Tag Archives: Bloomberg

Silicon Valley Whizz Kids Pitch New Zealand

Silicon Valley Whizz Kids Pitch New Zealand

When American Matthew Monahan first visited New Zealand, the Silicon Valley software developer was struck by a sense of possibility, Bloomberg reports. Seven years later, the 33-year-old is helping the government lure other foreign entrepreneurs…

Rocket Lab’s Peter Beck Taking on SpaceX

Rocket Lab’s Peter Beck Taking on SpaceX

Rocket Lab founder Peter Beck was more productive than most teenagers. He spent much of his youth tinkering in the family’s garage workshop in small-town New Zealand, amid welding and milling equipment. At 15 he…

Americans Prefer Pricier NZ Wines to Australian

Americans Prefer Pricier NZ Wines to Australian

Americans are falling in love with pricey New Zealand wines at the expense of cheaper vino from Australia and Argentina, according to a Bloomberg report. The value of New Zealand wine shipped to the United…

Tourists Outnumber Hotel Rooms

Tourists Outnumber Hotel Rooms

With 3.5 million short-term arrivals last year – 480,000 more than had been projected only two years earlier – a hotel shortage may end up harming New Zealand’s biggest foreign exchange earner, according to a…

Robert Muldoon Our Own Feisty Protectionist

Robert Muldoon Our Own Feisty Protectionist

“What would you think of a Western democratic leader who was populist, obsessed with the balance of trade, especially effective on television, feisty and combative with the press, and able to take over his…

Sauvignon Blancs Breaking the Rules

Sauvignon Blancs Breaking the Rules

“Whip-cracking acidity, tongue-tingling, citrusy-herby flavours, and pungent aromas give New Zealand sauvignon blancs a punchy, kick-boxing appeal,” Elin McCoy writes for Bloomberg. “Adventurous New Zealand winemakers are now lifting the category to a new…

New Zealand Is The New Refuge For the Mega Rich

New Zealand Is The New Refuge For the Mega Rich

New Zealand’s isolation has long been considered the country’s Achilles heel. “That remoteness is turning into an advantage, however, with hedge-fund pioneer Julian Robertson to Russian steel titan Alexander Abramov and Hollywood director James…

Kiwi Founded a2 Milk Outperforms Major Global Producers

Kiwi Founded a2 Milk Outperforms Major Global Producers

A2 Milk – an organisation based in Sydney but founded in New Zealand, have not only challenged conventional wisdoms in regards to milk consumption, but also outperformed many major global dairy producers with their…

NZ Star Wars Geeks Rule the Galaxy for a Day

NZ Star Wars Geeks Rule the Galaxy for a Day

Walt Disney’s new Star Wars toys have been released in New Zealand – the first place in the universe for the toys to go on sale in “Disney’s Apple-like round-the-globe rollout of new toys”. “It’s…

Dealmaker Audette Exel Harnessing Banking Power

Dealmaker Audette Exel Harnessing Banking Power

After decades brokering deals on opposite sides of the table, Australian bankers, including Sydney-based New Zealander Audette Exel, are coming together to help the world’s neediest – and tearing up their bills. Members of a…

Simon Denny One of the Top Reasons to Get to Venice

Simon Denny One of the Top Reasons to Get to Venice

Some exhibitors at the 56th Venice Biennale have a shot at changing the art world and New Zealand representative Simon Denny is one of them, according to Bloomberg, which includes the Aucklander in a…

Rugby’s Rising US Popularity Helped by All Blacks

Rugby’s Rising US Popularity Helped by All Blacks

The match between the All Blacks and USA Eagles marked the largest-ever audience for an international rugby contest on American soil; signaling the sport’s growing U.S. popularity. “People do really like watching rugby in America,”…

Peter Jackson and Paul Allen Dogfight over Warbirds

Peter Jackson and Paul Allen Dogfight over Warbirds

Filmmaker Peter Jackson, who has amassed more than 40 flyable World War I warbirds – the planet’s largest collection – and Microsoft Corp. billionaire Paul Allen are vying to build the world’s best fighter…

Greg Foran Named New Wal-Mart USA CEO

Greg Foran Named New Wal-Mart USA CEO

Wal-Mart, the world’s biggest retailer, has announced New Zealander Greg Foran as CEO of its US business, responsible for 4,700 stores and accounting for 60 percent of the company’s total global revenue of US$476b. Foran,…

Olympic Rower Takes on the Cambridge Team

Olympic Rower Takes on the Cambridge Team

Olympic bronze medal-winner and Oxford student, Invercargill-born Storm Uru, 29, says the stress of the Oxford-Cambridge Boat Race is the fun side of getting his MBA. Uru was ready for a break from…

China Ties with NZ Get Closer

China Ties with NZ Get Closer

China has announced that for the first time it will allow direct trade between the renminbi and the New Zealand dollar, only the fourth currency permitted to do so. The move further strengthens the…

