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Thai cannabis company says projected economic benefits won't materialise
A Thailand cannabis company believed its low-priced imports may eventually undercut New Zealand's cannabis market, and investors were not being properly warned. But New Zealand's current draft laws proposed a...
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Air New Zealand to strengthen finances in first half of 2021
Air New Zealand says if there is no further bad news caused by the pandemic, it will plan to raise fresh capital by the middle of next year.
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Test case needed over business interruption insurance - law firm
A test case to tease out the fine print in business interruption insurance policies would be helpful, as similar cases are heard overseas, according to one of…
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Sir Stephen Tindall steps down from The Warehouse board
The Warehouse founder Sir Stephen Tindall stepped back from board three years ago and will not be seeking re-election in November.
Business headlines with summaries.
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Auckland most pessimistic region about keeping jobs - survey
Labour market confidence remains deeply depressed as people face the prospect of being out of work when the wage subsidies come to an end.
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Fashion giant Hallenstein Glasson holds up during lockdowns
The clothing retailer group Hallenstein Glasson has reported a robust full year profit of $27.8 million, down only slightly on last years' $29m, despite the Covid-19 lockdowns in New Zealand and…
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FMA tells finance firms to up their game
The Financial Markets Authority is running out of patience with some firms, telling them they've had long enough to sort out governance and compliance issues.
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Fringe towns will soon become 'Zoom towns' - property analyst
Property analysts are predicting New Zealand's beach towns will soon become 'Zoom towns' as remote working and cheaper property prices attract city workers out to the coast. Audio
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Westpac Australia settles money laundering case for $1.3 billion
Westpac in Australia has reached a deal to settle more than 23 million alleged breaches of anti-money laundering laws by paying a $1.3 billion penalty - the biggest in Australian corporate history.
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Business leaders keen to ensure climate action stays on agenda
More than 150 business leaders have joined forces to ensure that climate action does not fall by the wayside amid the economic disruption caused by the coronavirus pandemic.
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Kiwibank to pay some home loan customers in ComCom settlement
Kiwibank is to pay $5.2 million to 48,000 home loan customers after it admitted its systems and disclosure policies were inadequate.
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Funding for Lending - how it pushes down your mortgage and term deposit rates
The Reserve Bank is considering a new funding for lending programme to encourage lower interest rates on loans for New Zealanders. Audio
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'A lot of businesses are really concerned for their future'
Uncertainty, job losses, and business closures are being anticipated for restaurants, bars and cafes with the wage subsidy winding down. Audio
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Reserve Bank keeps OCR at 0.25%
The Reserve Bank has left its benchmark interest rate unchanged at a record low 0.25 percent, and signalled it's ready to take further action probably before the end of the year.
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KiwiSaver funds used to back local tech start-ups
Kiwi Wealth KiwiSaver members will be helping back local tech start-ups through a $54m investment from the fund into a venture capitalist company.
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Māori businesses focusing more on profits in pandemic - survey
The pandemic has prompted Māori businesses to pay greater attention to their finances although they remain closely focused on their social and environmental priorities.
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Government urged to clear up ambiguities around wage subsidy rules
Employers have been accused of taking advantage of badly worded wage subsidy rules and not paying workers what they are due.
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Covid-19 impact: Next six months seen as the real test for NZ banks
Profitability of the country's banks has taken a significant hit from the Covid-19 pandemic but the worst may be yet to come, according to a new report.
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Kathmandu reports sharp reduction in profit
Outdoor goods company Kathmandu has reported a sharply reduced profit as Covid-19, the costs of a new business, and accounting changes ate into its earnings.
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STA Travel used customers' money to cover wages, rent
STA Travel has been using New Zealand customers' deposits for overseas holidays to cover company wages and office rent, Checkpoint can reveal. Audio
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Plug pulled on 2021 Marlborough Wine and Food Festival
Organisers of next February's Marlborough Wine & Food Festival have pulled the plug early.
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FMA takes action against finance firm
The Financial Markets Authority has temporarily banned the brokering and financial advice firm CLSA Premium NZ from offering derivatives to retail investors.
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NZ banks named in global leak defend process
The BNZ bank has reviewed the transactions it sent, that were flagged as suspicious and identified through leaked documents, and says it has no concerns over how they were handled.
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New Zealand couples stressing about money - survey
A fifth of New Zealanders are experiencing problems in their relationships because of financial concerns, according to a survey.
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Covid-19: Tourism's loss is agritech's win
The Agritech sector has been given the money and resources it needs to step-up its international profile and lift its export earning potential.
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Southern businesses want robust policy from political parties
Southern businesses are calling for more certainty ahead of an election finance debate in Queenstown tonight.
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Visa changes, border exemptions for specialised workers
The government has announced more border exemptions and visa changes to help get specialised workers in the country and fill labour shortages in key sectors.
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Publicly-listed companies face cyber attacks
The target for cyber attacks has shifted from the New Zealand stock exchange to the companies listed on it.
