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Latest Business Headlines [Page 3]

No end in sight to global market turmoil

Monday, 10 December 2018, 11:16 am | BusinessDesk

Dec. 10 (BusinessDesk) - Global sharemarkets continue to be roiled by fears about geopolitical risks to economic growth. More >>

Retirement planning is a challenge, regardless of time

Monday, 10 December 2018, 11:08 am | ASB Bank

• The part that KiwiSaver plays in the retirement savings puzzle varies, but the majority plan on using saved funds to cover day to day expenses, or keep them invested More >>

First woman in NZ completes Civil Trades Certification

Monday, 10 December 2018, 11:01 am | Connexis

Pearl Jury is the first woman in New Zealand to gain her Civil Trades Certification leading the way for women working in the infrastructure industry. More >>

Dairy and meat products lead manufacturing fall

Monday, 10 December 2018, 10:54 am | Statistics New Zealand

A fall in dairy and meat products pushed overall manufacturing sales down for the September 2018 quarter, Stats NZ said today. More >>

Value of household assets continues to rise

Monday, 10 December 2018, 10:53 am | Statistics New Zealand

The net worth of New Zealand households was $1.5 trillion at March 2017, up from $886 billion at March 2007, Stats NZ said today. More >>

Healthlink appoints new CEO

Monday, 10 December 2018, 10:52 am | HealthLink

Australasia’s largest Health IT network, HealthLink, has appointed Aucklander Michelle Creighton as its new chief executive officer. More >>

Chatbot to help renters released today

Monday, 10 December 2018, 10:35 am | Citizen AI

Community Law Centres o Aotearoa in partnership with Citizen AI released a chatbot for people having problems with renting today. More >>

Sale Discounts Must Not Be Misleading

Monday, 10 December 2018, 10:25 am | Advertising Standards Authority

Smith City distributed mailers and ran promotions on their website for their ‘Sale of the Century’ over four weeks. The promotion had different products on sale for each of the four weeks and included a Bosch dishwasher, a Samsung washer/drier and ... More >>

A pause before another rush

Monday, 10 December 2018, 10:23 am | Paymark

The first seven days of December were busy for most merchants, as to be expected this time of year, but the annual growth rate was low. Spending amongst non-fuel merchants through Paymark last week, at $1,199 million, was 10% above the January-October ... More >>

Safety Important in Vehicle Accessory Ads

Monday, 10 December 2018, 10:19 am | Advertising Standards Authority

The Warehouse television advertisement for the Mighty Grip phone mount said in part: “The Mighty Grip phone mount has a powerful magnetic grip and a twist lock suction base. You can have your phone right where you need it without taking your eyes off ... More >>

Architects conference attracts top global talent

Monday, 10 December 2018, 10:06 am | New Zealand Institute of Architects

Eleven leading international architects will address the New Zealand Institute of Architects’ biennial conference in Auckland next February. The Institute’s President, Auckland architect Tim Melville, said the lineup of speakers will be one of the strongest ... More >>

Trade Me’s alternative Christmas gifts

Monday, 10 December 2018, 10:04 am | Trademe

A remote-controlled cockroach, bacon balm and a collapsible, reusable coffee cup have been named Trade Me’s top picks for that hard-to-buy-for Kiwi this Christmas. Trade Me’s Millie Silvester said it's that time of year when many New Zealanders ... More >>

Romer works with Apple and AA Traveller

Monday, 10 December 2018, 9:30 am | Romer App

Romer selected as sole Kiwi representative for Apple travel app directory, signs partnership with the AA for 101 Must-Do’s this Summer More >>

Property prices heat up with summer on the horizon

Monday, 10 December 2018, 9:23 am | Trade Me Limited

As temperatures warmed up across the country in November, so did the New Zealand property market with the national average asking price rising 3.8 per cent on last year to $663,250, according to the latest Trade Me Property Price Index. More >>

BitPrime Cryptocurrency Price Update

Monday, 10 December 2018, 9:08 am | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$158,659,199,706 Market capitalisation today: NZD$160,981,163,520 Change: 1.46% More >>

HiFX morning Update, December 10, 2018

Monday, 10 December 2018, 9:02 am | HiFX

The NZDUSD opens at 0.6855 (mid-rate) this morning. Trade war concerns continue to dampen market sentiment. US equities came under pressure on Friday on the back of a disappointing jobs report, while and Fed comments suggesting the Federal Reserve ... More >>

