Latest from Business

This is the end of China’s once mightiest property firm

New York Times: Evergrande leaves behind a pile of debt and a long line of creditors.

Ticketek acquires NZ's Eventfinda

Eventfinda will continue to operate under the same brand.

Farmers respond to government's report into banking competition

'It does vindicate the concerns that the farming sector has had for quite some time'.

Fonterra settles legal issue with Bega Cheese

The sale is one of New Zealand's biggest corporate transactions.

'A big disappointment' – analyst's view on Genesis Energy's earnings outlook

The midpoint of its guidance range was $62m below consensus estimates.

NZME announces 12% boost in operating earnings, posts $400,000 net loss

The company also revealed the Herald's new editorial advisory board.

'Bank did not flag this': Kitchen Things customer paid $5500 deposit despite its receivership

Customers have vented their frustration over not receiving paid-for-goods.

Musk sues Apple, OpenAI claiming illegal AI partnership

Musk's companies seek billions in damages and a permanent injunction.

Mighty Ape suffers King Kong-sized write-down after disastrous site upgrade

Mighty Ape's holiday revenue plunged 22.1% to A$30m after site issues.

Michael Hill result shows NZ lagging behind Australia, Canada

Digital sales are up but there are not many other shiny numbers for the jewellery group.

How Fonterra's Mainland sale will affect its credit rating

The sale is contingent on shareholder approval and regulatory nods.

How climate change increases air turbulence

Winter is usually the roughest season for turbulence by far, but that is changing.

Flight attendants lose dismissal case over Covid vaccine mandate

Six Air NZ attendants were dismissed in 2021 for not getting vaccinated.

Vector takes $37m impairment over gas uncertainty

Vector's adjusted earnings rose 16% to $401.1m in the June year.

Reserve Bank bows to Govt's wishes - proposes loosening bank capital rules

Proposed changes aren't expected to fix the sluggish economy.

Chorus returns to profit, sees stronger FY2026

UFB network operator updates on potential new projects, consults on $28/month plan.