, Comvita up while Sky TV hits low

New Zealand shares were mixed, with Comvita rallying on positive earnings while Sky Network Television hit an 8-and-a-half year low.The S&P/NZX50 Index dipped 0.7 points, or 0.009 per cent, to 7,867.08. Within the index, 24 [...]

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

NZ dollar clings to tight range

The New Zealand dollar clung to a tight range as investors await any comments out of the annual central banking conference in Jackson Hole, Wyoming later this week. The kiwi increased to 73.24 US cents [...]

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

Democrat 'incredibly frustrated' with leader over Foxconn

MADISON, Wis. (AP) " Wisconsin Assembly Democratic Leader Peter Barca was branded as failing "on all accounts" by a fellow Democrat who was "incredibly frustrated and concerned" with his actions after Barca joined Republicans in [...]

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

China to relaunch the world's fastest bullet trains

BEIJING (AP) " China is relaunching the world's fastest bullet trains, running at 350 kilometers (217 miles) per hour.The trains will service the route from Beijing to Shanghai starting next month, making the 1,250-kilometer (777-mile)... [...]

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

Chinese teenager dies in internet rehab camp

By Frank Hersey A teenager has died within two days of entering an internet addiction camp, marking the latest tragedy at the hands of one of China's harsh addiction treatment centres.Eighteen-year-old Li Ao was found [...]

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

Ryan Greenaway-McGrevy: Relaxing LVRs will not make housing affordable again

• Ryan Greenaway-McGrevy is a senior lecturer in economics at the University of Auckland business school. There is a growing chorus for the Reserve Bank to lift its loan-to-value restrictions on the property market, with [...]

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

Conor English: Can NZ produce the next axe handle?

• Conor English is chairman of Agribusiness New Zealand The axe handle was incredibly important for the human race. By combining three previously separate elements - a stone, a stick and string - humans invented [...]

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

Insider Q&A: General Motors learning the rental business

DETROIT (AP) " General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent.Since then, the service has grown exponentially.... [...]

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

'The Hitman's Bodyguard' outdoes 'Logan Lucky' at box office

LOS ANGELES (AP) " Critics loved "Logan Lucky" and gave a big collective shrug to "The Hitman's Bodyguard," but when it came to the test of the marketplace, audiences went their own way.The two action [...]

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

Expats cash in on China's internet celebrity boom

The fickle and often fleeting business of internet celebrity is booming in China - and not just for the locals.Social media personalities generated more than US$7.9 billion (NZ$10.8b) in revenue last year, according to the [...]

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

NZ shares down in calm before earnings storm

New Zealand shares edged lower ahead of a busy week of corporate earnings, with Metlifecare and Sky Network Television dropping while Argosy Property and Air New Zealand gained.The S&P/NZX50 Index dropped 5.77 points, or 0.07 [...]

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

Economy Hub at the Pub: Immigration, election and dengue fever

Westpac chief economist Dominick Stephens took a year off to travel the world, battling dengue fever and getting some fresh perspective on New Zealand's big economic issues.He joined Liam Dann at the pub to talk [...]

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

NZ dollar higher but rangebound ahead of Jackson Hole

The New Zealand dollar was slightly higher in a quiet start to the week as investors look ahead to a meeting of the world's central bankers in Jackson Hole, Wyoming later this week.The kiwi traded [...]

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

FMA expects to reach settlement with Prince and Partners

The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court."The parties have been in settlement discussions and the [...]

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

From $700/week in Auckland to $420/week in Dunedin

Dunedin is the place to be.At least that seems to be the case for out-of-towners buying houses in the city.Linda and Casper Barnard, who live with their grand­daughter, are two of those people.Previously living on [...]

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

Small Business: Luxury tourism operator Pure Cruise

Matt Horder, chief skipper of luxury catamaran Tiua, on the mammoth sailing journey he took to start up his luxury tourism business. Horder talks about operating from Rotorua's Lake Rotoiti and what's next for his [...]

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

Banks falling short on lending limits

Banks are not using their full capacity to lend to home-buyers who don't have a 20 per cent deposit, Reserve Bank figures show.Loan-to-value ratio rules mean banks are not allowed to lend more than 10 [...]

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

Economist: House price downturn no short term blip

The Auckland housing slump is not a short term blip that will end as soon as the election is over says Westpac chief economist Dominick Stephens.Speaking on the Economy Hub at the Pub video show [...]

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

Peter Vial: NZ's top prosperity ranking masks big challenges

Peter Vial is NZ country head of Chartered Accountants Australia and New Zealand. For the past 10 years New Zealand has been among the top four most prosperous countries in the world, according to Legatum's [...]

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

Older workers face too much discrimination – economist

Older people face discrimination in the workplace because of their age at similar rates to those who are disadvantaged because of their race or sex, an economist argues.David Neumark, a United States-based economist who is [...]

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

Once invincible Domino's dealt a spicy meatball

Being a rapidly growing company with a share price to match is a high wire act.Even a small stumble or misstep can be disastrous.It's something the shareholders of Domino's Pizza have learned over the past [...]

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

Tech companies continue to banish extremist accounts

Tech companies' efforts to banish extremist groups and individuals are continuing as a social network popular with extremists disappeared from Google's Android app store.Gab had already been unavailable in Apple's store, though it... Source: NZ [...]

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

Mission Bay's Fish Pot Cafe to close

Mission Bay's beloved fish and chip shop will serve its last scoop on August 27. Fish Pot Cafe, first opened in 1987 by brothers Peter and Derek Drummond, has been an iconic supplier of New [...]

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

Kiwi woman receives $600k deposit from bank, returns it

A Kiwi-born Brisbane woman repeatedly received massive deposits in her Suncorp bank account. The fourth time it happened, and over $600,000 had been put in Rebecca Rosvall's balance, she considered buying a house."I was a [...]

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

US rig count decreases by 3 this week to 946

HOUSTON (AP) " The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 946.A year ago, just 491 rigs were active.Houston oilfield services company Baker Hughes [...]

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

Recalls this week: baby rattles, boots, batteries

Baby rattles that pose a choking hazard to children are among this week's recalled consumer products. Others include boots and batteries in refurbished phones.Here's a more detailed look:BABY RATTLESDETAILS: BRIO soft hammer... Source: NZ Herald [...]

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

Hollywood's hacking pains are bigger than movie leaks

NEW YORK (AP) " Piracy is a long-running and even routine issue for Hollywood, whether it's street vendors hawking bootleg DVDs on street corners or video uploaded to file-sharing sites like Pirate Bay. Now cybercriminals [...]

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

Former Uber CEO lashes out at VC firm suing company

SAN FRANCISCO (AP) " Former Uber CEO Travis Kalanick is skewering a lawsuit filed by a former ally, describing it as a malicious attempt to sever his remaining ties to the widely used ride-hailing service [...]

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

Diana Clement: How to get the best power deal

I would love to go off grid, but it's unlikely to happen and in the meantime I still need to pay my monthly power bill.There are ways of making that bill more palatable.In June 2017 [...]

