Fullers unveils electric ferry for Devonport run, wider EV plans

Fullers has unveiled a plug-in hybrid-electric ferry that will service the Auckland-CBD run from 2023. Chief executive Mike Horne told the Herald that his company had spent around $1 million on R&D for the boat so far. He said its build cost would be between $10m and $20m – all

Barclays to build up Singapore private banking business in Asia push

LONDON (BLOOMBERG) – Barclays plans to make key hires in investment banking and wealth management across Asia next year as the British lender plots its return to some of the world’s fastest-growing economies after a 2016 restructuring. The bank – which is benefiting from a boom in deals and trading

Dow leads Wall Street higher with 2% gain; cyclicals in vanguard

(Reuters) – The Dow led Wall Street shares higher on Monday, as economy-linked banks and energy stocks charged back and fear about the Omicron variant eased, even as investors braced for another roller-coaster ride like last week’s.Traders work on the floor of the New York Stock Exchange (NYSE) in New

Second-hand fashion: turning cast-offs into money bags

Looking too cool for school while saving the planet is fashion nirvana. Enter the flourishing world of second-hand handbags, which turns status symbols into badges of sustainability. Prada is the latest to see a moneymaking opportunity in this market. Just don’t expect to bag a bargain. Hermès’ famed Birkin bag,

Continuous Disclosure: The rise of retail investors and shareholder activism

Sharemarkets are jittery again with news of a new Covid variant, rising interest rates and inflation. So how should investors – especially those entering the arena for the first time through online trading platforms like Sharesies and Hatch – approach the volatility? What protections are in place for the novice

Auckland businesses hope customers play by the traffic light rules

From RNZ Auckland businesses are hoping customers don’t see red when the traffic light system comes into play. On Friday, Northland and Auckland will be in red, along with Taupō, Rotorua Lakes, Kawerau, Whakatāne, Ōpōtiki, Gisborne, Wairoa, Rangitīkei, Whanganui and Ruapehu districts. All other regions will enter the system in

U.S. Commerce chief to make pitch for chips funding in Michigan

WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review data on the chips market from companies around the world.FILE PHOTO: U.S. Commerce Secretary Gina Raimondo listens

It's raining dividends, hallelujah! Canadian banks set to post strong results

TORONTO (Reuters) – Canada’s top six banks are expected to resume raising dividends and share buybacks after nearly a two-year hiatus and report strong quarterly earnings this week, which could boost the sector’s appeal to yield-hungry investors even as stocks trade close to all-time highs.FILE PHOTO: A combination photo shows

New way to value stock?

(BLOOMBERG) – The higher stocks go, the louder the forecasts for their demise. Prices are hopelessly stretched, warn the naysayers – the gains aren’t justified by earnings. But to a growing number of investors, the problem is not bloated valuations. It is that longstanding accounting standards mis-classify billions of dollars

Me & My Money: Entrepreneur finds financial security in property

SINGAPORE – Seeing assets grow in value is the icing on the cake for entrepreneur Percy Hung, whose property investing is motivated more by providing a roof over the head for family members. “I invested in these properties mainly to provide my family with places to stay and so they