A new regional shipping network could reduce burdens on roads and boost supply chains and the post-Covid economic recovery, the Government and industry groups say.The Maritime Union of NZ said the Government's new $30 million funding... Source: NZ Herald Business News
Interest rates are set to rise higher and sooner than previously forecast as the Reserve Bank goes on the offensive against inflation.The Reserve Bank today increased the Official Cash Rate (OCR) by 50 basis points to 2 per cent... Source: NZ Herald Business News
Mortgage rates will likely lift to between 6 per cent and 7.5 per cent over the coming year worsening the cost of living crisis, Kiwibank's economists say.The Reserve Bank has gone on the offensive against inflation, hiking the... Source: NZ Herald Business News
The Hawke's Bay Rugby Union will start the 2022 rep season in the financial black for the 23rd year in a row – a feat not even the national body has managed to achieve. Despite the vast impacts of the Covid-19 pandemic – which for... Source: NZ Herald Business News
Inheritance law is set for a major shakeup after 140 recommendations by the Law Commission.Should the recommendations make their way into the new simplified law, this could leave some who hope to inherit family wealth with a... Source: NZ Herald Business News
Flight schedules across the Ditch are more disrupted than at the peak of the Pandemic as airlines, airports and travel companies struggle with a chronic labour shortage. Last month the number of on-time services dropped to their... Source: NZ Herald Business News
Tesla has shed almost half its value since its November 2021 peak in what has been a horror few months for the company.The electric vehicle corporation plunged by 6.42 per cent on the stock market, then on Monday local time, Tesla... Source: NZ Herald Business News
Turners Automotive said its net profit rose by 16 per cent to a record $31.3 million in the March year, despite Covid-19 disruption.The car auction firm said its earnings before interest and tax rose by 11 per cent to $47.7m while... Source: NZ Herald Business News
Just 48 hours after an RNZ correspondent posed a payphone paradox: "Why do thousands of them exist when nobody uses them?", Spark has revealed plans to phase out its phone booth calling and free Wi-Fi services.The cull will start... Source: NZ Herald Business News
Prime Minister Jacinda Ardern arrives in New York tonight (NZ time) ahead of a hectic one-day sprint through the city to try to woo Americans to visit New Zealand and drum up business. It is yet to be confirmed whether Ardern has... Source: NZ Herald Business News