By the Pricking of my Bubbles …

By the Pricking of my Bubbles …

The Reserve Bank’s new loan value ratios restricting bank mortgage lending has, it’s fair to say, got a mixed press back home. But internationally, the policy initiative is generating excited commentary about the correct…

Kiwi a la Carte Wins Michelin Star

Kiwi a la Carte Wins Michelin Star

Gordon Ramsay: Nil. New Zealand chef Matt Lambert: One. That’s the score in the highly competitive world of fine dining in New York, where the latest list of the Big Apple’s Michelin star restaurants…

Revolutionary Commercial Fishing Technology Out of the Net

Revolutionary Commercial Fishing Technology Out of the Net

New Zealand says it has developed a technology that will revolutionize commercial fishing with “Precision Seafood Harvesting”, which brings targeted species undamaged to the surface and keeps unwanted catch alive. The technology replaces trawling nets…

On a Mission to Advantage the Disadvantaged

On a Mission to Advantage the Disadvantaged

New Zealand-born Audette Exel, 50, lives a double life, Bloomberg Market Magazine reports. In New York, London, Bermuda and Sydney, she’s a company director and the owner and head of Isis (Asia Pacific) Pty,…

Cup Hope in Culture

Cup Hope in Culture

Team New Zealand can’t match billionaire Larry Ellison’s budget in the America’s Cup this year so it’s relying on sailing nous for what managing director Grant Dalton sees as a last chance to reclaim…

Networked Lab Rats

Networked Lab Rats

New Zealanders have become the Internet’s most beloved lab rats, according to Bloomberg Businessweek writer Ashlee Vance. New Zealand has a large enough population to adequately test products, and the population is self-contained. Last…

Rethinking Team Rankings

Rethinking Team Rankings

Economist at Massachusetts Institute of Technology, New Zealander Niven Winchester, who studies sports rankings as a hobby, argues that The National Football League (NFL) should rank teams more the way rugby does. Winchester calculates…

Southern Hemisphere Champs

Southern Hemisphere Champs

The world champion All Blacks routed Argentina 54-15 to secure the southern hemisphere’s inaugural Rugby Championship with a game to spare. New Zealand outscored the Pumas by seven tries in La Plata, all coming…

Modern Christchurch Planned

Modern Christchurch Planned

Plans for a new-look downtown Christchurch have been unveiled, with a convention centre, sports stadium and performing arts complex among the big projects. The blueprint for the city replaces office towers with green spaces,…

Border Control Arguments

Border Control Arguments

New Zealand may be one of the most geographically isolated nations on Earth, but its leaders say the country is not immune to the risks of refugees arriving by boat and have now drafted…

Challenging Reputations

Challenging Reputations

Despite the prevalence of foreign-chartered vessels (FCVs), which in 2010 earned $274.6 million in export revenue and hauled in 62.3 per cent of New Zealand’s deepwater fisheries catch, some companies have determined they are…

Chinese Tourism Numbers Climb

Chinese Tourism Numbers Climb

Chinese tourists in New Zealand outspent American visitors last year for the first time on record. Spending by Chinese tourists gained 26 per cent to $457 million last year, the Ministry of Economic Development…

Debating Foreign Investment

Debating Foreign Investment

New Zealand Federated Farmers chief executive Conor English speaks from Wellington with Rishaad Salamat on Bloomberg Television’s “On the Move Asia” about Shanghai Pengxin Group Co.’s plan to buy 16 New Zealand dairy farms….

Boosting Activity in the South

Boosting Activity in the South

Reserve Bank Governor Alan Bollard says New Zealand’s reconstruction of the earthquake-devastated city of Christchurch will boost growth and inflation pressures and may mean an increase in interest rates. Bollard is among Asia-Pacific central…

Still Part of the Team

Still Part of the Team

The world’s “most influential player” All Black captain Richie McCaw signs again to 2015. McCaw recommitted to his country and the Canterbury Crusaders Super 15 team with a four-year contract that will allow him…

Ozone Hole Shrinkage

Ozone Hole Shrinkage

Auckland-based National Institute of Water and Atmospheric Research (NIWA) studies have found that the ozone hole over Antarctica has shrunk to the smallest in five years, decreasing about 22 million square kilometres from 24…

Hobbit gets greenlighted

Hobbit gets greenlighted

Film industry labour issues between actors and producers were among the elements that triggered a month long crisis in Peter Jackson’s production of The Hobbit, solved only by the intervention of the Government which…

To India for milk

To India for milk

New Zealand dairy conglomerate Fonterra is in talks with Indian Farmers Fertiliser Cooperative Ltd. to set up a dairy farm in India. The project may cost as much as 1 billion rupees ($225 million)…

Brazil on the Cards

Brazil on the Cards

Ricki Herbert has signed a new two-year contract as coach of the All Whites. Herbert, 49, took New Zealand to the World Cup championship for the first time since 1982 guiding the squad through…

Close Call in Sydney

Close Call in Sydney

New Zealand narrowly beat Australia 23-22 in the final Tri-Nations match sealing an unprecedented clean sweep in the southern hemisphere rugby championship with a record 1th consecutive win over the Wallabies in Sydney. New…

Smiling Assassin Woos Investors

Smiling Assassin Woos Investors

John Key, nicknamed “the smiling assassin” during his time at global exchange in London, is now using his trademark beam to woo billionaire immigrants, foreign investors and high-end tourists according to Bloomberg Markets magazine….

Shaking Us All a Little Closer

Shaking Us All a Little Closer

The recent Fiordland earthquake (strongest earthquake in 78 years) has left New Zealand and Australia a little closer – 12 inches to be exact. The magnitude 7.8 quake on July 15 struck the South…

Arrivals Soar

Arrivals Soar

New Zealand saw the number of Australian tourists exceed the one million mark for the first time and the total annual immigration increase to a two year high, Statistics New Zealand has reported. The…

The power of the pedal

The power of the pedal

New Zealand is considering building a 3, km bike path winding through the country in an attempt to stimulate tourism and maintain an industry central to the country’s economy. The project would cost around…

Clark First Choice for UN Role

Clark First Choice for UN Role

Former New Zealand Prime Minister Helen Clark has been tipped to head the United Nations Development Programme, according to an unnamed UN official. If confirmed in this posting, Clark will be responsible for the…

Onward and Upward

Onward and Upward

Former Prime Minister and Labour Party leader Helen Clark is a candidate for the position of administrator of the UN Development Program, three below the UN secretary-general. The role becomes available in August when…

Hart’s Net Worth

Hart’s Net Worth

Auckland investor Graeme Hart, 53, owner of the world’s second-largest drink-carton maker, Alcoa Inc. has surpassed both Donald Trump and Sir Richard Branson in the wealth stakes, doubling his bank account over the past…

Rogue takes orders

Rogue takes orders

Wellington actress Anna Paquin, 25, will star as Sookie Stackhouse in HBO drama True Blood, to air in the US in September. Paquin, who won an Academy Award for Best Supporting Actress in Jane…

Boiling Point

Boiling Point

US BusinessWeek profiles “white-hot” New York-based company Fahrenheit 212’s fresh take on innovation for global consumer product companies. Named after the point at which water boils (“when one degree of difference can make all the difference”), Fahrenheit…

All Features Great and Small

All Features Great and Small

Debate over the effects of big budget US films such as King Kong and the Narnia series being filmed in NZ continues, with most in favour of the Hollywood blockbusters. “The blockbusters have been…

NewZealand.com the Business

NewZealand.com the Business

Business Week hails Tourism NZ’s Webby Award winning website, NewZealand.com, as “a vibrant blend of heritage and enterprise” – media savvy, innovative and easy to use. ” is clearly establishing itself as a prime mover with…

Going All the Way

Going All the Way

John Hood continues to shake the cloisters at Oxford University in his attempts, as Vice Chancellor, to secure the venerable institution’s status as an academic powerhouse for the 21st century. A former CEO with Fletcher Challenge…

WoWing the Crowds

WoWing the Crowds

The 2005 World of Wearable Art (WoW) show – the first to be held in Wellington rather than Nelson – was a huge success, with a record-breaking 30,000 tickets purchased for the event. The show is widely…

Forecast Fine With a Top of 9.6

Forecast Fine With a Top of 9.6

The Ministry of Tourism predicts that foreign tourist spending in NZ will increase by as much as 52% in the next 7 years. Spending is forecast to rise to NZ$9.6 billion by 2011 from NZ$6.3 billion in…

Tourism the Winner on the Day

Tourism the Winner on the Day

The hotly anticipated Lions rugby tour of NZ in June and July is tipped to boost the national economy by as much as $250 million. An estimated 16,000 British Lions fans are expected to make the long…

And to Wash it Down…

And to Wash it Down…

Serving salad? Drink New Zealand Sauvignon, also just the ticket with artichokes and asparagus. National Post features refreshing Fairhill Downs Sauvignon and classy Palliser Estate Pinot.

In The Black

In The Black

The New Zealand trade surplus for April comes in at $391 million.  

Plenty to Go Around

Plenty to Go Around

New Zealand’s trade surplus widens on the back of a 2.2% rise in the value of New Zealand exports.

Greens’ New Zealand

Greens’ New Zealand

New York James Beard Foundation hosts a tasting of New Zealand’s top wineries.

Unheralded Edge

Unheralded Edge

“To connoisseurs for whom the thrill of discovering an unheralded wine is almost as much fun as drinking it, educator John Sheldon’s advice is straightforward: ‘Move to the cutting edge’.”