Markets sink as Donald Trump opens new trade war front against Mexico

The loud crash investors heard Friday was the door slamming shut on the 2019 stock market surge.The month-long retreat from one of the stock market's best starts in years culminated with President Donald Trump threatening to slap... Source: NZ Herald Business News

By | May 31st, 2019|Business|0 Comments

Coca Cola Oceania forced to remove 'misleading' Powerade ION4 ads featuring Kiwi sports stars

Coca Cola Oceania has been forced to remove its Powerade ION4 television advertisements that feature Kiwi sports athletes Sophie Pascoe, Israel Dagg and Steven Adams after the Advertising Standards Authority (ASA) ruled two of them... Source: NZ Herald Business News

By | May 31st, 2019|Business|0 Comments

Revealed: Tesla's Model 3 available for order in NZ and what it will cost

Tesla's highly anticipated Model 3 is now available for order in New Zealand, but it will cost Kiwis $20,000 more than it would in the United States.According to Tesla's website , the Standard Range Plus model will cost $73,900... Source: NZ Herald Business News

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Huawei retaliation? China draws up list of 'unreliables'

In an ominous but vague warning, China said Friday that it was drawing up a list of "unreliable" foreign companies, organisations and individuals for targeting in what could signal retaliation for US sanctions on the Chinese tech... Source: NZ Herald Business News

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Parts are dropping off Hong Kong Airlines planes. Should we be worried?

Hong Kong Airlines is in the spotlight after Japanese aviation authorities found its planes to be missing aircraft parts - ranging from screws to brake mechanisms. None of the lost objects were critical for the safety of the planes,... Source: NZ Herald Business News

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Power play: Inside Trump's decision to blacklist Huawei

The Trump administration's decision to put Huawei Technologies on a trade blacklist was a result of a tussle between two camps in the White House, with the hardliners prevailing as the US intensifies its battle with China over technology... Source: NZ Herald Business News

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What happened when Auckland Council went into secrecy on its empty ex-HQ? Deal terms stay under wraps

The sale of the historic-listed Auckland Council ex-headquarters in Aotea Square is at the centre of a battle between the mayor and a group of opponents but secrecy shrouds discussions held yesterday over the building, empty since... Source: NZ Herald Business News

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NZ shares snap 5-day slide; Auckland Airport hits new high

New Zealand shares snapped a five-day decline, as Auckland International Airport chalked up a record. Vector and Chorus were among stocks recovering from a recent sell-off over regulatory fears. The S&P/NZX Index increased 46.01... Source: NZ Herald Business News

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NZ dollar little changed amid heightened global trade tensions

The New Zealand dollar was little changed as traders grappled with increasing global uncertainty, exacerbated by United States President Donald Trump slapping – via tweet – a 5 per cent tariff on all Mexican goods entering the US.The... Source: NZ Herald Business News

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2degrees makes 2 per cent increase in profit

10-year-old 2degrees, which first made it into the black in 2016, is continuing on its modest growth trajectory.The telco made a net profit of $19.6m for the 12 months to December 31, 2018, according to a Companies Office filing... Source: NZ Herald Business News

By | May 31st, 2019|Business|0 Comments