Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly US$770 million ($1.239b) of a stock-based compensation package triggered by the company meeting several financial metrics.The electric car and solar... Source: NZ Herald Business News
New Zealand shares edged higher today as positive earnings counterbalanced a weak lead from Wall Street as investors eyed escalating US-China tensions.The S&P/NZX 50 Index rose 25.72 points, or 0.2 per cent, to 10,882.41, taking... Source: NZ Herald Business News
The New Zealand dollar rose on end-of-month book squaring and despite some trepidation about what US President Donald Trump will say about China in a planned announcement later today.The kiwi was trading at 62.06 US cents at 5pm... Source: NZ Herald Business News
New Zealand did not join Canada, the UK, the US and Australia in a joint declaration condemning China's national security legislation on Hong Kong although Deputy Prime Minister Winston Peters did reiterate the government's "deep... Source: NZ Herald Business News
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow.The new $60m, 27,000 sq m store in West Auckland will carry more than 10,000 product lines and create 180 new jobs in the coming... Source: NZ Herald Business News
US President Donald Trump is escalating his war on social media companies, preparing to sign an executive order Thursday (Friday NZT) challenging the liability protections that have served as a bedrock for unfettered speech on the... Source: NZ Herald Business News
Australia's largest newspaper publisher, News Corp, announced today that most of its suburban and regional mastheads across the country will become digital-only next month due to the pandemic and digital platforms sharing their content.News... Source: NZ Herald Business News
New Zealand shares reversed an earlier gain as Asian markets were sold off amid growing fears of a confrontation between the United States and China.The S&P/NZX 50 Index fell 192.50 points, or 1.7 per cent, to 10,856.69. Within... Source: NZ Herald Business News
The New Zealand dollar was largely unchanged as investors remained relatively upbeat about the local economic outlook relative to the rest of the world.The kiwi traded at 61.86 US cents at 5pm in Wellington from 61.87 cents yesterday.... Source: NZ Herald Business News
Job losses due to Covid-19 may already be matching those seen in the Global Financial Crisis and economists warn we may be at the start of a "second wave" of redundancies, as the reality of the new economy dawns.And with many of... Source: NZ Herald Business News