Business

Wall St slips at open as investors focus on Big Tech earnings

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2022. REUTERS/Brendan McDermid/File Photo(Reuters) – U.S. stock indexes fell at open on Tuesday as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about […]

Business

CPI preview: Inflation rate tipped to top 7pc, highest in 30 years

Economists expect we’ll see the ugliest inflation number in more than 30 years when StatsNZreleases its first-quarter Consumer Price Index data on Thursday. “March quarter inflation result is set to be another monster,” said Westpac senior economist Satish Ranchhod. “Price pressures are bubbling over in every corner of the New Zealand economy, boosted by a […]

Business

China's Q1 GDP beats forecast, but March activity heightens risks to outlook

BEIJING (Reuters) -China’s economy grew at a faster than expected clip in the first quarter, data showed on Monday, expanding 4.8% year-on-year, but the risk of a sharp slowdown over coming months has risen as sweeping COVID-19 curbs and the Ukraine war take a heavy toll.Slideshow ( 2 images )The downturn in activity was evident […]

Business

Mary Holm: Bonus Bonds – the $100 that returned $10 in 36 years

OPINION: Q: I recently received a refund on my Bonus Bonds. I bought $100 of bonds in 1985 and never won any prizes. My refund was $110, and I just wondered what my $100 would have been worth if it had been in a savings account for the 36 years. A: An online savings calculator […]

Business

PG&E agrees to pay $55 million in penalties and costs over two wildfires.

The California utility settled civil charges and avoided criminal prosecution over the role of its equipment in igniting the blazes. By Ivan Penn Pacific Gas & Electric agreed on Monday to pay $55 million in penalties and costs to settle civil cases brought by prosecutors over wildfires across six Northern California counties. The agreement allows […]

Business

Tauranga’s LawVu boosts its Series A raise to $37m, expands business with social media giant

A Bay of Plenty startup that created a whole new category of software – a cloud-based system organising in-house legal teams – has just landed another wheelbarrow load of venture capital. The Tauranga-based LawVu has raised $20 million in a “Series A” extension – taking its current fundraising round to $37m and its total venture […]

Business

Diana Clement: Are you getting value from your subscriptions?

Inflation has focused New Zealanders’ hearts and minds on the cost of living. One very modern cause for leaks in our household budgets is subscriptions. If you’re paying for one you no longer use or only use occasionally, you are being bled dry financially. We pay subscriptions for everything from movies to software. How many […]

Business

GoTo to raise $1.1 billion after finalising IPO at top end of price range

SINGAPORE (Reuters) -GoTo Group, Indonesia’s biggest tech firm, said it plans to raise $1.1 billion in an initial public offering (IPO), pricing the deal in the top half of its indicative range and making it one of Asia’s biggest IPOs so far this year.FILE PHOTO: A man walks past screen at the Indonesia Stock Exchange […]

Business

Mainzeal Group liquidations: Latest six-monthly report shows $111m of claims ‘admitted’

Claims of $111 million are being “admitted” against failed builder Mainzeal Group and its many associates, according to the latest six-monthly liquidation report out yesterday. Brian Mayo-Smith and Andrew Bethell of BDO Auckland and Stephen Tubbs of BDO Christchurch said 1400 claims had been received for $158.3m. But not all claims would be admitted, they […]

Business

NZ smartphone market grows as 1 in 5 Kiwis buys an ‘ultra-premium’ model

The New Zealand smartphone market went through a “year of two halves” in 2021, according to market research firm IDC. “While shipments in the first half of 2021 grew 17 per cent year-on-year, the New Zealand market stuttered in the back half of 2021 as supply issues on chipsets and components impacted the market and […]