PwC to lose lucrative Fonterra audit contract after 15 years

Sunday, 9 December 2018, 6:29 pm | BusinessDesk

Dec. 7 (BusinessDesk) - PwC will lose its most lucrative audit contract among NZX-listed issuers when Fonterra ends a 15-year relationship that's earned the auditor $94 million. More >>

Consumer NZ’s Bad Taste Food Awards winners announced

Saturday, 8 December 2018, 12:04 pm | Consumer NZ

Consumer NZ chief executive Sue Chetwin said the annual awards highlighted claims food manufacturers used to market their products as better choices. More >>

New smelter supports Big Electricity’s growth ambitions

Saturday, 8 December 2018, 12:01 pm | Molly Melhuish

The electricity corporates who generate and distribute electricity are driven by their shareholders’ demand for profits and growth of their assets. Their industrial consumers are growing their demand, and residential consumers are paying for their ... More >>

MARKET CLOSE: NZ shares rally on speculation of US rate

Friday, 7 December 2018, 8:55 pm | BusinessDesk

Dec. 7 (BusinessDesk) - New Zealand shares rose as markets across Asia rallied on speculation the US Federal Reserve will keep interest rates on hold next year, which would maintain the yield attraction of stocks over bonds. Spark New Zealand was up ... More >>

Fed's wait-and-see signal keeps NZ dollar steady

Friday, 7 December 2018, 8:33 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The New Zealand dollar is steady on the week after ongoing worries about the China-US trade stoush were offset by news reports that the US Federal Reserve may signal a wait-and-see approach regarding rate hikes in 2019. More >>

REINZ concerned about ring-fencing rules

Friday, 7 December 2018, 7:58 pm | REINZ

If you’re writing on the Revenue Minister’s Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Bill this weekend, please consider the following comment from the Real Estate Institute of New Zealand (REINZ). More >>

Law society building stoush: voting system full of holes

Friday, 7 December 2018, 7:51 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The battle over the sale of the Auckland District Law Society building has taken a bizarre twist, with the opponents saying the way the online voting is structured means it is vulnerable to being tampered with - from either ... More >>

Forex trader pleads not guilty to $7 million fraud

Friday, 7 December 2018, 7:33 pm | Serious Fraud Office

A foreign exchange trader has pleaded not guilty to running a Ponzi scheme to defraud his clients of more than $7 million. More >>

Trout, Blakeley named for fuel pipeline inquiry

Friday, 7 December 2018, 5:08 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Elena Trout and Rodger Blakeley have been appointed by the government to examine last year’s fuel pipeline shutdown in Northland and identify any lessons it has for the resilience of the country’s fuel supplies. More >>

Joint facility construction facing a delay

Friday, 7 December 2018, 4:04 pm | AgResearch

Lincoln University and AgResearch have been advised by government that more time is required to assess the current business case for construction of their new joint facility. This means the current proposal could not progress before March, when the ... More >>

Containers a home away from home for drilling workers

Friday, 7 December 2018, 3:36 pm | Royal Wolf

With 29 shipping containers on site – and beds for almost 50 workers – Northland’s Ngawha Geothermal Power Station site is the largest accommodation project container specialists Royal Wolf has undertaken in New Zealand. More >>

“Careless” diesel spill results in fine for mining company

Friday, 7 December 2018, 3:13 pm | Waikato Regional Council

“Careless” diesel spill results in fine for mining company A west coast mining company has been convicted and fined $60,750 for discharging 4000 litres of diesel into a stream last year. The case was brought against Taharoa Ironsands Limited following ... More >>

ASB appoints Executive General Manager David Bullock

Friday, 7 December 2018, 2:31 pm | ASB Bank

Friday 7 December 2018 ASB appoints David Bullock as Executive General Manager Technology and Operations More >>

NZ wholesale trade up 2.5% in 11th straight quarterly rise

Friday, 7 December 2018, 2:19 pm | BusinessDesk

Dec. 7 (BusinessDesk) - New Zealand's wholesale trade rose for the 11th straight quarter with kiwifruit exports the standout performer. More >>

Shoe buyer shows us the way on biosecurity

Friday, 7 December 2018, 2:10 pm | Federated Farmers

Federated Farmers is hailing the actions of an Oamaru man who discovered live stink bugs nesting in shoes he bought on eBay as an example to us all. More >>

Dairy farmers pack a sad as horticulturalists cheer up

Friday, 7 December 2018, 12:58 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Farmers are becoming increasingly pessimistic about economic conditions in the year ahead with government policy concerns, falling commodity prices and rising costs being key reasons, according to Rabobank’s latest survey. More >>

Attorney-General v Institution of Professional Engineers NZ

Friday, 7 December 2018, 12:45 pm | New Zealand High Court

07 December 2018 [2018] NZHC 3211 Application for judicial review by Attorney-General granted in relation to decision by the Institution of Professional Engineers New Zealand Incorporated when it discontinued disciplinary proceedings against Dr Reay, ... More >>

Fairfax raids Stuff kitty in lead up to Nine merger

Friday, 7 December 2018, 12:40 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Australia's Fairfax Media Group raided Stuff's kitty ahead of a planned merger with broadcaster Nine Entertainment Co, which doesn't see a home for the New Zealand unit. More >>

Air New Zealand to operate Christchurch – Singapore services

Friday, 7 December 2018, 12:31 pm | Air New Zealand

Air New Zealand and Singapore Airlines will deliver South Island travellers greater choice and increased frequency as part of their joint venture alliance, with Air New Zealand to operate flights between Christchurch and Singapore from December 2019. More >>

Figures show tourism spend has reached $39.1 billion

Friday, 7 December 2018, 12:21 pm | Tourism Industry Aotearoa

The tourism industry’s tremendous contribution to New Zealand’s social and economic wellbeing has been reinforced by official industry measurements, says Tourism Industry Aotearoa. More >>

FairWay Resolution Anne Scragg Scholarship – 2018 Winner

Friday, 7 December 2018, 12:21 pm | FairWay Resolution

FairWay Resolution Anne Scragg Scholarship – 2018 Winner The 2018 winner of the FairWay Resolution Anne Scragg Scholarship is Te Reo O Te Omeka Hau (Ngati Te Rino hapu of Ngapuhi). More >>

Volt Electrics awarded YES Company of the Year

Friday, 7 December 2018, 12:10 pm | Young Enterprise Scheme

Company of the Year announced at YES National Awards Night Volt Electrics awarded YES Company of the Year at National Awards Night More >>

Tourism employs 216,000 Kiwis

Friday, 7 December 2018, 12:07 pm | Tourism New Zealand

The Tourism Satellite Account 2018 (TSA) released today by Stats NZ shows tourism directly employs 216,000 Kiwis and contributes $39.1 billion to New Zealand’s economy, an estimated $16.2 billion from international visitors. More >>

Tiwai Point well-positioned in Trump roiled aluminium market

Friday, 7 December 2018, 11:59 am | BusinessDesk

Dec. 7 (BusinessDesk) - Heightened political risk in the global aluminium market may play to New Zealand’s advantage, Rio Tinto executive Kellie Parker says. More >>

Symantec Unveils Neural Network to Protect Infrastructure

Friday, 7 December 2018, 11:54 am | Symantec

Symantec Unveils Industry’s First Neural Network to Protect Critical Infrastructure from Cyber Warfare Symantec Industrial Control System Protection Neural to defend against USB-borne malware, network intrusion and zero-day attacks on operational ... More >>

NZ dollar under pressure as franc, yen find favour

Friday, 7 December 2018, 11:44 am | BusinessDesk

Dec. 7 (BusinessDesk) - The New Zealand dollar remained under pressure as heightened concerns over US-China relations encouraged investors to buy 'safe haven' currencies such as the yen and Swiss franc. More >>

New inter-atoll vessel gifted to Tokelau

Friday, 7 December 2018, 11:14 am | Maritime New Zealand

A new inter-atoll vessel for Tokelau funded through New Zealand Aid will provide safe, reliable and cost-effective transportation between the country’s three atolls, the Director of Maritime NZ Keith Manch says. The vessel, Fetu o te Moana, or Star ... More >>

International tourists and Kiwis boost tourism spend

Friday, 7 December 2018, 11:10 am | Statistics New Zealand

Continued growth in overseas visitor numbers, and a buoyant domestic tourism market, drove tourism spending to $39.1 billion in the year ended March 2018, Stats NZ said today. More >>

Kiwifruit gives wholesale trade a golden glow

Friday, 7 December 2018, 11:07 am | Statistics New Zealand

Fruit exports drove wholesale trade up for the second quarter in a row, Stats NZ said today. More >>

