Business News

Borrowing at record levels

16062016 News Photo: Peter Meecham/ Fairfax NZ
A house for sale in Auckland  at the Stonefields development in Panmure. ...

Mortgage lending hits a record $228 billion as the housing market takes off outside of Auckland.

High profile building with history

The Wesley Chambers was one of the first Hamilton properties to have a lift in it.

An opportunity to purchase a piece of Hamilton's history has emerged.

NZ's building boom

Steven Joyce and Nick Smith introduce the latest National Construction Pipeline Report at Three Kings Quarry.

Auckland to grow the size of Whangarei every three years, with NZ needing 50,000 more tradies by 2021.

Bar harassment apology

Victoria Kershaw, left, and Jay Thompson-Munn say staff at Vinyl Bar in Courtenay Place failed to take their complaint ...

Women who complained of "unwanted touching" were not taken seriously by Wellington bar.

‘Rent men’ are paid just to listen video

Takanobu Nishimoto and his employees work as a hired ear, paid just to listen.

Anyone in need of company can sign up to his Japanese online service to rent a man for $13.60 an hour.

Stranded at airport for 16 hours

American Airlines launched a flight between Auckland and Los Angeles last month.

Families forced to sleep in LA terminal overnight after Auckland flight was seriously delayed.

Let go after cancer diagnosis

260716.News.Photo:KEVIN STENT/FAIRFAX NZ.  Former Bayleys real estate agent Paul Berryman of Paraparaumu who is taking a ...

Real estate agent claims he was cut loose after disclosing terminal illness.

A real blast from the past

Craig Kenton with the biggest boombox ever made, the JC-2000.

A Dunedin man's collection of more than 400 working boomboxes is up for auction.

Sacked couple awarded $27,000

Earthworks have started on the cycle trail through Queen Elizabeth Park.

A couple told their four children there wouldn't be a holiday that year after they were "unjustifiably" fired.

Labour open to revamped TPP

Andrew Little says Labour is not a party of isolationism despite its opposition to the TPP

Labour open to negotiating a better TPP deal if it does not get US approval this year, says Andrew Little.

Backpacker jobs probe welcomed

MBIE is trying to ensure that backpackers willing to swap their labour for accommodation are not taken advantage of.

Alleged abuse of work exchange schemes is being investigated by the MBIE.

Countdown retreats while Foodstuff invests

Countdown recently opened a new store in Wellington as well as announcing the closure of six outlets.

'Countdown will be very cautious about its closures in the face of competitors'

Bella's Cafe closed

Bella's Cafe owner Karl Austen, front, and former business partner Alistair Pearson celebrating their 2008 Manawatu ...

Bella's Cafe, a three time winner of the Restaurant of the Year Award, has closed after 20 years.

D-Day for Auckland

Auckland's new plan will be a blueprint for future development, including greater housing intensification.

If councillors can't agree on long-awaited Unitary Plan to be released on Wednesday, the government will step in.

Chopper company founder dies

Central South Island Helicopters founder John Oakes has died following a cancer battle.

Founder of a North Otago helicopter company has died after a two-year struggle with cancer.

New theatre excites Hamilton

Momentum Waikato would oversee the building of a new theatre if Hamilton City Council approves a partnership.

"We could just about get a new theatre for the cost of refurbishing the old one."

What is this? video

Cutting-edge technology.

A plastic object was dropped into the Timaru Herald's mailbox with a note attached.

Making forestry work safer

The third stage of development in a quest to make our forestry work sites safer was unveiled near Nelson on Monday with ...

Using gamer-style technology to take remote control of New Zealand's forestry future.

Ex-warship to help lay internet cable

HMNZS Resolution, which has a new name, will survey the route for an internet cable linking New Zealand to the United States.

Crown agency releases funds for subsea cable venture, paving the way for an internet cable to link NZ to US via Hawaii.

CAB to help tenants vs landlords woes

Queenstown Citizen Bureau chairwoman Rachel Rose says tenants should step forward for free legal advice and support if ...

"You can even just come in to have a rant - we don't mind to be any kind of support."

Shock: credit card debt declines

Credit card debt results in annualised interest of $740 million being paid to banks and other card issuers.

Credit card debts at the end of June were lower than in June last year, and growing financial literacy may help explain it.

Wealthy family can't agree

Hugh Green made hundreds of millions in property deals but his passion was cattle trading.

They say they've tried and tried, but the family of magnate Hugh Green can't put aside their differences.

KiwiSavers in the money

KiwiSaver funds thrived despite Brexit market wobbles.

Conservative KiwiSaver funds ride the Brexit bumps better than aggressive funds.

Demand prompts more airline seats

Singapore Airlines and South Korea's Asiana are bringing in more tourists this summer.

South Korea's Asiana Airlines will have a weekly charter service to Christchurch over summer.

Onetai Station charm offensive

Kensington Swan says the Argentinian owners of Onetai Station have exported $25m worth of lamb skins from New Zealand ...

Law firm Kensington Swan organises tour of farm at centre of Overseas Investment Office review.

Swamp kauri duel continues

26072016 Newsphoto. SIMON MAUDE / FAIRFAX NZ. Auckland High Court, Auckland. 26-N-courtB

Lawyers say systemic failings mean the MPI is allowing excavated ancient timber- disguised as finished products - be exported.

Workplace drug testing

Many employers have a "zero tolerance" approach to drugs and alcohol within the workplace.

OPINION: Employers are often being found to have taken too hard a line when it comes to employee drug-use.

Beginners boost Cardrona skifield numbers

Cardrona Alpine Resort's new snow tunnel (right) is proving popular with first time skiers and snowboarders.

First time skiers and snowboarders contribute to 20 per cent growth at skifield.

Oz Jamie's Italian up for grabs

Jamie's Italian restaurants' Australian franchise operator Keystone Hospitality Group was placed in receivership after ...

Receivers of Keystone Group put company's Australian Jamie's Italian franchise up for sale.

$1.8m airport fraud

Auckland International Airport told the share market in February that it was investigating $1.84 million of unexplained ...

An accounts clerk stole nearly $2m by transferring funds to herself using Auckland International Airport's accounting system.

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