Latest fromBusiness

$100m boost tipped from A380
Business

$100m boost tipped from A380

The introduction of an Airbus A380 aircraft on Emirates' daily Dubai-Brisbane-Auckland route will boost annual capacity on the service by 100,000 seats and inject an extra $100 million into New Zealand's economy, says Auckland Airport chairwoman Joan Withers.

'Submarine' superyacht
New Zealand

'Submarine' superyacht

The megayacht "A" that slipped into Auckland was at the time the biggest to ever berth in New Zealand, with interior space almost 15 times the size of an average house. The distinctive vessel is owned by Russian Andrey Melnichenko, who has a fortune estimated to be $17.2 billion, and is in Auckland for maintenance ahead of cruising in summer. Video courtesy Greg Bowker.

Kiwi entrepreneurs at the America's Cup
New Zealand

Kiwi entrepreneurs at the America's Cup

Kiwi entrepreneurs and expats are everywhere around the America's cup, it's an amazing mix of social, networking, and global leadership that makes an electric entrepreneurial environment where connections and ideas are forged. courtesy 90secondsTV.

Reserve Bank leaves OCR on hold
New Zealand

Reserve Bank leaves OCR on hold

The Reserve Bank said it expected the introduction of LVR restrictions to help to slow house price inflation. The Herald's Economics Editor Brian Fallow asks Governor about the success and planning about the LVR curves in place. In the big picture, Governor Graeme Wheeler said the global economic outlook remained mixed. Economic growth in Australia and China had slowed and some emerging market currencies had come under downward pressure. At the same time, the major developed economies continued to recover and New Zealand's export commodity prices remained very high, he said.

Mood of the Boardroom: Fran O'Sullivan
New Zealand

Mood of the Boardroom: Fran O'Sullivan

Our business leaders remain optimists at heart, which is a good thing. Business culture is at its best reflecting a determined belief that, when the right moves are made at the right time, we have reason to expect outcomes will be positive. The overwhelming majority of respondents in the 2013 Mood of The Boardroom survey indicated they see New Zealand as going forward over the next decade. Only a small minority felt New Zealand was slipping back.

Mood of the Boardroom: NZ Herald reports
Business

Mood of the Boardroom: NZ Herald reports

Our business leaders remain optimists at heart, which is a good thing. Business culture is at its best reflecting a determined belief that, when the right moves are made at the right time, we have reason to expect outcomes will be positive. The overwhelming majority of respondents in the 2013 Mood of The Boardroom survey indicated they see New Zealand as going forward over the next decade. Only a small minority felt New Zealand was slipping back.

TVNZ ekes out 1.4pc profit lift
New Zealand

TVNZ ekes out 1.4pc profit lift

Television New Zealand, the state-owned broadcaster, lifted annual profit 1.4 per cent, slightly ahead of its 'Statement of Intent' forecast, though missed its target for revenue. In this video provided by TVNZ Jesse Mulligan from Seven Sharp talks to TVNZ Chairman Wayne Walden and CEO Kevin Kenrick about the companys FY2013 financial results.

New home loan rules explained
Business

New home loan rules explained

As part of a move to take steam out of housing market, banks will soon be subject to tighter mortgage lending rules. Sam Shuttleworth, a banking partner at PwC, joined us in the studio to explain the changes.

Asset sales referendum: 'utter waste of money'
New Zealand

Asset sales referendum: 'utter waste of money'

Prime Minister John Key says the asset sales referendum will be an "utter waste of money" and the sales process could be completed before it is held. The petition is to be tabled in Parliament today, after which the Government will have a month to set a date for the referendum, or declare a postal referendum.

Mighty River: Shares up as profit rises
New Zealand

Mighty River: Shares up as profit rises

Mighty River Power shares rose nearly 2 per cent in early trading after announcing a profit well above prospectus forecasts and close to 70 per cent more than last year. Chairwoman Joan Withers said the shares had been hit by a " perfect confluence of elements" including ongoing uncertainty about fundamental changes to the electricity market promised by opposition political parties, increased interest rates paid on long term bonds and uncertainty about Tiwai Point aluminium smelter although recently there was now more clarity about demand by the country's biggest single electricity user. When the share market opened shares rose 4c to $2.23. The company said it will pay a final dividend of 7.2 cents a share on September 30 for those who hold shares on September 11.

Tiwai Pt power deal done
New Zealand

Tiwai Pt power deal done

Meridian Energy has resolved its negotiations with Rio Tinto subsidiary New Zealand Aluminium Smelters locking in the Tiwai smelter until at least January 2017 - with the help of a $30 million subsidy from the New Zealand government. The deal, which has been a year in the making, will help clear the way for Meridian's $5 billion float on the stock exchange - expected to go ahead before the end of the year.

Is the property market still booming?
New Zealand

Is the property market still booming?

Is the property market still booming? What is the real impact of foreign buyers on the NZ real estate market – property and real estate commentator Alistair Helm talks to Chris Daniels about the state of the market.

John Key: Fonterra crisis updated
New Zealand

John Key: Fonterra crisis updated

Prime Minister John Key says he is prepared to fly to China if he needs to in the wake of the Fonterra whey contamination scandal. Chinese food regulators will be visiting New Zealand following the recent meat registration problem and the infant formula contamination would also be discussed, Mr Key said. "There will be ongoing dialogue and discussion between myself at a prime ministerial level and regulators in China over time.''

John Key: Agroventures & Tourism
New Zealand

John Key: Agroventures & Tourism

Prime Minister John Key visited the Agroventures park whilst in Rotorua, speaking to the general Manager Peter Cossey about their relation alongside India and how that has helped expand their business & to help promote New Zealand as a destination.

Business Herald: 'Data is the new oil'
Business

Business Herald: 'Data is the new oil'

Social data academic and consultant Dr Andreas Weigend is the former chief scientist at Amazon.com. He’s currently director of the Social Data Lab in California and teaches at Berkeley and Stanford Universities. Data, says Weigend, is “the new oil” – he studies and discusses the Social Data Revolution and talks to companies about how to embrace this new reality of social data. He’s in New Zealand as a guest of Telecom and spoke to online business editor Chris Daniels about how social data is changing the world.

Stop the GCSB spying bill
New Zealand

Stop the GCSB spying bill

Kim Dotcom urged New Zealanders last night to oppose the GCSB spying bill - but predicted it would take a change of government next year to protect their privacy. He was joined on stage by New Zealander of the Year Dame Anne Salmond, Law Society representative Dr Rodney Harrison, QC, and Tech Liberty online rights advocate Thomas Beagle.

White collar crime buster
Business

White collar crime buster

Serious Fraud Office acting chief executive Simon McArley talks with Anne Gibson about the SFO’s role, fraud in NZ, bigs wins and losses for his office, how he feels when businessmen go to jail for long terms, and how NZers can protect themselves from fraud. Weekend Business tomorrow: Acting SFO CEO Simon McArley speaks exclusively and frankly about fraud, corruption and the state of our corporate crime scene.

Mood of the Boardroom
Business

Mood of the Boardroom

Finance Minister Bill English along with Labour Finance spokesman David Parker comment on Fran O'Sullivan's Mood of the Boardroom report and give their opinions a Capital Gains tax and raising the superannuation age to 67.

Kiwi Landing Pad: San Francisco
Business

Kiwi Landing Pad: San Francisco

Kiwi Landing Pad was established in 2011 to help selected high growth New Zealand technology companies establish and grow their business in the USA. Supported by prominent New Zealand technology investors as well as the New Zealand Ministry of Business, Innovation and Employment, Kiwi Landing Pad can offer New Zealand technology companies either short or long-term residence at their office in San Francisco. Tenants gain access to a wealth of experience and are able to create invaluable networks in the US technology, business and investment community. See more at: http://kiwilandingpad.com Excerpts of film are courtesy of kordia.co.nz

Google: NZ's Victoria Ransom
Business

Google: NZ's Victoria Ransom

Wildfire Co-founder & CEO Victoria Ransom and co-founder husband Alain Chuard started their social media marketing company from the living room of their house. Now she runs the largest company of its kind in the world. Wildfire was acquired by Google in 2012, reportedly for $350 million. Excerpts of film are courtesy of Google & Wildfire by Google

TEDx 2012: Peter Young
Business

TEDx 2012: Peter Young

Peter Young established Fisheye Films in Christchurch in 1997 and has worked as a freelance director and cameraman. He came to filmmaking the long way, spending the first ten years of his working life mustering, shearing, fishing and fencing. Over this time he developed a strong connection to the land and the people that work on it and this bond remained even with his shift to film and television. Peter has credits in well over a hundred documentaries, among them; BBC’s Blue Planet series, a documentary on giant squids for prime time Discovery, episodes on the South Island for Country Calendar, the acclaimed TVNZ series Explorers,and the final tribute documentary for Sir Edmund Hillary.