Government updates rules on what can be sent into space

Cabinet has agreed to updated rules around what can be launched into space from this country and banned payloads including those contributing to nuclear weapons programmes or any that support military operations ''contrary to Government... Source: NZ Herald Business News

By | December 17th, 2019|Business|0 Comments

NZ dollar stalled as Aussie rate outlook offsets improved business sentiment

The New Zealand dollar remained trapped in a tight trading range as increasing expectations the Reserve Bank of Australia will cut interest rates in February offset improving business confidence on this side of the Tasman.The kiwi... Source: NZ Herald Business News

By | December 17th, 2019|Business|0 Comments

Global stocks hit fresh high as rally stretches to fourth day

US stocks rallied Monday, rising with European and several Asian markets following surprisingly strong reports on China's economy. Growth in factory activity and retail sales in the world's second-largest economy both beat analysts'... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

NZ shares dip as NZX outage stops trading early

New Zealand shares were slightly weaker when trading ended early yesterday as the stock market operator dealt with connectivity issues.The S&P/NZX 50 Index decreased 14.76 points, or 0.1 per cent, to 11,226.83. Within the index,... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

Meridian, Contact accused of $60m power market abuse

Contact Energy and Meridian Energy have been accused of extracting more than $60 million from consumers by over-charging for their electricity while spilling water from their South Island dams.Haast Energy Trading has complained... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

NZ's biggest fraudster David Ross to be released from prison

By RNZ The man responsible for New Zealand' s biggest fraud will be released from jail in February after serving slightly more than six years.David Ross, the former director of the failed company Ross Asset Management, was jailed... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

Chinese importer seeks delay in Zespri case

The Chinese importer suing Zespri for $25 million wants a trial held off until 2021 because its lead witness remains in a Chinese jail. Shanghai Neuhof first filed a claim against Zespri in May 2014 alleging breach of contract after... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

Jetstar announces 10 per cent of flights to be cancelled in January

If you're a Jetstar passenger, the worst is still to come.After a weekend of cancelled flights due to a number of strikes impacting ground staff, baggage crew and pilots, the budget airline has announced more disruptions will plague... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

Business goes viral after hangover leave policy is revealed

If most of us have a big night out during the week, our only option is to turn up to work hungover, or pull a sickie – and hope our boss doesn't find out.But not employees at UK digital marketing agency The Audit Lab.That's because... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments

Cryptocurrency investors call to exhume the body of defunct company founder to make sure he's dead

Rejected investors in an inoperative cryptocurrency company want to confirm the death of the business's founder by unearthing his remains and exhuming them.The 30-year-old founder Gerald Cotten held the online keys to a staggering... Source: NZ Herald Business News

By | December 16th, 2019|Business|0 Comments