Stocks are higher in another day of bumpy trading Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus.If the market ends higher, it would mark the first... Source: NZ Herald Business News
The Warehouse Group is paying its 12,000 staff members in full after they were stood down due to the enforced coronavirus lockdown in New Zealand.The Warehouse, Warehouse Stationery, Torpedo7, Noel Leeming, 1-day and TheMarket are... Source: NZ Herald Business News
Air New Zealand has dropped its international flights down to just 11 routes amid tighter travel restrictions due to the coronavirus pandemic.The new international schedule, which will be in place from March 30 to May 31, saw a... Source: NZ Herald Business News
New Zealanders will only be able to purchase essential goods online during the lockdown period, the Ministry of Business Innovation and Employment (MBIE) has announced.Food, beverages, health and sanitary products and toiletries... Source: NZ Herald Business News
By Katie Todd of RNZ Rental agencies are getting tough on tenants with ideas about skipping their rent payments.Emails from property managers are telling tenants to speak with their employers, approach Work and Income for advice... Source: NZ Herald Business News
Hundreds of thousands of Kiwi businesses and commercial property owners will be scrambling to check their leases to see whether rents will still have to be paid during the coronavirus lockdown.A leading legal expert says many Kiwi... Source: NZ Herald Business News
Virgin Australia is moving to close its New Zealand operations as it grounds nearly all its planes.The airline will temporarily stand down approximately 8000 of the company's 10,000 strong workforce until at least the end of May.In... Source: NZ Herald Business News
By Anusha Bradley, RNZ Supermarkets and food retailers deny they have increased their prices, as panic buyers continue to strip shelves of the basics.Some customers have taken to social media to complain that prices of items... Source: NZ Herald Business News
New Zealand shares rose for a second day as a strong rally on Wall Street brought out investors on the prowl for bargains.The S&P/NZX 50 Index advanced 155.23 points, or 1.7 per cent to 9,264.38. Within the index, 46 stocks rose,... Source: NZ Herald Business News
Stocks on Wall Street joined a worldwide rally Tuesday as optimism rose, for one day at least, that government officials and central banks are unleashing enough aid to ease the economic pain caused by the coronavirus outbreak.The... Source: NZ Herald Business News