Former BNP Paribas trader who lost $29m in a day wins $2.2m compo payout

A former trader at BNP Paribas's investment banking arm in the US who was fired over a one-day ?17.3 million ($29.6m) loss, won nearly ?1.3m ($2.2m) in an unfair-dismissal lawsuit.The Paris court of appeals said that Lionel Crassier,... Source: NZ Herald Business News

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

Air New Zealand brings Les Mills workouts to flights

Bad news for people who use lack of time as an excuse not to make it to the gym because now all those hours on the plane can be put to good use by working up a sweat with a Les Mills class.Air New Zealand and Les Mills have teamed... Source: NZ Herald Business News

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

Merry Clickmas: Black Friday online sales hit record $11.5b

This year's Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up US$7.4 billion ($11.5b) in transactions from their phones, computers and tablets.That's just behind the US$7.9b... Source: NZ Herald Business News

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

Jump dump in Wellington: Uber e-scooters recycled after 6 months as they reach 'end of life'

By Charlotte Cook of RNZ More than 300 of Uber's Jump scooters have been pulled off Wellington streets and piled up ready to be scrapped.READ MORE:• Auckland e-scooter changes: Lime out, Uber's Jump in • The e-scooter... Source: NZ Herald Business News

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

The 15 suburbs that dropped from Auckland's million-dollar housing club

Fifteen suburbs have tumbled out of Auckland's "magic million-dollar club" after a year of sliding house prices in the country's biggest city.Experts say first-home buyers and subdivisions are to blame for the falls.It meant homes... Source: NZ Herald Business News

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

No way rosé: 'Glass damage' on Villa Maria wine batch leads to recall

Summer party planning could be in jeopardy with a popular Kiwi rosé being recalled.Villa Maria Estate is recalling a 2018 batch of sparkling rosé after numerous instances of glass damage on the lip of the bottles. The damage has... Source: NZ Herald Business News

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

Rocket Lab gears for evening launch – carrying controversial cargo

Rocket Lab will attempt the tenth launch of its Electron rocket from Mahia at 9.20 tonight as a launch window opens for its "Running Out of Fingers" mission.The launch window will run through to December 12.The mission will be... Source: NZ Herald Business News

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

NZX50 gains 4.9% in November as M&A boosts retirement sector

The S&P/NZX 50 Index rose 4.9 per cent in November as retirement village operators were boosted by potential merger and acquisition activity and A2 Milk mounted a comeback on strong earnings guidance.The benchmark index rose 109.29... Source: NZ Herald Business News

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

NZ dollar stalled, awaiting further US-China trade developments

The New Zealand dollar remained mired in the same narrow range it has been stuck in for the past fortnight, although with a slight bias to the upside.That's because global markets continue to await definitive news on whether China... Source: NZ Herald Business News

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

The e-scooter newcomers set to hit Auckland streets

Singapore-based e-scooter companies Neuron and Beam, will join Flamingo and Uber's Jump as the newest operators to hit Auckland streets.Auckland Council this morning announced it had dumped Lime and Wave e-scooters following safety... Source: NZ Herald Business News

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