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Key: First home advice- buy an apartment
New Zealand

Key: First home advice- buy an apartment

First home buyers in Auckland might have to consider an apartment in order to get onto the property ladder, Prime Minister John Key says. His comments follow the release of new CVs for Auckland, which have soared since 2011, particularly in city-fringe suburbs. There are fears the mostly higher CVs could lead to rates increases well in excess of the 3.7 per cent planned for homeowners by Mayor Len Brown next year.

South Canterbury Finance: Two cleared, one guilty
Business

South Canterbury Finance: Two cleared, one guilty

A former director of South Canterbury Finance has been found guilty of making false statements, but two former SCF heads have today been cleared of any wrongdoing in what had been billed as the "biggest fraud in New Zealand's history". Former South Canterbury Finance (SCF) chief executive Lachie McLeod, 50, and former director, accountant Robert White, 70, were found not guilty on all charges by Justice Paul Heath after a lengthy and complex trial. Ex-director, lawyer Edward Sullivan, 72, has been found guilty on five of nine charges, including making false statements and misuse of a document for pecuniary advantage.

Meet the CEOs: Anthony Healy, BNZ
Business

Meet the CEOs: Anthony Healy, BNZ

BNZ chief executive Anthony Healy talks to the Business Herald’s Christopher Adams about his first five months in the top job, a recent management reshuffle and the bank’s strategy around tackling non-traditional competitors such as peer-to-peer lenders.

Key: Inquiry needed after power cuts
New Zealand

Key: Inquiry needed after power cuts

Prime Minister John Key says an inquiry is needed into whether there was sufficient back-up in place after the power cuts in Auckland yesterday - but has warned that if that inquiry finds better backup systems are required it will contribute to higher power prices. Mr Key said there would need to be an inquiry into what went wrong and the response to that. "We know there was a fire, the question is was there enough redundancy built in there." He said if that inquiry found greater contingency systems were needed, it would have a cost. Vector was a controlled monopoly and its charging and costs were set by the Commerce Commission.

Meet the CEOs: Tom Nickels, Waste Management
Business

Meet the CEOs: Tom Nickels, Waste Management

Tom Nickels, chief executive of Waste Management, New Zealand’s biggest refuse collector and landfill owner. After a successful stint as an NZX-listed stock, Waste Management was taken over by Australia’s Transpacific in 2006. Early this year, China’s Beijing Capital bought the company for $950 million. Beijing Capital intents to invest more than $98 million in the company, which is enjoying double digit earning growth.

Swiss Airbus A330 formation flypast
Business

Swiss Airbus A330 formation flypast

The pilots' view of a formation flypast by a Swiss Airbus A330 and the Patrouille Suisse at AIR14 in Payerne. Join the nine pilots in their cockpits and enjoy the air show from an angle you’ve never seen it from before

Raw: Protesters disrupt oil industry speech
New Zealand

Raw: Protesters disrupt oil industry speech

Greenpeace protesters have disrupted a petroleum conference being held in Auckland this morning, bursting into a room while Energy Minister Simon Bridges was speaking. About half a dozen women breached tight security and lobbed high pitched noise emitting devices under the seats. They were then bundled out of the room by a team of security staff and unfurled banners disputing Statoil's exploration programme in Northland. The women were dressed in business suits and had apparently faked identification and conference credentials to get into the room.

iPhone 6 mania hits NZ
Business

iPhone 6 mania hits NZ

Kiwis eager to get their hands on the new iPhone 6 and 6+ have queued overnight - and in some cases, for a week online. The highly anticipated phone was officially released in New Zealand at 12.01 this morning. Vodafone stores in Auckland, Wellington, Christchurch and Dunedin opened their doors at 12.01am for keen Apple fans. Spark (formerly Telecom) tried something different, allowing customers to pre-book their places in online queues by registering an oversized novelty "emoji" - pictures popularly used in text messages - which are printed off and hold their space in the queue.

 iPhone 6 dumped in beer
Business

iPhone 6 dumped in beer

This video supplied by Reviveaphone documents the insane project of a man traveling halfway around the world to get the first iPhone 6 and then dump it in a pitcher of beer.

APN relaunches as NZME.
Business

APN relaunches as NZME.

APN, the company which owns the New Zealand Herald, is to relaunch as part of a new brand, NZME. APN, The Radio Network and GrabOne, are unifying their print, radio, digital and e-commerce brands under New Zealand Media and Entertainment.

5 epic adventures – only in NZ
Business

5 epic adventures – only in NZ

NZ tourism has released a new video as part of a new campaign encouraging young visitors to try five extreme activities within a day. Watch adventurer Chuck Berry try them out in just one hour.

Mood of the Boardroom CEO's report
Business

Mood of the Boardroom CEO's report

Fran O'Sullivan presents the 2014 Mood of the Boardroom report from New Zealand's top CEO's. Most are expecting revenue growth and bottom line profit increases. Overall, 51 per cent of respondents are feeling more optimistic about the New Zealand economy than they were last year, and 54 per cent are more positive about the prospects for their own industry.

REPLAY: Mood Of The Boardroom
Business

REPLAY: Mood Of The Boardroom

Watch back the New Zealand Herald's Mood Of The Boardroom event, with National’s Bill English and Labour’s David Parker debating economic policy before an audience of business leaders at Auckland's Langham Hotel.

Reaction: Mood of the Boardroom
Business

Reaction: Mood of the Boardroom

Mood of the Boardroom 2014 has been presented and Anne Gibson and Jamie Gray get CEO reaction and we hear from the two finance spokesmen David Parker and Bill English.

Business Herald re-launched
New Zealand

Business Herald re-launched

This morning the Business Herald has has re-launched its homepage with a host of new features and content to keep you better informed. We’ll continue to bring you comprehensive news and the best business analysis but we’ve added tools which allow you check stock prices, get latest currency rates, compare mortgage and savings rates and pick the best KiwiSaver fund for you. We’ve also built a company search engine to allow you to better search our huge archive of stories and commentary dating back over a decade.

Air NZ bids farewell to its last Boeing 747
Business

Air NZ bids farewell to its last Boeing 747

Air New Zealand's last jumbo jet, the Boeing 747 is about to leave New Zealand this week. This video gives us insight into the history and legacy of this mighty aircraft, and a final goodbye from the airline as it is replaced by the much newer and more efficient 787 Dreamliner