News

Mining firm Chatham Rock Phosphate sees share boost after making fast-track consents claim

it is second company in less than a week which the Infrastructure Minister has accused of being "misleading".

2024-04-11T07:32:19Z

Small business productivity falls sharply in December

The decline in productivity over the past 12 months has likely added pressure to the bottom lines, Xero says.

2024-04-09T18:58:46Z

Major insurance company accused of misleading customers, thousands overcharged

The FMA said the insurers failed to correctly apply advertised discounts to affected customers' invoices, resulting in overcharged premiums.

2024-03-26T00:44:53Z

Economist expects Reserve Bank to slash rates by full percentage point

It comes after the economy slipped into a recession.

2024-03-21T16:49:45Z

ASB, Kiwibank drop fixed mortgage rates again

The two large retail banks reduced fixed mortgage rates on Monday for the second time in weeks.

2024-03-10T22:31:34Z

Economy not expected to improve until mid-2025 - Infometrics

Households and businesses are being advised to keep a close eye on costs until the middle of next year, when economic conditions are expected to improve.

2024-04-18T17:57:06Z

Kiwis take advantage of record gold prices, cash in investments

Gold has historically held up well in times of high inflation, market volatility and geopolitical uncertainty.

2024-04-02T00:01:20Z

Commerce Commission wants Chorus to cut capital spending plan

Chorus says it has already pared back its spending by $200m in February to $1.3 billion.

2024-04-17T23:56:38Z

WorkSafe interim chief executive Steve Haszard resigns months into job

Steve Haszard is stepping down just months after taking the job at the beleaguered Crown agency.

2024-04-04T20:38:26Z

The Government aid coming to workers, beneficiaries and landlords from April 1

They include a small rise in the minimum wage, benefit increases and an Easter treat for landlords.

2024-03-30T18:10:51Z

Anthony Albanese flags huge changes to HECS debt

On Thursday Mr Albanese promised to make HECS 'simpler and fairer'. The Prime Minister admitted that the average student debt has skyrocketed in the past three years.

2024-04-19T03:58:22Z

'Trade with caution' warning over new NZX listing Being AI

The stock exchange regulator has taken the unusual step after a surge in the company's share price.

2024-04-05T04:44:24Z

All about index funds: How BlackRock, Vanguard became passively powerful

Cheap index funds: “It’s not much of a margin but it’s a heck of a volume.”

2024-03-03T18:09:52Z

Budget Policy Statement: Willis promises cuts despite late return to surplus

The government's books are in worse shape than thought but the Finance Minister says she will deliver.

2024-03-27T00:17:23Z

Cost of privately renting homes rises by more than 9% in a year

Across the UK, private rents increased by an estimated 9.2 per cent in the 12 months to March, the Office for National Statistics (ONS) said

2024-04-17T16:12:35Z

Trump's net worth plunges $1 billion

Some experts warn Trump Media's multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze.

2024-04-02T01:31:10Z

Major tax change for landlords confirmed - here's when it comes into force

David Seymour says it will ease pressure on rents.

2024-03-10T00:09:38Z

Economy slips into recession as GDP falls 0.1%

The economy shrank 0.1 percent at the end of last year, new official figures show.

2024-03-20T21:53:01Z

Interest rates: Borrowers try to second guess Reserve Bank

New data shows borrowers seem to have decided mortgage rates have peaked .

2024-04-17T18:11:31Z

Bank of England governor forecasts another big drop in inflation

The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.

2024-04-17T23:27:46Z

Recession, high interest rates take toll on construction industry

Tony Boyce threw "mega bucks" into his company to try keep it afloat but with no work coming in, he has to close it down for good.

2024-04-15T09:37:45Z

Why the latest inflation figures aren't all good news

The easing of the annual inflation to its lowest level in three years might be met with applause, but economists are cautious to celebrate.

2024-04-17T05:11:15Z

Why breaking your home loan contract might not be worth it: What you need to know

Explainer - As big banks reduce home loan interest rates, people might be tempted to shop around. But break fees can end up costing as much or even more than potential savings.

2024-03-14T05:10:15Z

US Federal Reserve keeps its key cash rate steady, says inflation is still too high

'Solid pace' of growth and job gains cited in Fed's decision.

2024-03-20T18:50:13Z

New Zealand economy shrinks, country in technical recession

Gross Domestic Product fell by 0.1 percent.

2024-03-20T22:08:01Z

Labour WILL need to raise taxes if it wins the next election - experts

Despite a huge increase in tax revenues in recent years it is still not keeping up with the growth in public spending, the respected Institute for Fiscal Studies said.

