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SBS Bank - the little bank making a big noise
Business

SBS Bank - the little bank making a big noise

They're a lending minnow, but have grabbed headlines with a 3.99% home loan interest rate. We talk to the chief executive of SBS Bank Wayne Evans about the bank's push into Auckland and how it's generating some noise.

13 real estate agencies accused of price-fixing
Business

13 real estate agencies accused of price-fixing

Real estate agencies across the country are facing charges from the Commerce Commission of alleged price fixing and anti-competitive behaviour. The court proceedings relate to alleged conduct in 2013 and 2014 by the 13 national and regional real estate companies.

Air NZ 'Houston, we have arrived'
Business

Air NZ 'Houston, we have arrived'

The Herald talks to Air NZ Chief Executive Christopher Luxon at the Auckland International Airport, prior to taking off on the inaugural flight to Houston, Texas on the 15th of December.

How can baby boomers become financially secure?
Business

How can baby boomers become financially secure?

How can you become financially secure, when you’re older and have very few savings? Colman Brunton revealed 40 per cent of those aged 50 to 70 with little or no retirement savings. Expert David Whitburn tells how tens of thousands of Aucklanders in that position can quickly gain financial security – and cut their lawn mowing bills. He talks to Herald property editor Anne Gibson

Go inside Commercial Bay - NZ's most expensive tower
Business

Go inside Commercial Bay - NZ's most expensive tower

See this supplied animation of a new 39-storey $681 million downtown office tower on Auckland's waterfront. A new Auckland precinct has been revealed today, to be called Commercial Bay as a nod to the city's history in the waterfront area where listed commercial property company Precinct will have $1.5 billion of properties. Video: Buildmedia

NEXT Foundation and Taranaki Mounga Project
Business

NEXT Foundation and Taranaki Mounga Project

Chris Liddell jokes that he's on an extended visit to New Zealand this week. "It's a long trip - four days," he says. But Matamata-born, New York-based Liddell, a former chief financial officer of Microsoft and General Motors, is looking to spend more time back home. Source: Next Foundation/Vimeo

Reserve Bank has cut rates to 2.5pc
Business

Reserve Bank has cut rates to 2.5pc

Homeowners may feel relief after the Reserve Bank cut its official cash rate by 25 basis points to a record low of 2.5 per cent. Most economists had expected the bank to cut its rate, but market pricing suggested that there was some difference of opinion. ANZ Bank, New Zealand's biggest bank has cut its rates, reducing its floating home rate by 25 basis points to 5.74 per cent. The Reserve Bank said growth in the New Zealand economy had softened this year, due mainly to lower terms of trade. Source: RBNZ

Reindeer in Norway
Business

Reindeer in Norway

Sami reindeer herders in Norway are concerned about the impact of climate change on their animals but as the Herald's Grant Bradley discovers, renewable energy projects in reindeer territory pose a new risk - flying ice from wind turbines.

Fletcher Residential
Business

Fletcher Residential

Fletcher Residential has released an investor update, while at Three Kings a group of residents last night vowed to take legal action. New Zealand Herald property editor Anne Gibson explains.

Air NZ first flight to Argentina touches down
Business

Air NZ first flight to Argentina touches down

Air New Zealand's flights from Auckland to Buenos Aires begin today, boosting competition in the travel market between this country and South America. Among the passengers on this evening's inaugural flight is former All Black captain Richie McCaw, who recently re-signed as an Air New Zealand brand ambassador for a further two years.

Richie McCaw on Air NZ flight to Argentina
Business

Richie McCaw on Air NZ flight to Argentina

Air New Zealand's flights from Auckland to Buenos Aires begin today, boosting competition in the travel market between this country and South America. Among the passengers on this evening's inaugural flight is former All Black captain Richie McCaw, who recently re-signed as an Air New Zealand brand ambassador for a further two years.

Jeremy Clarkson shows off Amazon delivery drone
Business

Jeremy Clarkson shows off Amazon delivery drone

Almost exactly two years after announcing its plans to deliver packages with a drone, Amazon revealed a new prototype of one of its delivery drones. Amazon's prototype is an octocopter - meaning it has eight propellers and can take off and land vertically, like a helicopter. But the design also includes wings and a "pusher motor" so that it can transition from helicopter takeoffs to the energy-efficient flight of a plane at altitude. A pure octocopter wouldn't be capable of a range of 15 miles, like this prototype. Source: Amazon/YouTube