Rich lister Guy Haddleton saves failed startup Nyriad as Exaba rises
Phoenix company, formed from the ashes of Nyriad, could cash in on the AI boom. Source: NZ Herald Business News
NZ stocks surge on new optimism – Market close
NZ sharemarket bursts through the 12,000 points mark for the first time in three months. Source: NZ Herald Business News
‘The task ahead is complicated’: Synlait Milk lives to see another day – what next?
Minority shareholders voted in favour of a loan to Synlait Milk at a special meeting. Source: NZ Herald Business News
BNZ resolves issue that caused app outage
BNZ apologises for inconvenience caused to customers. Source: NZ Herald Business News
$3.2m loss for Foodstuffs North Island as supermarket giant seeks to merge with South Island counterpart
Merger costs of $7.1m help Foodstuffs North Island to a modest loss. Source: NZ Herald Business News
OCR review: Will the Reserve Bank’s dovish pivot see mortgage and deposit rates start falling soon?
Financial markets believe OCR could be cut as early as next month. Source: NZ Herald Business News
Official Cash Rate steady, Reserve Bank softens stance as stats show tough times for economy – The Front Page
A series of stats out this week have collectively painted a bleak picture of the economy. Source: NZ Herald Business News
House building costs drop for first time in 12 years: Down 1.1% in latest quarter
Decline followed a huge surge in building consents as well as a post-pandemic rush. Source: NZ Herald Business News
Boeing is in trouble and Air New Zealand is doubling down on Dreamliners – why?
Airline says planes have been a game-changer for the last 10 years. Source: NZ Herald Business News
Novelist Emily Perkins: ‘We’re always going to be drawn to stories about the unhappy rich’ – Money Talks
Lioness author talks to Liam Dann about money art and the economics of writing. Source: NZ Herald Business News