Economy
Timber Industry Federation on Carter Holt Harvey plans to close Eves Valley sawmill
Carter Holt Harvey is planning to shut down the Eves Valley sawmill near Nelson, with 142 jobs on the line. New Zealand Timber Industry Federation executive director Jeff Ilott spoke to Ingrid… Audio
Auckland vet receives over 400 applicants for role
Landing a job at the moment is tough, and a vet on Auckland's North Shore has shared a staggering example of how many people are out there competing for the jobs on offer. Onewa Road Veterinary… Audio
Timber industry battening down the hatches
Carter Holt Harvey is planning to shut its Eves Valley sawmill and focusing on Kawerau, with 142 jobs affected.
Evening business for 21 August 2025
News from the business sector, including a market report. Audio
Midday Report Essentials for Thursday 21st August 2025
In today's episode, the Reserve Bank cut the Official Cash Rate by 25 basis points on Wednesday, as expected; Plane spotters lined the streets of outside Whenuapai air base last night to watch the… Audio
RBNZ on cuts to the OCR
The Reserve Bank cut the Official Cash Rate by 25 basis points on Wednesday, as expected. Reserve Bank Chief Economist Paul Conway spoke to Guyon Espiner. Audio
Skellerup posts record profit
The maker of 'red band' gumboots and components for industrial and agricultural products also had record revenue.
Business banking 'a standout' as Kiwibank sees full-year profit drop
Kiwibank has posted a lower full-year profit on the back of increased costs and a fall in margins.
SkyCity reports 42% drop in underlying profit, fall in revenue
The casino operator also said revenue was down 11 percent, but reported a small net profit.
Shopkeepers upbeat following OCR cut
But experts warn it may be some time before the effects of the change start to be felt.
Why did New Zealand interest rates go higher than Australia's?
Australia's cash rate peaked at 4.35 percent. New Zealand's reached 5.5 percent.
The Brain Drain Backstory
Corin Dann and Guyon Espiner dig into New Zealand’s decades-long “brain drain” to Australia – why it happens, how politicians have tried (and failed) to stop it, and whether it’s really as bad as it… Audio
Banks start to move on home loan rates following OCR decision
A signal from the Reserve Bank that there could be two more cuts to come in the official cash rate could help drive down home loan rates over the coming weeks.
'Today is a good day': Parliament reacts to OCR cut
Cries of celebration from the government benches were heard at Parliament today, following the Reserve Bank's cut to the Official Cash Rate.
Evening business for 20 August 2025
News from the business sector, including a market report. Audio
Inflation and unemployment forceast to rise
The Reserve Bank's economic report card is out. Wholesale interest rates dropped 25 basis points to 3%, but inflation us expected to rise to 3% in September and hit its 2% sweet spot until mid next… Audio
Reserve Bank's statement a 'dovish pivot' - ANZ
The official cash rate has been cut by 25 basis points to three-year low of 3 percent.
'Illustrates the uncertainty': Reserve Bank on cutting cash rate to three-year low
The central bank shaved another 25 points off but once again the rate-setting body could not reach consensus on the decision.
Midday Report Essentials for Wednesday 20th August 2025
In today's episode, the Reserve Bank is expected to cut the Official Cash Rate for the first time since May when the central bank makes its call at 2pm on Wednesday; A blind New Zealander has launched… Audio