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

Asian shares track Wall Street slide; Spain attack weighs

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

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

Indian IT company Infosys CEO Vishal Sikka resigns

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

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

The real revolution in NKorea is rise of consumer culture

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

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

Report: Filipino dairy farm workers abused, exploited

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

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

EpiPen maker finalizes settlement for government overcharges

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

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

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

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

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

Apple CEO makes $2 million pledge to fight hate

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

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

Report: German-backed Arabic website blocked by Egypt

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

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

Syria claims business comeback with international trade fair

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

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

Science Says: DNA test results may not change health habits

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

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

Potential Warriors owner caught up in legal dispute over daycare

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

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

Wisconsin Assembly set to approve $3 billion for Foxconn

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

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

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

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

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

Fed officials split in July over inflation worries

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

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

Kiwi in Trump's team faces uncertain future

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

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

John Drinnan: Aussie shakeup, NZ ripples

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

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

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

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

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

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

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

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

Group estimates 34,000 barrels of oil spilled off Kuwait

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

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

Powerhouse appoints interim liquidators to Hydroworks

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

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

Wingtip of Delta Air Lines plane clips another plane

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

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

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

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

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

Government approves negotiating mandate for revamped TPP

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

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

Trust numbers predicted to shrink

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

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

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

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

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

Utility drops bid to recoup billions after bailing on plant

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

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

Trump signs order to speed infrastructure construction

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

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

Dame Julie Christie honoured in ceremony today

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

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

Robots are plotting to take our jobs and enslave us

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

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

NZ shares rise, lead by ANZ, CBL

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

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

NZ dollar little changed after dropping overnight

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

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

Abano's dissident shareholders to exit

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

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

Pressured by government, Uber agrees to protect rider data

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

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

Judge orders LinkedIn to stop blocking data-scraping firm

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

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

Kiwi data firm strikes big with UK National Gallery

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

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

Big corporates seek lower tax rate

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

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

Rachel Hunter a hit as Auckland's new US ambassador

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

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

Rates on Treasury bills fall in weekly auction

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

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

The Latest: Wisconsin Assembly panel approves Foxconn bill

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

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

NZ stocks rise led by Contact Energy

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

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

Dollar gets lift against yen as risk aversion subsides

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

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

Dangerous electrical cables fitted in Auckland buildings

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

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

Pint by pint, a hoppy revolution is brewing in Russia

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

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

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

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

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

Cool new feature predicted for iPhone 8

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

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

The Latest: Attorney: British cyber expert will be cleared

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

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

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

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

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

The religious origins of the modern office

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

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

North Korean tensions aren't deterring tourists from Guam

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

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

NZ shares rise, led by Contact on earnings outlook

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

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

NZ dollar barely budges as all eyes focus on North Korea

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

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

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

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

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

Kiwis worry about record level of debt

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

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

Christopher Niesche: Commonwealth Bank scandal deeper than tech glitch

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

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

New Kiwi business pitching to Silicon Valley tycoons

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

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

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

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

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

Lawyer: Livestreamed, deadly crash caused by blown tire

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

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

Trump spat with Senate leader complicates tough agenda

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

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

North Korea's $10 trillion problem

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

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

Ex-executives sentenced in sweeping Navy corruption case

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

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

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

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

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

The big change coming to Cadbury

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

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

The top 10 songs and albums on the iTunes Store

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

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

Leaked email shows HBO negotiating with hackers

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

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

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

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

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

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

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

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

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

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

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

Lithuanian court OKs extradition in US phishing case

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

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

The Latest: France sees no risk from contaminated eggs

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

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

Spain: Barcelona airport security staff resume strikes

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

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

Danes imported 20 tons of eggs from tainted scandal

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

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

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

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

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

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

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

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

Still on a hunt for the next big thing

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

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

Mary Holm: Stuck – with just $900k

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

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

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

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

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

Brian Gaynor: Metro Glass fails to shine

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

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

Former Uber boss sued amid turmoil

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

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

Lego boss removed 8 months in because of his age

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

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

The 8 questions every firm must answer on data privacy

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

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

New forestry standard positive step – Pan Pac boss

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

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

Fidget spinners causing dangerous accidents, US government warns

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

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

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

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

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

Tax backflip see foreign trusts cry foul

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

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

Vodafone to launch Chinese language services

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

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

Something is missing in Govt success story

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

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

John Drinnan: Jacinda mania a step too far

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

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

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

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

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

Business Highlights

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

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

NZ shares mixed, NZOG gains on takeover

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

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

Small plane doing gas pipeline inspection crashes near road

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

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

NZ dollar down on geopolitical tensions

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

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

Hawaii opens first medical marijuana dispensary

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

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

Markets Right Now: Stocks open lower on Wall Street

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

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

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

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

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

Citizen Thiel material wrongly withheld at billionaires' request

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

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

Egypt curtails access to subsidized food as part of reforms

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

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

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

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

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

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

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

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

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

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

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

NZ shares mixed, SkyCity falls on tepid earnings

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

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

Massive steam generator goes down Hudson River to New Jersey

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

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

The Latest: Lawyer awaits UK cybersecurity expert's release

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

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

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

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

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

Swastika shirts pulled after backlash

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

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

Climate deal swing votes among top oil money recipients

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

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

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

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

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

EU: Some British payments will continue past Brexit

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

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

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

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

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

Google fires author of divisive gender memo

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

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

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

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

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

SoftBank adding technology ambitions, with ARM, robotics

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

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

New Zealand dollar holds steady as interest rate decision looms

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

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

New Zealand shares rally as election draws closer

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

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

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

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

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

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

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

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

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

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

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

A bit crappy: Parents angry at Treasures nappy change

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

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

Bondi swimwear brand finds success overseas

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

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

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

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

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

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

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

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

One in five oppose raising retirement age in ASB survey

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

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

Britain to put $63.5b on table for Brexit divorce

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

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

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

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

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

RBNZ governor unlikely to go out with a bang

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

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

In search of reliable workers, factory hires robots

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

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

US billionaire takes aim at Aussie mining company

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

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

How to survive a housing market crash

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

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

America's Cup carrot dangled for apartment buyers

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

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

Liam Dann: Not another Jacinda Ardern column

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

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

Stunning clifftop home and villa reno judged builder's best

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

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

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

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

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

McDonald's to serve Happy Meals with books

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

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

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

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

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

US job market recovers from Great Recession

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

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

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

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

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

Children's shoes recalled over cancer risk

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

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

The Great Escape:The battle over booking your holiday

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

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

Mary Holm: Doing right by disabled KiwiSaver

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

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

Woman gets her house back – thanks to Herald

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

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

The slow cooking approach to fast food

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

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

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

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

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

More Hawaii flights could spark airfare war

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

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

A&G Price owes $5.2m, say liquidators

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

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

Threat to Sky TV? Amazon could screen ABs tests

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

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

Extreme lengths Apple goes to stopping leaks

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

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

Dunkin' Donuts considering dropping 'donuts' from name

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

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

Robyn Pearce: A cautionary tale of clutter

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

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

Brian Fallow: Chilly homes are a crying shame

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

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

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

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

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

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

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

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

Brayden Freeman, Hell Pizza's youngest owner

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

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

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

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

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

Beer industry generates $2.2b in economic activity

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

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

NZ shares rise, Kathmandu and Briscoes gain

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

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

Commonwealth Bank embroiled in laundering scandal

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

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

New Zealand dollar falls to a nine-day low

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

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

Get ready for the next smartphone smackdown between Apple and Samsung

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

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

Company wants 10,000 electric bikes on Auckland streets

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

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

Auckland traffic 'pouring $1.9 billion down the drain'

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

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

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

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

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

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

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

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

Apple iPhone set to embed augmented reality technology into latest device

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

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

NZ shares rise to new record as blue chips gain

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

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

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

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

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

Why you shouldn't update your LinkedIn profile

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

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

NZ dollar falls on weak jobs data

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

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

Latest QV data shows Auckland housing market stalls

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

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

Responsible investment grows to $42.7b

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

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

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

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

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

Investment marks end to 'lost decade'

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

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

Police in at least 2 Dallas suburbs contend with 911 woes

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

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

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

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

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

NZ shares follow Asia higher led by blue chip stocks

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

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

Japan factory output climbs in June, as inflation stalls

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

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

NZ dollar weaker against Aussie after RBA stays on message

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

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

Hotels at choking point, 95 per cent occupancy in Auckland

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

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

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

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

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

Employee stress levels up more than 20pc in two years

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

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

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

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

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

Metal exchange boss takes on the bear pit

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

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

Deadly crashes spur calls for tractor-trailer side guards

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

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

Powerhouse Ventures in trading halt of ASX shares

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

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

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

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

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

NZ dollar treads water ahead of key data later in week

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

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

Growth in housing debt continues to slow

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

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

Mycoplasma bovis: Second farm tests positive

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

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

The Economy Hub: Inflation higher for poorest

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

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

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

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

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

Investor confidence softens ahead of general election

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

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

TV reporter filming in Polish forest attacked by loggers

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

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

Kiwifruit growers head to court over Psa outbreak

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

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

Small breweries set to hit the big time in Australia

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

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

Economy Hub: As unemployment falls will wages rise?

