News
Building downturn offers incentive for further technological innovation - report
Residential building activity in New Zealand is expected to slow over the second half of the year, which could result in more industry investment in innovation.
Commerce Commission considering action over high paywave fees
Some businesses are failing to pass on lower paywave and other card fees to consumers, despite a law change capping some rates.
House prices expected to drop further 15-20% in second half of year
January's CoreLogic House Price Index saw residential property values fall 7.2 percent over the year earlier, the biggest 12-month decline since May 2009.
Power spot prices forecast to climb as rainfall returns to normal levels
Power is forecast to cost perhaps four times more than spot prices charged in the last three months of 2022.
Trust key for consumers buying innovative items - report
Trust is the currency of innovation as most consumers will not buy from companies that fail to meet a range of expectations, according to a US magazine report.
Cybersecurity threats increasing and evolving at rapid pace - legal expert
Companies and organisations are being warned to pay more attention to cybersecurity, or face financial consequences and other risks.
Fonterra looking to expand its international recipe contest
Fonterra sees international competition as a way to bake in global demand for New Zealand butter.
New report details emerging risks for fund managers
The Financial Markets Authority has identified a number of risks for fund managers to grapple with.
Uncertain market conditions an opportunity for longer-term investors
Investors will be spoiled for choice as ongoing market volatility offers up some high-quality assets at bargain prices, say industry leaders.
Employment confidence fell in December quarter, index shows
Employment confidence fell in the December quarter ahead of a looming recession.
Otago expected to fare best during economic growth slowdown - Westpac
Regions with a high exposure to export markets, including agriculture and foreign tourism, will generally do better than others, according to Westpac's regional report.
Household debt repayments likely to be even higher next year, ASB warns
Higher debt servicing charges are expected to add about $80 a week to the average household budget by the end of the year.
Myriad of factors point to another difficult year in supply chain logistics, expert says
Supply chain challenges are expected to increase and become more complex next year, due to a long list of risks and rising costs.
Spike in business demand for faster fibre connections
Businesses are spending more on super fast, commercial grade, fibre network connections as more of their operations move online.
Hotel industry gearing up for substantial expansion
More than a dozen new facilities are under construction or due to open around the motu next year.
Short-staffed employers may finally get reprieve with expected migration
Net migration is forecast to pick up steam into next year, which Kiwibank says should be seen as a good news story for businesses crying out for staff.
Reserve Bank seeks public feedback as part of monetary policy review
The Reserve Bank wants the public's opinion on whether New Zealand should have monthly inflation data.
S&P Global Ratings warns of global debt and 'contagion risk' of loss makers
A new report warns global debt is more highly leveraged than before the 2008 Global Financial Crisis as interest rates rise and economies slow, with geopolitical tensions making matters worse.
New Zealand's tech sector's revenue and exports up 9%
The Technology Investment Network's (TIN) annual report indicates the sector grew nine times faster than the rest of economy.
How spending habits have changed since the pandemic began
Consumers are frequenting central business districts less and changing when they shop and take part in leisure activities, a Mastercard chief economist says .
RBNZ should have curbed inflation earlier - review
The Reserve Bank's monetary policy decisions were consistent with the data available at the time - but should have been tightened earlier to counter inflation, a review has found.
'We will do the work for them' - Financial Services Complaints
Many consumers are unaware free help is available when they have a complaint about a financial service, the FSCL financial ombudsman says.
Corporate reporting expected to show firms well placed for tough period ahead
The upcoming mini-corporate reporting season is expected to show most listed companies are in good shape to deal with rising costs, ongoing labour market shortages and weak consumer confidence.
Windfall tax could turn investors off, business figures say
A windfall tax on big corporate profits could detract investors from New Zealand, and is unlikely to find support with businesses, two industry figures say. Audio
Unemployment rate drop expected in this week's labour force survey
This week's Household Labour Force Survey is predicted to show the rate of unemployment has dropped, with the ongoing shortage of workers further turning up the heat on wage growth.