Business

Tourism operators say a vision of how to improve labour conditions and strengthen the workforce through regenerative tourism presents exciting opportunities.
RNZ     38 minutes ago
A survey showed three quarters of tourism businesses were recruiting for staff before the borders opened, and most of the small number of applicants were unsuitable.
Stuff

The funds have fallen sharply off the back of a fall in global share markets.
NZHerald     10 Aug 12:09 PM
Financial market turbulence has wiped $5 billion from the value of KiwiSaver funds in the past three months.
RNZ
But Morningstar says long-term KiwiSaver returns remain strong.
Stuff

Newshub    
Some prospective buyers are "hiding in the shadows" - but is there any point trying to time the market when everything is so up in the air?
Stuff

Insurers are facing rising reinsurance costs from higher natural disaster claims.
NZHerald     08 Aug 12:17 PM
One of the country's biggest insurers has reported a 23 percent drop in profit due to a volatile investment market and increased natural disaster costs.
RNZ

A new survey has offered some respite to the Reserve Bank with inflation expectations falling for the first time in two years.
RNZ     8 Aug 2022

NZ Automotive has received a "please explain" request from the NZX's regulatory arm.
NZHerald     08 Aug 11:47 AM
Nominations had been questioned following the sudden resignations of four directors.
NZHerald
NZ RegCo, the regulatory arm of NZX, has questioned the independence of two nominees promoted by NZAI director David Sena to fill vacancies on the company's…
RNZ

A 22-year-old healthcare administration worker, who wished to remain anonymous, said there was a lot of pressure from employers to go above and beyond, but she could see no pay off for doing so.
Stuff    
Olivia Farrelly, who has had a stutter from at least the age of two, said she was “over the moon” about the decision.
Stuff

The telecommunications company Spark has been warned by the Commerce Commission after some customers were charged for a service they did not need.
RNZ     10:41 am today
The telecommunications company is being made to pay back close to $15.5 million.
NZHerald

Jucy expands to meet surging tourist demand. Video / Jucy
NZHerald    

Large sections around Wellington – including a beachfront site – are being advertised for development, with one listed as “cheaper than carpet”.
Stuff    
Recent sales activity in Rangiora has highlighted the fact that demand is outstripping the supply of greater Christchurch’s industrial freehold land, real estate firm Colliers says.
Stuff

Disappointed investors sold a2 Milk after it dashed hopes of imminent access to the US infant formula market.
Stuff    
A2 Milk said FDA approval would not have made a difference to its earnings over 2023.
NZHerald
Speciality milk producer A2 Milk's application to export infant milk formula to the United States is off the table for now.
RNZ
The FDA has deferred a2 Milk's request to be able to send infant formula to the US.
NZHerald
A2 Milk shares had a rough day on news out of the United States.
NZHerald

Podcast: Is green finance genuine or greenwashing?
NZHerald     10 Aug 05:00 AM

Liam Dann and Mike Taylor talk on recessions - Are we in one? Are we heading for one and how do Markets react to a recession? Video / NZ Herald
NZHerald    
Liam Dann and Mike Taylor talk on recessions - Are we in one? Are we heading for one and how do Markets react to a recession? Video / NZ Herald
NZHerald

Jarden Brief: News Corp and Nielsen well up, but cruise ship line Norwegian has a shocker.
NZHerald     10 Aug 08:24 AM

Treasury warns Government's ambitious work programme would cause wage inflation.
NZHerald     11 Aug 05:45 PM
Coronet Peak is looking at a record season and has decided to stay open an extra week, along with Wānaka's Treble Cone, to make the most of the Australian school holidays.
Stuff

The life insurance company Cigna has admitted making false and misleading representations to customers, in court proceedings brought by the Financial Markets…
RNZ     2:18 pm today
Insurer admits lifting cover on 52,363 policies by more than inflation.
Stuff

Welfare has again become a hot-button political issue.
NZHerald     10 Aug 05:00 AM
Emma Clifton explains her personal experience of trying to apply for the benefit – and discovering the vicious little loophole that so many Kiwis have to endure.
Stuff

Newshub    
Some home buyers are already experiencing negative equity in their home as market prices continue to decline.
RNZ

NZHerald     10 Aug 05:00 AM
PLUS: Tech giant expands local office.
NZHerald
A Wellington cloud services provider says Google's claim it will offer New Zealanders complete control over their own data is not true.
RNZ

More people left New Zealand than arrived in the year to June, and half of them were in their 20s.
Stuff    
Block to be one level shorter than The Pacifica.
NZHerald

Ahead of next week's RBNZ rate call a stream of new data offers clues to economic outlook.
NZHerald     09 Aug 02:16 PM
DCI Data Centres CEO Malcolm Roe, Digital Economy Minister David Clark and Brookfield managing director Udhay Mathialagan turn the sod for 'AKL02', a $400 million data centre campus that will be built in Albany on Auckland's North Shore. Video / NZ Herald
NZHerald

House prices nationwide have decreased annually for the first time since 2011, new Real Estate Institute figures show. Auckland and Wellington have some of the biggest falls.
Stuff    
Wellington house prices fell by 12.2% over the last six months, but prices are softening nationwide, Quotable Value says.
Stuff
House prices nationwide have decreased annually for the first time since 2011, new Real Estate Institute figures show. Auckland and Wellington have some of the biggest falls.
Stuff

They built it, you came, and OMG, look at what happened.
NZHerald     10 Aug 05:00 AM
They built it, you came, and OMG, look at what happened.
NZHerald

Novice traders who lurk in forums like Reddit’s WallStreetBets are back to betting against Wall Street pros and the Federal Reserve.
Stuff    
Stocks surged on Wall Street, with the S&P 500 jumping 2% after data showed US inflation running less hot than feared.
Stuff

The cost of groceries from suppliers are continuing to grow, amid pressure on production and supply chains.
RNZ     12:28 pm today
It's getting more expensive for supermarkets to buy products from suppliers, and that's unlikely to change anytime soon.
Stuff

One area bucked the trend: up 40 per cent last year, down only 3.4 per cent now.
NZHerald     09 Aug 05:00 AM
New York Times: In Argentina, an iPhone can now cost more than 1 million pesos.
NZHerald

News last updated:
Thursday, 11 August, 2022 20:17