China economy grows 2.3% in 2020 as rebound from Covid steps up

China's economy grew 2.3 per cent in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups.Growth in the three months ending December rose to 6.5... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

Blackwell Global Holdings to wind down finance arm, let executives go

Blackwell Global Holdings (BGI) will wind down its finance company operation and let its executives go after it could not raise enough capital to fund the growth of its loan book.The NZX-listed investment company, which is 75 per... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

Rakon shares rise after positive earnings upgrade

Rakon's share price has jumped higher after the company upgraded its earnings guidance for its 2021 financial year.The company, which makes components for the telecommunications sector, said it expected to achieve underlying earnings... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

Richard Branson's Virgin Orbit reaches space on second try

Richard Branson's Virgin Orbit reached space on Sunday, eight months after the first demonstration flight of its air-launched rocket system failed, the company said.A 70-foot-long (21.34-meter-long) LauncherOne rocket was released... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

How badly was Deutsche Bank burnt by Donald Trump?

Donald Trump has been toying with bankers for decades. He bashed Wall Street during his presidential campaign, then filled his cabinet with ex-Goldman Sachs executives. He sued Deutsche Bank during the financial crisis, then publicly... Source: NZ Herald Business News

By | January 17th, 2021|Business|0 Comments

Deaths, self-immolation draw scrutiny on China tech giants

E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.China's internet industries... Source: NZ Herald Business News

By | January 17th, 2021|Business|0 Comments

Warnings grow that stock market bubble could burst

Stock markets are caught in a "rational bubble" that threatens to pop if the economy fails to catch up with record-breaking valuations, one of the world's top market experts has warned.There will be "serious and widespread unintended... Source: NZ Herald Business News

By | January 17th, 2021|Business|0 Comments

The move that could close cinemas permanently

Some epic films are set for release this year – think The Matrix 4, Godzilla vs. Kong and sci-fi thriller Dune – and you don't even have to leave your house to see them. But that could be a move that kills cinemas. Read More ... Source: NZ Herald Business News

By | January 17th, 2021|Business|0 Comments

Hot in the city: Townhouse next to Auckland motorway nudges $1m in first auction

A new year hasn't taken the heat out of Auckland's property market, with a three-bedroom townhouse next to a busy motorway selling for almost $1 million in the first Saturday auction of 2021.The 76sq m, two-level, modernised townhouse... Source: NZ Herald Business News

By | January 16th, 2021|Business|0 Comments

Bill Gates is now the biggest owner of farmland in America

Microsoft founder Bill Gates now owns the most farmland of anyone in the United States, according to The Land Report.The tech mogul, the fourth richest person in the world with a net worth of US$121 billion, has built up a massive... Source: NZ Herald Business News

By | January 16th, 2021|Business|0 Comments