Fonterra 'closely watching' China, warns coronavirus could have impact on sales

New Zealand's biggest exporter, Fonterra, said the outbreak of coronavirus in China had not had an impact on its business, but that it was closely monitoring the situation there.Some of New Zealand's key exports have already been... Source: NZ Herald Business News

By | January 30th, 2020|Business|0 Comments

NZ dollar sags under weight of coronavirus fears

The New Zealand dollar eased further with anxiety about the coronavirus crisis all but crowding out other data investors usually focus on.That said, the New Zealand dollar was temporarily buoyed by better than expected trade data... Source: NZ Herald Business News

By | January 30th, 2020|Business|0 Comments

Facebook agrees to pay $844 million to settle class-action privacy lawsuit

Facebook has agreed to pay roughly half a billion dollars to settle a class-action case alleging the company violated Illinois law in the way it collected data for its facial-recognition tools, the tech giant said Wednesday.The... Source: NZ Herald Business News

By | January 30th, 2020|Business|0 Comments

Coronavirus insurance alert: Allianz Partners warning on new policies

Travel insurer Allianz Partners warns that it won't pay out any claim caused by the coronavirus outbreak on policies bought from now on.It says that from midday today it would expect a policy was entered into with awareness of the... Source: NZ Herald Business News

By | January 30th, 2020|Business|0 Comments

British Airways, airlines halt all flights to China over coronavirus fears

British Airways said today it is halting all flights to China, joining several Asian carriers that are either suspending or significantly cutting back service there as fears spread about a new virus that has killed more than 130 people.Air... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments

NZ capital markets showing signs of revival – Chapman Tripp

It's been slim pickings for investors seeking new opportunities on the NZX but law firm Chapman Tripp says New Zealand's equity capital markets are showing signs of revival.The firm, in its annual edition of New Zealand Equity Capital... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments

NZ shares narrowly miss regional rally

COMMENT: New Zealand shares fell despite a rally in the Asian markets today. SkyCity Entertainment Group led the market lower, as investors continue to assess the economic impact of the coronavirus outbreak.The NZX 50 fell 8.6... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments

NZ dollar shows signs of consolidation; coronavirus fears persist

The New Zealand dollar eased further but appeared to be consolidating in the wake of fears about the economic consequences of the coronavirus crisis.The kiwi was trading at 65.33 US cents at 5pm in Wellington, off the day's low... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments

Macquarie Group looking to sell Oceania Healthcare stake

Oceania Healthcare's cornerstone shareholder Macquarie Group may sell up to all of its 40.94 per cent stake in Oceania Healthcare in a process under way today. Oceania is indirectly owned by three institutional funds that specialist... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments

'Let's spend the night!': Bunnings hardware store set to open luxury 183-room hotel

Imagine this. You've had a long week grinding away at work, things are getting the better of you, and the thought of a much-needed holiday sweeps across the mind.You look at your partner and you think it would be a good opportunity... Source: NZ Herald Business News

By | January 29th, 2020|Business|0 Comments