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

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

The kids making thousands in pocket money

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

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

South Korean hangover cure embraced in US

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

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

Lose your dog or your rank, veteran cop allegedly told

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

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

House moves to extend choice program, end VA budget crisis

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

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

Fumes force Austin police to pull Ford Explorers off patrol

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

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

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

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

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

Diana Clement: How to slash spending

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

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

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

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

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

Is Amazon getting too big?

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

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

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

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

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

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

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

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

Auckland's property hotspots revealed

Property prices in the sleepy seaside suburb of Beachlands have been hotter than anywhere else in Auckland so far this year, says the city's biggest real estate agency.Beachlands had a median sales price rise of [...]

By | July 28th, 2017|Categories: Business|0 Comments

Kiwi tech helps sports superstars recover

After a car accident left him unable to walk or pursue his dream of becoming a professional swimmer, Mark Finch has dedicated the past six years to creating groundbreaking technology that helps athletes recover from [...]

By | July 28th, 2017|Categories: Business|0 Comments

Moon Express dream of lunar mission with Rocket Lab on track

A private company planning a Moon mission involving New Zealand's Rocket Lab says it still hopes to reach the lunar surface by as early as the end of the year.Florida-based Moon Express signed a deal [...]

By | July 28th, 2017|Categories: Business|0 Comments

A decade of Auckland house price growth dwarfs 2017 slowdown

Auckland's property market is slowing, with prices falling in the past few months, however 10-year data from real estate agent Barfoot & Thompson puts the scale of the slump into stark perspective.The company's top 20 [...]

By | July 28th, 2017|Categories: Business|0 Comments

Mary Holm: Sailing ahead with term deposits

Q: What's the future of term deposit interest rates? There's absolutely no incentive to save with current interest rates. This is the opinion of many people I know who ask the Government to stop taxing [...]

By | July 28th, 2017|Categories: Business|0 Comments

Kmart fans have gone crazy over this new bargain item – $37 shoe rack

Kmart is known for sending people into a frenzy with their incredible bargains and there always seems to be one item that devout fans of the store are going crazy over.Last week it was the [...]

By | July 28th, 2017|Categories: Business|0 Comments

Cyber spies use fake profile as a 'honey pot' to trap male workers

By Dana McCauley Mia Ash is young, attractive and popular, with hundreds of social media connections.She shares your favourite hobbies, so when she adds you, you're flattered and a little bit excited.After exchanging messages... Source: [...]

By | July 28th, 2017|Categories: Business|0 Comments

Tourism NZ's Stephen England-Hall: The new man who's selling the country

Self-described computer geek Stephen England-Hall says heading Tourism New Zealand was never part of his original long-term plan."If you'd asked me 10 years ago would I end up being the chief executive of a Crown-owned [...]

By | July 28th, 2017|Categories: Business|0 Comments

Media withdraw from EY journalism awards

Several media organisations have withdrawn from the annual EY business journalism awards after an entry about one of the consultancy firm's clients was removed.The entry by journalist Karyn Scherer at NBR was an investigation published... [...]

By | July 28th, 2017|Categories: Business|0 Comments

Birkenstock CEO accuses Amazon of 'modern day piracy'

The chief executive of Birkenstock USA has emerged as an unlikely crusader in a growing battle between smaller retailers and ever-expanding giant Amazon.com.His message to shop owners: Don't even think about selling our shoes to... [...]

By | July 28th, 2017|Categories: Business|0 Comments

Growers speak out over avocado thefts

Avocado thefts have grown into a sophisticated operation in which orchards were targeted using Google Earth, with tonnes of fruit stripped off trees on moonlit nights.Grower Ashby Whitehead's former orchard at Rangiuru was hit four... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Brian Fallow: Govt's carbon policy? We're thinking about it

Into the fog of uncertainty shrouding the future of the Emissions Trading Scheme, Climate Change Minister Paula Bennett has blown the gentlest of puffs.Most of the long-awaited outcomes announced on Wednesday, flowing from the Government's... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Stock takes: NZ investors look for earnings growth

A distinct lack of euphoria surrounds New Zealand and other sharemarkets, despite many of them hitting record highs in recent weeks.In New Zealand's case, much of that reserve can be put down to the proximity [...]

By | July 27th, 2017|Categories: Business|0 Comments

John Drinnan: What's a celebrity really worth?

The BBC salaries row has revived an old discussion about the value of celebrity and what was once called "a culture of excess" at TVNZ.The release of BBC pay deals has revealed that one-time Top [...]

By | July 27th, 2017|Categories: Business|0 Comments

Amazon CEO Jeff Bezos becomes wealthiest person in the world after stocks rise

Amazon.com Inc chief executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of US$90.6 billion [...]

By | July 27th, 2017|Categories: Business|0 Comments

World Masters Games in Auckland pumped $63m into national economy

The 2017 World Masters Games in Auckland have been touted a success with organisers announcing an $800,000 profit and with visitors pumping $63 million into the country's economy.Nearly 30 thousand amateur athletes from all over... [...]

By | July 27th, 2017|Categories: Business|0 Comments

NZ shares mixed, A2 at record while Fletcher recovers

New Zealand shares were mixed, with A2 Milk Co at a fresh record and Fletcher Building continuing to recover, while Sky City Entertainment Group fell.The S&P/NZX50 Index rose 1.13 points, or 0.015 per cent, to [...]

By | July 27th, 2017|Categories: Business|0 Comments

Summerset open first stage of $250m Ellerslie development

Stage one development of a $250 million Summerset retirement village in Ellerslie was opened today by Prime Minister Bill English. Summerset said the higher density nature of the retirement village, compared to the residential homes... [...]

By | July 27th, 2017|Categories: Business|0 Comments

Kiwi dollar hits 26-month high against US

The kiwi dollar pushed to a fresh 26-month high against the greenback as the US dollar remained out of favor in Asian trading.The kiwi traded at 75.45 US cents at 5pm from 75.12 US cents [...]

By | July 27th, 2017|Categories: Business|0 Comments

Fonterra confirms in early talks with Argentina's SanCor

The chairman of Fonterra, John Wilson, has confirmed the co-operative is in talks with Argentina's main dairy company, SanCor, over a possible tie up but said discussions were "at a very early stage".Argentina's two biggest [...]

By | July 27th, 2017|Categories: Business|0 Comments

'Significant increase' in Facebook sale scams

Southern police are calling for people to vigilant after a "significant increase'' in people using Facebook to rip-off unsuspecting consumers.Senior Constable Darryn Buist, of the Otago Coastal Proactive Safety Team, said people... Source: NZ Herald [...]

By | July 26th, 2017|Categories: Business|0 Comments

Brent Sheather: Investing in term deposits far from plain sailing

By Brent Sheather Despite all the hype about Auckland residential property and KiwiSaver, and in spite of how well the local stockmarket is going, New Zealanders still have some $158 billion invested in term deposits. [...]

By | July 26th, 2017|Categories: Business|0 Comments

Key ACA insurer urges gov't to keep customer subsidies

One of the biggest insurers in the Affordable Care Act's marketplaces is warning the federal government that it must preserve cost-sharing payments for low-income customers to avoid hurting millions of people.Centene Chairman and... Source: NZ [...]

