New Zealand's most expensive new residential project is nearly finished so billionaire Russian steel magnate Alexander Abramov can holiday there soon. Chris Seel, managing director of the project's master contractor Northland Coastal Developments, said more than 80 people were working on the Helena Bay project, estimated to be worth about $40 million.
Qantas is rolling out a near life-size replica of Mars rover Curiosity around New Zealand to promote its frequent flyer programme. The sedan-size machine is about 80 per cent as big as the real thing that is exploring the red planet. The Qantas version will be seen at airports and other venues around the country during the next month after touring Australia.
In the latest interview in our Herald Business Video series, Goodman Property Trust chief executive John Dakin talks to property editor Anne Gibson.
Inequality has been rising for 30 years. The gap between rich and poor is the widest since the second world war. If current trends continue, we will have reached Victorian levels of inequality in 20 years. courtesy http://inequalitybriefing.org.
Retirement Commissioner Diane Maxwell has released the latest review of NZ's retirement policies - will there still be superannuation in the future? And what role will private savings play?
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.
Is this new fishing net developed by NZ industry and scientists the future of sustainable fishing? See the first underwater images of revolutionary fishing technology created by a partnership between local scientists and three Kiwi fishing companies.
In part two of our Meet the CEO interviews, Ryman Healthcare's chief executive Simon Challies speaks to NZ Herald property editor Anne Gibson.
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 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.
In the first of our Meet the CEO interviews, NZX chief executive Tim Bennett speaks to NZ Herald markets writer Tamsyn Parker.
The Herald's Economics Editor Brian Fallow gives expert opinion and analysis on today's Reserve Bank monetary policy statement from Governor Graeme Wheeler.
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.
Finance Minister Bill English along with Labour Finance spokesman David Parker give their analysis and opinion during the New Zealand Herald Mood of the Boardroom report.
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.
What’s happening in the property market? Real estate commentator and properazzi website founder Alistair Helm talks to Chris Daniels about spring, new home loan rules and some of the issues around choosing to sell a property by auction.
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.
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.
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.
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.
The New Zealand Herald’s business editor Liam Dann discusses the Fonterra botulism false alarm and the media’s coverage of the contamination saga.
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.
Prime Minister John Key is interviewed by Leighton Smith from NewstalkZB on Friday 9th about the continuing Fonterra crisis.
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? 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.
Fonterra has apologised to the NZ public over the infant formula contamination scare, and says all the offending stocks are now out of the market.
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.''
Prime Minister John Key comments on the Department of Prime Minister and Cabinet head's offered resignation.
Prime Minister John Key said officials were working around the clock to provide certainty and clarification on the extent of the potential contamination.
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.
Kiwis who have worked in Australia can now bring their superannuation back home, thanks to a new scheme called transtasman superannuation portability. Vedran Babic, operation manager at Fisher Funds, joined us in the studio to explain the changes.
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.
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.
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.