News

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

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

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

New Zealand economy shrinks, country in technical recession

Gross Domestic Product fell by 0.1 percent.

2024-03-20T22:08:01Z

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

Ryman Healthcare CEO Richard Umbers resigns

The company's performance has been below expectations in recent times, Ryman's chairperson says.

2024-04-22T02:33:05Z

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

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

SNP high taxes ARE driving away Scotland's top earners

More than 1,000 higher and top earners have quit Scotland to escape the SNP's punishing tax regime.

2024-04-24T22:09:19Z

Why latest inflation figures are very bad news for Aussie borrowers

Australian home borrowers hoping for a rate cut soon are set to be disappointed. Financial markets have now changed their predictions to have no cut in 2024 - and another rate rise can't be ruled out.

2024-04-26T02:29:11Z

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

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

First home buyers pick up quarter of properties for sale in March

Market conditions are set to favour first home buyers for the forseeable future, according to the latest report from CoreLogic.

2024-04-23T17:38:33Z

Financial advisor welcomes Govt's home loan and lending changes, says it allows banks to use 'common sense'

The Government said it would update the Credit Contracts and Consumer Finance Act (CCCFA).

2024-04-21T22:29:41Z

Slowdown in sales, high interest rates hit business confidence

More businesses believe economic conditions will get worse in the coming year.

2024-04-08T22:56:53Z

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

Google parent Alphabet announces first-ever dividend, shares soar

The Google parent announced a dividend of 20 cents per share, cheering investors.

2024-04-25T22:46:29Z

Antony Blinken lands in China to talk trade practices and Russia support

Antony Blinken lands in China to talk trade practices and Russia support - Top US diplomat is set for fraught discussions with foreign minister Wang Yi and possibly president Xi Jinping

2024-04-25T12:40:02Z

Vendor financing of business sales skyrockets

There are still plenty of would-be business buyers in the market, but prices are under pressure says the managing director of a business brokerage.

2024-04-21T19:02:07Z

Crowdfunding service Equitise loses licence to operate

Crowdfunding investment service Equitise has lost its licence to operate.

2024-04-17T03:26:08Z

Australia's best companies to work for revealed - so is yours listed?

The eighth annual LinkedIn Top Companies list outlines which businesses are top of the pile for employee flexibility and the opportunity for career growth in Australia.

2024-04-25T07:25:43Z

'Challenging economic conditions': Air NZ announces yet another profit drop

The airline is blaming competition and cost of living pressures.

2024-04-21T22:44:47Z

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

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

Lending changes, investors still locked out: What is happening with the NZ housing market this week?

Analysis - The odds are still stacked against property investors, as market conditions continue to favour first-home buyers.

2024-04-26T18:34:56Z

Business confidence falls again, but retail expected to turn around

The latest ANZ Business Outlook survey showed headline confidence fell 12 points to a net 23 percent.

2024-03-28T02:04:52Z

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

Lower interest rates getting closer - Reserve Bank Governor Adrian Orr

The tide is turning on inflation, and RBNZ governor Adrian Orr says "we're now in a much happier space".

2024-03-27T20:19:19Z

Taupō housing development with a focus on affordable homes

Plans are proceeding for a new major housing development in Taupō.

2024-04-25T04:25:32Z

Britain's rising mortgage and rent costs laid bare in interactive tool

Rising mortgage and rent costs faced by Britons have been laid bare by new data showing how each area is vulnerable to swings in the housing market.

2024-04-25T15:12:04Z

Building product concerns dismissed: 'The industry is lacking competition'

Construction industry concerns about a potential drop in the quality of building products have been brushed aside as superficial.

2024-04-25T05:13:42Z

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

Building cost inflation slows to lowest level in eight years

The change means people building new homes and doing renovations can have more certainty, economist says.

2024-04-08T12:11:03Z

Judo Bank declares Reserve Bank will hike interest rates three times

The Judo bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.

2024-04-26T03:59:33Z

More optimism by busineses on economy - survey

More than half of business leaders are feeling more optimistic about economic outlook over the next 12 months.

2024-04-21T22:17:35Z

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

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

How homeowners are responding to huge insurance premium hikes

Homeowners are dipping into their savings or cutting their insurance back in a bid to cope with steeply rising premiums.

2024-04-09T19:28:47Z

Heartland Group plans $210m raise to buy Australian bank

The takeover will make Melbourne-based Challenger Bank the only Australian bank fully owned by New Zealand interests.

2024-04-08T00:10:13Z

Washing machine have energy-use ratings, will some homes get them too?

Energy efficiency ratings for buildings are on hold, while the government decides whether to intervene to improve the country's housing.

2024-04-16T18:40:14Z

The Australians being smashed by the biggest tax rise in the WORLD

Working Australians - already battling a cost of living crisis - have now been hit with the world's biggest income tax increases. This occurred after Labor came to power.

2024-04-26T04:44:28Z

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

Plea for KiwiSaver, major investors to back more 'green' projects

KiwiSaver and other investment fund managers should be doing more to support impact projects, an investor says.

2024-04-09T23:44:06Z

Consumer optimism plummets in Wellington

Consumer confidence has turned more pessimistic, and the capital is the most downbeat region of all.

2024-04-25T23:31:36Z

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

Foreign students 'not to blame' for dire rental market

International students are not competing directly with families in the rental market as they typically prefer inner-city apartments over suburban homes, new research suggests.

2024-04-26T06:59:50Z

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

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

'Slow grind:' Bank says economy 'treading water' but predicts OCR to drop later this year

New reports show the economy "treading water" while the number of advertised jobs sinks.

2024-03-26T17:16:27Z

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

Trending: