The New Zealand Herald : Business (212)

Watch live: Deloitte Top 200 awards

Watch live as winners are announced at the Deloitte Top 200 Awards, New Zealand's most prestigious business awards. Live stream will be starting about 9.45pm this evening.The awards evening held at Spark Arena in Auckland acknowledges...

Exclusive: Death in the workplace - 'I can't put it right, money can't put it right'

Until Ron Salter was found to have killed a man through carelessness, he was a self-made, working class Kiwi hero.He's still a self-made working class Kiwi but it's hard to be a hero when you've got blood on your hands.Jamey Lee...

KiwiSaver managers defend fees

A new tracking tool has revealed the fees of some KiwiSaver schemes are gobbling up returns, even eating up people's capital when providers don't make any money.Fund managers are defending the cost saying it is only one part of...

Vladimir Putin says all businesses should be ready to switch to war production at any moment

Vladimir Putin has said that all Russian businesses must be ready to meet war-time needs at any moment.The Russian President made the remarks at a meeting of world military chiefs in Sochi on Wednesday, according to the Daily...

Banks lash out at RBNZ's proposed debt-to-income ratio tool in submissions

The proposed inclusion of a debt-to-income ratio tool in the Reserve Bank's toolkit was largely met with criticism in a series of submissions, with ANZ Bank New Zealand saying it is fundamentally flawed and Cooperative Bank calling...

Tax group's brief can include looking at taking GST off women's sanitary products

A new tax working will have scope to consider a wide range of changes, including taking GST off women's sanitary products.Finance Minister Grant Robertson released details on the new tax working group today, including that it will...

Restaurant-goer has Bitcoins stolen over unsecured public wireless network

An unsuspecting diner has had $172,000 worth of the digital currency Bitcoin stolen from him while logged on to a restaurant's unsecured public Wi-Fi network.The incident reportedly took place in an Austrian restaurant this week...

Air NZ partners with Swiss travel platform Winding Tree to look at blockchain

Air New Zealand has announced a partnership with Swiss startup travel platform Winding Tree to explore the use of blockchain-based systems within its business. "While we are still exploring its benefits, blockchain may offer a...

Uber paid off their hackers - and they're far from the only ones

It may have been the most arresting detail in a story full of them: Not only did Uber allow hackers to make off with the personal data of 57 million customers and drivers, but the ride-hailing company also had paid those same criminals...

New Zealand retailers gear up for tomorrow's Black Friday shopping bargains

Cotton On, Kathmandu and Farmers are a few of the many Kiwi retailers taking advantage of the popular US-inspired sales shopping splurge - Black Friday.Black Friday, which kicks off in New Zealand tomorrow, originated in the United...

Kiwis' private details obtained in global hack of Uber

New Zealanders' names, phone numbers and email addresses were among those stolen in a mass hack on ride-sharing company Uber; a security breach that was kept quiet for over a year.Uber Technologies faces at least three probes in...

Christchurch council cracking down on companies stealing water

The Christchurch district council is working to tighten up its processes to stop unauthorised companies from illegally extracting water from fire hydrants.It is encouraging residents to email photos of companies taking water from...

Trump SoHo to lose Trump name amid reports of troubles

The Trump Organisation is ending its licensing deal with the Trump SoHo hotel in New York amid reports that the property has struggled to attract business.The company owned by President Donald Trump says that it has signed a deal...

Stride Property group posts 44 per cent profit gain

Stride Property Group, which spun out its retail portfolio into a separately listed vehicle last year, posted a 44 per cent gain in first-half profit as growth in management fees and lower costs made up for a decline in rental income.Net...

NZ Herald's daily audience hits 1 million

The New Zealand Herald 's daily audience has hit one million for the first time across its print and digital titles, according to the latest Nielsen survey.The Herald on Sunday , which remains the country's best read Sunday newspaper,...

Easter Trading meeting sparks 'religious rubbish' debate

Between 50 and 60 per cent of Tauranga residents want to be able to pop to the shops on Easter Sunday, according to the council's public consultation. Respondents could be broadly split into two groups: those who think Easter Sunday...

