The New Zealand dollar rose, mainly reflecting a retracement against the Australian dollar following weaker-than-expected Australian inflation data on Wednesday.The kiwi was trading at 66.43 US cents at 5pm in Wellington from 66.21... Source: NZ Herald Business News
What do Tesla founder Elon Musk and China's second-richest man Jack Ma have in common? As well as owning multibillion-dollar companies, they believe that people should work excessive hours — preferably between 72 and 100 hours a week.Earlier... Source: NZ Herald Business News
COMMENT: The Prime Minister's absolute rejection of ever reconsidering a new capital gains tax (CGT) sets her up for an overwhelming election triumph in 2020.Not only has Jacinda Ardern's decision eliminated National's best issue,... Source: NZ Herald Business News
COMMENT: Land bankers beware.When the Government last week killed off the proposed expansion of capital gains tax, it overshadowed another announcement: that it intends to explore options for taxing vacant land, as a high priority.As... Source: NZ Herald Business News
COMMENT: Efforts by Prime Minister Jacinda Ardern and French President Emmanuel Macron to bring the world together against online extremism and terrorism face a major obstacle: the President of the United States of America. The... Source: NZ Herald Business News
New Zealand's economic slowdown looks set to bottom out mid-year with 2019 GDP growth dipping to just 2.2 per cent, according two new reports.Both ANZ Research and Capital Economics are picking that economic growth will pick up... Source: NZ Herald Business News
The possibility of a $5 billion federal privacy fine for Facebook suggests that US regulators may be taking a cue from the large penalties their European counterparts have been handing out to U.S. technology giants.While investors... Source: NZ Herald Business News
Trade Minister David Parker and Commerce Minister Zhong Shan have directed officials to complete negotiations on the upgrade of the China free trade deal as soon as possible.The directive came during talks between Parker and Zhong... Source: NZ Herald Business News
A Japanese court approved on Thursday the release of detained Nissan ex-chair Carlos Ghosn on 500 million yen, or $4.5 million, bail.Prosecutors can appeal the decision by the Tokyo District Court, while his lawyers will be pushing... Source: NZ Herald Business News
Bank ATMs in Auckland are again being targeted by scammers operating sophisticated technology that clone bank cards giving them free reign to people's accounts.So-called card skimmers have been around for decades, copying the magnetic... Source: NZ Herald Business News