Money
Falling sales and rising wages: Inflation hits small firms
Small business sales have fallen to their lowest level since September last year, as consumers feel the rising cost of living.
Smaller retailer hopeful grocery industry ultimatum will lead to 'fair deals'
Convenience store chain Night 'n Day is pledging to pass on to customers any savings it makes through wholesale grocery deals with the two big supermarket chains.
KiwiBank believes housing shortage has halved in last year
In housing news, KiwiBank believes the country's housing shortage has more than halved in the last year falling from an estimated 57,000 homes to 23,000.
That's in part due to the country building… Audio
Government expected to announce supermarket wholesale changes
The Government is expected to use another tool from it's arsenal to tackle the increasing cost of living.
It's anticipated the next the next step in supermarket reforms will be announced later today… Audio
Nelson insurance broker mucking in on clean-up
Fifteen houses are red stickered and hundreds more are yellow in Nelson - with many people unable to return home.
There's also widespread, massive damage across the top of the South Island with farms… Audio
TradeMe data show house prices fall 6% from peak
The latest data from TradeMe show house prices have fallen six percent since peaking earlier this year.
Auckland has had the biggest fall dropping $102,000 since March this year.
TradeMe's property… Audio
Money expert Liz Koh : home ownership in a falling market
Liz talks to Kathryn about whether now is the right time to buy a home and what it means when you have negative equity in your house or apartment. Liz Koh is a money expert. This discussion is of a… Audio
Mayoral relief funds in devastated regions to receive another $200,000
The government is giving a further contribution to mayoral relief funds across Nelson Tasman and Marlborough, the Minister for Emergency Management says.
America's Cup: Sir Michael Fay, club veterans quit over Barcelona move
Veteran America's Cup campaigner Sir Michael Fay has resigned from the Royal NZ Yacht Squadron, in protest at the Cup's defence going offshore. He talks to Lisa Owen. Video, Audio
Developer creates fund to build and buy apartments and townhouses
NZX-listed Winton Land has partnered with Australian lender MaxCap in a new $200 million development fund.
'An eroding effect on the public': Top speed camera target cut over possible reaction
The Transport Agency expects new speed cameras to triple the number of drivers caught, increasing from 1 million to 3 million offences a year.
Increase in interest income adds impetus to Kiwibank result
Kiwibank has delivered another solid full-year result, despite lending levels slowing as the housing market cools down.
Reserve Bank raises OCR to highest level in seven years
The Reserve Bank raised the official cash rate by 50 basis points to 3 percent, as expected, to its highest level in seven years.
Auditor Grant Thornton walks away, adding to NZAI's woes
Embattled NZ Automotive Investments has been hit with another setback, as its external auditor has bolted for the exit.
Insurance could cost $100k per year for some properties in future
Imagine paying $100,000 a year just to insure your house.
That's the reality facing some homeowners in the near future, according to a climate economist and modeller.
Climate Sigma managing director… Audio
Reserve Bank expected to raise OCR again today
The Reserve Bank is expected to deliver a fourth consecutive 50 basis point rise in the official cash rate later today.
This would take the OCR to a seven-year high of 3 percent, as the Reserve Bank… Audio
Government grappling with flood insurance question
An expert in climate risk is predicting in just 20 years a million dollar property on the Petone foreshore in Wellington could cost $100,000 dollars a year to insure.
Belinda Storey, from Climate… Audio
Freeze on rent increases should return, says Human Rights Commission
A housing inquiry found rents are rising faster than income and inflation and about half of tenants spent 30 percent or more of their take-home income on housing.
Temporary stop order placed on Wisdom House Investments
A stop order has been placed on a finance company and its director by the Financial Markets Authority, to prevent them giving financial advice or dealing in investments and assets.
Calls for buy now, pay later schemes to be regulated
Pressure is mounting for buy now, pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people. Audio
