Telstra buys into Southern Cross Cable, diluting Spark's stake

Spark says a deal for Telstra to buy a 25 per cent stake in Southern Cross Cable Network is now just days away from completion. The long-gestating deal was first announced last December.And the telco has also confirmed that its... Source: NZ Herald Business News

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

Kiwis less suspicious of foreign investment if rules clear

A survey shows that New Zealanders are concerned about investment generally, but less so if the investment regime is seen to be careful and deliberate about the sort of investment New Zealand wants.The survey 'Understanding Chinese... Source: NZ Herald Business News

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

Vaping companies band together to fight Government restrictions

A collection of the biggest names in the vaping industry have set aside their competitive differences to fight a bigger foe: Government regulation.In a bid to offer a collective voice against proposed regulatory changes, a collection... Source: NZ Herald Business News

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

'Inferior product': Ex-All Black Craig Innes bashes Spark Sport

Former All Black and Auckland Blues star Craig Innes has packed down with those criticising Spark Sport on social media.In a brutal Facebook post last night, the 17-cap wing called Spark an "arrogant" company pushing an "inferior... Source: NZ Herald Business News

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

Outraged Kiwi launches petition for Fly Buys to honour 'crazy' iPhone 11 deal

Kiwi customers who bought the 512GB Apple iPhone 11 Pro Max off Fly Buys for a low price are signing a petition that urges the Commerce Commission to force the company to honour their deal.Fly Buys website crashed overnight after... Source: NZ Herald Business News

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

Niwa and MetService face investigation over sales of weather data

Two Government entities face a competition investigation over the way they sell weather data to private competitors.The Commerce Commission has initiated a probe into the National Institute of Water and Atmospheric Research (Niwa)... Source: NZ Herald Business News

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

KiwiSaver providers have 'ambiguous and inconsistent terminology' on ethical investments

KiwiSaver providers have "ambiguous and inconsistent terminology" when it comes to their ethical investments, which could confuse investors.That's the finding of a report by KPMG prepared as part of the three-yearly review on retirement... Source: NZ Herald Business News

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

The alternative option for savers facing falling deposit rates

Falling deposit rates are forcing savers to look around for alternative options and a growing number are considering managed funds - a product similar to KiwiSaver which doesn't lock people's money in.More than 40 per cent of 195... Source: NZ Herald Business News

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

Elon Musk unveils SpaceX rocket designed to get to Mars and back

Elon Musk has unveiled a SpaceX spacecraft designed to carry a crew and cargo to the moon, Mars or anywhere else in the solar system and land back on Earth perpendicularly.In a livestreamed speech from SpaceX's launch facility... Source: NZ Herald Business News

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

Wild antics of WeWork CEO Adam Neumann

It's been quite a year for the former pin up boy of the global start-up community.A couple of weeks ago, Adam Neumann was piloting his office space-sharing company WeWork towards a giant initial public offering which would have... Source: NZ Herald Business News

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