2024-04-17T14:57:29Z

Business performance sentiment hits record low

A positive post-election glow has given way to a gloomy economic outlook.

2024-04-17T21:11:34Z

Fonterra profit up 23% with higher margins and sales volumes

Underlying profit from the ingredients, foodservice and consumer businesses fell, but were more than offset by a gain the global markets business.

2024-03-20T21:37:59Z

Inflation drops, borrowers take a gamble: Here's what moved the housing market this week

Analysis - Increasing stock levels are giving buyers more choice, with first-home buyers and owner occupiers the most active groups.

2024-04-19T09:12:41Z

Price gap between new homes and existing houses expected to narrow

New builds have been 6 percent more expensive than existing properties but there could be a shift in demand as tax incentives dry up, a CoreLogic NZ report indicates.

2024-03-27T17:34:06Z

PGW cuts earnings forecast by $7m

Weaker agricultural market conditions have forced the rural services company to cut its full-year earnings forecast.

2024-04-18T00:26:41Z

Synlait investors crossing fingers as troubled milk producer releases first-half results

Investors will be looking for a resolution to Synlait's debt situation when it releases its first-half result Tuesday morning.

2024-03-31T17:43:27Z

'It doesn't transform things': Return of interest deductibility won't bring rents down, but could ease increases - expert

It comes after David Seymour claimed the deductions would ease pressure on renters.

2024-03-10T22:27:02Z

Salaries continue to rise despite high-profile lay-offs, dicey economic setting

While healthcare saw big jumps, advertising, arts and media is struggling.

2024-03-28T00:19:22Z

Sharesies to host online trading of Fonterra shares

Co-chief executive Leighton Roberts said the agreement offered a new line of business and should improve liquidity in Fonterra shares.

2024-04-18T05:56:55Z

Elevated inflation will likely delay rate cuts this year, says Fed chair Jerome Powell

Jerome Powell opens the door to a period of higher-for-longer rates.

2024-04-17T00:06:39Z

Te Taumata to promote wāhine Māori in tech opportunities in the UK and European markets

'We are committed to supporting the growth of wāhine Māori in technology.'

2024-04-01T18:17:58Z

Interest deductibility for landlords unlikely to see rents fall

From 1 April, landlords will be again be able to claim tax deductions for interest on residential investment properties from, but will that mean lower rents?

2024-03-31T02:11:54Z

Latest job stats show public sector cuts being felt

Trade Me data showed listings for jobs in central government were down 77 percent year on year.

2024-04-18T23:12:14Z

Royal Bank of Scotland to close 18 more branches with 105 jobs lost

Sites in Aberdeen, Edinburgh and Glasgow are among branches set to be shuttered, with 105 jobs lost. RBS, which is part of the NatWest group, serves 3.3million personal customers.

2024-04-19T11:43:33Z

Rental prices up for third month in a row, some properties reach record highs

The region with the highest rent rise may surprise you.

2024-03-27T01:47:12Z

Sharesies acquires equity management service Orchestra

Orchestra offers employee share ownership plans and share registry services to private companies in New Zealand and Australia.

2024-04-12T00:28:40Z

Simplicity takes 19pc stake in Tax Traders

Simplicity's managing director says the company is "delighted" to make the investment.

2024-03-25T19:14:41Z

Reserve Bank holds OCR at 5.5 percent

The Reserve Bank has left the official cash rate unchanged for a sixth consecutive meeting.

2024-04-10T02:14:25Z

How to get $110 off your power bill through little-known scheme

Kiwis facing higher power charges could be eligible for help.

2024-04-17T22:43:59Z

Spark tight-lipped over job cuts after restructure meeting

Telecommunications giant Spark is remaining tight-lipped over how many jobs it plans to cut after a restructure meeting with its staff on Thursday morning.

2024-03-14T04:10:08Z

About 50 Godfreys staff to lose their jobs

Workers from 11 company-operated stores will be affected by the business permanently closing in May.

2024-03-20T22:23:08Z

Former CBL boss cuts deal with Financial Markets Authority to settle case

The FMA said CBL managing director Peter Harris will admit keeping information from investors and issuing a deceptive statement to the stock exchange.

2024-03-25T00:57:56Z

Breathe slow, never start too low: Former crisis negotiator's top tips for securing a deal

Lance Burdett knows how to talk criminals down - and says when asking for a raise or buying a house, many of the same principles can be applied.

2024-04-01T04:29:29Z

Suncorp sells Asteron Life for $140m

The Australian financial services is selling its New Zealand life insurance business in a deal spanning months.

2024-04-03T22:41:06Z

Trending: