A vote to leave the EU isn’t the end of a journey, but the start of one. Now that the UK has chosen to quit the bloc, years of bargaining lie ahead.When Article 50 is eventually invoked – and there’s some debate about whether that…
Business optimism jumps on back of construction and tourism
New Zealand businesses grew more optimistic this month as strong construction and tourism sectors continued to support economic activity, says ANZ Bank New Zealand.A net 20 per cent of firms surveyed in the ANZ Business Outlook…
Exclusive: So what's an Auckland sea view worth?
A glimpse of water from Remuera can slap a further 130 per cent on a house price while at Takapuna, seeing the glittering Waitemata can add 125 per cent to the price.An in-depth analysis of water view effects on house prices by…
KiwiSaver balances beaten down by Brexit
KiwiSaver balances have been beaten down by Brexit-driven market upheaval, but an investment expert is urging members of the savings scheme to keep calm and carry on.A record US$3 trillion (NZ$4.3 trillion) was wiped from global…
Facebook CEO's Kauai neighbors grumble about new wall
HONOLULU (AP) ” Some of Facebook CEO Mark Zuckerberg’s neighbors are grumbling about a rock wall he’s having built on his property on Kauai’s north shore.They say the billionaire tech executive began installing the wall about four…
$449 too much for a Lions ticket? Try $1000 – sixty years ago
New Zealand Rugby has come in for some flak over test ticket prices of up to $449 for next year’s tour of the British and Irish Lions.But since the beginning Lions test tickets have been some of the hottest in town, with packages…
Asparagus sorter inventor wins $4.1m in copyright fight
A Kiwi inventor who developed the world’s first automatic asparagus sorting machine has won $4.1 million in damages from the businessmen and firms that copied one of its key parts.Michael Schwarz, who now lives in Cambridge, built…
Some advisers selling insurance to get freebie trips – report claims
The head of a financial adviser industry body has hit back at a report claiming some advisers are shifting clients between insurers to make higher commissions and get travel perks.The Financial Markets Authority has today released…
Stocks, pound futures fall as markets await Brexit fallout
NEW YORK (AP) ” Stocks fell in the Middle East, British pound futures fell versus the dollar, and U.S. shares appeared headed for a slightly lower opening on the first full day of trading since global markets plunged after Britain’s…
NZX chief welcomes NZME listing
NZX chief executive Tim Bennett expects the financial markets to remain volatile over the next few weeks in the aftermath of Britain’s surprise decision to leave the European Union.Britain’s Prime Minister David Cameron – a proponent…