Investors lay out claim against ANZ

Investors claim ANZ either knew or should have known that David Ross, right, was operating a Ponzi scheme.

The bank knew or should have known about David Ross's Ponzi scheme, investors claim in court.

Chch's Belgian Beer Cafe closes

Belgian Beer Cafe's post-quake premises were at the rear of The Colombo mall.

Restaurant owner says everyone is "hanging on for grim death", waiting for the tourists to come back to the city.

Relief for crayfish fishers falls short

Exports of live rock lobsters from New Zealand to China ground to a halt after coronavirus hit.

Lobster fishers "bitterly disappointed" they will not be be allowed to carry-forward full quota entitlements to next year, industry says.

Australia cuts OCR to 0.5%

Sharemarkets recovered a little on Tuesday, amid hopes of interest rate cuts.

Move may add to pressure on Reserve Bank to also cut OCR in New Zealand.

Virus takes toll on NZ exporters

New Zealand companies which trade with China are feeling the pinch as the coronavirus epidemic dampens global trade.

Warehouse warns of stock delays.

more top stories

Ratepayers to be hit up for another $16m

Demolition is underway on buildings as part of Invercargill Central Ltd's   city block development where an inner city ...

Invercargill ratepayers will be quizzed if they are prepared to fork out another $16 million for the city block development.

Economy to take a year-long hit

Finance Minister Grant Robertson encouraged business owners to make plans on how to get through and reassured them, they ...

Finance minister tells Parliament the global impact of coronavirus will hit economy for the rest of 2020.

Australian Associated Press to close video

AAP is shutting down after 85 years in operation.

The Australian media is rallying to save the AAP newswire service after two of its biggest clients cut ties, and a June closure was announced.

What $25m will buy in HB

Greenhill Lodge is on the market for $4.2 million,  a drop in the bucket for New Zealand's newest millionaire.

One option is a luxury Hawke's Bay lodge where the Queen Mother once stayed

Shoppers stock up

Absolute Wilderness director Andrew MacDonald says sales of his freeze dried meals is up 252 percent following Friday's ...

A Nelson freeze-dried food company says its meals are flying off its virtual shelves. Other businesses have sold out of anti-viral herbs and hand sanitiser.

Do you feel lucky, Adrian?

Reserve Bank Governor Adrian Orr will be weighing up whether or not to cut interest rates.

As the Reserve Bank gears up to cut rates because of coronavirus, the governor should ask himself the Dirty Harry question.

1700 letters not delivered

A New Zealand Post box on George St, Dunedin.

NZ Post has apologised for not collecting letters from two central Dunedin mailboxes during February.

Dealer uses coronavirus to sell cars video

The sponsored post from 2 Cheap Cars on Reddit appears to be leveraging fears over the coronavirus.

Controversial used car dealer 2 Cheap Cars is offering a $500 discount for anyone with the coronavirus.

Wattie's tomato sauce shortage video

Unscheduled maintenance has affected the production of Wattie's tomato sauce, a firm favourite of Kiwis for decades.

If your sausage roll has been without its favourite companion lately, don't fret. Tomato sauce supplies are on their way.

Trans-Tasman travel watch

Prime Minister Jacinda Ardern  said the Government was keeping a watching brief on every country that seen that ...

Government "keeping a watching brief' on coronavirus activity in Australia, but no travel ban yet.

money

Gold miner pinged for dodgy records

Gold and silver prices are riding high because of recession fears.

Miner misled MBIE on where he was getting his gold.

My alternative Lotto advice

OPINION: Never mind tips for the winners. It's the losers who need some guidance.

ANZ admits lending breach

$50m Lotto still unclaimed

small business

1700 letters not delivered

A New Zealand Post box on George St, Dunedin.

NZ Post has apologised for not collecting letters from two central Dunedin mailboxes during February.

Tales of Takapuna Market video

Susan Dassler says the market is the heart and soul of the suburb.

For more than 30 years the Auckland market has been a place for fortunes, flowers and friendship.

Little Biddy Gin maker to expand

Shane Thrower and Patsy Bass, of Reefton Distilling Co, are expanding their business.

The West Coast distillery reached its $2m expansion target within two weeks.

Mānuka honey in the US

The honey costs around NZ$85 a jar in the US.

