Tesla reported that it eked out a first-quarter net profit Wednesday and its CEO Elon Musk went on a rant about the legality of US government stay-home orders issued to prevent the coronavirus from spreading.The electric car and... Source: NZ Herald Business News
Restrictions on mortgage lending will be lifted for at least 12 months, with the Reserve Bank saying concerns about risky lending were outweighed by worries that banks will be too reluctant to lend.On Thursday evening the Reserve... Source: NZ Herald Business News
Government Ministers have banned a Korean spiritual leader from buying many Northland properties for a retreat, after he sought retrospective consent for the deals already completed.Eugenie Sage, Minister for Land Information, and... Source: NZ Herald Business News
Foreign Minister Winston Peters says he wants to see a transtasman border bubble formed as soon as possible now this country and Australia ''were beating the crap'' out of Covid-19.He said an arrangement for free movement between... Source: NZ Herald Business News
New Zealand shares fell on the last day of the month as investors continued to bank profits from outperforming stocks and as large fund managers tweaked their portfolios in preparation for May. The S&P/NZX 50 Index fell 134.12 points,... Source: NZ Herald Business News
The New Zealand dollar rode a wave of optimism about a still-unproven Covid-19 treatment which has been driving equities markets higher.At the same time, the market has been ignoring worse than expected US March-quarter GDP data... Source: NZ Herald Business News
Countdown supermarkets lifted first-quarter sales by 13.7 per cent in the flurry of buying brought on by the Covid-19 pandemic.The New Zealand division of Woolworths Group today reported sales of $1.93 billion in the 13 weeks ended... Source: NZ Herald Business News
A major regional media campaign encouraging people to support local businesses has been launched by NZME as the country moves through alert level 3 and beyond.The media company's regional titles -- The Northern Advocate, Bay of... Source: NZ Herald Business News
Right now we have a chance to build a better New Zealand - this moment will not last and it must be used wisely.This is the message to politicians and business leaders from Rebecca Mills, co-ordinating author of a new discussion... Source: NZ Herald Business News
New Zealand shares fell as investors cashed in on yesterday's strong rally and sold down property stocks to take advantage of Investore Property's discounted $100 million capital raising.The S&P/NZX 50 Index declined 93.37 points,... Source: NZ Herald Business News