Roughly US$2 trillion was wiped off global stocks after Britain’s shock vote to leave the European Union sparked carnage in sharemarkets from New Zealand to London.In case you’re having trouble getting your head around that – two…
Liam Dann: Brexit crash vs historic meltdowns
How does the Brexit crash compare to the other market meltdowns of history?The shock decision of UK voters destroyed $2 trillion in wealth overnight and there is certainly more turmoil to come.But so far it doesn’t compare to…
Asian stocks volatile, Nikkei slides up to 2.9 percent as investors await UK vote results
SEOUL, South Korea (AP) ” Asian stocks volatile, Nikkei slides up to 2.9 percent as investors await UK vote results.
EU referendum live: Markets panic as Leave takes the lead
Global markets are starting to panic, with shock results fuelling fears that Britain could leave the European Union. See below for live coverage of the referendum.
ANZ wins battle of the mortgages as Auckland's real estate market fuels cut-throat rivalry
A deep analysis of mortgage registrations revealed a changing of the guard amongst the city’s banks with ANZ set to take over as Auckland’s leading mortgage provider.Analysis by the Herald ‘s Insights team has seen mortgage information…
Mid Canterbury meatworks hit by Silver Fern Farms' decision
The fallout from Silver Fern Farms’ decision to axe the bobby calf kill at the co-operative’s Fairton plant will have far reaching repercussions for Mid Canterbury’s economy.Almost 500 workers at the Fairton plant – on the outskirts…
Jetstar starts night flights to Queenstown
Jetstar will start the first international after-dark flights into Queenstown tonight.Its Melbourne-Queenstown service is due to touch down in the resort town at 7.20pm.The airline said inaugural winter evening service is over…
Brexit: UK faces 'long and deep recession'
The UK faces a long and deep recession if voters decide to abandon Europe tonight, says Prasanna Gai, Professor of Macroeconomics at the University of Auckland.”This would be extremely bad for the British economy,” he told The Economy…
Spark boss Simon Moutter calls on Google, Facebook and Apple to start paying their fair share on tax
Spark managing director Simon Moutter on why companies need to pay their fair share in tax. Seeing a news report on the tax minimisation tactics of a certain multinational company prompted me recently to grab my phone and fire…
Govt mulls 'naming and shaming' tax avoiders
Concern over the amount of tax paid by multinational companies has the government mulling a tax transparency register which would name and shame aggressive tax avoiders.Such a policy is currently in force in Australia and was…