The New Zealand dollar stuck to its new higher range as sentiment remained generally supportive in a thinning pre-holiday market.The kiwi was trading at 66.03 US cents at 5pm in Wellington from 66.07 at 8am while the trade-weighted... Source: NZ Herald Business News
The Federal Court has ordered Volkswagen to pay a record A$125 million ($130.5m) in penalties related to the "Dieselgate" emissions cheating scandal.It's the largest ever fine for breaches of Australian Consumer Law – dwarfing the... Source: NZ Herald Business News
Farmers have been blindsided by the Government's announcement on potential changes to the emissions trading scheme (ETS), which they said could accelerate the purchase of productive land for the conversion into forestry if implemented.Federated... Source: NZ Herald Business News
Air New Zealand will open its refurbished domestic lounge at Wellington Airport tomorrow.The new lounge is 10 per cent bigger than the previous one and has 374 seats and is part of a $60 million programme to refurbish lounges around... Source: NZ Herald Business News
The NZX said it would looking to the sharp gain in CSM's share price just as the listed shell announced its reverse listing plans, which involved buying The Good Brand Company and Me Today.The stock went from $0.001 to $0.02 in... Source: NZ Herald Business News
New Zealand shares extended their gains in what's shaping up to a record year, with Metlifecare gaining after knocking back a takeover bid at considered too low.The S&P/NZX 50 Index advanced 151.05 points, or 1.3 per cent, to a... Source: NZ Herald Business News
The New Zealand dollar rose on positive domestic economic data, better than expected Australian jobs numbers and after the greenback fell on the news of US President Donald Trump being impeached. The kiwi was trading at 65.91 US... Source: NZ Herald Business News
Metlifecare has rejected an indicative takeover offer of $6.50 a share as being too low after sounding out some of its major shareholders.The board said its internal valuation could be in excess of $8 a share, depending on the assumptions... Source: NZ Herald Business News
The NZ Super Fund is expanding its stake in tourism, buying Rotorua's 203-room Holiday Inn.Although the rate of international tourism growth is slowing, the fund says the purchase aligns with an aim to invest in strategic regional... Source: NZ Herald Business News
Air New Zealand is cracking down on record numbers of unruly passengers who are verbally or physically abusing staff.The airline has taken action against a growing number of abusive passengers during the past year - including imposing... Source: NZ Herald Business News