Queen St forex broker Russell Maher jailed over $1.55m fraud

A foreign exchange broker who defrauded his clients of $1.55 million by using forged documents has been jailed.Russell Maher appeared today in the Auckland District Court and was sentenced by Judge Russell Collins to three years... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

Covid 19 coronavirus: Transtasman bubble could 'turbocharge' travel tourism spend to $4b – report

A transtasman bubble could see a $4 billion "turbocharge" boost by the year's end, according to a report by Ernst & Young Australia. That scenario is based on the border opening as of today, and the "business as usual" Australian... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

America's Cup case: Team NZ fights NZME in the High Court to contain 'scandalous allegations'

Team New Zealand is fighting to prevent the Herald from publishing details of a report by forensic accountants, which the yachting syndicate's lawyer claims contains "scandalous allegations".A legal battle this afternoon in the... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

The Conversation: The market is not our master — only state-led business cooperation will drive real economic recovery

Like the coronavirus itself, joblessness can act as a pestilence on a society.People who would have otherwise gone to their local restaurant, hairdresser, café or bar, taken a holiday in Queenstown or Taupo, or chosen to buy New... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

America's Cup case: MBIE enters legal fight between Team NZ, ACE and NZ Herald, Newstalk ZB

The government and Auckland Council have hired a Queen's Counsel to represent them in the stoush between Emirates Team New Zealand and NZ Herald publisher NZME.Michael Heron QC appeared briefly this morning at the High Court at... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

EY Consumer Index: What the past three months means for retail and spending

Covid-19 may have made consumers more mindful of where they are spending their money but the initial draw towards shopping local may not last.Initial consumer sentiment reports found that consumers were feeling more connected to... Source: NZ Herald Business News

By | July 6th, 2020|Business|0 Comments

ASB to loan All Blacks, Māori All Blacks and Black Ferns to 100 SMEs

ASB is calling on some of its heaviest lifters to draw attention to the nation's small to medium-sized businesses. The bank has announced it would be donating its largest sponsorship asset – the All Blacks, Black Ferns and Māori... Source: NZ Herald Business News

By | July 5th, 2020|Business|0 Comments

Jacinda Ardern extends $5.2b small business loans scheme to the end of the year

Prime Minister Jacinda Ardern says opening up Government loans for small businesses until the end of the year will provide a bigger safety net in uncertain Covid-hit times.The loans are interest-free if repaid within a year, and... Source: NZ Herald Business News

By | July 5th, 2020|Business|0 Comments

Kiwi scammed out of $30,000 in similar method to Team New Zealand

A Kiwi who was scammed out of $30,000 in a similar way to Team New Zealand says a lot of time and effort goes into creating the scams.Rodney Keenan, of Evolution Sails, said his business lost 50 per cent of its income for the year... Source: NZ Herald Business News

By | July 5th, 2020|Business|0 Comments

Fonterra Te Rapa staff stay home while ammonia leak probed

Fonterra is limiting the number of staff at its Te Rapa dairy processing site as it works to resolve the cause of a major ammonia leak.The big 51-year-old site has been in winter shutdown since June 2 and isn't processing milk,... Source: NZ Herald Business News

By | July 5th, 2020|Business|0 Comments