Saturday, February 7

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Sharesies launches new US500 fund for KiwiSaver members
Business

Sharesies launches new US500 fund for KiwiSaver members

Sharesies' new move gives members direct exposure to the largest 500 US-listed companies across all sectors. File photo. Photo: 123RF Sharesies is offering its KiwiSaver members the opportunity to invest in individual US stocks, or via a new US500 fund - but there's a warning they need to take care doing their own stock-picking for their retirement savings. Sharesies is launching a US500 fund with direct exposure to the Vanguard S&P500 ETF which includes the largest 500 US-listed companies across all sectors. Sharesies KiwiSaver members will also be able to choose to invest in a range of individual US stocks including Meta and Apple. There is a 5 percent limit on investing in a single stock via KiwiSaver and at least 50 percent of the investor's portfolio needs to be in base funds. ...
North Korea: Kim Jong Un wants to speed up becoming a nuclear superpower
World News

North Korea: Kim Jong Un wants to speed up becoming a nuclear superpower

By Joyce Lee, Reuters North Korean leader Kim Jong Un. Photo: Supplied/Korean Central News Agency North Korean leader Kim Jong Un said his country will speed up steps toward becoming a military superpower with nuclear weapons, and would not rule out using them if it came under enemy attack, state news agency KCNA said on Tuesday. Kim mentioned South Korean President Yoon Suk Yeol by name for the second time in a week in denouncing Seoul for colluding with Washington to destabilise the region to gloss over the fact it does not even have proper strategic weapons. "Yoon Suk Yeol made some tasteless and vulgar comment about the end of the republic in his speech, and it shows he is totally consumed by his blind faith in his master's strength," KCNA quoted Kim as saying, referring to the S...
Do Australians get a better mortgage deal?
Business

Do Australians get a better mortgage deal?

Commonwealth Bank was this week charging 6.34 percent for a variable rate in Australia. File photo Photo: 123RF Do Australians get a better deal on their mortgage rates? If you're part of the small proportion of New Zealanders who prefer a floating rate, the answer is probably yes. But if you prefer a fix, it's probably no. Floating rates across the ditch are lower than what New Zealanders pay. While the cash rate is 4.35 percent, Commonwealth Bank was this week charging 6.34 percent for a variable rate and ANZ was advertising 7.4 percent. But fixed rates don't look so competitive. On Friday, Macquarie was offering a two-year rate of 5.39 percent for two years and Westpac 5.89 percent, while ANZ was offering 6.54 percent. In New Zealand this week, the cash rate was 5.25 percent and ASB ...
Navy dispels concerns HMNZS Manawanui is leaking oil
World News

Navy dispels concerns HMNZS Manawanui is leaking oil

The Manawanui sank off the south coast of the island of Upolu on Saturday. Photo: Profile Boats / supplied The Navy says HMNZS Manawanui, the ship which sunk off the coast of Samoa, is not leaking oil. Navy Commodore Shane Arndell told Checkpoint on Tuesday the Manawanui was resting 30 metres underwater on a reef off the south coast of Upolu, and was not leaking. "The divers went out this morning to survey the ship ... and from what they've reported there has been nothing leaking from the ship once it sunk." There was no liquid leaking from the ship at all at this stage, he said. Manawanui is on a part of the reef, he said. "She's very stable, she's lying on her side in that depth of water and quite stable." The ship had been damaged but Arndell said he could not give any further detai...
Fabulous Lives of Bollywood Wives season 3 trailer out now!
Entertainment, Movies

Fabulous Lives of Bollywood Wives season 3 trailer out now!

Are you running low on spice? Worry not, because the queens are back with yet another season of `Fabulous Lives of Bollywood Wives`! This season promises double the drama, style, and spice, as it dives into one of the biggest rivalries of all time—Delhi vs. Mumbai.           View this post on Instagram                       A post shared by Neelam (@neelamkotharisoni) On October 18, your favourite gang returns to Netflix with a new twist! The fabulous lives of Bhavana Panday, Maheep Kapoor, Neelam Kothari Soni, and Seema Kiran Sajdeh will welcome new additions as Riddhima Kapoor Sahni, Shalini Passi, and Kalyani Saha Chawla join the mix in `Fabulous Lives v/s Bollywood Wives`.  The trailer for the new season is all things fu...
Cash-handling merger that would create monopoly given go-ahead
Business

