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Money Week begins: Show Me The Money

Commerce and Consumer Affairs Minister Paul Goldsmith welcomes the beginning of Money Week 2016 as it kicks off today. "The theme of Money Week this year is Show Me The Money, with the aim of focusing New Zealanders on planning for their futures and achieving financial goals.

Kickstarter campaign for revolutionary new construction toy

A Kickstarter campaign has been launched for a brand new product called Flexo, which stands to change the face of playing with construction toys such as LEGO. It was invented by Mark Stolten, a New Zealand engineer.

ASX: Market momentum test

By Ric Spooner (Chief Market Analyst, CMC Markets) On the surface of it, today looks like a cautious trading session as markets wait on tonight’s US employment data.

Local Body Manifesto: What business wants from Council

With the countdown now on until local body elections, EMA has released its key recommendations for Auckland’s incoming Mayor and councillors.

Consistent approach 'has promoted robust banking system'

The Reserve Bank says that its consistent principles and approach to banking supervision have helped create a strong, robust banking system.

Singapore Airlines and Air New Zealand extend alliance agreement

Air New Zealand and Singapore Airlines today announced the extension of their alliance to include travel between Wellington and Singapore.

Bigpipe releases new feature for Bigpipe App

New Zealand ISP Bigpipe has released a new feature for its ground-breaking Bigpipe App that allows customers to effortlessly test their broadband connection for faults.

Kordia completes major North Island fibre project

Business-focused telecommunications service provider Kordia has announced the completion of a major upgrade to its North Island fibre backhaul networks, dramatically increasing its carrying capacity.

June quarter export volumes jump

The volume of goods New Zealand exported rose 10 percent in the June 2016 quarter, after adjusting for usual seasonal patterns, Statistics NZ said today. Export volumes are at their highest levels since the series began in 1990.

European recognition of FMA oversight of auditors

The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union.

Spark lifts broadband plan allowances by up to 50%

Spark has announced today that the majority of its home and many of its business broadband customers will receive up to 50% more data on their plans.

Spotlight Reporting secures $5 million in new capital raise

Spotlight Reporting, the Wellington-based cloud software company, has secured $5 million in a Series A raise.

Key Chorus contractor walks away from fibre work - union

E tū says the decision by Downer to stop laying fibre for Chorus has exposed the poor treatment of Chorus contractors, and will jeopardise the sustainability of the new network.

New appointment to Synlait's Senior Leadership Team

Quentin Lowcay, General Counsel and Commercial Manager, has joined Synlait’s Senior Leadership Team.

Mike Allen to step down from Mercury Board

Mercury director Mike Allen has advised that he will step down from the company’s Board on 3 November 2016, after seven years’ service.

Air New Zealand staff recognised for record profit

E tū and FARSA members at Air New Zealand will be celebrating a $2500 bonus today as the airline announces a record profit. The bonus is recognition of the role Air New Zealand employees working through their union have played in achieving a fantastic result.

Latest tourism spend data released

The latest Monthly Regional Tourism Estimates released by the Ministry of Business, Innovation and Employment (MBIE) today show that most regions had a growth in tourism expenditure over the year to July 2016.

Kiwibank reports after tax profit of $131m

Kiwi Group Holdings (‘Group’), which comprises Kiwibank Limited and associated wealth management, insurance and lending businesses has achieved an after tax profit of $131 million for the year ended 30 June 2016 - down 0.8% on the previous yea.

New Zealand Post Group reports net profit of $141m

The New Zealand Post Group has reported a net profit after tax (NPAT) of $141 million for the year ended June 2016 confirming a steady year-on-year financial performance for the Group overall.

Heliport 'to meet rising demand from global luxury tourism market'

Construction is advanced on a new helicopter terminal and hangar at Auckland Airport. The new facility will be built, owned and managed by local helicopter tour operator Helicopter Me, and will cater for the airport’s growing number of affluent and adventure-seeking passengers.

The Rock Morning Rumble stunt breaches broadcasting standards

A complaint about a radio stunt alluding to prison rape has been upheld by the Broadcasting Standards Authority (BSA) and seen broadcaster MediaWorks ordered to pay $1,000 in costs to the Crown and make a statement on air.

Fonterra forecast gives dairy a boost - Federated Farmers

Federated Farmers dairy industry spokesperson Andrew Hoggard says the Fonterra announcement today will boost dairy farmer optimism and even more usefully, will ease their bank manager’s worries.

'Increasing interest' in more fuel-efficient vehicles

When it comes to buying a new car, more than 83 percent of New Zealand consumers say that fuel efficiency is more important than power.

Drop in beef and lamb exports to top markets

Beef and lamb exports to key markets fell in July, slicing into overall meat exports, Statistics NZ said today. In the month of July 2016, total exports were $4.0 billion and total imports were $4.4 billion.

Hawaiki selects landing partner for Hawaii landing

Hawaiki Submarine Cable LP, the New Zealand owner and developer of Hawaiki submarine cable system, has selected DRFortress as its landing and operating partner in Hawaii.

Annual results show Kiwis love Fly Buys

Loyalty New Zealand Limited, the company that owns Fly Buys, today announced growing revenue and profits in its financial results for the year ended 31 March 2016.

Two significant TaaS contract wins for Vodafone

Vodafone has been selected to deliver telecommunications services to two major government agencies - the Ministry of Justice and Ministry of Business, Innovation and Employment (MBIE).

Gig goes national and MyRepublic challenge other ISPs in Dunedin

Fibre Broadband Provider, MyRepublic is challenging Internet Service Providers (ISPs) to automatically upgrade eligible GigCity Dunedin customers to a gig speed connection. Currently only half of consumers in Dunedin who have Fibre Broadband are on a gig connection.

IAG's New Zealand business results for FY16

A highly competitive commercial insurance market and growth in personal motor cover are features of the performance of IAG’s insurance brands in New Zealand over the past financial year, says IAG’s New Zealand Chief Executive Craig Olsen.

Tax relief for Hawke's Bay businesses on the way

Cabinet will consider a recommendation to allow Inland Revenue to waive interest on late payments of taxation for businesses affected by the Havelock North gastroenteritis outbreak, announced Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss.

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