By | July 26th, 2017|Categories: Business|0 Comments

Court nixes rifle target maker's defamation suit against NBC

NEW YORK (AP) " A federal appeals court says a rifle target maker missed its mark when it said in a lawsuit that NBC mischaracterized its exploding targets as bombs.The 2nd U.S. Circuit Court of [...]

By | July 26th, 2017|Categories: Business|0 Comments

Greece raises $3.5 billion in milestone bond issue

ATHENS, Greece (AP) " The Greek government says it has raised 3 billion euros ($3.5 billion) from the country's first bond issue in more than three years, which was more than two times oversubscribed.The government [...]

By | July 26th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Media should be in the vanguard of change

Why is it that the notion a woman might get a 'fair suck of the sav' still irritates some media professionals a full century after women achieved the vote.You would expect news media to be [...]

By | July 26th, 2017|Categories: Business|0 Comments

NZ shares mixed, A2, Fletcher rally while Tower drops 28pc

New Zealand shares were mixed, with A2 Milk Co at a record high and Fletcher Building recovering some losses while Tower plunged 28 per cent after its merger application was declined.The S&P/NZX50 Index dipped 2.47 [...]

By | July 26th, 2017|Categories: Business|0 Comments

Dollar gains vs Aussie after weak CPI, Lowe speech

The New Zealand dollar gained against the Aussie after Australian second-quarter inflation was more muted than expected and Reserve Bank governor Philip Lowe talked down the possibility of imminent rate hikes. The kiwi rose to [...]

By | July 26th, 2017|Categories: Business|0 Comments

IFC readies for launch of NZ's first green Kauri bond

International Finance Corporation (IFC) - part of the World Bank - has mandated the ANZ and the BNZ to manage New Zealand's first green "Kauri" bond issue.A Kauri bond is a bond denominated in New [...]

By | July 26th, 2017|Categories: Business|0 Comments

Finance Minister Steven Joyce denies plans to sell off Transpower

Finance Minister Steven Joyce has denied the Government has plans to sell grid operator Transpower after NZ First leader Winston Peters released a confidential report by an investment bank on the options for a possible [...]

By | July 26th, 2017|Categories: Business|0 Comments

Deal signed for new $200m Auckland hotel aimed at healthy travellers

A deal to bring a new hotel brand to New Zealand was formalised in Sydney yesterday, with plans for a 200-room EVEN hotel in the city's central business district.It will be the first EVEN outside [...]

By | July 25th, 2017|Categories: Business|0 Comments

Juha Saarinen: Software money? We're not ready for that

Cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin haven't even been around for a decade, but they are valued somewhere about $135 billion already, which isn't small change. For an outsider used to government-issued money... Source: [...]

By | July 25th, 2017|Categories: Business|0 Comments

Riding the rails: Touring Rhode Island on a rail bike

PORTSMOUTH, R.I. (AP) " There's a new way to ride the rails in Rhode Island: by pedaling a rail bike beside picturesque Narragansett Bay.Rail Explorers opened in Portsmouth in April as part of the Newport [...]

By | July 25th, 2017|Categories: Business|0 Comments

Markets Right Now: A mixed start for US stocks

NEW YORK (AP) " The latest on developments in financial markets (All times local):9:35 a.m.Stocks are off to a mixed start on Wall Street as declines in health care and consumer-focused companies outweigh gains in [...]

By | July 25th, 2017|Categories: Business|0 Comments

German automakers' shares fall on diesel emissions concerns

FRANKFURT, Germany (AP) " The German auto industry's troubles over excessive diesel emissions are looming larger.Shares in the three biggest German automakers fell Monday after a newsmagazine report claimed they had colluded for... Source: NZ [...]

By | July 25th, 2017|Categories: Business|0 Comments

Auckland realty agent tried to sell home without owner's permission

A real estate agent who claimed to work for a luxury Auckland firm has been struck off after trying to sell a Grey Lynn villa without the owner's knowledge or permission.Julian Angelo created a Trade [...]

By | July 25th, 2017|Categories: Business|0 Comments

NZ shares mixed; beat-up Fletcher rises

New Zealand shares were mixed, with Fletcher Building and A2 Milk Co gaining while Sky Network Television and Bethunes Investments dropped.The S&P/NZX 50 Index rose 30.77 points, or 0.4 percent, to 7,713.06. Within the index, [...]

By | July 25th, 2017|Categories: Business|0 Comments

US employment expert tells employers to up-skill or perish

An American employment expert says New Zealand companies need to do much more to ensure future workforces are up to the challenges brought on by changes in demographics and increased automation.Los Angeles-based chief executive... Source: [...]

By | July 25th, 2017|Categories: Business|0 Comments

Kiwi a tad higher vs greenback

The New Zealand dollar dipped after the Ministry for Primary Industries said a cattle disease had been detected in a dairy herd in South Canterbury but swiftly pared its losses on the back of a [...]

By | July 25th, 2017|Categories: Business|0 Comments

Trans Tasman Resources iron sand decision pushed back

The decision making committee which will determine whether Trans Tasman Resources gets a green light to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone has indicated it requires an additional [...]

By | July 25th, 2017|Categories: Business|0 Comments

Future of Airbus A380 hinges on Emirates order

Airbus is working on vital sales campaigns aimed at extending the life of its flagship A380 superjumbo, with outgoing marketing chief John Leahy seeking to secure orders by the Dubai Air Show in November, people [...]

By | July 24th, 2017|Categories: Business|0 Comments

Japanese brewers want to turn NZ into a nation of sake drinkers

Once a drink for middle-aged and elderly Japanese, sake brewers have introduced new varieties from sparkling sake to sake cocktails aimed at women and the young.Now, these Japanese sake brewers want to spread the delicate [...]

By | July 24th, 2017|Categories: Business|0 Comments

Green Building Council overhauls Homestar standard

The Green Building Council is overhauling its "Homestar" quality verification tool for the first time in seven years.The NZGBCsaid the changes would make it easier for the building and construction sector to "lift and verify [...]

By | July 24th, 2017|Categories: Business|0 Comments

Mark Lister: Study of earning trends vital for investors

• Mark Lister is head of private wealth research at Craigs Investment Partners This column is general in nature and should not be regarded as specific investment advice The August reporting season will see many [...]

By | July 24th, 2017|Categories: Business|0 Comments

Victory for 'Dunkirk' and 'Girls Trip' at box office

LOS ANGELES (AP) " It's victory for "Dunkirk" at the box office this weekend. Studios on Sunday say the Christopher Nolan World War II epic earned an estimated $50.5 million to top the charts, with [...]

By | July 24th, 2017|Categories: Business|0 Comments

NZ shares rise, Stride, Warehouse Group gain

New Zealand shares gained, led by Stride Property and Warehouse Group, while dual-listed Westpac Banking Corp and Australia & New Zealand Banking Group fell.The S&P/NZX50 Index rose 11.43 points, or 0.1 per cent, to 7,682.29. [...]

By | July 24th, 2017|Categories: Business|0 Comments

Caniwi commits another $26m to property portfolio

Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21m for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, and a $5m... Source: [...]

By | July 24th, 2017|Categories: Business|0 Comments

NZ dollar falls from 10-month high as Aussie data awaited

The New Zealand dollar fell from the 10-month high it reached in New York on Friday as investors await offshore events for direction, in particular in Australia.The kiwi traded at 74.32 US cents as at [...]

By | July 24th, 2017|Categories: Business|0 Comments

Deluge misses southern hydro lakes

Last weekend may have been Oamaru's wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro [...]

By | July 24th, 2017|Categories: Business|0 Comments

Kiwis are now talking more on mobile than landline

Kiwis chatted for more than 8 billion minutes on their mobiles last year - nearly four times the amount they did a decade ago.2016 was also the first year we talked longer on our mobiles [...]

