nzherald.co.nz - Business
Pushpay, PredictHQ among big winners at 2019 Hi-Tech Awards
Fri, 24 May 2019 23:00:00 +1200
Pushpay (Company of the Year), PredictHQ (three awards) and Robotics Plus (two awards) were the big winners at the 2019 Hi-Tech Awards, announced in Auckland this evening. See the full list of winners below.The event also saw entrepreneur...
NZ shares fall; Gentrack sinks on weaker earnings
Fri, 24 May 2019 17:36:18 +1200
New Zealand shares fell, led by Gentrack, after the utilities software developer was among companies reporting weaker than expected earnings today. The S&P/NZX 50 Index fell 41.05 points, or 0.4 per cent, to 10,222.36. Within the...
NZ dollar falls with Aussie after Westpac's RBA rate cut call
Fri, 24 May 2019 17:20:59 +1200
The New Zealand dollar fell in unison with its Australian counterpart against the greenback after Westpac forecast the Reserve Bank of Australia will cut interest rates three times this year.The kiwi was trading at 65.16 US cents...
Kiwis' shun self-service kiosks at supermarkets - survey
Fri, 24 May 2019 15:20:14 +1200
New Zealanders prefer the human touch over self-service kiosks when it comes to doing their supermarket shopping, a new survey has revealed.Canstar Blue's customer satisfaction survey of 2500 Kiwi shoppers, comparing New World,...
Bargaining chip? Trump says Huawei could be part of China trade deal
Fri, 24 May 2019 14:38:46 +1200
COMMENT: US President Donald Trump today dropped another strong hint that his country's ban on Huawei could be a trade war bargaining chip.At a press conference to announce US$16 billion in aid for US farmers hit by Chinese...
Wanted businessman to fight Australian extradition request over alleged multi-million tax fraud
Fri, 24 May 2019 13:50:00 +1200
A Chinese businessman, who was living undetected in New Zealand, will fight an extradition request by the Australian Government over an alleged multimillion-dollar tax fraud.Li Zhang, 56, briefly appeared this morning in the Auckland...
Reaction to Budget rules relaxation shows balance 'about right', says Ardern
Fri, 24 May 2019 13:04:03 +1200
The government's decision to relax its Budget Responsibility Rules has attracted a balance of positive and negative criticism, suggesting it's pitched about right, said Prime Minister Jacinda Ardern in a speech to an Auckland business...
Annual exports to China top $15 billion for first time
Fri, 24 May 2019 11:49:03 +1200
Annual exports to China jumped 22 per cent in April to top $15 billion for the first time, amid growing demand for beef, lamb, logs and dairy products. Exports to China now account for about a quarter of New Zealand's international...
Kiwis issued more than $83 million in IRD refunds in first week
Fri, 24 May 2019 11:30:45 +1200
Kiwis around the country have been issued more than $83m of tax refunds by Inland Revenue in their first week of automatic tax assessments.More than 178,000 people were issued refunds, while just under 40,000 were told they had...
Air New Zealand confirms plans to announce new widebody planes on Monday
Fri, 24 May 2019 10:36:24 +1200
Air New Zealand has confirmed it will announce which new widebody planes it has chosen on Monday with Boeing aircraft set to win the race with Airbus.It is understood Boeing representatives will be in Auckland that day, when the...
Gentrack posts $8.7M loss on CA Plus write-down
Fri, 24 May 2019 10:19:56 +1200
Utilities software specialist Gentrack Group has reported an $8.7 million first-half loss after writing off the value of airport software developer CA Plus it acquired in 2017.The company, which provides billing and customer management...
Taste of Kiwi: World's tallest L&P bottle up for auction
Fri, 24 May 2019 10:10:09 +1200
L&P lovers rejoice! If you're a fan of the "good lemonish stuff", you can now get your hands on the world's tallest legitimate L&P bottle which requires a step-ladder to drink from.Last year, Kiwis were asked to describe the unique...
Cavalier says market conditions still challenging
Fri, 24 May 2019 09:58:52 +1200
Cavalier Corp expects to break-even in the second half, meaning annual normalised profit will remain around $1.9 million as market conditions remain tough. "The challenging market conditions noted in February 2019, particularly...
Fonterra price 'strips $225m from farmers'
Fri, 24 May 2019 09:45:30 +1200
Forecast changes announced yesterday by Fonterra will reduce the cooperative's farmer incomes this season by about $225million, ASB senior rural economist Nathan Penny says.Fonterra narrowed its current season farm-gate milk price...
Escalating US-China trade war hits stocks again
Fri, 24 May 2019 09:22:03 +1200
Global markets sagged Thursday as uncertainty over trade relations between the United States and China continued to sour investors.The Dow Jones industrial average plunged 448 points at its low before clawing back late in the day...
The ultimate footpath machine? BMW releasing an e-scooter
Fri, 24 May 2019 09:21:06 +1200
BMW says it will release an e-scooter in September - though at US$890 ($1364), it will be sold at a premium price for its modest speed and range.Could it be the ultimate scooting machine?Not going by its specs .The German car...
Trump announces US$16 billion aid package for farmers hit by trade war
Fri, 24 May 2019 08:38:30 +1200
The Trump administration on Thursday announced a new US$16 billion (NZ$24.5 billion) farm aid package to offset losses from the U.S. trade war with China.In a conference call with reporters, Agriculture Secretary Sonny Perdue said...
Ridesharing company Ola snatches market share, claims second spot for market dominance
Fri, 24 May 2019 08:14:35 +1200
The newest ridesharing company to hit New Zealand roads has clocked half a million rides in the six months it has been in the market.Bangalore-based Ola has had 500,000 rides, an almost 2000 per cent increase from a recorded 25,000...
Augusta profit up 116% after revenue boost and cost drop
Fri, 24 May 2019 08:04:32 +1200
Augusta Capital pushed net after-tax profit up 116 per cent from $3.2 million last year to $6.9m this year after operating costs fell and revenue rose. The business, which manages funds owning about 100 properties valued at $1.95b...
Westpac warning: Capital proposals will add $6000 a year to cost of average Auckland mortgage
Fri, 24 May 2019 07:32:02 +1200
Proposed changes to increase the amount of capital banks hold could add $6000 a year to the cost of an Auckland mortgage and have a "significant negative impact" on the economy, Westpac bank is warning.The New Zealand arm of the...

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