$700m data centre for Southland: Backers welcome Tiwai turnaround

A Rio Tinto-Meridian Energy deal to keep Tiwai Point open until at least 2024 - rather than shutter the smelter in August this year - has been welcomed by the Government and investors. But what does it mean for Datagrid, the... Source: NZ Herald Business News

By | January 14th, 2021|Business|0 Comments

Ponsonby restaurant Scandal shuts doors after Covid-19 financial difficulties, says owner

A Ponsonby restaurant has shut its doors as its owner says he is grappling with the financial impacts of Covid-19.Scandal, which is self-described as an Asian-fusion restaurant with a Kiwi twist, was spotted this week with a for... Source: NZ Herald Business News

By | January 14th, 2021|Business|0 Comments

Power play: Meridian Energy reaches deal with Rio Tinto over Tiwai Point Smelter

The owners of the Tiwai Point aluminium smelter say they have reached a deal with electricity provider Meridian Energy that will keep it open until the end of 2024.While neither Meridian nor Rio Tinto have given details of the deal,... Source: NZ Herald Business News

By | January 13th, 2021|Business|0 Comments

'Monetary policy is working'; ANZ drops forecast for negative OCR

New Zealand's largest bank no longer expects the official cash rate to be cut below zero, saying a booming housing market and a new scheme to lower borrowing rates are making the move unnecessary.ANZ officially changed its forecast... Source: NZ Herald Business News

By | January 13th, 2021|Business|0 Comments

Low savings buffer likely to mean growth 'anaemic' in 2021: ASB

New Zealand's economy is set to grow slowly this year, with households and Government unable to continue to do the "heavy lifting" seen after lockdown, ASB warns.In a note outlining the likely themes for this year, senior economist... Source: NZ Herald Business News

By | January 13th, 2021|Business|0 Comments

Watch: Thieves leave Auckland company Black Pineapple reeling after stealing iconic mobile bar

An event company only just bouncing back from the Covid-19 hospitality recession has been left heartbroken after their stunning prized mobile cocktail bar was stolen.The founder of drinks catering company Black Pineapple, who operates... Source: NZ Herald Business News

By | January 13th, 2021|Business|0 Comments

New Wellington Chamber of Commerce boss announced

Wellington Chamber and Business Central has appointed a new chief executive after John Milford made the call to hang up the boots last year. Simon Arcus, a born and bred Wellingtonian, will take up the role in March. He is currently... Source: NZ Herald Business News

By | January 12th, 2021|Business|0 Comments

Vodafone New Zealand mobile data issues solved after widespread outage

All issues have been resolved across Vodafone's mobile data network after a widespread outage earlier this evening. Customers across the country reported losing internet access earlier tonight. Read More Vodafone, 2degrees... Source: NZ Herald Business News

By | January 12th, 2021|Business|0 Comments

Cafes vie for most decadent drink in Lower Hutt's Cool As drink challenge

A competition in which cafes and eateries try to outdo each other to create the most delicious or decadent drinks is about to bring a wave of chocolate dipped bananas, jelly slushies and lemon meringue pies onto Lower Hutt. Milkshakes... Source: NZ Herald Business News

By | January 12th, 2021|Business|0 Comments

NZ regulator issues Bitcoin warning: Be prepared to lose all your money

The Financial Markets Authority is has issued a strongly-worded warning for Kiwis considering taking a punt on cryptocurrency.The watchdog made its comments to the Herald following Bitcoin's latest rollercoaster move - the value... Source: NZ Herald Business News

By | January 12th, 2021|Business|0 Comments