Median weekly incomes fell for the first time on record as Covid-19 hit New Zealanders' back pockets, Stats NZ said.Stats NZ labour market statistics showed median weekly incomes were down 7.6 per cent to $652 a week in the June... Source: NZ Herald Business News
Stationery and office supplies retailer OfficeMax is set to close down all of its stores.In an email sent to customers, the company said it would close its 14 stores throughout the country and conduct its business online.The stores... Source: NZ Herald Business News
Trading on the New Zealand Stock Exchange ceased on Tuesday afternoon, with its website and trading platform apparently crashing.In a statement to its customers, trading platform Sharesies said the NZX "is currently experiencing... Source: NZ Herald Business News
TVNZ has plunged into the red, reporting a $25.8 million net loss for its year to June 30 - against its year-ago profit of $2.9m and its first loss since 2010.But even before the pandemic hit, or the first lick of flames had crept... Source: NZ Herald Business News
An Auckland accountant has been jailed for tax fraud dating back to the turn of the century, which saw her receive more than $700,000 she wasn't entitled to.Alice Jardinero Monzon, 67, was sentenced in the Manukau District Court... Source: NZ Herald Business News
ASX-listed Xero has acquired Australian invoice-financing startup Waddle in a deal worth up to A$80 million. Read More Xero shares jump after update - but analyst sees weak points Ex-Xero staffer reveals every salary of her... Source: NZ Herald Business News
The US sharemarket has closed at a record high, raising the question: will the NZX follow suit?Wall Street's benchmark S&P 500 index rose 1 per cent to close at its highest ever point of 3431.28 this morning, NZ time."The US... Source: NZ Herald Business News
Publishing legend described as a straight-talker with Loyalty of all who worked for him. It can be said of William James Wilson ("Will" or "Bill" Wilson to all) that he truly had "ink in his veins". He was a straight-talking,... Source: NZ Herald Business News
News that Auckland will remain in level 3 lockdown for another four days, while the rest of the country remains in level 2 has been labelled "unnecessary" and "another blow" by the hospitality industry.Prime Minister Jacinda Ardern... Source: NZ Herald Business News
Vodafone NZ has confirmed one of its Auckland-based staff members has tested positive for Covid-19 in a case connected to the current Auckland cluster."Auckland Regional Public Health Service has advised that our team member was... Source: NZ Herald Business News