By | July 24th, 2017|Categories: Business|0 Comments

Small Business: Running an e-commerce business from Raglan – Fallenfront

Steve Crowhurst, 34, runs his e-commerce business from the surf shores of Raglan. Crowhurst talks about the beauty of technology, the internet, how it provides flexibility and what his work schedule looks like. A brief [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Fletcher blow-out $231m: Analysts

Costs on two big Fletcher Building projects have blown-out by an estimated $231 million and the company's construction division faces further potential losses, analysts say.New Zealand's biggest construction company has also seen... Source: NZ Herald [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Real estate agent faces trial over Auckland property deals

A real estate agent who faces up to seven years in jail if convicted over two property deals in which investigators say he personally benefited by more than $850,000 will go on trial today.Former Barfoot [...]

By | July 23rd, 2017|Categories: Business|0 Comments

What new owner plans to do with PK Furniture

The buyer of embattled PK Furniture says the chain is going to be nothing like it used to be, with a complete rebrand and change of direction.PK Furniture, which at one point ran 17 North [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Qatar Airways says world's longest flight from Auckland not hit by blockade

Qatar Airways says the blockade imposed by some of its neighbours has not dented performance of its non-stop Auckland-Doha service.The airline has been flying what is the world's longest daily flight since February but operations... [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Bank customers get $39m in payouts over 25 years

Bank customers have received nearly $39 million in compensation since the Banking Ombudsman scheme began operating 25 years ago.But the scheme nearly got pulled at the beginning after two banks threatened to withdraw their membership."There... [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Beleaguered Aussie retail chain suffers another setback

There is probably no tougher job for a chief executive than the turnaround.Let's face, when a business is humming along in a strong economy, it probably doesn't matter very much who occupies the chief executive's [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Government announces $600m housing boost for Auckland

Auckland's housing crisis has received a $600 million boost from the Government today to bring forward construction of 23,300 new homes in the north and south of the city.Prime Minister Bill English announced the Government [...]

By | July 23rd, 2017|Categories: Business|0 Comments

Liam Dann: Next Government must be ready for a market crash

It's hard to know if all the turmoil of global politics has eased off in the past few weeks or if I have become more numb to it.Donald Trump's son has been implicated more deeply [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Number of people changing electricity suppliers slumps following 2011 campaign

There might be a huge number of electricity suppliers to choose from, but fewer New Zealanders are opting to switch providers for better prices.But they are being urged to keep checking they're getting the best [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Diana Clement: fundraising a good way to learn about money

Fundraising is the bane of many parents' lives. Your kids get sent home with a carton of chocolate bars or raffle tickets to sell, leaving you to argue with your offspring until you're red in [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Shoppers at The Warehouse often go plastic free to save money

Kiwi consumers are helping save the environment with their wallets as more ditch plastic bags while shopping - and more are likely if the majority of our mayors succeed in introducing a Government-backed surcharge.The number [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Regulators release environmental assessment of pipeline

RICHMOND, Va. (AP) " The Atlantic Coast Pipeline intended to carry natural gas across West Virginia, Virginia and North Carolina would have some adverse environmental effects, including impacts on water resources, forest and other... Source: [...]

By | July 22nd, 2017|Categories: Business|0 Comments

How Jaddan Comerford built a $7 million global music empire from his bedroom

The only difference between having a record company, and not having a record company, is saying you have a record company."That's according to Jaddan Comerford, who grew his music business from a one-man show in [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Invivo Wines makes Graham Norton video

Invivo Wines have released their latest ad, a winemaking video featuring Graham Norton.Norton, who has a small share in the Te Kauwhata winery, can be seen blending wines solo while Invivo co-founders Rob Cameron and [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Lifeguards say regional tourism push increases risks of drowning at Hot Water Beach

A campaign to encourage tourists to visit regions in off-peak times of the year has lifeguards worried more overseas visitors could drown.Tourism Minister Paula Bennett says she was open to talking with surf clubs about [...]

By | July 22nd, 2017|Categories: Business|0 Comments

German car giants 'may have colluded on emissions'

Germany's biggest carmakers are being investigated on suspicion of ­operating a secret technology cartel for the past 20 years that led to the dieselgate emissions scandal, it was claimed today.Daimler, BMW, Volkswagen and the two... [...]

By | July 22nd, 2017|Categories: Business|0 Comments

Watch NZH Local Focus: Rotorua company moving into Christchurch and Auckland

It was heralded as the largest indoor entertainment venue in New Zealand when it opened last year. Now, Motion Entertainment wants to expand further. "We had forecast 200,000 people for Motion Entertainment, walking through the... [...]

By | July 21st, 2017|Categories: Business|0 Comments

Mary Holm: 'Real' or not, fund returns add up

I read with interest your reply with respect to KiwiSaver returns last week. You mention that the returns are, in a way, artificial. I think the way providers calculate them is artificial and grossly understated.If [...]

By | July 21st, 2017|Categories: Business|0 Comments

National Business Review's rich-list 2017 reveals NZ's most wealthy

Nineteen people have joined the exclusive club that make up the National Business Review's rich-list, adding $7b to its collective worth - a total $80b, up from $73b last year. It was the highest number [...]

By | July 21st, 2017|Categories: Business|0 Comments

New Fletcher chief could slash again

Mark Adamson's replacement at Fletcher Building may write down the value of more assets at the country's biggest construction company, says a fund manager.The firm's board is on the hunt for a new chief executive [...]

By | July 21st, 2017|Categories: Business|0 Comments

'We invented competition in New Zealand': 2degrees boss

Walking into the office as the new boss of 2degrees, after the death of his friend and predecessor Eric Hertz, was the probably the toughest thing Stewart Sherriff has ever done.How would the young telecommunications [...]

By | July 21st, 2017|Categories: Business|0 Comments

Jetstar's carry-on crackdown costs passenger $70 for being 1kg over the weight limit

A Jetstar passenger was left annoyed and frustrated by a carry-on crackdown earlier this month which meant forking out $70 to check in a bag because her hand luggage was 1kg overweight.The passenger, who did [...]

By | July 21st, 2017|Categories: Business|0 Comments

The first 'beer for women' faces backlash

A beer marketed specifically at women is facing a major backlash online with social media users branding it "sexist" and "stupid".The beer, brewed in the Czech Republic, comes in a pretty pink bottle and has [...]

By | July 21st, 2017|Categories: Business|0 Comments

Gear Friday: 13-inch 2017 MacBook Pro 'Kaby Lake'

Apple put Intel "Kaby Lake" processors into the MacBook Pro laptop range which hasn't been out that long; the question is, should you have waited for the new hardware, instead of buying the first generation [...]

By | July 21st, 2017|Categories: Business|0 Comments

Fonterra to spend $150m on new Darfield plants

Fonterra said it plans to spend $150 million on building two new cream cheese plants at its plant in Darfield, where the co-operative already operates a huge milk powder making facility.The Darfield plant in Canterbury [...]

By | July 21st, 2017|Categories: Business|0 Comments

Former ASB bank boss Hugh Burrett dies

Former ASB bank chief executive Hugh Burrett has died.Burrett was CEO of the bank from 2001 to 2008 and had a career of more than 40 years with the bank.Barbara Chapman, current ASB chief executive, [...]

By | July 20th, 2017|Categories: Business|0 Comments

Stock Takes: Playing both sides of the Tasman

Playing both sides Briscoe Group has become the latest New Zealand company to dual list in Australia as a foreign exempt entity.Law firm Chapman Tripp noted the growing trend in its annual capital markets report [...]

By | July 20th, 2017|Categories: Business|0 Comments

Brian Fallow: Debt falls, but we're not home & dry

Over the past eight years, New Zealand has gone from being up to its neck in debt to the rest of the world, to up to its belly.Net foreign liabilities have declined from nearly 85 [...]

