Singapore Airlines to fly its ritziest Airbus superjumbos to Auckland

Singapore Airlines will start flying its retro-fitted Airbus A380 aircraft to Auckland from October next year featuring its new suites the airline says more closely resemble an hotel room than an aircraft cabin.The six suites are... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

NZOG minorities remain divided

Shareholders in New Zealand Oil & Gas remain divided, with none of the rebel board candidates nominated as a vote against major shareholder OG Oil & Gas attracting more than 7.5 per cent support at today's annual meeting.Investors,... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

NZ shares rise as infrastructure spend buoys investors

New Zealand shares rose as the government's efforts to stoke the economy with infrastructure spending continued to overshadow uncertainties around Brexit and the lingering China-US trade talks.The S&P/NZX 50 Index increased 16.02... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

NZ dollar rises after dovish Fed outlook

The New Zealand dollar rose after the US Federal Reserve indicated that not only was it leaving interest rates unchanged, but that rates aren't likely to budge through next year and beyond.The kiwi was trading at 65.85 US cents... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

Complacency found in ANZ director sign-offs

There was an element of complacency in the way ANZ's directors signed off requirements for the bank and its operation was piecemeal, an independent report on the country's largest bank has found.But the Deloitte report also found... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

NZIER says economy slows but risk of recession in 2020 low

Independent economic consultancy NZIER said the risks of New Zealand falling into recession next year are low.NZIER said if the economy did make a turn for the worse next year, policy makers could reduce the severity of the slowdown... Source: NZ Herald Business News

By | December 12th, 2019|Business|0 Comments

Local government has minimal oversight of White Island

Local government, including Minister Nanaia Mahuta, appears to have had no oversight or official responsibility for monitoring access and tourism on White Island.The volcanic scenic island is privately owned by Auckland's Buttle... Source: NZ Herald Business News

By | December 11th, 2019|Business|0 Comments

NZ shares nudge higher; ports gain ahead of Northport study

New Zealand shares edged higher after a late rally, with most port stocks stronger ahead of tomorrow's release of the upper North Island supply chain study recommending Northport take over as the principal import port for Auckland.... Source: NZ Herald Business News

By | December 11th, 2019|Business|0 Comments

Air New Zealand offers special fares to White Island victims' relatives

Air New Zealand is offering special compassionate fares for relatives of those involved in the White Island tragedy.The airline has put in place a special fare policy it has for significant national events and is offering one-way... Source: NZ Herald Business News

By | December 11th, 2019|Business|0 Comments

NZ dollar eases after brief spike on Government spending announcement

The New Zealand dollar declined after a short-lived spike on news the government will spend $12 billion over five years on infrastructure.The kiwi was trading at 65.23 US cents at 5pm in Wellington, after earlier spiking to 65.55... Source: NZ Herald Business News

By | December 11th, 2019|Business|0 Comments