nzherald.co.nz - Business
Opioid crisis: OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2000 lawsuits
Mon, 16 Sep 2019 15:53:04 +1200
Purdue Pharma filed for bankruptcy with a more than US$10 billion plan to settle claims that it fuelled the US opioid epidemic by illegally pushing sales of its addictive OxyContin painkiller.The Chapter 11 filing on Sunday in White...
Extra billing for driveways on 'affordable' homes: Auckland property developer prosecuted
Mon, 16 Sep 2019 15:33:39 +1200
by RNZ An Auckland developer who billed affordable home buyers separately for driveways and other basics, pushing their houses outside the affordable cap, is being prosecuted.Imperial Homes will face 42 charges brought by the...
Z Energy moves to hose down fuel price fears, accuses ComCom of inaccuracies
Mon, 16 Sep 2019 15:20:52 +1200
Z Energy said it expects petrol prices to rise by about 6 or 7 cents a litre, based on the immediate spot price reaction to the weekend attack on a Saudi Arabia oil facility, but said a $3.00 a litre pump price was "very, very unlikely".Chief...
Whittaker's slams Kiwis over body shaming of ambassador
Mon, 16 Sep 2019 13:45:07 +1200
New Zealand chocolate brand Whittaker's has slammed a number of rude Kiwis who took to the Whittaker's Facebook page to body shame of one its own ambassadors in Japan.In a promotional video just days before the Rugby World Cup,...
Primary sector export revenue tipped to drop in 2020
Mon, 16 Sep 2019 12:33:44 +1200
Primary sector export revenue in the year ended June lifted 8.7 per cent to $46.4 billion but is tipped to ease 0.5 per cent as lower export volumes are forecast for most sectors, according to the latest Situation and Outlook for...
A2 Milk shares rally after Mengniu-Bellamy's deal
Mon, 16 Sep 2019 12:18:51 +1200
Shares in a2 Milk rallied sharply after news emerged that Chinese dairy giant Mengniu would pay a 59 per cent premium to buy one of a2's closest peers, Bellamy's Australia.Bellamy's said Mengniu would buy the Aussie infant formula...
Z Energy demands ComCom fix 'material inaccuracies' in fuel report
Mon, 16 Sep 2019 12:18:03 +1200
Z Energy has released analysis that questions the Commerce Commission's basic arithmetic, use of economic concepts and choice of the formula it used to conclude the New Zealand transport fuel sector is uncompetitive."Z has discovered...
Bubbly services sector keeping growth afloat in June quarter
Mon, 16 Sep 2019 11:34:34 +1200
Service sector output may have kept the economy ticking over in the June quarter, but economists say the sluggish backdrop points to at least one more interest rate cut before December.The median in a Bloomberg poll predicts gross...
UK Trade Minister Liz Truss makes surprise visit to New Zealand for post-Brexit talks
Mon, 16 Sep 2019 11:09:13 +1200
UPDATED: Britain's new trade minister, Liz Truss, is making a surprise visit to Wellington today to hold talks with the Government about a post-Brexit trade deal."As the UK prepares to leave the EU on 31 October, we look forward...
Abano shares jump 10% on takeover speculation
Mon, 16 Sep 2019 10:42:53 +1200
Abano Healthcare shares jumped 10 percent after the dental clinic operator said it's still in talks with a number of potential suitors. The company confirmed that discussions are continuing after a report in The Australian newspaper...
Oil prices jump 19% in early morning trading
Mon, 16 Sep 2019 10:10:42 +1200
Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about 5 per cent of global supplies.Brent prices jumped as much as $11.73 to $71.95 a barrel in early trading in...
Analysis: Wealth management now wags the stock-broking dog
Mon, 16 Sep 2019 09:53:14 +1200
COMMENT: Could the lack of new listings on NZX be as simple as New Zealand not having enough traditional stock-broking and merchant banking firms?The capital markets review's report mentions the issue: "Each of the five primary...
Spark Sport close to a clean sheet - but hit by Man U snag
Mon, 16 Sep 2019 09:38:39 +1200
With the Rugby World Cup now just days away, Spark Sport came close to keeping a clean sheet with its English Premier League streaming over the weekend - only to concede a snag with its Manchester United-Leicester coverage.The Man...
NZ dollar weakens as all eyes turn to oil
Mon, 16 Sep 2019 08:26:43 +1200
The kiwi is weaker after the greenback got a lift from improving US retail data and as markets keep a close eye on Saudi Arabia after weekend attacks on major oil plants.The kiwi was trading at 63.68 US cents at 7:55 am in Wellington...
Petrol prices could skyrocket to $3 a litre after Saudi Arabia attacks
Mon, 16 Sep 2019 07:26:46 +1200
New Zealand petrol prices could reach a nightmare $3 a litre following the attacks on Saudi Arabia's oil facilities, an economist says.However, the true impact the explosions would have on the oil industry remains to be seen....
Gisborne knocks Hawke's Bay off top spot in NZ for economic growth
Mon, 16 Sep 2019 06:06:29 +1200
Although Hawke's Bay has lost its spot as New Zealand's top economical region experts aren't worrying as the region continues to show strong numbers.Hawke's Bay slipped back into fifth equal for the June 2019 quarter with Southland...
Vodafone's tear-jerker shows what 5G can do right now
Mon, 16 Sep 2019 05:00:20 +1200
Vodafone will flick the switch on its 5G network in December and it wants New Zealanders to know this isn't some futuristic, space-aged technology far removed from the present.In an ad campaign that launched nationwide on Sunday...
Attacks threaten fuel prices
Mon, 16 Sep 2019 05:00:14 +1200
Motorists could be paying high petrol prices within days after Saturday's drone attacks on Saudi Arabia's oil facilities by Iranian-backed Yemini rebels."It's not a good sign," Automobile Association spokesman Mark Stockdale said."It...
PwC Herald Talks: John Kippenberger on how to take your business global
Mon, 16 Sep 2019 05:00:01 +1200
Taking the time to understand your target market is key to successfully taking your company global, former Manuka Health chief executive John Kippenberger says.Kippenberger, the keynote speaker for PwC Herald Talks' upcoming event...
Petrol prices and airfares may rise after drone strikes on Saudi Arabia oil empire
Sun, 15 Sep 2019 13:53:16 +1200
Motorists could see high petrol prices within days following Saturday's drone attacks on Saudi Arabia's oil facilities by Iranian-backed Yemini rebels."It's not a good sign," said Automobile Association spokesman Mark Stockdale."It...

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