The strange case of Mexico City's $36 million Uber trust

Over the past three years, Uber Technologies has put nearly US$24 million ($36.1m) into a trust set up to help modernize rival taxi fleets and improve traffic flow in sprawling, congested Mexico City.What's happening with the money?Officials... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

Bunnings' Waikanae and Te Aroha store closures 'came out of the blue' for workers – union

By Katie Todd of RNZ Two Bunnings stores in the North Island are abruptly closing before the New Year, putting about 30 to 40 jobs on the line.The stores in Waikanae, on the Kāpiti Coast, and Te Aroha, Waikato, will shut... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

NZ shares gain; retirement village operators buoyed by M&A

New Zealand shares rose as the prospect of a higher takeover bid for Metlifecare whetted investor appetite for other retirement village operators, while Restaurant Brands hit a record on its foray into California. The S&P/NZX 50... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

NZ dollar steady on positive China trade news

The New Zealand dollar was little changed with sentiment buoyed by China announcing it will cut import tariffs on a range of goods from January 1.The kiwi was trading at 66.06 US cents at 5pm in Wellington after ending at 66.01... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

Air New Zealand's Xmas airlift – 1000 tonnes of lamb for Britain

Air New Zealand is flying more than a 1000 tonnes of lamb to Britain this year as its global Christmas season airlift of fresh food hits top gear.Fruit and vegetables are also in huge demand with 3200 tonnes of New Zealand capsicums... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

Down your tools: Building on Hastings state houses stopped over power line clearance

Unison has agreed to move its power lines after work on four new state houses in Hastings was ordered to stop because the buildings were too close to the lines.The houses being built on Bledisloe Place are among 25 new state houses... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

Kiwis spend up big as pre-Christmas shopping rises

Spending in the lead-up to Christmas is expected to surpass last year's total today as Kiwis flock to retailers ahead of the big day.Pre-Christmas spending – measured from November 13 – is at $8.317 billion, up 3.4 per cent on last... Source: NZ Herald Business News

By | December 23rd, 2019|Business|0 Comments

NZ dairy farm sales plummet, prices weaken, despite firm outlook

The number of dairy farm sales has plummeted over the last two years, despite firm farmgate milk prices, REINZ said.REINZ also said the median price per hectare for dairy farms has fallen by 22.1 per cent over the past 12 months.The... Source: NZ Herald Business News

By | December 22nd, 2019|Business|0 Comments

2019 most viewed homes: Lomu's secret getaway and a 'horrible' castle

A castle on a "horrible road", a house with a cinema that would put your local multiplex to shame and a luxury lodge on Waiheke that was site of Jonah Lomu's secret second wedding were among the most viewed listings on OneRoof in... Source: NZ Herald Business News

By | December 22nd, 2019|Business|0 Comments

The most viewed global real estate listings of 2019

While in New Zealand the most searched properties on OneRoof this year were affordable homes, with the smattering of luxury and quirk, around the world house searchers click most on crazy expensive listings.People who search real... Source: NZ Herald Business News

By | December 22nd, 2019|Business|0 Comments