Only the fittest, most savvy retailers will survive - and Warehouse positing to be one of them
By Rebecca Howard Nov. 24 (BusinessDesk) - Only the fittest and most savvy retailers will survive the digital era and Warehouse Group is accelerating its transformation plan, chair Joan Withers and chief executive Nick Grayston said in notes for the annual general meeting in A...
NZ dollar gains as dovish Fed raises questions over rate hikes
By Rebecca Howard Nov. 23 (BusinessDesk) - The New Zealand dollar gained as markets pared back expectations for US rate hikes next year after minutes to the Federal Reserve's last meeting raised concerns stubbornly low inflation may persist. The kiwi advanced to 68.76 US c...
Banks lash out at RBNZ's proposed debt-to-income ratio tool in submissions
By Rebecca Howard Nov. 23 (BusinessDesk) - The proposed inclusion of a debt-to-income ratio tool in the Reserve Bank's toolkit was largely met with criticism in a series of submissions, with ANZ Bank New Zealand saying it is fundamentally flawed and Cooperative Bank calling it...
Air NZ partners with Swiss travel platform Winding Tree to look at blockchain
By Rebecca Howard Nov. 23 (BusinessDesk) - Air New Zealand has announced a partnership with Swiss startup travel platform Winding Tree to explore the use of blockchain-based systems within its business. "While we are still exploring its benefits, blockchain may offer a st...
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