Details of new $200M hotel and entertainment centre in Whangārei revealed

A $200 million-plus four-star, 130-room hotel and entertainment centre will be built on a prime waterfront section in Whangārei that could host up to 1000 people.Northland Development Corporation, a group formed by local businesspeople... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

Historic cod fishery had worst year in history in 2017

PORTLAND, Maine (AP) — One of the most historic fisheries in the country hit an all-time low last year as cod fishermen continued to struggle with choking quotas and low abundance of the fish.Maine's cod fishery has existed since... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

Pawn shop buys violin for $50, finds out it's worth $250,000

SOMERVILLE, Mass. (AP) — A violin bought by a Massachusetts pawn shop for $50 has ended up being worth about 5,000 times that.WFXT-TV reports a new employee at the LBC Boutique and Loan in Somerville had no idea what he was buying... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

Who splashed out $40m? Highbury mall buyers revealed

Hong Kong investors have bought Highbury Shopping Centre on the North Shore for $40 million, according to a lawyer acting for them.Chris Moore, an Auckland lawyer who represents the owners and New Zealand Law Society immediate... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

NZ shares up, Pushpay rebounds from selling while Synlait, Sky TV gain

New Zealand shares gained in light trading, led higher by Pushpay Holdings and Synlait Milk. The S&P/NZX50 Index rose 63.68 points, or 0.7 per cent, to 8,996.16. Within the index, 25 stocks rose, 17 fell and eight were unchanged.... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

Spotify reports rise of 8 million subscribers in three months

Music streaming company Spotify reported an 8 million rise in the number of subscribers to its premium streaming service on Thursday as it battles Apple's rival operation for dominance.Spotify, which is headquartered in Stockholm,... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

NZ dollar headed for 0.4% weekly fall but rangebound ahead of US GDP data

The New Zealand dollar is headed for a 0.4 per cent weekly fall and is stuck in a tight range as investors anticipate a solid read-out from US gross domestic product data later in the global trading day. The kiwi traded at 67.81... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

Real estate body warns members of house deposit scam

The real estate industry body has sent out a warning and advice to its members about how to avoid a new scam targeting home buyer's deposits.The warning comes after Banking Ombudsman Nicola Sladden revealed concerns about the scam... Source: NZ Herald Business News

By | July 27th, 2018|Business|0 Comments

California court: Workers must be paid for off clock tasks

SAN FRANCISCO (AP) — The California Supreme Court says Starbucks and other employers in the state must pay workers for minutes they routinely spend off the clock on tasks such as locking up or setting the store alarm.The unanimous... Source: NZ Herald Business News

By | July 26th, 2018|Business|0 Comments

The Latest: Trump tells Iowa farmers he's 'opened up Europe'

DUBUQUE, Iowa (AP) — The Latest on President Donald Trump (all times local):1:50 p.m.President Donald Trump is claiming a trade breakthrough with European allies as he visits Iowa, a state where farmers are suffering under tariffs... Source: NZ Herald Business News

By | July 26th, 2018|Business|0 Comments