When Mike Everly first heard about mānuka he couldn't spell it, now he's putting the Taranaki-made honey on American shelves.

better business

Why aren't retailers leaping at leap day?

February 29 has got some legs well beyond proposals and birthdays.

OPINION: I got engaged. But the day could still be better.

Shop til you drop

The three-level retail precinct, part of the huge Commercial Bay development on the Auckland waterfront, is opening in ...

The retail precinct in the huge new Commercial Bay development is now 100 per cent leased ahead of opening this month.

'Gateway to hunting in NZ'

An artist's impression of the new signage going up at Gun City's store by the Sockburn roundabout in Christchurch.

It has taken months longer than first promised, but David Tipple is finally in the process of changing Gun City's controversial signage.

Kiwis' Taco Bell spend-up

Five more Taco Bell stores will be opened in New Zealand this year.

New store turned over $700,000 in two months, Restaurant Brands says.

property

From shopping centres to housing development

An illustration of "The Galleria" retail expansion at Sylvia Park, New Zealand's largest shopping centre.

Big Kiwi shopping centre owner has approval to buy residential land for housing developments.

Tenant: I was landlord's 'butler' video

The property is located on Kawaka St in Grey Lynn.

Landlord's requests for tenant to run errands, host his family caused $40k of harm, tenant says.

Is Airbnb a factor in NP's rental shortage?

Community Housing Action Taranaki manager Brian Eriksen has been told the popularity of owners using their properties ...

The classic economic model of supply and demand is more of a factor than the popularity of Airbnb, says property manager.

Homed's next step video

Homed is now your go-to place for real estate news as well as inspiring ideas for your home.

We're now keeping you informed about real estate as well as inspired about your home.

opinion & analysis

'Coronavirus special' rate cut?

Reserve Bank governor Adrian Orr may be called into action early.

ANALYSIS: Reserve Bank could halve official cash rate before its late-March meeting, ANZ says.

The trick to hard discounting

"The hard discounter has one goal and vision and they put everything into being really good at just one thing," says ...

Hard discounters like Aldi and Lidl have worked out a formula for success.

Why A2 is so good

New Zealand's own a2 Milk Company produced the best return of the decade to take out first place in the MSCI World Index.

ANALYSIS: How has this Kiwi consumer staple defied all odds to spread its wings and fly?

Unlocking trade with India

With its growing population and economic power, India offers New Zealand businesses a lot of opportunity.

OPINION: India holds a lot of opportunity for New Zealand but we need to find a new way to do business.

nz farmer

Coronavirus: 'Harvest will happen'

Foreign vintage workers often have a specific skillset, and industry bosses say it would not always be possible to fill ...

In an industry dependent on foreign workers, this year's harvest faces gaps in the workforce.

Is grape growing next?

Is the Omaka Valley the "idyllic pastoral retreat" residents are claiming?

OPINION: The Omaka Valley, in the heart of wine country, is not the "idyllic pastoral retreat" some residents are claiming.

Lewis Road creaming it in US

Lewis Road Creamery founder Peter Cullinane says there is "extraordinary" interest from US consumers in grass-fed dairy.

Kiwi butter product snapped up in America as $8m supermarket deal takes off.

Billionaire gets OK to buy NZ farm

Wolfgang Leitner said he would plant 640 hectares more as a commercial forest. (file photo)

The CEO of one of Austria's biggest companies gets approval under a rule to streamline forestry deals.

world

Superstar GE CEO Jack Welch dies video

Former General Electric chairman Jack Welch gestures as he speaks on 4 November 2005 during the World Business Forum in ...

Welch was known as 'Neutron Jack,' after firing tens of thousands of employees during the first five of his twenty year tenure at General Electric.

Boeing gambles on 737 Max video

Boeing executives currently plan to restart the factory in the next couple months, on the expectation that by around ...

Two deadly crashes grounded the 737 Max. But that doesn't mean staff have been laid off.

Coronavirus improves China's air

Nasa has released maps showing the significant drop in pollution since the quarantine began. Here, the left map shows ...

Nasa reveals "significant decreases" in pollution in the air above China, as coronavirus slows the nation's economy.

Coronavirus: Tokyo Disneyland closes video

Due to coronavirus concerns, Disney fans will have to wait to visit Tokyo Disneyland.

Elevated risk of infection in crowded venues prompts popular Japanese attraction to shut its doors for two weeks.

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