The new Alliance

The leading meat exporter Alliance Group is making inroads into the food services sector with its new premium range, our Special Correspondent explains. Commentators have long called for New Zealand's exporters to add value to their... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

NZ shares rise, boosted by Sky TV-Spark deal

New Zealand shares rose, boosted by gains in Sky Network Television and Spark New Zealand after they cut a deal that will let the pay-TV operator's commercial customers access the rugby world cup using a Sky decoder.The S&P/NZX... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

Building product company faces criminal charges over alleged product misrepresentations

New Zealand's consumer watchdog has criminally charged a building materials company and its director over alleged misrepresentations for a product which an expert says "poisoned" concrete.Global Fibre8 Limited (GF8) and its sole... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

NZ dollar rises against Britain's pound as 'hard brexit' fears mount

The New Zealand dollar continued to gain against the British pound amid mounting fears new Prime Minister Boris Johnson will lead Britain into a "hard Brexit" from the European Union in October.The kiwi was otherwise little changed... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

Capital One says breach hit 100 million individuals in the US

Capital One, the Virginia-based bank with a popular credit card business, announced Monday that a hacker had accessed about 100 million credit card applications, and investigators say thousands of Social Security and bank account... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

Shareholders upbeat despite little progress for 9 Spokes

Investors attending 9 Spokes International's annual meeting were upbeat despite the company's chair conceding 2019 had been the most demanding year so far for the tech-startup.The ASX-listed Shares of 9 Spokes recently traded at... Source: NZ Herald Business News

By | July 30th, 2019|Business|0 Comments

How Brayden Cooke went from $500 to $2.2 million

Just after Brayden Cooke turned 18, he made his first CommSec trade with the purchase of $500 worth of Santos shares.Today the 28-year-old has a total share portfolio worth around A$2.2 million — and like the Aussie billionaire... Source: NZ Herald Business News

By | July 29th, 2019|Business|0 Comments

China overtakes US as biggest buyer of NZ beef

African Swine Fever has played a part in China overtaking the United States as the biggest market for New Zealand beef, the Meat Industry Association (MIA) said.By volume, China accounted or 38 per cent of the beef trade compared... Source: NZ Herald Business News

By | July 29th, 2019|Business|0 Comments

NZ dollar treads water ahead of central bank rate-cutting actions

The New Zealand dollar was treading water, awaiting expected central bank rate-cutting action later this week and next.The kiwi was trading at 66.28 US cents at 5pm in Wellington from 66.30 cents at 7:55am. The trade-weighted index... Source: NZ Herald Business News

By | July 29th, 2019|Business|0 Comments

NZ's largest safe deposit box supplier has 'little regard for money laundering risks', regulator

New Zealand's largest supplier of safe deposit boxes has been handed a formal warning after repeated non-compliance of anti-money laundering and terrorism financing law.Customhouse Safe Deposits Limited (CSDL) trading as Commonwealth... Source: NZ Herald Business News

By | July 29th, 2019|Business|0 Comments