Cash-handling merger that would create monopoly given go-ahead

A man loads boxes onto an Armourguard truck. Photo: Armourguard / supplied The Commerce Commission has allowed a merger of two firms in the cash handling and transport sector, even though it will create a monopoly for the enlarged company. It has cleared Evergreen - which runs Armourguard Security - to take over rival ACM, a part of the Linfox Armaguard Group. Both firms transport cash and other precious goods (mainly for banks) restock automated teller machines and store bulk cash. Commission chairperson John Small said it had decided competition would not be substantially lessened, given the financial position of the businesses. "It is very likely that either Evergreen or ACM would cease to operate in the near future, resulting in a single national provider of wholesale cash-in-transi...
Manawanui sinking: Samoa govt says oil spill risk biggest concern
World News

Manawanui sinking: Samoa govt says oil spill risk biggest concern

No oil leaks have been found the area where the NZ Navy ship HMNZS Manawanui sank yet, the Samoa government says. The Ministry of Works chief executive Fui Mau Simanu told RNZ Pacific that New Zealand Navy divers had been assessing the area since Tuesday morning. He said they were working alongside local police and Samoa's Natural Resources and Environment Ministry. "We haven't seen any leakage or any sort of spillage," Fui said. "But we should have a fair idea of any damage to the environment if there is any probably tonight, when the teams come back from their assessment," Fui said. Read more: 'It's my ship and I'm gutted': Former minister Ron Mark on Manawanui sinking HMNZS Manawanui: What we know about the ship's sinking An expert explains why a speedy cleanup will be crucial - and the...
TVNZ seeks to buy new technology to help it sell more ads
Business

TVNZ seeks to buy new technology to help it sell more ads

Photo: RNZ/Marika Khabazi TVNZ is lining up to buy new technology to help it sell more ads. The struggling broadcaster is planning to scrap its 1News website and invest more in TVNZ+, its on-demand platform. A tender seeking more information from the market about what it calls its 'Total TV' project closes on Tuesday. The project, to align and boost its advertising on both linear and on-demand TV, will 'transform' its capabilities, TVNZ said. It wants new technology to enable "realtime, cross-platform buying decisions and forecasting" and converged selling, optimisation and measurement of online and offline audiences for customers through a single transaction, according to a tender document. It is a significant commercial move for the company, whose revenue dropped $39m in the last finan...
Does rosemary oil really make hair grow? And can you reverse greys? A trichologist debunks hair myths
Life Style

Does rosemary oil really make hair grow? And can you reverse greys? A trichologist debunks hair myths

I have my hair icons; don’t we all. Brigitte Bardot is up there, forever making me yearn for an abundance of hair, tousled just so. Then there’s a Bond-era Sophie Marceau, hair streaming down her back, long fringe framing her face. More recently Daisy Edgar-Jones’ ‘do has made me a bit weak at the knees, the caramel lengths making her fawn eyes look even more huge.Daisy Edgar-Jones has added caramel tones to her hair ahead of a return to the West End stagePA WireYou will notice there is clearly a theme. I like a whole lot of hair, highlighted. Imperative though is the condition, and so despite coveting those women’s hairstyles with twinkly light sections woven through, I have on many occasions entirely chopped mine off simply because it was looking ratty and bedraggled and my desire for he...
Salman Rushdie announces first fiction work following stabbing
World News

Salman Rushdie announces first fiction work following stabbing

The author Salman Rushdie. Photo: TOBIAS SCHWARZ The author Salman Rushdie, who survived a stabbing in 2022 that almost took his life, revealed he is writing new works of fiction. Rushdie, speaking via videolink to the Lviv BookForum in Ukraine, told a packed auditorium and thousands more online that he is in the midst of writing three novellas. While Rushdie appeared at writers' conference to discuss his memoir Knife, a look at his recovery from the attack that cost him an eye, he also spoke about a new project that examines life's end. "When you get to this age you obviously think about how long is left," said Rushdie, who is 77. "There obviously aren't 22 more [books] that will be written. If I am lucky there will be one or two." The Indian-born British American author is taking insp...