The New Zealand dollar fell on a growing realisation that coronavirus will have a far longer impact than the previously hoped for short, sharp shock to the economy.The kiwi was trading at 62.54 US cents at 5pm in Wellington from... Source: NZ Herald Business News
Asian equity markets are a sea of red and New Zealand is no exception as coronavirus fears continue to grip investors.The S&P/NZX-50 Index was down 2.1 per cent at 11,193.58 at 2pm in Wellington, Japan's Topix was down 2.7 per cent... Source: NZ Herald Business News
A restaurant boss who exploited migrant workers has now been jailed for tax evasion and money laundering, while his accountant will also serve a period of home detention.Both men, Rupinder Singh Chahil and Vijay Kumar Gupta, appeared... Source: NZ Herald Business News
Air New Zealand has changed direction with its latest safety video released today. This, the 20th in a decade-long series, features no cameos from local or international celebrities. The clip instead features the story of a young... Source: NZ Herald Business News
Motorists are being warned to avoid a major Auckland central city area which will be disrupted for up to five years due to construction of the $4.4 billion City Rail Link.Dale Burtenshaw, deputy project director for the Link Alliance... Source: NZ Herald Business News
New Zealand shares slipped for a third day as kiwi energy stocks came under pressure and global markets continued to decline.The S&P/NZX 50 Index declined 96.69 points, or 0.8 per cent, to 11,437.17. Within the index, 31 stocks... Source: NZ Herald Business News
The New Zealand dollar continued to trend lower as markets remained under pressure after a new case of infection with the coronavirus was reported in California in a person with no apparent links to China or travel through heavily... Source: NZ Herald Business News
Business confidence fell six points in February, as the effort to contain the coronavirus outbreak dealt a blow to exporters' economic expectations.Sharon Zollner, chief economist at ANZ New Zealand, said the result of its latest... Source: NZ Herald Business News
By John Gerritsen of RNZ The University of Auckland has frozen all new staff appointments because of the financial cost of the Covid-19 travel ban, with more than $30 million in revenue at risk.Vice-chancellor Stuart McCutcheon... Source: NZ Herald Business News
By Nita Blake-Persen for RNZ The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 - costing taxpayers more than half a billion dollars each year.Figures released to... Source: NZ Herald Business News