By | July 20th, 2017|Categories: Business|0 Comments

Is that a drone at the door?

The last mile. It's a short phrase, but one that carries a lot of baggage.In the unglamorous world of transport, the last mile is the final bit of ground which a parcel covers to reach [...]

By | July 20th, 2017|Categories: Business|0 Comments

One in four KiwiSaver investors say fees not explained

The investment watchdog says financial providers need to do a better job of explaining fees and product appropriateness after a poor report card from consumers.Research by the Financial Markets Authority found just 52 per cent [...]

By | July 20th, 2017|Categories: Business|0 Comments

John Drinnan: Sticking with the Breakfast menu

TVNZ denies reports that big changes are coming for its morning showTVNZ says it is happy with its Breakfast team, headed by Hilary Barry and Jack Tame.TVNZ's head of news and current affairs, John Gillespie, [...]

By | July 20th, 2017|Categories: Business|0 Comments

State-owned Airways gives $11,000 book as leaving gift to CEO

Airways have been forced to apologise after it was revealed it spent $11,417 on a farewell book for their departing chief executive Ed Sims.The leaving gift was a photo book made by Christchurch creative agency [...]

By | July 20th, 2017|Categories: Business|0 Comments

Fletcher Building plunges on Adamson ouster

New Zealand shares fell, dragged lower by Fletcher Building hitting a six-week low, as the company's board advised a second large earnings downgrade this year and the departure of its chief executive, Mark Adamson.The S&P/NZX50... [...]

By | July 20th, 2017|Categories: Business|0 Comments

NZ dollar pares losses against Aussie

The New Zealand dollar touched a fresh three-month low against the Australian dollar after strong Aussie jobs numbers, but pared some of its losses over the course of the day.The kiwi was trading at 92.51 [...]

By | July 20th, 2017|Categories: Business|0 Comments

Judge orders Ngatata Love property be sold

The Plimmerton house at the centre of Ngatata Love's fraud case must be sold, as it is tainted by the proceeds of crime and its value is eroding as the mortgage is nearly $100,000 in [...]

By | July 20th, 2017|Categories: Business|0 Comments

RBNZ considering IMF recommendations

The Reserve Bank of has begun a process to review the relevant findings and recommendations from an International Monetary Fund review and is initially focused on whether greater alignment with international orthodoxy might contribute... Source: [...]

By | July 20th, 2017|Categories: Business|0 Comments

Washington Companies has deal to buy Canadian diamond mine

MISSOULA, Mont. (AP) " The Montana-based Washington Companies has an agreement to buy a Canadian diamond mining company for $1.2 billion.Shareholders of Dominion Diamond Corp. and Canadian investment regulators must approve the... Source: NZ Herald [...]

By | July 19th, 2017|Categories: Business|0 Comments

Blockchain the Transformer

It's vital that New Zealand's agri industry pays close attention to blockchain development and ensures we are well positioned to capture our share of new value this technology could unlock. Kevin CooneyMention blockchain and agriculture... [...]

By | July 19th, 2017|Categories: Business|0 Comments

The coming dairy revolution

Our current pickle is a consequence of history. Decisions which seemed justifiable to many at the time, now, with hindsight, look decidedly flawed.Rising dairy prices over the last nine months have given dairy farmers a [...]

By | July 19th, 2017|Categories: Business|0 Comments

A prime cut above the rest

'High performers are driven by much more than profitability, and are underpinned by a strong team. They have a deep connection to the land and 'way-of-life' sheep and beef farming can provide.There is also strong [...]

By | July 19th, 2017|Categories: Business|0 Comments

Innovative the path to the future

Innovation is the key ingredient to the New Zealand dairy industry's success, maintains Fonterra chief executive Theo Spierings - particularly in a changing economic landscape."We're living in a period of unprecedented technological... Source: NZ Herald [...]

By | July 19th, 2017|Categories: Business|0 Comments

Couple receives $28,000 from Australian Taxation Office after fake tax return was lodged

A Melbourne couple received a whopping A$26,000 (NZ$28,011) tax return, an unexpected windfall that was mistakenly put in their accounts by the Australian Taxation Office.Gay Mitchell was paying bills on Monday when she noticed... Source: [...]

By | July 19th, 2017|Categories: Business|0 Comments

Stephen Jones to depart Air NZ for budget Hungarian carrier Wizz Air

Air New Zealand's chief of strategy networks and alliances Stephen Jones has quit to take up a top job at Hungarian budget carrier Wizz Air.Jones has bbeen appointed executive vice president and deputy chief executive [...]

By | July 19th, 2017|Categories: Business|0 Comments

NZ shares at record, Westpac and ANZ lead gains

New Zealand shares rose to a fresh record, led by Westpac Banking Corp and Australia & New Zealand Banking Corp on positive regulatory news out of Australia, while Contact Energy fell after weaker monthly statistics.The [...]

By | July 19th, 2017|Categories: Business|0 Comments

Chinese and US bosses urge resolution to trade row

Executives of top Chinese and American companies, signalling their mutual desire to avoid a trade war between the world's two largest economies, called on their nations to resolve bilateral trade disputes through negotiations geared... Source: [...]

By | July 19th, 2017|Categories: Business|0 Comments

NZ dollar falls vs Aussie, gains against greenback

The New Zealand dollar extended its slide against the Aussie but some market participants say it may reverse course and rise in the medium term if the Reserve Bank begins raising interest rates ahead of [...]

By | July 19th, 2017|Categories: Business|0 Comments

Insurer trials cover for travellers with mental illness

A travel insurance company is to trial offering cover for those with a pre-existing mental illness, provided they pay a premium.Cover-More, which is owned by Swiss insurer Zurich, says it has removed a general exclusion [...]

By | July 18th, 2017|Categories: Business|0 Comments

Cricketer-run online cricket business BehindTheSeams.tv set to launch next month

A Kiwi web platform dedicated to all things cricket is set to launch next month aiming to tap in to the massive popularity of the game in India.BehindTheSeams.tv, an online subscription service offering exclusive video [...]

By | July 18th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: Rorting the system a multi-sport

You have got to hand it to the Material Girl for 'fessing up' to taking part in the national sport of rorting the system.When Metiria Turei confessed to taking on flatties to eke out her [...]

By | July 18th, 2017|Categories: Business|0 Comments

Juha Saarinen: Letting spooks into our devices a big call

As expected, the Turnbull government in Australia will push for laws that open up mobile devices and encrypted services to intelligence agencies and law enforcement, despite criticism that such a move will lessen people's security... [...]

By | July 18th, 2017|Categories: Business|0 Comments

Gary Mortimer: Getting rid of plastic bags is a windfall for supermarkets but it won't do much for the environment

• Gary Mortimer , Associate Professor, Queensland University of Technology Moves by major supermarkets to stop providing free plastic bags could earn these businesses more than A$1 million ($1.07m) a year, but may... Source: NZ [...]

By | July 18th, 2017|Categories: Business|0 Comments

Labour would restart contributions to Super Fund

Labour would immediately restart contributions to the Superannuation Fund if it wins the election, leader Andrew Little has announced. It has promised to pay in $500 million in the current financial year if it leads [...]

By | July 18th, 2017|Categories: Business|0 Comments

NZX50 at record, stocks like Trustpower, Mercury bolstered by softer CPI

New Zealand shares hit a record as weaker CPI numbers bolstered shares, with dividend stocks like Mercury New Zealand and Trustpower benefiting.The S&P/NZX50 Index gained 7.76 points, or 1 per cent, to 7,707.33. Within the [...]

