News
Three Waters policy: Standard & Poors biding its time over adjusting credit ratings
The global ratings agency says it does not yet have enough information to change its credit ratings for New Zealand or local government bodies.
ANZ advises consumers to reach out as interest rates and uncertainty increase
New Zealand's biggest bank is urging consumers to ask for help sooner than later as interest rates move up in line with last week's hike in the Reserve Bank's official cash rate (OCR).
New data gathering to help map out tourism hot spots
Regional tourism organisations have a new tool to help them better plan for growth with a monthly snapshot of visitor patterns, including how things have changed during the pandemic.
Scales to buy share of two Australian businesses
The diversified agri-business group Scales Corporation is investing about $A27 million ($NZ30.9m) to expand its Australian business.
Rural services sector boasts optimistic outlook heading into spring - report
Rural service provider PGG Wrightson (PGW) says the outlook for the sector is positive heading into spring.
Service sector activity soars as tourists return
Activity in the services sector is at its highest level in nearly a year and a half, following the return of tourists and easing of travel restrictions.
Fonterra optimistic year-end profits 'at top end' of expectations
Fonterra's full-year earnings are expected to reflect the upbeat outlook for the dairy sector it set out in a recent update to the market.
'Effects aren't being felt equally': Small businesses hit hardest
Big business appears to be navigating the winds of economic change far better than small operators dealing with challenges on a number of fronts.
Housing market slump turnaround unlikely before mid-2023
A turnaround in the current housing market slump is unlikely until the middle of 2023, as ongoing inflation is expected to drive fixed mortgage interest rates higher.
Investor aims to double $400m New Zealand hotel portfolio
Pro-Invest chair and chief executive Ron Barrott says New Zealand is still one of the world's most desirable tourism destinations and the primary driver behind its plan for growth.
Economic growth data due this week, forecasts range widely
Economists are making a wide range of forecasts for gross domestic product growth as the latest quarterly figures are about to be released.
Health tech sector adds 1200 new jobs
The fast growing health-tech sector has added more about 1200 jobs last year, employing many low-skilled workers.
Lack of hotel developments outside biggest city could impact tourism
A sharp downturn in the number of hotel developments could lead to shortages in popular tourist destinations outside of Auckland.
Few choices in retirement for those without significant savings - report
Inflation means pensioners relying on superannuation alone are finding it impossible to make ends meet, a new report says.
Trust touts zero interest loans for NZers in financial hardship
A community finance group is calling for millions of dollars to be invested in zero-interest, small personal loans to help the poorest of the poor denied credit by mainstream lenders.
House prices: 'Negative equity doesn't need to be a disaster'
Some home buyers are already experiencing negative equity in their home as market prices continue to decline.
Travel industry scrambles to gear up for return of more visitors
A battered travel industry is a shadow of its former self, with many smaller operators unable to survive more than two years of closed borders and lockdowns.
Govt plan aims to boost manufacturing sector investment, productivity
The government is looking to boost the productivity, investment, employment and export potential of the manufacturing sector with its Advanced Manufacturing Industry Transformation Plan (ITP).
Fund manager fees reducing benefits to investors - FMA study
Value for money is hard to find when it comes to the fees paid by investors to fund managers.
Coordination is key in big Auckland transport plans - CEO
The infrastructure industry says the handling of the tender process for two big Auckland transport projects is exactly what it has been asking for over the past few years.
Z Energy buyout attracts Commerce Commission scrutiny
The Commerce Commission is considering whether Mobil Oil's plan to buy Z Energy's jet fuel assets would substantially lessen downstream competition in the market.
Auckland Airport spending $300m on new transport centre, baggage system
The long-awaited construction of Auckland Airport's combined domestic and international terminal is a step closer as two critical infrastructure projects get underway.
Volatile market: Retail investors urged to sit tight
Small retail investors should sit tight and get financial advice before responding to volatility in global markets, including New Zealand's.
Unemployment expected to drop lower when new labour market data revealed
First quarter labour market data to be released on Wednesday is expected to show unemployment fell to around 3 percent from a record 3.2 percent in the last three months of 2021.
Corporate bonds back in fashion on back on rising interest rates
Corporate bonds are coming back into fashion as rising interest rates and uncertain economic conditions push companies to find alternatives to bank finance.