nzherald.co.nz - Business
ANZ and Westpac credit ratings outlook downgraded to 'negative': Fitch
Wed, 17 Jul 2019 19:03:37 +1200
Australia's ANZ Bank has taken another hit, with the international credit rating agency Fitch downgrading the bank's operations in both Australia and New Zealand from a 'stable' to a 'negative' outlook, citing "material shortcomings...
Developers seek urgent sales, plans for 68 Auckland residences ditched
Wed, 17 Jul 2019 17:57:28 +1200
Developers are quitting Auckland projects and instead of building 68 new residences are now seeking urgent or fire sales, an agent says.James Law of James Law Realty on Shortland St yesterday said this about the Shanghai-based owner...
NZ shares edge higher; Fletcher drops below $5 mark
Wed, 17 Jul 2019 17:46:44 +1200
New Zealand shares edged up in quiet trading as exporters including Tourism Holdings and Air New Zealand led the market higher as a weaker currency underpinned their international earnings. Fletcher Building dropped below the $5 mark....
NZ dollar stalled amid uncertainty about US rate cuts
Wed, 17 Jul 2019 17:16:02 +1200
The New Zealand dollar was little changed as global currency markets tread water after surprisingly strong US retail trade data cast doubt on how much appetite the Federal Reserve will have to cut interest rates.The kiwi was trading...
Netflix customer says Visa card charged twice in the same month - warns to check statements
Wed, 17 Jul 2019 16:03:08 +1200
An Auckland Netflix customer says he is furious with the streaming giant after they refused him a refund despite being repeatedly charged twice in the same month and is warning other users to check their bank statements. Mark told...
Government announces voluntary standard to make furniture safer, reduce fire-hazard risks
Wed, 17 Jul 2019 16:00:00 +1200
The Government has introduced a voluntary policy which it hopes will urge furniture manufacturers and retailers to find ways to make safer products.Consumer Affairs Minister Kris Faafoi today announced a Product Safety Policy Statement...
Dick Smith complains about his $500k tax refund
Wed, 17 Jul 2019 15:56:29 +1200
Australian businessman Dick Smith has thrust franking credits back into the national debate after claiming his $500,000 return under the scheme is an "outrageous" waste of taxpayers money.The Opposition had promised to abolish the...
The Warehouse Group appoints Simon West as chief executive of Torpedo7
Wed, 17 Jul 2019 15:53:59 +1200
The former chief executive of women's clothing chain Max Fashions has been appointed CEO of The Warehouse Group's outdoor equipment retailer Torpedo7.Simon West, who has 20 years experience leading retail and technology companies,...
Winston Peters' big pitch to the United States on free trade: 'You're missing out!'
Wed, 17 Jul 2019 15:44:47 +1200
Foreign Minister Winston Peters has met United States' Vice President Mike Pence at the White House, hours after making a strong pitch for a free trade deal with the US in a speech in Washington.He essentially made the case that...
Entrepreneur reveals how he made Fix and Fogg peanut butter dream a reality
Wed, 17 Jul 2019 14:19:03 +1200
A key break for premium peanut butter maker Fix and Fogg came when a supermarket buyer spotted a jar of the firm's peanut butter on sale in a furniture shop.Company founder Roman Jewell recalled that moment in Dunedin yesterday.Jewell,...
RBNZ a 'poor communicator' - CBL's Peter Harris
Wed, 17 Jul 2019 14:03:24 +1200
The Reserve Bank's failure to communicate was a major stumbling block for failed insurer CBL Corp, says it's former managing director Peter Harris.Harris argues the insurer – now in liquidation – could've found a commercial solution...
Donald Trump threatens to 'take a look' at Google's China ties
Wed, 17 Jul 2019 12:20:35 +1200
President Donald Trump on Tuesday appeared to threaten that his administration would "take a look" at Google, opening an investigation into the search giant out of concern that it has been breached by the Chinese government.Trump's...
OIO process flaw allows Kiwi money to underpin Westland sale to China: Farmer creditor group
Wed, 17 Jul 2019 12:12:48 +1200
An Overseas Investment Office loophole which has allowed Kiwi money to be used to help fund Westland dairy company's sale to a Chinese conglomerate must be closed, says a group fighting for the release of up to $11 million caught...
Business Hall of Fame: Sir Noel Robinson
Wed, 17 Jul 2019 11:50:26 +1200
Sir Noel Robinson, founder of manufacturing company Robinson Industries, has been inducted into the New Zealand Business Hall of Fame.Robinson was born in 1943 and educated at St Peters School in Cambridge and St Kentigerns College...
Small business confidence still down, growth prospects show signs of improvement
Wed, 17 Jul 2019 11:38:50 +1200
The latest ANZ data on small business sentiment shows confidence is still down but growth prospects are showing early signs of improvement.New Zealand's largest bank's composite growth measure – which takes into account small firms'...
Slingshot, Flip and Orcon charged over 'false' bills to departing customers
Wed, 17 Jul 2019 10:29:00 +1200
Three telcos have been charged by New Zealand's consumer watchdog for allegedly sending bills to customers after their contracts ended.The Commerce Commission has filed charges against Slingshot, Flip and Orcon under the Fair Trading...
France's Alstom showcases best trams for Auckland $6b plans
Wed, 17 Jul 2019 10:17:24 +1200
One of the world's biggest train-builders has pitched its machines to planners working on Auckland's proposed $6 billion light rail project.Jean-Francois Blanc of French train maker Alstom hosted a breakfast briefing yesterday alongside...
Workplace confession: I was paid to write hundreds of fake reviews
Wed, 17 Jul 2019 10:04:28 +1200
COMMENT: I only learnt what a Kindle was when I wrote my first article about one. I was a still a paperback guy, largely oblivious to the digital wizardry of Amazon's now-ubiquitous e-reader. The brief hit my inbox, asking for...
Man pours molten butter down colleague's trousers, leaving him 'scalded and hospitalised'
Wed, 17 Jul 2019 09:46:53 +1200
A young chef has been left with shocking injuries thanks to a cruel prank carried out by one of his colleagues.Nathan Davies, a chef at luxury hotel Calcot & Spa in England, claims he was left with serious burns on his buttocks...
Unlawful sacking leads to $30,000 bill for firm
Wed, 17 Jul 2019 08:09:09 +1200
A Dunedin engineering firm has been stung with a bill for more than $30,000 after unlawfully sacking a worker.Kayne Anderson began employment at Valley Crates & Engineering Ltd in February 2017 but after a year was dumped by the...

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