Vodafone cable TV gets the biff – but telco says free replacement is better

Vodafone is shifting around 6500 Wellington and Christchurch customers on its cable TV service, TBox, to its newer Vodafone TV.The telco says TBox - elements of whose technology dates from the early 2000s - will stop working in... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

US Inauguration: Wall Street hits records as Joe Biden takes over

U.S. stocks are rallying to records on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.The S&P 500 was 1.1 per cent higher at 3,841 in midday... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

Covid-19: Air New Zealand's first quarantine-free Cook Islands flight due in Auckland Airport today

The first quarantine-free flight into New Zealand for 10 months is due at Auckland Airport later this morning.Air New Zealand flight NZ0941 is due to land just before 11am and it will be first time in since last April, its passengers... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

Chris Liddell confirms he's pulled out of running for OECD Secretary-General role

UPDATED:Chris Liddell has confirmed he has pulled out of the race to be the next Secretary-General of the OECD."It was an honour to take part in the selection process, and I wish the remaining candidates, and the OECD itself,... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

Chinese e-tycoon Jack Ma ends silence with online video

China's highest-profile entrepreneur, Jack Ma, appeared today in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group.In the... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

Harmoney beats loan forecasts as volumes return to pre-Covid levels

Auckland-based non-bank lender Harmoney issued 2 per cent more loans in the six months to December than forecast in its prospectus, the company said in a market update.Strong second quarter demand saw New Zealand loans increase... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

As Kawerau housing prices rise 132 per cent, mayor Malcolm Campbell says it's "good news" the town is catching up

Kawerau house prices are booming and the town's mayor is not surprised.Figures released by realestate.co.nz show the average asking price in Kawerau has more than doubled in the past decade – the biggest increase of all districts... Source: NZ Herald Business News

By | January 20th, 2021|Business|0 Comments

Mortgage wars: ANZ matches record-low Westpac interest rate

Competition in the home loan market has stepped up a notch again with ANZ moving to match rival Westpac.The country's largest bank has dropped its one-year fixed-term mortgage rate to 2.29 per cent - a rate which Westpac began offering... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Auckland couple used children as puppet directors and shareholders in $431k tax evasion scheme

An Auckland couple used their children as "puppets" in their business during a $431,000 tax evasion scheme, says a judge.In the Papakura District Court this week, Tamanini Muaiava and his wife Uputaua Muaiava were sentenced on 65... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Netflix surpasses 200 million subscribers, halts cash burn

Netflix's video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic.The... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments