Walmart’s Greg Foran Flies Home to Air NZ
Big-box giant Walmart Inc. has announced that New Zealand-born Greg Foran, the CEO of its US division – which makes up the bulk of its sales and operating income – is leaving to become…
Tag Archives: Bloomberg
Clues for Brexit Future May Be Found Here
There may be insights for the UK on leaving the European Union without a deal from a long time ago on the other side of the world, Bloomberg economic writer Eddie Spence says. Britain would…
New Culture Making Cow Cheese Without Cows
Head of Silicon Valley-based food startup New Culture, New Zealander Matt Gibson, founded the company because he didn’t like the non-dairy options on the market, according to a story by Larissa Zimberoff published online…
“The Maori Model” Hailed As Investment Blueprint For Reconciliation
Bloomberg reports from Wellington on the investment record of South Island Maori tribe Ngai Tahu https://www.ngaitahuholdings.co.nz/, turning a $170 million government compensation payment into a $2 billion asset base with an average annual…
Edmund Hillary Fellows Encourage Bold and Humble Leaders
“A verdant Burning Man with lots more global utopianism” is how American business columnist and Elon Musk biographer Ashlee Vance describes on Bloomberg.com the experimental New Zealand Global Impact Visa. Helmed by Illinois…
Ross McEwan Completes RBS Turnaround
Royal Bank of Scotland Group Plc’s top banker, New Zealander Ross McEwan, will leave the state-backed lender within a year, Bloomberg reports. The bank will start searching for chief executive officer McEwan’s replacement immediately, according…
Allbirds Taking Viral Wool Tennis Shoe to China
Allbirds Inc., the wool shoe startup co-founded by New Zealander Tim Brown that’s become a staple of Silicon Valley fashion, is opening its first stores in China, aiming to replicate its viral success in…
RBS Boss Ross McEwan Addresses Brexit
Ross McEwan surprised markets in October when Royal Bank of Scotland Group Plc made a provision related to Brexit. With Theresa May’s divorce deal from the European Union potentially days away from being defeated,…
NZ Falls out of Love with 2 Per Cent Targets
“Japan and Sweden and even the Fed could take a lesson from the Reserve Bank of New Zealand,” according to Daniel Moss in an opinion piece for Bloomberg. Former chair of the Federal Reserve,…
Air NZ Partners with Larry Page on Electric Air Taxis
Air New Zealand has announced plans to “partner with Zephyr Airworks, a flying car startup backed by Google co-founder Larry Page, ‘to make autonomous, electric air travel a reality for all New Zealanders,’” writes…
Auckland Is Becoming a Global Dining Powerhouse
“Rather than thinking of Auckland as a progressive cultural hub, people envision its glistening harbors, lush green mountains, and untouched islands just off its coastline. But Auckland has become one of the most innovative…
New Zealand’s New Big Thing Is Pinot Noir
New Zealand “was once known merely for crisp, grassy sauvignon blanc wines. No longer,” Elin McCoy writes in a report for Bloomberg. “Actor Sam Neill just finished a six-part television documentary on the voyages of…
Craft Beer Makes Inflation Gauge as Tastes Change
New Zealand has added craft beer to the basket of goods it monitors to measure inflation, reflecting changing tastes and consumer spending in the country, Bloomberg reports. “New Zealand used to be called a country…
Margot Henderson Opens Second London Canteen
One of London’s most discreet restaurants, co-owned by New Zealander Margot Henderson and Briton Melanie Arnold, will step out from behind its red-and-brown brick walls next month when Rochelle Canteen emerges from Shoreditch in…
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 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 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
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
“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
“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’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
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
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
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
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
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
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
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 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 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 …
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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…