New Zealand retail sales increase at slower pace

New Zealand retail sales increased at a slower pace in the third quarter, as restaurant sales dropped without major sporting events and fuel prices continued to decline.Sales volumes rose 0.2 per cent in the three months ended September...

Two hundred Auckland high-rise buildings may have combustible cladding similar to Grenfell Towers

Auckland Council has identified 209 high-rise buildings which might have the highly combustible cladding like London's Grenfell Towers which burnt down in June, up from fewer than than 100 discovered initially. Ian McCormick, the...

Details of Government's tax working group revealed

A new group to recommend tax changes will address a system where wage-earners "look across the driveway" at property investors who aren't paying their fair share, Finance Minister Grant Robertson says."A lot of New Zealanders wanted...

Forget fly, flop and drop - how about tango?

The events and incentives market is booming with new air routes providing new destinations for New Zealand corporate events overseas.Meetings, Incentives, Conferences and Exhibitions specialists cievents says the type of...

AFT Pharmaceuticals narrows first-half loss, on track for profitability

AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, narrowed its first-half loss and said it is still on track to return to profitability this financial year or the next as it increases the number of markets where its...

Apple to launch supercharged version of its SE 'mini iPhone' - report

Apple may be planning to launch an updated version of the iPhone SE – the 4-inch handset that's developed a niche following since its 2016 launch.Rumors of the move first began to circulate this past August, with claims the firm...

Auckland business owner sentenced for fuel tank explosion which killed worker

An Auckland business owner has been sentenced to home detention after a worker at his site was killed in an enormous fuel tank explosion.Jamey Lee Bowring, 24, was killed after the 100,000-litre fuel tank he was welding at Salter's...

Departing Hawaiian Airlines boss has mission in New Zealand

Hawaiian Airlines boss Mark Dunkerley is certain about one thing he'll be doing after his retirement from the airline next March."The first thing I'm going to do is visit New Zealand for my customary March trip, fly rod in hand,"...

Auckland business owner sentenced for fuel tank explosion which killed worker

An Auckland business owner has been sentenced to home detention after one of his workers was killed in an enormous fuel tank explosion.Jamey Lee Bowring, 24, was killed after the 100,000 litre fuel tank he was welding on at Salter's...

Departing Hawaiian Airlines boss has mission in New Zealand

Hawaiian Airlines boss Mark Dunkerley is certain about one thing he'll be doing following his retirement from the airline next March."The first thing I'm going to do is visit New Zealand for my customary March trip, fly rod in hand,"...

Ryman first-half profit climbs as unit resales outstrip slowing property market

Ryman Healthcare, the country's biggest retirement village operator and developer, boosted first-half profit 8.4 per cent and lifted its interim dividend on rising resales of existing units at a fatter margin, even as the broader...

Santa flaws: This year's biggest Christmas gift fails

They say it's the thought that counts - but not when these novelty gifts are concerned.From a Donald Trump car sticker to bacon-scented air fresheners, the team at comparison site Mozo.com.au have surveyed Australians to track down...

New Zealand dollar highest in a week

The New Zealand dollar rose to its highest level in almost a week after minutes of the last Federal Reserve policy meeting showed lingering concerns about persistently low inflation, echoing outgoing chair Janet Yellen's view that...

Peter Thiel sells majority of his Facebook shares

Venture capitalist Peter Thiel, Facebook Inc's first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday.Thiel, who became a New Zealand citizen...

Uber faces probes into hack scandal after revelations of payment to hackers, concealment of information for one year

Uber Technologies faces at least three probes in Europe following revelations that the company kept quiet for more than a year after hackers stole vast amounts of personal data about customers and drivers.Italy's data protection...

Bill English says $1 billion regional development fund is 'pathetic'

Bill English made his first visit to Tauranga on Wednesday as Leader of Opposition and slammed the Government's new $1 billion Regional Development Fund. More than 200 people packed into the Tauranga Yacht Club to hear the leader...

Pressure building on Fonterra's milk price

Pressure is building on Fonterra's farmgate milk price as increased production led to the fourth drop in a row at the latest Global Dairy Trade auction.Fonterra's forecast, which under law has to be reviewed every three months,...

