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Business headlines with summaries.
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Kiwis well-served for mobile services - Commerce Commission
The mobile sector has been serving New Zealanders reasonably well and not in need of any further regulation at this stage, the Commerce Commission says.
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Goodman Property makes strong profit
Goodman Property Trust made a $200m gain in the value of its property portfolio.
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Readings present revised plan for Courtenay Central
The company that owns Courtenay Central in Wellington says it has big plans for redeveloping the complex - which is closed due to earthquake risks.
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Today's business news: What you need to know
Chorus revamps its subcontracting arrangements, migrant numbers continue to rise, and the government reallocates Free Fees money.
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NZX falls as US-China trade war escalates
The local sharemarket has followed global markets and taken a hammering this morning as the US-China trade dispute escalated.
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Air New Zealand executives' pay to be frozen
"Eye-watering" increases in the price of jet fuel is significantly affecting Air New Zealand, chief executive Christopher Luxon says.
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Auckland house sales drop 16 percent in April
House prices are up in most parts of the country, but the volume of sales is down to the lowest level in five years for the month of April.
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Analysis: What the OCR cut means for you
The Reserve Bank has cut the official cash rate in an attempt to stimulate the economy. RNZ Business Editor Gyles Beckford analyses if it will work.
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Liquidators called in to hacked cryptocurrency business
The Christchurch-based cryptocurrency exchange that was hacked earlier this year has been placed in liquidation.
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Vodafone NZ sold to private investors for $3.4b
New Zealand's largest mobile company Vodafone has been sold to local infrastructure investor Infratil and Canadian investment firm Brookfield for $3.4 billion. Audio
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CBL placed in liquidation amid claims it could have been saved
Two directors of CBL Corporation say a restructuring plan could have saved the collapsed insurance group.
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Global ice cream giant buys Tip Top for $380m
New Zealand dairy co-operative Fonterra has confirmed the sale of its Tip Top brand to global ice cream giant Froneri for $380 million.
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Uber drops 7.6% on sharemarket listing debut
Uber's conservative initial public offering could not keep its shares from sinking in their trading debut, fueling debate on Wall Street over whether it would weigh on other tech giants.
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Uber IPO share price values company at $US82b
Uber has set the sale price for its shares which are due to list on the New York Stock Exchange tomorrow, in what is expected to be one of the biggest share floats of the year.
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Vodafone NZ may be sold to private investors
Vodafone New Zealand may be sold to private investment firms rather than through a share float.
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New Zealanders positive about tourism - survey
Traffic congestion, littering and road accidents are what worry kiwis about tourism - but most are positive about it.
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Today's business news: What you need to know
In today's business news - Truck movements on New Zealand roads increase and South Island businesses' outlook is positive.
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'We're actually getting ahead of the cycles' - Reserve Bank on OCR cut
The Reserve Bank governor says he cannot yet say if another official cash rate cut will be needed. Audio
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PGG Wrightson shareholders to receive $235m through share buyback
The rural services company is to return $235 million to its shareholders through a share buyback.
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OCR cut: A small boost for home buyers, a setback for retirees
For most New Zealanders, a drop in the official cash rate is a double-edged sword.
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Business Bytes - Why has Trade Me left the share market?
TradeMe was officially de-listed from the New Zealand Stock Exchange yesterday after it was bought by a private equity firm. Audio
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Decision calls 360 Coromandel mining jobs into question - company
Doubts are being raised about the future of mining in Coromandel after the Overseas Investment Office declined a mining company's bid to buy land for expansion.
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Reserve Bank cuts OCR to 1.5%
The Reserve Bank has cut its benchmark interest rate for the first time in more than two years as it tries to stimulate growth and protect against a slowing world economy.
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Today's business news: What you need to know
In today's business news - TradeMe is delisted from the New Zealand stock exchange and the RBNZ cuts the official cash rate.
