A distinct lack of euphoria surrounds New Zealand and other sharemarkets, despite many of them hitting record highs in recent weeks.In New Zealand's case, much of that reserve can be put down to the proximity of the reporting season.To... Source: NZ Herald Business News
Into the fog of uncertainty shrouding the future of the Emissions Trading Scheme, Climate Change Minister Paula Bennett has blown the gentlest of puffs.Most of the long-awaited outcomes announced on Wednesday, flowing from the Government's... Source: NZ Herald Business News
Amazon.com Inc chief executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of US$90.6 billion ($121... Source: NZ Herald Business News
The 2017 World Masters Games in Auckland have been touted a success with organisers announcing an $800,000 profit and with visitors pumping $63 million into the country's economy.Nearly 30 thousand amateur athletes from all over... Source: NZ Herald Business News
New Zealand shares were mixed, with A2 Milk Co at a fresh record and Fletcher Building continuing to recover, while Sky City Entertainment Group fell.The S&P/NZX50 Index rose 1.13 points, or 0.015 per cent, to 7,711.72. Within the... Source: NZ Herald Business News
Stage one development of a $250 million Summerset retirement village in Ellerslie was opened today by Prime Minister Bill English. Summerset said the higher density nature of the retirement village, compared to the residential homes... Source: NZ Herald Business News
The kiwi dollar pushed to a fresh 26-month high against the greenback as the US dollar remained out of favor in Asian trading.The kiwi traded at 75.45 US cents at 5pm from 75.12 US cents at 8am and 73.38 cents late yesterday. It... Source: NZ Herald Business News
The chairman of Fonterra, John Wilson, has confirmed the co-operative is in talks with Argentina's main dairy company, SanCor, over a possible tie up but said discussions were "at a very early stage".Argentina's two biggest newspapers,... Source: NZ Herald Business News
Southern police are calling for people to vigilant after a "significant increase'' in people using Facebook to rip-off unsuspecting consumers.Senior Constable Darryn Buist, of the Otago Coastal Proactive Safety Team, said people... Source: NZ Herald Business News
By Brent Sheather Despite all the hype about Auckland residential property and KiwiSaver, and in spite of how well the local stockmarket is going, New Zealanders still have some $158 billion invested in term deposits. This compares... Source: NZ Herald Business News