
Reserve Bank's latest Monetary Policy Statement
New Reserve Bank Governor Graeme Wheeler today delivered his first Monetary Policy Statement - a relatively upbeat affair.
New Reserve Bank Governor Graeme Wheeler today delivered his first Monetary Policy Statement - a relatively upbeat affair.
Prime Minister John Key comments on the Government's plans surrounding rising property prices and house affordability in Auckland and across the country.
New Zealand's community of hi-tech entrepreneurs. The Sanctuary building, has opened. It is the first stage of an ambitious project to create a world class centre for innovation-based companies in Canterbury. It's called the Enterprise Precinct and Innovation Campus (EPIC).
From significant events such as the Christchurch earthquake and the tsunami in Samoa to the more offbeat challenges such as racing across Mongolia on horseback. The Telecom Foundation has purchased Givealittle.co.nz, permanently removing the 5% administration charge as part of the deal.
Telecom has announced it will become the first operator in New Zealand to sell smartphones using Microsoft's new Windows Phone 8. Watch footage of the launch event at Telecom's Auckland headquarters yesterday.
Boutique beer brewer Moa has today become the first company of the year to list on the New Zealand Stock Exchange. Shares in Moa Group started trading at 12pm, selling at an 8 per cent premium of $1.35 each. Chief executive Geoff Ross spoke to Ben Chapman-Smith, Business reporter from nzherald.co.nz at the Northern Steamship bar in Auckland, immediately after shares went live.
Todd Energy has released a report it says shows the practice of hydraulic fracturing - or 'fracking' is safe in NZ. This is an animated film produced by Todd demonstrating what it says is fracking in action.
ASB's distinctive new North Wharf headquarters is the bank's flagship for sustainable design - promising to deliver a new standard in environmental health and well-being for its employees. The Herald goes inside with property general manger Derek Shortt to find out how.
Reserve Bank governor Graeme Wheeler has warned excessive credit growth may trip up New Zealand's economic rebalancing.
Prime Minister John Key has announced that the Government will not proceed with the Waitangi Tribunal's 'shares plus' concept to address Maori claims over water.
Pat English has been based in China for 12 years, currently in his role of New Zealand Trade and Enterprise Commissioner & Consul General in Guangzhou, China He talks to nzherald.co.nz business reporter Ben Chapman-Smith about what he's seeing on the ground in China and why kiwi businesses need to take a hard look at themselves before entering the market.
New Zealand business leaders gathered in Auckland to talk about increasing their foothold in the world’s second largest economy. The China Business Summit, held at the Langham Hotel, aimed to help New Zealand businesses better take advantage of China’s growing wealth. Opened by Prime Minister John Key, top leaders such as Fonterra's Theo Spierings and Mainfreight's Don Braid shared their knowledge about doing business in China.
Dick Smith, who founded Dick Smith Electronics, Australian Geographic and Dick Smith Foods speaking to kiwi business leaders at Tomorrow's Business Forum in Queenstown. This is the full extended speech.
Greg Partington is managing director of Ogilvy and the driving force behind the 'start up' television Shopping Channel launching in NZ on October 1st. He spoke to nzherald.co.nz in a rare interview about the reasons for the channel; the commercial process from the idea to the creation of a company that is aiming for quick success in such a competitive market.
Brian Fallow is the Herald's Economics Editor and gives his opinion on outgoing Reserve Bank Governor Alan Bollards final Monetary Policy Statement which has left the OCR unchanged at 2.5 per cent.
Reserve Bank governor Alan Bollard kept the official cash rate at 2.5 per cent at his final review of monetary policy.
New Zealand’s first building to be awarded 6 Green Stars in sustainable office design has opened its doors. The Geyser office building in Parnell, Auckland, has glass walls on all sides, is set above a 180-vehicle automated car park stacking system, and has 100 per cent fresh air. Designed by Andrew Patterson, the 5040-square metre Geyser has been designed to use 27 per cent of the energy of a typical office building of its size, require only half the artificial lighting, and use only half the water. nzherald.co.nz Business Reporter Ben Chapman-Smith spoke with Chief Architect Andrew Patterson. Excerpts of Geyser video courtesy of Buildmedia music by FC Kahuna/ Hayling
Westlake Boys recommended selling minority stakes in state-owned power companies – and using the funds generated to purchase majority stakes in key privately-owned power companies. Judge Simon Chapple, principal advisor at the Ministry of Business, Innovation and Employment, said: “Your solution really stood out, and economists often quite like counter-intuitive solutions. However you need to be aware if you are going to go down the counter-intuitive route, if you are going to step outside the herd, then your argument has got to be doubly strong. You are going to be subject to a lot more criticism because you are not thinking like everyone else.”
Farro Fresh co-founder Janene Draper explains how to empower staff and help them develop within the company. She suggests allowing employees to go on training courses and to act on their own development ideas. “We’ve had staff that have started off on the shop floor being a barista. “They’ve now got company cars and the other staff can actually see what’s happening within the group.”
Frog Recruitment director Jane Kennelly shares ideas on how to foster creativity in a business and the benefits that come from doing so. She also touches on some of the challenges involved in having highly creative people working together. “Sometimes it can become a little bit of a battle of the wills. “By and large, if we have great conversations, they typically lead to great decisions.”
Fran O'Sullivan, Executive Editor for Mood of the Boardroom presents her report & survey findings. Probing the views from CEO's of New Zealand's major companies in association with BusinessNZ, this years CEO survey is strongly focused on how New Zealand can successfully grow during a period of international uncertainty.
Fran O'Sullivan, Executive Editor of the Mood of the Boardroom delivers her report probing the views from CEO's of New Zealand's major companies in association with BusinessNZ. A major topic of hot debate is Superannuation & the issue of raising the age from 65 to 67. Eighty-eight percent of more than 100 CEOs surveyed said retirement funding should be raised. Business leaders were told in no uncertain terms that the Prime Minister would not break his word by raising the superannuation age. Speaking at the Mood of the Boardroom breakfast, Finance Minister Bill English responded to calls from CEOs for National to reconsider its position on super. However, Labour's finance spokesperson David Parker believes the age should be raised but disagrees on the terms of means based assessments.
Auckland tertiary students rally together to protest drastic budget cuts to the education industry.
Kohu Road founder Greg Hall talks about the “win-win” that comes from matching talented people with the right role in a company. He says it is not enough to have great people in the mix – they also need to be in the best-suited job. “As soon as you do things you don’t want to do you’re going to do a bad job, you’re going to lose motivation.” “If you’re doing the things you love, you’ll find success.”
Powershop chief executive Ari Sargent talks about staying motivated and open to change, allowing employees the opportunity to share ideas. “As the competition moves towards us, we need to move away and keep ahead of that game. “We’re always challenging ourselves to do better and just not sit still.”
Spaceworks Managing Director Lizzi Hines shares her thoughts on being a big picture thinker. She says having vision is one thing but that also needs to be balanced with an ability to sort out the finer details. “I actually find it more difficult to focus on the detail.” “I surround myself with the right people to assist me to focus on the detail.”
David Darling, CEO, Pacific Edge on Innovation. David talks about the winning combination behind innovation and international success in the biomedical industry. Having led companies that have achieved world firsts and global success, David says “we got those on the back of having great genetic resources, a great team and we were well resourced from a capital perspective”.
Scott Bartlett, Chief Executive, Orcon on Talent. Orcon CEO Scott Bartlett highlights the importance of staff development and training in keeping people motivated on the job. He also elaborates on a number of strategies businesses like Orcon can implement to give employees a sense of achievement. “The business has to invest in its people heavily,” Scott says. “When you do that, people get a better sense of engagement around the work they’re doing and they’ve got the tools for achieving results.”
Google is making prototypes of its futuristic, internet-connected glasses available for people to test out. The company is selling the device, known as Project Glass, for $US1,500 to people attending its annual conference in San Francisco for computer programmers. With the glasses, directions to your destination can appear literally before your eyes. You can talk to friends over video chat, take a photo or even buy a few things online as you walk around.