NZ BUsiness News | NZHerald








Comment: China's tobacco industry is building schools and no one is watching

Would you send your child to a school named after a cigarette brand? What if it was one of only two schools in your area and boasting far better infrastructure? What if the school also had an inspirational slogan such as " genius...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 6:00 pm(NZT)

How long can America hold up the global economy?

American consumers are increasingly propping up the global economy, an enduring source of strength that is helping keep the United States out of recession and drawing a sharp contrast with the rest of the world.But as a number of...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:29 pm(NZT)

CEO of Hong Kong's flagship airline resigns amid pressure from China

The chief executive officer of Cathay Pacific Airways, Hong Kong's flagship carrier, resigned on Friday, the company said, after coming under intense pressure from officials in Beijing for its employees' taking part in protests that...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:16 pm(NZT)

How America's Walton clan spend their incredible Walmart fortune

They are the family behind the biggest department store, but somehow, the Walton clan have largely flown under the radar for decades.That's despite being the world's wealthiest family, with a US$191 billion (NZ$297 billion) fortune.And...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:13 pm(NZT)

Kiwi Uber passengers too stingy to tip, more likely to do so if drunk: drivers

Kiwi Uber passengers are normally too stingy to tip - but are more likely to do so if they're drunk, drivers say.The global ride-sharing company introduced tipping in February, stressing it was voluntary and all tips went to drivers....

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:10 pm(NZT)



Google employees call for pledge not to work with US immigration

Hundreds of Google employees are calling on the company to pledge it won't work with U.S. Customs and Border Protection or Immigration and Customs Enforcement. It's the latest in a year full of political and social pushback from the...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:07 pm(NZT)

Australia's retail dive: How small businesses are serving it up to the big guys

You can't have missed the headlines leading the news this week. About our looming retail recession, and how our biggest retailers are struggling to remain competitive — or even alive — in the economic climate. Australia's retailers...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 2:04 pm(NZT)

The billion-dollar race to become China's Amazon Twitch

Cameras flashed and fans screamed, as Liu Mou stepped into the spotlight on a sweltering summer evening. In the industrial heartland city of Wuhan, tens of thousands of spectators jam-packed the waterside strip that bore witness to...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 8:42 am(NZT)

Amazon tests 'top brand' label for big-name fashion sellers

Amazon.com is designating products sold by certain companies as "top brands," a test that if widely implemented could ease tension between the online retail giant and big-name companies used to favorable positioning at brick-and-mortar...

Source: nzherald.co.nz - Business | 18 Aug 2019 | 7:48 am(NZT)

McLaren F1 supercar owned by New Zealander sells for US$19.8 million

A 1994 McLaren F1 supercar owned by an Auckland businessman has sold at auction in California for $US19.8 million. ($30.7million) #SOLD ! The #McLaren #F1 LM-Spec sells for $19.8 million here at #RMMonterey to set a new...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 6:58 pm(NZT)



A recession will come, but how bad will it be?

A recession is coming.But despite this week's warning signs, we have little idea when. It could be imminent, or the economy could chug along until the heat death of the universe or, as we might call it, the Greatest Depression.How...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 11:55 am(NZT)

'My boss hit on me and then made me redundant'

Welcome to Sisters In Law, news.com.au's weekly column solving all of your legal problems. This week, our resident lawyers and real-life sisters Alison and Jillian Barrett from Maurice Blackburn tackle your legal rights when it comes...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 9:33 am(NZT)

Auckland building company to stump up $84K for failing to pay wages

An Auckland man has been awarded more than $84,000 in wage arrears after his employer stopped paying him.The Employment Relations Authority ordered Builderlab & Co Limited to pay James Won $84,750 minus PAYE.Won, who was hired...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 9:28 am(NZT)

Fast rail link between Auckland and Hamilton raised for the future

By Andrew McRae of RNZ A business case will test the feasibility of a train that could complete the 125km trip in half the current time.It Transport Minister Phil Twyford said Cabinet approved an investigation to the viability...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 9:25 am(NZT)

NYSE owner to offer futures that pay out with Bitcoin next month

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, won an approval from New York regulators that clears the way for its Bakkt unit to allow investors to buy derivatives that pay out with Bitcoins for the first...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 7:30 am(NZT)

Dollar stands still amid focus on falling rates

The New Zealand dollar is little changed despite an attempt to push it down following poor manufacturing data.The kiwi was trading at US64.43c at 5pm yesterday, from US64.49c at 7:45am, after falling as low as US64.26c early in...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 5:00 am(NZT)

Reserve Bank governor Adrian Orr defends Reserve Bank's big rate cut

Reserve Bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope, who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary...

Source: nzherald.co.nz - Business | 17 Aug 2019 | 5:00 am(NZT)

Cathay Pacific CEO Rupert Hogg resigns after Beijing pressure

The CEO of Cathay Pacific Airways resigned Friday following pressure by Beijing on the Hong Kong carrier over participation by some of its employees in anti-government protests.Rupert Hogg became the highest-profile corporate casualty...

Source: nzherald.co.nz - Business | 16 Aug 2019 | 10:21 pm(NZT)



NZ shares fall as global uncertainty weighs on utilities

New Zealand shares fell for a sixth session, led lower by utilities Vector and Chorus, as investors remain concerned trade and geopolitical tensions could trigger a global recession. Sky Network Television gained after buying a new...

Source: nzherald.co.nz - Business | 16 Aug 2019 | 5:36 pm(NZT)

NZ dollar withstands poor manufacturing data

The New Zealand dollar is little changed after an attempt to push it down on the back of poor manufacturing data failed to keep it lower.The kiwi was trading at 64.43 US cents at 5pm in Wellington, from 64.49 cents at 7:45am, after...

Source: nzherald.co.nz - Business | 16 Aug 2019 | 5:10 pm(NZT)

















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