Hong Kong property developer offers free Teslas with luxury flats

A Hong Kong property developer is offering free Teslas to those who sign up to buy their luxury flats.K&K Property has announced that it will bestow the first five bidders for their four-bedroom apartments with either HK$500,000... Source: NZ Herald Business News

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

Stephen Selwood: Affordable houses are close to places of work

• Stephen Selwood is chief executive of Infrastructure New Zealand. It is a cliché now to say Auckland must grow up and out. But what many do not realise is that the cost of land and building is so distorted that until it... Source: NZ Herald Business News

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

Tim Hazledine: Economic spin-off from events is wildly miscalculated

• Tim Hazledine is a professor of economics in the University of Auckland Business School. There used to be a big sign on the side of the road leading in to Auckland airport advertising real estate in the airport precinct.... Source: NZ Herald Business News

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

NZ shares gain, Ryman hits record

New Zealand shares rose as Ryman Healthcare climbed to a new record after last week's strong earnings result, while upcoming index reweightings stoked demand for Fisher & Paykel Healthcare while weighing on Contact Energy. The S&P/NZX... Source: NZ Herald Business News

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

NZ dollar little changed ahead of RBNZ's stability report, Fed appearances

The New Zealand dollar fell but remained largely rangebound ahead of key events later in the week including the central bank's financial stability report as well as possible comments from the US Federal Reserve. The kiwi was trading... Source: NZ Herald Business News

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

Commerce Commission issues 'stop now' letter to Aero Fire

Aero Fire has been issued a 'stop now' letter by the Commerce Commission after an investigation revealed its business practices may be harmful to consumers.The Commission's investigation found that Aero Fire had been making false... Source: NZ Herald Business News

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

Is the Reserve Bank getting ready to ease lending restrictions?

Economists expect the Reserve Bank to make it first step towards loosening bank lending restrictions on Wednesday as part of its Financial Stability Report.Jeremy Couchman, a senior economist at Kiwibank, said there was anticipation... Source: NZ Herald Business News

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

Mother's fury as Sports Direct worker reportedly told eight-year-old son 'Santa is dead'

A mother-of-three was left furious after a Sports Direct worker allegedly told her eight-year-old son Father Christmas was "dead and buried".Lucy Blake has accused the retail chain of "stealing Christmas" from her little boy, after... Source: NZ Herald Business News

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

Mike Hosking: This legal action is David versus Goliath

I am conflicted.The Commerce Commission is going to appeal its loss over their case against a bunch of real estate firms on price fixing. In the original case, they took 13 national and regional firms to court. All but two signed... Source: NZ Herald Business News

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

Report finds rail injects $1.5 billion a year into New Zealand's economy

The Labour-led government is promising to invest in rail after releasing a report it says National sat on which shows $1.5 billion of hidden benefits from rail a year. The study by EY quantifies the savings from having fewer trucks... Source: NZ Herald Business News

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