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Rich Aussie suburb wants to ban Woolworths development

"We will decide which grocery stores come to Mosman and the circumstances in which they come." That was the message on Michael Mathieson's sign, neatly summing up community opposition to a proposed Woolworths in the leafy suburb on...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 10:09 pm(NZT)

NZ shares fall; Z Energy sinks on profit warning

New Zealand shares fell as Z Energy's warning of lower profits and smaller dividends cast a long shadow over the market.The S&P/NZX 50 Index declined 66.39 points, or 0.6 per cent, to 11,241.59. Within the index, 28 stocks fell,...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 6:33 pm(NZT)

Kiwi jumps against greenback, plunges against the pound

The New Zealand dollar jumped against the US dollar on reports the US and China have declared a trade war truce but plummeted against the British pound as the Conservative Party appeared headed for a landslide election victory.The...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 6:20 pm(NZT)

Pushpay buys Colorado rival for $132m

Pushpay Holdings will add about 4,000 church customers to its books with the US$87.5 million ($132.2m) acquisition of rival Church Community Builder, although co-founder Chris Heaslip signalled his departure next year.Pushpay bought...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 5:46 pm(NZT)

Waiheke Island marina re-hearing denied, Kennedy Point project to proceed

The Environment Court has refused an application by opponents of a Waiheke Island marina, clearing the way for the project to go ahead.In a decision just released, Principal Environment Court Judge Laurie Newhook, sitting with two...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 5:25 pm(NZT)



Starbucks barista quits job with profanity-laden, viral resignation song

A Starbucks worker has gone viral after quitting his job and slamming his boss in a profanity-laced resignation song in front of bemused customers.Anesti Danelis, who worked at the coffee chain in Toronto in Canada for around three-and-a-half...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 4:32 pm(NZT)

Businesses urged to support Samoa floral shirt day fundraiser

Workers at some of the country's largest employers will trade their uniforms for floral island shirts on Tuesday in a bid to raise money for measles-struck Samoa.Rudolf Laumatia, a regional bank manager at Westpac, was one of six...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 4:08 pm(NZT)

US and China reach trade deal 'in principle'

President Donald Trump on Thursday approved a proposed US-China trade deal, raising hopes for a possible truce in a 21-month commercial conflict that roiled financial markets, disrupted corporate supply chains and cost taxpayers tens...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 3:21 pm(NZT)

Interwaste plant at Auckland Airport says sorry for stench from building

A biosecurity plant at Auckland Airport that handles most of the waste that enters the country has apologised to neighbours for odour coming from the building.Neighbours of the Interwaste site have complained after the stench from...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 3:15 pm(NZT)

Market Watch: Can Trump win? Will stocks crash? Eight big picks for 2020

What's in store for financial markets in 2020? Can this bull market roll on to new heights? Will the biggest year for politics since 2016 rattle the global economy? And which way will interest rates head?Pie Funds chief executive...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 2:59 pm(NZT)



Xero chair to retire early as family's health comes first

Xero chair Graham Smith will hand over the reins of board at the end of January and retire from the board in March.Smith's departure was earlier than planned due to the health of close family members and the travel needed for him...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 2:25 pm(NZT)

Bunnings store sign offering specialised 'advice' goes viral

It is the DIY store filled with experts of all stripes, from home renovating to gardening, and now it would seem, for those who need help in the bedroom.And now Bunnings Australia is offering "sexpert advice" — according to a photo...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 2:07 pm(NZT)

Weekend of strikes begins as Jetstar cancels more than 100 flights in Australia

Passengers are in for a world of waiting this weekend as Jetstar pilots and ground staff walk off the job, starting today.Ground staff have started to stop work at various times today in airports around Australia, while further...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 2:00 pm(NZT)

Kiwi sinks vs pound as exit poll predicts a strong Boris Johnson majority

The New Zealand dollar dropped by almost a penny against the British pound after UK exit polls predicted a large majority for Boris Johnson's Conservatives.The kiwi was trading at 49.16 British pence at 11:13am in Wellington from...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 12:37 pm(NZT)

Aussie watchdog gets $27m for Google, Facebook crackdown

Australia could become the first country in the world to force digital platforms like Facebook and Google to pay for news. READ MORE:• Aussie regulator takes Google to court, alleging it misled users over location data •...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 12:07 pm(NZT)

Air New Zealand opens new Nelson Airport lounge - complete with liquor licence

Air New Zealand has opened its latest new lounge and it has its liquor licence sorted.The new lounge in Nelson has almost twice the capacity of the previous one at the fast-growing airport.The lounge will cater for around 130...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 11:57 am(NZT)

Z Energy shares hit 5-year low after earnings guidance cut

Z Energy shares are trading at a five-year low after the company cut its full-year earnings guidance and warned that the level of competition in the retail fuel market appears to be a structural change.The shares dropped as much...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 11:49 am(NZT)

White island eruption: $4.5m possible annual gross revenue from rūnuga tourism business

Te Rūnunga o Ngāti Awa might have earned a gross $4.5 million a year from its White Island Tours, contributing to the rūnunga's rising $13.1m annual revenue for the latest financial year.Ngāti Awa's annual report...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 11:38 am(NZT)



Tom O'Neil: Goodbye 2019, hello 2020

As 2019 recedes into the distance and 2020 rapidly approaches, it's a great time to take stock of your role and career, preparing yourself properly for an exciting 12 months ahead. Ask yourself the following questions to help point...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 11:30 am(NZT)

Economic warning signal: US Business debt exceeds that of households

U.S. business debt exceeded that of households for the first time since 1991, a potential warning sign for the economy as corporate investment softens.Nonfinancial companies boosted debt at a faster 5.7 per cent annual pace in the...

Source: nzherald.co.nz - Business | 13 Dec 2019 | 10:55 am(NZT)

















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