By | July 18th, 2017|Categories: Business|0 Comments

Electricity retailers seek 'ring-fencing' of competition from monopoly networks

Electricity retailers are urging regulators to 'ring-fence' solar, battery and other emerging technology businesses being pursued by monopoly electricity network owners to allow competition in new electricity services to flourish.But... Source: NZ Herald Business News

By | July 18th, 2017|Categories: Business|0 Comments

NZ dollar falls vs Aussie, 'parity party cancelled'

The New Zealand dollar took a tumble against the Australian dollar after weak domestic inflation contrasted sharply with a more upbeat economic outlook from the Reserve Bank of Australian in the minutes of its last [...]

By | July 18th, 2017|Categories: Business|0 Comments

NZ official interest rates likely to be on hold for longer

Consumer price inflation did not budge over the June quarter, reinforcing the Reserve Bank's view that there is no need to start raising interest rates any time soon, say economists.The zero movement in the CPI [...]

By | July 18th, 2017|Categories: Business|0 Comments

Farmers look to GDT dairy auction to back up milk prices

This week's Global Dairy Trade auction is shaping up to be another firm one, lending more weight to the elevated farmgate milk price forecasts already in the market.Whole milk powder - the key product for [...]

By | July 17th, 2017|Categories: Business|0 Comments

Twelve Questions with teen entrepreneur Toby Carr

Toby Carr was just 14 when he started his tech company DeXTech. The teen entrepreneur is one of the young innovators speaking at next month's Festival for the Future in Auckland. 1 What's it like [...]

By | July 17th, 2017|Categories: Business|0 Comments

Record Auckland CBD apartments rising

A record 1216 new apartments worth more than $600 million will be completed this year in Auckland's central business district - the highest this decade, research shows.Zoltan Moricz, senior director and head of research at [...]

By | July 17th, 2017|Categories: Business|0 Comments

Labour leader Andrew Little's sights on multinationals

Labour leader Andrew Little is threatening to apply a penalty tax on the profits of multinational companies that deliberately avoid paying their fair share of tax in New Zealand.Little has written to the leaders of [...]

By | July 17th, 2017|Categories: Business|0 Comments

Wildfires rage along Adriatic coast in Croatia, Montenegro

ZAGREB, Croatia (AP) " Firefighters in Croatia and Montenegro have been struggling to contain wild fires that have erupted along the Adriatic coast in the two countries at the height of the tourism season.In Croatia, [...]

By | July 17th, 2017|Categories: Business|0 Comments

Auditor-General won't be investigating Peter Thiel's NZ citizenship

The Auditor-General won't be conducting an inquiry into the decision to grant citizenship to San Francisco-based billionaire investor Peter Thiel, said deputy controller and auditor-general Greg Schollum in response to a request from... Source: NZ [...]

By | July 17th, 2017|Categories: Business|0 Comments

Paul Lochore: Leaky-unit owners left to face ruin

• Paul Lochore is managing director of Lochore's Real Estate, Birkenhead. There is a silent epidemic spreading through our city. Its victims are ordinary people.In our body corporate work my colleagues and I have first-hand... [...]

By | July 17th, 2017|Categories: Business|0 Comments

NZ shares up, retirement stocks continue to gain

New Zealand shares rose broadly, with the market led by continued gains from Summerset Holdings and Metlifecare, while smaller stock Pushpay Holdings kept rising too.The S&P/NZX50 Index rose 49.8 points, or 0.65 percent, to 7,699.57.... [...]

By | July 17th, 2017|Categories: Business|0 Comments

NZ dollar off early highs but rangebound ahead of inflation data

The New Zealand dollar was off its highs after some comments from a central bank deputy governor and ahead of Tuesday's second-quarter domestic inflation data. The kiwi traded at 73.30 US cents as at 5pm [...]

By | July 17th, 2017|Categories: Business|0 Comments

Aussie Caramilk demands has Kiwis creaming it on eBay

The Australian demand for the limited edition, New Zealand-only, run of Caramilk is leading to Kiwis creaming it on eBay.A pack of five blocks with free postage was on sale for a whopping A$149 (NZ$159). [...]

By | July 17th, 2017|Categories: Business|0 Comments

Small Business: Offering the world a taste of New Zealand – Rod McDonald Wines

Rod McDonald, founder and owner of Hawke's Bay based Rod McDonald Wines, started the business 11 years ago. McDonald talks about the industry, awards and perks that come with the job. A brief description of [...]

By | July 16th, 2017|Categories: Business|0 Comments

Futuristic Queenstown bunker house plans short-listed for award

An Auckland architecture practice has been short-listed for a global award for audacious plans for a futuristic, partially underground bunker-style house planned for Jack's Point near Queenstown.Hamish Monk and Dean Mackenzie of... Source: NZ Herald [...]

By | July 16th, 2017|Categories: Business|0 Comments

'I had reached the end. I had nowhere to go': Battle over $2.5m property

For six months, a man lived without paying a cent in a $2.125m rural property overlooking a river. And when the home owner tried to get the man out - after their sale agreement turned [...]

By | July 16th, 2017|Categories: Business|0 Comments

Self-fueling boat sets off from Paris on 6-year world trip

PARIS (AP) " A boat that fuels itself is setting off around the world from Paris on a six-year journey that its designers hope will serves as a model for emissions-free energy networks of the [...]

By | July 16th, 2017|Categories: Business|0 Comments

Debate over use of jumbo bomber as wildfires rage in West

BOISE, Idaho (AP) " A giant aircraft that can fly high above oceans on intercontinental flights instead jets in low and slow over a flaming forest, trailing a long plume that settles on the ground [...]

By | July 16th, 2017|Categories: Business|0 Comments

Foreign ownership of Air NZ soars after govt sell-down

Overseas investment in Air New Zealand has soared since the government sold off part of the airline but the listed power companies remain tightly held by Kiwi investors.In 2013 and 2014 the government floated Mercury [...]

By | July 16th, 2017|Categories: Business|0 Comments

Niesche: Regulation hampers Aus-China trade

When the Australia-China free trade deal came in to effect in December 2015, it was supposed to ease the way for Aussie food makers.But the woes of diary producers Bellamy's Organic and Parmalat over the [...]

By | July 16th, 2017|Categories: Business|0 Comments

Eric Watson wins court battle against former friend

Rich-lister Eric Watson and his company Cullen Investments have won a legal battle against a former employee and friend.This week a British court ruled Julian Brown was in breach of his contractual obligations with Cullen [...]

By | July 16th, 2017|Categories: Business|0 Comments

Why Vector is not paying back what it overcharged you

Vector is refusing to pay back $13.9 million to Aucklanders after overcharging them.A Commerce Commission decision earlier this month found that the power company had been overcharging customers, something it admitted to.After... Source: NZ Herald [...]

By | July 16th, 2017|Categories: Business|0 Comments

Own this squalid dump for almost $2m

Squalid dumps including completely unliveable houses are up for sale as the real estate market prepares for a "Super Saturday" of auctions.The number of houses advertised for sale in Sydney is on a three-year high, [...]

By | July 15th, 2017|Categories: Business|0 Comments

Qatari FM says Gulf standoff cannot be resolved in a day

ANKARA, Turkey (AP) " Qatar's foreign minister said Friday it would be unfair to describe U.S. Secretary of State Rex Tillerson's shuttle diplomacy to find a solution for a major Persian Gulf feud as a [...]

By | July 15th, 2017|Categories: Business|0 Comments

Liam Dann: The most basic needs loom large in this election

Food and shelter: human economics doesn't get much more basic than that. These are the basic human needs, the issues we've been talking about since our species began to talk.In 2017 they remain the most [...]

By | July 15th, 2017|Categories: Business|0 Comments

Early America's Cup interest in seaside land

Fresh from losing the America's Cup, billionaire Larry Ellison and his syndicate Oracle Team USA look set to want a crack at winning it back.The Herald on Sunday has learnt that representatives for Ellison - [...]

By | July 15th, 2017|Categories: Business|0 Comments

Diana Clement: Paying tradies cash not okay

Do you pay your tradies cash? You could be enabling tax evasion.A good chunk of law-abiding Kiwis think the concept of cash jobs is fine, according to a Facebook discussion on the subject I followed. [...]

By | July 15th, 2017|Categories: Business|0 Comments

Honda unveils new Accord as midsize cars fall out of favor

DETROIT (AP) " The latest version of Honda's popular Accord midsize car is lower, wider, lighter and sleeker than its predecessor, and the company says it's faster and handles better. But no matter how nice [...]

By | July 15th, 2017|Categories: Business|0 Comments

The concentration camp survivor building a hospital for Wellington's kids

During his 82 years, Mark Dunajtschik has been imprisoned in a concentration camp, walked through the night as a refugee, developed a thriving property business, and now dedicated $50 million to build a children's hospital [...]

By | July 15th, 2017|Categories: Business|0 Comments

The parking ticket you want to get

At first glance, this looks like a parking ticket, but when you take a second look, it's something much better. The tickets are being handed out on cars in Christchurch for "failing to display a [...]

By | July 15th, 2017|Categories: Business|0 Comments

Your iPhone has a tiny and mysterious hole near the camera – here's what it's used for

Apple has steadily packed its iPhones full of more and more exciting features over the years.But there are loads of innovations you've probably never noticed, including a small hole just next to the camera, reports [...]

By | July 15th, 2017|Categories: Business|0 Comments

Mary Holm: Is it the money – or the voucher?

One of the biggest consumer rip-offs that even Consumer NZ seems to approve is the sale of gift vouchers to ignorant or ill-informed customers.More and more businesses seem to be entering these "print your own [...]

By | July 14th, 2017|Categories: Business|0 Comments

Thousands making multiple withdrawls from KiwiSaver in tough times

More than 15,000 Kiwis have made more than one withdrawal from their KiwiSaver account for hardship reasons since the scheme began.Figures from the Inland Revenue show 15,081 members have been forced to dip into their [...]

By | July 14th, 2017|Categories: Business|0 Comments

Fran O'Sullivan: End of the property party? Good news

Don't blame the media for spoiling the party and precipitating the levelling off of the Auckland housing market boom. There comes a point in any long-run boom - be it for shares, property, or commodities [...]

By | July 14th, 2017|Categories: Business|0 Comments

Brian Gaynor: Car boom looks like last hurrah for petrol power

Vehicle sales are booming but are we buying cars that will be obsolete before the end of their working life?This issue has been highlighted by Volvo's recent decision that all new models launched from 2019 [...]

By | July 14th, 2017|Categories: Business|0 Comments

Warriors league star Wairangi Koopu cuts ties with 'no fees' house buying firm

A former Kiwis and Warriors rugby league star has cut ties with a 'no commission, no fees' house buying company that's accused of taking advantage of vulnerable homeowners.Wairangi Koopu's name and image have been used [...]

By | July 14th, 2017|Categories: Business|0 Comments

Disgraced Auckland realty agent accepted $10,000 'finder's fee' from buyer

An agent negotiating to sell an elderly man's South Auckland home secretly accepted a $10,000 "finder's fee" from a potential buyer.Gou (Nancy) Dai also divulged confidential information to the buyer about the owner's price expectation... [...]

By | July 14th, 2017|Categories: Business|0 Comments

Freedom Furniture admits product defect after blaming customers

A major furniture retailer has backtracked following multiple complaints about a $4999 couch whose fabric colour faded within months of purchase.At least three Kiwi customers bought the Anderson chaise in charcoal from Freedom Furniture... Source: [...]

By | July 14th, 2017|Categories: Business|0 Comments

Cake maker's contract to build sewage plant cancelled

A contract awarded to a Waiuku cake maker to build a major sewage plant on the West Coast has been cancelled and the manager who oversaw the deal has resigned.Westland District Council said today that [...]

By | July 14th, 2017|Categories: Business|0 Comments

Big job cuts plan at Otago University

By Vaughan Elder The University of Otago has announced plans to cut 182 full-time-equivalent (FTE) general staff.Vice-chancellor Prof Harlene Hayne revealed the plan at a meeting today at the College of Education auditorium, which... Source: [...]

By | July 14th, 2017|Categories: Business|0 Comments

Airbnb host fined $6800 for racist cancellation of Asian woman's reservation

By Jessica Dinn, APAn Airbnb host who cancelled a reservation in California because the guest was "Asian" has agreed to pay a US$5,000 (NZ$6827) fine and attend a college course in Asian-American studies.Dyne Suh booked [...]

By | July 14th, 2017|Categories: Business|0 Comments

Brian Fallow: Tax cuts or more social spending?

How the fiscal priorities of National and Labour diverge, and how much they overlap, are clear now Labour has released its alternative families package.The lion's share of the $2 billion package the Government announced in [...]

By | July 13th, 2017|Categories: Business|0 Comments

Auckland to Hawke's Bay courier companies face driving charges

Two Auckland companies operating services to Hawke's Bay are facing charges of making drivers work unsafe and excessive hours.The charges against Singhs Couriers and Nath Brothers Ltd carry fines of up to $25,000 on some [...]

By | July 13th, 2017|Categories: Business|0 Comments

Stock Takes: Trepidation as NZ reporting season approaches

Sharemarket investors are preparing for a month of corporate kiss-and-tell and for some, the experience will be less than satisfactory.Most of the market's big guns have June balance dates, and will report their annual results [...]

By | July 13th, 2017|Categories: Business|0 Comments

John Drinnan: It's the magic of the movies

Video content is everywhere on the internet, yet people are lining up - virtually on the website and in real life - to buy tickets for the latest NZ International Film Festival.This year's festival launches [...]

By | July 13th, 2017|Categories: Business|0 Comments

French court annuls $1.27 billion tax adjustment on Google

PARIS (AP) " A French court has annulled a 1.11 billion-euro ($1.27 billion) tax adjustment imposed on Google by France's tax authorities.The French tax administration argued that Google had to pay taxes in France for [...]

By | July 13th, 2017|Categories: Business|0 Comments

Asian markets mostly lower before Fed chair speech

SEOUL, South Korea (AP) " Asian shares were mostly lower Wednesday as investors eyed U.S. political risks and cues about the direction of monetary policy from the Federal Reserve chair.KEEPING SCORE: Japan's Nikkei 225 fell [...]

By | July 13th, 2017|Categories: Business|0 Comments

China frees Crown Resorts workers, including 2 Australians

BEIJING (AP) " China has released two Australian employees of Crown Resorts Ltd. after they completed nine months in prison on charges related to organizing gambling tours.The Australian Department of Foreign Affairs says the two... [...]

By | July 13th, 2017|Categories: Business|0 Comments

Iran appoints female CEO to lead national airline

TEHRAN, Iran (AP) " Iran has appointed a female CEO to lead its national airline for the first time since it was established in the 1940s.The state-owned IRAN daily reported Wednesday that the transport minister [...]

By | July 13th, 2017|Categories: Business|0 Comments

NZ shares up on Yellen testimony, NZX and Ryman hit highs

New Zealand shares gained, following global trends, with NZX and Ryman Healthcare continuing to rise.The S&P/NZX50 Index rose 24.87 points, or 0.3 percent, to 7,610.89. Within the index, 21 stocks rose, 16 fell and 13 [...]

By | July 13th, 2017|Categories: Business|0 Comments

Beingmate Baby & Child in trading halt pending asset sale

Chinese infant formula maker Beingmate Baby & Child Food had its shares halted on the Shenzhen stock exchange ahead of an asset sale to a related party in the next week and a half. The [...]

By | July 13th, 2017|Categories: Business|0 Comments

GOP Health bill: Benefit cuts for poor, tax cuts for rich

WASHINGTON (AP) " America's poorest families would lose thousands of dollars in health benefits so that millionaires could get huge tax cuts under the Senate Republicans' health bill.That's according to a ne