Pressure is building on Fonterra's milk price

Pressure is building on Fonterra's farmgate milk price as increased production led to the fourth drop in a row at the latest Global Dairy Trade auction.Fonterra's forecast, which under law has to be reviewed every three months,...

Port of Tauranga leads sharemarket higher

New Zealand shares rose, led higher by A2 Milk Co and Port of Tauranga, while Fisher & Paykel Healthcare weakened further after its first half results yesterday.The S&P/NZX 50 Index rose 16.51 points, or 0.2 per cent, to 8104.99....

Liam Dann: What Recession? Local economists pick good growth

The verdicts are in and despite what Forbes contributor Jared Dillian says, there are no economists picking a recession for Jacinda Ardern's Government.Most of New Zealand and Australia's major economics teams have now reassessed...

Tourism booming but growth rate slows

Short-term visitor arrivals, which include tourists, people visiting family and friends and people travelling for work, reached 3.7 million in the October year, up 8 per cent from a year earlier and a new annual record.Statistics...

Cooking the Books podcast: Why soaring house prices won't make you rich

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why you shouldn't start living it up just because your house value went up. Hosted by Frances Cook. If...

Migration over the peak - tipped to fall further

Economists remain confident that New Zealand's annual net migration gain is trending down despite a small bump in the year to October.New Zealand saw a net gain of 70,700 migrants for the year ended October 2017, with 131,600 migrant...

Federation warns landlords to check properties

A warning to check properties has been issued to all landlords who own more than 600,000 residences throughout New Zealand.The Property Investors Federation has issued advice to the investors after the District Court overturned...

Leaked email reveals Amazon Australia's launch date - tomorrow

It's finally here.After months of speculation, it appears Amazon's full Australian offering will go live just in time for this week's Black Friday sales, a move widely tipped by retail experts.In an internal email on Tuesday,...

Two Boeing 747-400 freighters sell on online auction site Taobao

Two Boeing 747-400 Freighters were sold on Tuesday on Taobao, the online shopping platform owned by Alibaba, for a combined 322.8 million yuan , reflecting the first time such jets were sold via online auction in China, and...

China/US trade war looms as Trump administration pivots

Donald Trump's mantra before and since his tour of Asia earlier this month touted the need for countries to accept each other's unique characteristics to ensure prosperity for the world's great civilisations.The message of harmony...

Kiwifruit grower Seeka lifts earnings guidance

Seeka, the biggest kiwifruit grower in Australasia, has lifted its annual operating earnings guidance after improved performance across most of its businesses.In June, the company gave guidance for a 15 percent drop in operating...

How to tell if you're a bad boss

How do you know if you are a bad boss? Causing a great deal of frustration and stress is just one of many ways leaders can wreak havoc in the office.Recruitment company Robert Half has put together a list of the eight common traits...

High interest in sale of Renaissance Brewing

Renaissance Brewing has attracted 10 parties interested enough to undertake due diligence on buying the craft beer maker with bids due at the end of the week. The Blenheim-based boutique brewer was put up for sale by voluntary administrators...

Graham McGregor: Real life results can seal the deal

I was chatting recently with Jim White a regional market manager for a 15-year-old business based in the United States called ARPWAVE . Jim told me that ARPwave's Neuro-Therapy and Neuro-Recovery technology has been used by more...

Uber concealed cyberattack that exposed 57 million people's data

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies, a massive breach that the company concealed for more than a year.This week, the ride-hailing company ousted Joe Sullivan, chief security...

Stride Property Group plans $43m transformation of bottling plant

Stride Property Group plans to spend $43 million transforming an Auckland bottling plant into a logistics site for the country's biggest rubbish collection and recycling firm, Waste Management NZ. The property company wants to finish...

Get Sorted: Is buying Bitcoins really investing?

Bitcoin millionaires seem to be popping up all over the internet, wherever you click. The more often this happens, the more people get interested in Bitcoin and other "cryptocurrencies".For good reason: in June 2013, one Bitcoin...