Regional fuel tax comes as global tide turns on user-pays infrastructure funding

A regional petrol tax to help fund Auckland city's transport infrastructure comes amid a global change in the air for user-pays funding for major projects, provided the benefits stack up for those footing the bill. US President... Source: NZ Herald Business News

By | October 27th, 2017|Business|0 Comments

Saputo buys Australia's Murray Goulburn for A$1.3b

Canadian food giant Saputo has entered a deal to buy Australia's biggest dairy company, Murray Goulburn, for A$1.31 billion ($1.47b).Several major dairy companies, including New Zealand's Fonterra, had expressed an interest in the... Source: NZ Herald Business News

By | October 27th, 2017|Business|0 Comments

Confusion over new security rules for US-bound flights

New security screenings for all passengers on U.S.-bound flights began on Thursday, with airlines worldwide questioning flyers about their trip and their luggage in the latest Trump administration decision affecting global travel.However,... Source: NZ Herald Business News

By | October 27th, 2017|Business|0 Comments

Amazon share jump sees Jeff Bezos close in on Bill Gates as world's richest man

Jeff Bezos was closing in on Bill Gates' status as the world's richest man this evening as shares in Amazon jumped following better-than-expected profits.The online retail giant, reporting its first set of results since it bought... Source: NZ Herald Business News

By | October 27th, 2017|Business|0 Comments

Goodman Property manager says fire-damaged Humes warehouse fully insured

Goodman (NZ), the manager of Goodman Property Trust, says the fire-damaged Humes warehouse in Penrose, Auckland, was fully insured and wasn't a meaningful part of its portfolio.Thirteen fire crews responded to the fire overnight... Source: NZ Herald Business News

By | October 27th, 2017|Business|0 Comments

NZ investors pick post-election winners and losers

With the ink barely dry on the new government's coalition agreement, investors are already laying bets as to who they think will win and who will lose under the new Labour-led regime.Since Labour's deal with New Zealand First and... Source: NZ Herald Business News

By | October 26th, 2017|Business|0 Comments

Shane Jones promises economic boost for Northland

A $500 million-plus upgrade of rail to Auckland, a $150m-plus rail spur to Marsden Pt, and the possibility of moving Ports of Auckland work to Northport - new Forestry, Regional Economic Development, and Infrastructure Minister Shane... Source: NZ Herald Business News

By | October 26th, 2017|Business|0 Comments

Chasing the tech jackpot

New businesses, big ideas - 2014 brought a stream of technology-focused companies to the sharemarket. Jamie Gray looks at how things worked out for the new arrivals, and their investors. Back in 2013 and '14, the New Zealand Stock... Source: NZ Herald Business News

By | October 26th, 2017|Business|0 Comments

Peter Lyons: Raising the minimum wage may do the economy no harm

This Government is going to raise the minimum wage to $20 an hour by 2020. Anyone who has done Economics 101 knows the effects of a higher minimum wage. It will cause higher unemployment as firms reduce staff or some firms go under.... Source: NZ Herald Business News

By | October 26th, 2017|Business|0 Comments

Dave Burt: No wonder there is a skills shortage in construction

There is plenty of work, the construction sector is looking strong and the medium-term outlook is good. There are plenty of drivers to underpin the positive outlook, such as a buoyant commercial sector, a housing shortage and leaky... Source: NZ Herald Business News

By | October 26th, 2017|Business|0 Comments