Midday Report

The head of air carrier, AirAsia X, says the biggest risk facing the industry is government-backed airlines that have no mandate to deliver a profit. Audio

The recently listed courier and transport company, Fliway Group, has seen its share price rise more than 10 % this morning, after it lifted its profit guidance by up to 20 %. Audio

Accounting software company, Xero, says its customer receipts are up 62 % over the year earlier, driven by strong demand for its product. Audio

The number of building consents for new dwellings was up a seasonally adjusted 2.3 % in December, the same growth as the month before. Audio

Pregnant New Zealand athletes are advised not go to this year's Olympics. and Federated Farmers says the North Canterbury drought is almost over. Audio

News from the rural and farming sectors. Audio

The New Zealand rugby sevens coach Gordon Tietjens says some of his players, including Sonny Bill Williams, still aren't at the fitness levels he'd like them to be at. Audio

The national airline carrier, Air New Zealand, carried just over 1-and-a-half million passengers last month. Audio

For the latest from the markets we're joined by James Grigor at Macquarie Private Wealth. Audio

New Zealand's annual trade deficit narrowed in December, and was slightly smaller than was expected. Audio

The dairy co-operative, Fonterra, says tough overseas conditions have forced it to cut its payout forecast Audio

The Reserve Bank held its benchmark cash rate steady, but signalled it would cut further if needed. Audio