Latest fromBusiness

Business Herald: NZ top paid bosses
Business

Business Herald: NZ top paid bosses

The bosses of New Zealand's biggest companies enjoyed an average pay rise of 10 per cent last year, their biggest bump since 2010. The increase for those at the top dwarfs the 3 per cent of growth for the average wage and salary earner in the year to June 2014.

BMW i-cars production line
Business

BMW i-cars production line

In Germany near Leipzig, 120 electric i-cars a day are rolling off BMW's production line to meet hot demand around the world. Video supplied by BMW.

Reserve Bank: Brian Fallow on OCR cut
Business

Reserve Bank: Brian Fallow on OCR cut

The Reserve Bank cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from its near-zero level. New Zealand Herald's Economics Editor, Brian Fallow, analyses the decision. The New Zealand dollar tumbled. Governor Graeme Wheeler lowered the official cash rate to 3.25 percent, in a closely watched decision where markets were largely split on whether he would cut rates now or later, saying a more pronounced slump in export prices than expected and the prospect of waning consumer demand on increasing petrol prices threatened to keep a lid on already low inflation.

Reserve Bank: OCR cut to 3.25pc
Business

Reserve Bank: OCR cut to 3.25pc

The Reserve Bank has this morning cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from its near-zero level. The New Zealand dollar dropped almost a cent.

Zane Lowe to be DJ on Apple's station
Business

Zane Lowe to be DJ on Apple's station

Apple declared war on Spotify, Tidal and Pandora, as it unveiled its new music streaming service. Apple Music, available to users of iPhones and iPads on June 30 in 100 countries, includes a radio station with personalized playlists and a choice from millions of songs on demand. Tim Cook described Apple's new service as "the next chapter in music". It will include Beats 1, a 24-hour radio station featuring Kiwi DJ and former Radio 1 presenter Zane Lowe. The company is billing it as "all the ways you love music in one place". Source: Apple/Youtube

New Te Uru Waitakere Contemporary Gallery
New Zealand

New Te Uru Waitakere Contemporary Gallery

As with many big jobs, this one started out small. Auckland’s Mitchell & Stout Architects was only initially asked to upgrade Titirangi’s historic ex-hotel Lopdell House, expanding its existing art gallery and redesigning its basement theatre. Work was really planned to focus on a single building. But that would never have worked.

The 'internetest safety video'
Business

The 'internetest safety video'

Delta Air Lines has taken a leaf out of Air New Zealand's book in releasing a viral new in-flight safety video the airline has dubbed "the internetest safety video on the internet".

PM on Campbell Live: 'I wish him all the best'
Business

PM on Campbell Live: 'I wish him all the best'

John Campbell will leave Campbell Live, with a new current affairs show continuing in his time slot four days a week, with two presenters. Campbell has rejected the chance to co-host a revamped version of his television show and quit MediaWorks, the company says.

Budget 2015: John Key's stand up
Business

Budget 2015: John Key's stand up

Prime Minister John Key said 500,000 New Zealand children would benefit from the Budget in some way and said he was proud to lead a party that was the first to lift benefits in 40 years. He said it was "compassionate conservatism and I'm proud of it". He said he had told New Zealanders on election night he intended "to govern for all New Zealanders".

Budget 2015: Bill English: 'helping parents into work'
New Zealand|politics

Budget 2015: Bill English: 'helping parents into work'

Beneficiary families and low-income working families will get a boost of up to $25 a week as part of a child hardship package which is the centre-piece of Bill English's seventh Budget. It is the first increase in core benefits, apart from inflations adjustments, since 1972 and will affect 110,000 families.

Meet The CEOs: Thomas Pippos
Business

Meet The CEOs: Thomas Pippos

Deloitte NZ chief executive Thomas Pippos talks to Herald Business Editor Liam Dann about this week's Budget - what he'd like to see in it - and what he expects will really be in it.

Evolving the 100% Pure New Zealand identity
Business

Evolving the 100% Pure New Zealand identity

The story of how Tourism New Zealand has evolved the 100% Pure New Zealand identity to more uniquely represent our place, New Zealand. The idea was to draw from a rich history of New Zealand design and visual expression. Our renewed identity demonstrates the embrace of people, culture and landscapes which is at the heart of the New Zealand travel experience. Supplied video.

Air NZ heads to the beach for new safety video
Business

Air NZ heads to the beach for new safety video

Air New Zealand has teamed up with some of the world's hottest surfers for its latest safety video, launching today. Among those on the Safety Safari video are past and present world champions, New Zealand's best surfers, a big wave legend and two of the world's most popular women surfers on social media. It was filmed at Malibu, California, Australia's Gold Coast and at Raglan and Piha in this country in mid-March and the film crew and the nine surfers had to work around Cyclone Pam to find suitable waves here and across the Tasman.

Solid Energy's decision on future of West Coast mines
Business

Solid Energy's decision on future of West Coast mines

The mood was grim as Solid Energy employees filed out of the NBS Theatre in Westport today, just minutes after finding out the company was cutting 151 jobs, plus up to 15 contracting jobs - from its Stockton mine. The company is cutting 151 jobs, but some of the losses will be made up of unfilled vacancies, meaning 113 current staff will lose their jobs. This cuts the number of staff at the mine from 397 to 246. It follows Solid's decision to cut 185 jobs a year ago.

Meet the CEOs: Mark McGuinness, Willis Bond
Business

Meet the CEOs: Mark McGuinness, Willis Bond

Mark McGuinness, managing director of Willis Bond, talks about New Zealand’s biggest new apartment project after his business won the right to build up to 600 new residences in 17 blocks in Auckland’s Wynyard Quarter.