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  • Q&A: What will coronavirus mean for NZ?

    What is coronavirus? 2019-nCoV is a worrying new addition to a large and diverse family of viruses, ranging from the common cold to the notorious acute respiratory syndrome – better known as Sars.Its symptoms - fever, coughing...Wednesday, February 26, 2020
  • NZ Super costs up as NZ retirees on $100k passes 30,000

    By Nita Blake-Persen for RNZ The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 - costing taxpayers more than half a billion dollars each year.Figures released...Wednesday, February 26, 2020
  • NZ shares slide for a second day on growing pandemic fears

    New Zealand shares sank for a second day as investors remained fearful that the spread of covid-19 could dent global growth.The S&P/NZX 50 Index dropped 185.37 points, or 1.6 per cent, to 11,533.86. Within the index, 45 stocks fell,...Wednesday, February 26, 2020
  • Auckland foreign exchange broker Kelvin Wood appeals against prison term for $7m Ponzi scheme

    An Auckland foreign exchange broker who described himself as having an "ultra-ego" argues he should be given more credit for alerting authorities to his $7m Ponzi scheme.Kelvin Clive Wood is serving a prison term of six years and...Wednesday, February 26, 2020
  • NZ dollar falls; coronavirus spreads to more countries

    The New Zealand dollar was weaker as alarm over the spread of coronavirus builds and as warning signs of its impact on the New Zealand economy emerge.The kiwi was trading at 63.18 US cents at 5pm in Wellington from 63.47 cents at...Wednesday, February 26, 2020
  • Markets see two RBNZ rate cuts this year

    Worsening global sentiment over the spread of the coronavirus, or covid-19, has pitched New Zealand financial markets traders from expecting no interest rate cuts by the Reserve Bank in the foreseeable future to pricing in at least...Wednesday, February 26, 2020
  • Victims of David Ross Ponzi scheme seek $80 million from ANZ Bank in lawsuit

    By RNZ Investors in the failed Ross Asset Management (RAM) company will be seeking $80 million from ANZ Bank when they start a legal claim next week.The group of more than 550 investors has claimed the bank either knew or should...Wednesday, February 26, 2020
  • TVNZ news boss John Gillespie quits state broadcaster

    TVNZ's head of news and current affairs John Gillespie has quit the state broadcaster.Gillespie will depart at the end of June.In an email to staff Gillespie said today: "I want to let you know that after some deliberation, and...Wednesday, February 26, 2020
  • Air New Zealand reveals details of Economy Skynest lie flat beds

    Air New Zealand has revealed details of a prototype new economy lie flat seat.The airline has dubbed the product an ''Economy Skynest'' and is the result of three years of Air New Zealand research and development, with the input...Wednesday, February 26, 2020
  • SkyCity fire: Flooded vehicles to be removed from basement

    The flooded vehicles trapped since October's disastrous SkyCity Convention centre fire are being removed from the building's basement from today.Around 180 vehicles were trapped beneath the fire-damaged NZ International Convention...Wednesday, February 26, 2020
  • Petrol prices to drop as coronavirus puts squeeze on oil

    New Zealand motorists will be feeling some relief at the petrol pump as global oil prices ease amid fears the coronavirus outbreak will slow the global economy.The price of crude oil was recently at US$50 a barrel, down from US$61...Wednesday, February 26, 2020
  • Tenants' triumph: Landlord attempt to impose $400 a week rent hike for Herne Bay home fails

    The Tenancy Tribunal has barred a landlord in an affluent suburb from pushing up the tenants' rent by $400 a week. This decision comes after a landlord raised his tenants' rent to $1625 per week for a $3 million property in the...Wednesday, February 26, 2020
  • Stuff ventures make up for shrinking ad, circulation revenue

    Stuff's foray into selling broadband and power packages seems to be paying off, with the media group's side ventures more than making up for its shrinking ad and circulation revenue.The New Zealand firm is largely a footnote in...Wednesday, February 26, 2020
  • Texas demolition company tears down 97yo home in Dallas by mistake

    A Texas demolition company was left red-faced and facing a serious problem after it mistakenly tore down the wrong home in Dallas.But it wasn't until the job was done that they discovered they had demolished a 97-year-old property...Wednesday, February 26, 2020
  • Sir John Key's Palo Alto Networks has another tough quarter

    A weaker than expected result and tepid forecast saw US tech giant Palo Alto Networks' NYSE-listed shares dive 17.01 per cent today, outpacing a 3.15 per cent fall in the broader market that was pegged on coronavirus fears. READ...Wednesday, February 26, 2020
  • Disney chief executive Bob Iger steps down in surprise announcement

    Disney CEO Bob Iger, who steered the company through successful purchases of Star Wars, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise...Wednesday, February 26, 2020
  • Michael Hill first-half earnings increase with spike in e-commerce sales

    Michael Hill International has reported a 19.6 per cent increase to its net profit after tax in its first-half of the year earnings.The Australasian jewellery retailer banked $21.4 million in the 26 weeks to December 29, an increase...Wednesday, February 26, 2020
  • Meridian posts record earnings amid negotiations with Rio Tinto over Tiwai

    Meridian Energy has reported record full-year earnings, boosted by favourable hydro generation from its South Island dams and a 39 per cent uplift in corporate sales.The country's biggest electricity generator said net profit rose...Wednesday, February 26, 2020
  • NZ sharemarket slumps again as coronavirus fears grow

    New Zealand's benchmark share index, the NZX-50 has fallen 2 per cent on opening this morning.The local market has follwowed another day of falls on Wall Street. The S&P 500 was down 3.1 per cent, the Dow Jones Industrial Average...Wednesday, February 26, 2020
  • Metlifecare results: More sales at higher prices pushes profit up 28%

    Metlifecare increased interim profit 28 per cent to make $24.6 million after improved resales volumes, higher selling prices and re-establishing its $940m development programme.Metlifecare has released its result for the half-year...Wednesday, February 26, 2020

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