Company-X ranks on Deloitte Asia Pacific Technology Fast 500

Friday, 7 December 2018, 10:37 am | Company-X

Company-X ranks on Deloitte Asia Pacific Technology Fast 500 for second year running • Company-X Ranked Number 387 Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2018. More >>

BitPrime Cryptocurrency Price Update

Friday, 7 December 2018, 10:15 am | BitPrime

Rankings by 24-hour volume: Bitcoin (BTC), Tether (USDT), Ethereum (ETH), EOS (EOS), XRP (XRP), Litecoin (LTC), Zcash (ZEC). More >>

Simple measures can prevent business compromise

Friday, 7 December 2018, 9:45 am | CERT NZ

A new report released today highlights how basic measures continue to sit at the centre of protecting New Zealanders and their businesses from online threats. More >>

Over 1,400 E-tailers Join Asian E-tailing Summit

Friday, 7 December 2018, 9:02 am | Asia Corporate News Network - ACN Newswire

Over 1,400 E-tailers Join Asian E-tailing Summit Industry Experts Discuss Trends and Opportunities in Online Retail More >>

The NZDUSD opens at 0.6871 (mid-rate) this morning

Friday, 7 December 2018, 8:31 am | HiFX

Equity markets have continued to sell-off as the potential for a long-term trade agreement between the US and China lessened after Canadian officials arrested Huawei CFO Meng Wanzhou on suspicion of violating US trade sanctions against Iran. China ... More >>

MARKET CLOSE: NZ shares fall on Huawei CFO arrest

Thursday, 6 December 2018, 9:14 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as the arrest of a Huawei executive reignited fears about US-China trade tensions. Chinese-focused exporter A2 Milk declined. More >>

NZD weakens as Huawei arrest fans US-China tension concerns

Thursday, 6 December 2018, 8:50 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The New Zealand dollar fell against the greenback after Canada's arrest of Huawei's chief financial officer stoked concerns that tensions between the US and China may flare up again. More >>

Collective effort needed on emissions reduction - Ardern

Thursday, 6 December 2018, 7:29 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Businesses and government are going to have to work more closely if the country is to benefit from its natural advantages in a low-carbon world, Prime Minister Jacinda Ardern says. More >>

Two-thirds of farmers want to reduce emissions

Thursday, 6 December 2018, 7:28 pm | BusinessDesk

Dec. 6 (BusinessDesk) - If a large number of farmers adopted currently available options to mitigate greenhouse gas emissions, they could achieve up to a 10 percent reduction in biological emissions from pasture-based livestock. More >>

Supreme Court to hear part of Robt Jones Holdings stoush

Thursday, 6 December 2018, 7:27 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The Supreme Court will hear a dispute over whether Bob Jones's real estate firm Robt Jones Holdings jumped the queue in the liquidation of failed Blue Chip company, Northern Crest Investments. More >>

Z Energy says EV take-up will drive charger installs

Thursday, 6 December 2018, 7:24 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Z Energy says it is ready for the rapid expansion of electric vehicles but has no idea when that tipping point will be reached. More >>

Kiwi start-up launches high-tech healthy homes monitoring

Thursday, 6 December 2018, 7:16 pm | Tether

Kiwi start-up launches high-tech healthy homes monitoring technology Environmental monitoring system measures how warm, dry and healthy a home really is. A New Zealand start-up has launched a low cost, high-tech home environmental monitoring system ... More >>

Join the microCAR movement to get Auckland moving

Thursday, 6 December 2018, 5:00 pm | Microcar

microCAR NZ Ltd is New Zealand’s very first Electric Vehicle Technology company with the big plan to get our emissions choked, gridlocked cities moving again by manufacturing and operating a "World First" microCAR EV lease business ... More >>

UPDATE: Fonterra confirms 'heightened focus' on China farms

Thursday, 6 December 2018, 4:22 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Fonterra Cooperative group is making headway into its strategic review, confirming it will take back full ownership of the Darnum plant by the end of the year, saying ownership of Tip Top is under the microscope and that its under-performing ... More >>

Counties Power invests into ECL Group

Thursday, 6 December 2018, 4:21 pm | Counties Power

Counties Power, the Pukekohe-based electricity distribution company serving the fast-growing areas of Southern Auckland and Northern Waikato, has bought a majority shareholding in two of the six companies owned by Christchurch-based ECL Group. More >>