Money
Midday Business News for 3 November 2021
News from the business sector, including a market report. Audio
COP26: Major pledges made overnight
There have been two major pledges made overnight at COP26 - an end and reversal of deforestation by 2030, and slashing emissions of the greenhouse gas methane - also by 2030.
They were made at the… Audio
House prices shot up as expectation for drop looms
The pace of rising house prices unexpectedly quickened last month, just as the head of the Reserve Bank says they should start falling.
Wellington renters frustrated ahead of pre-Christmas rush
Wellington renters are becoming increasingly angry with the poor state of many of the capitals flats as the city heads into the pre-Christmas flat-hunting season.
Tenants are leaving unhealthy and… Audio
Why NZ is spending $60 million getting to the Dubai Expo
The Detail - Expo 2020 kicked off in Dubai last month, with New Zealand predicted to get an eventual $313m benefit to its economy - a figure which may be revised upwards.
Westpac earnings lift strongly with net profit up 69%
Westpac New Zealand full year earnings are up strongly, reflecting a large turnaround in provisions for bad debts.
Midday Business News for 1 November 2021
News from the business sector, including a market report. Audio
COP26: James Shaw not looking forward to attending conference
Climate Minister James Shaw says he is not looking forward to attending the massive UN climate conference where he will have to do battle with the large polluting countries.
Tens of thousands of… Audio
House prices surging in Christchurch
After years of slow growth, property prices in Christchurch are all of a sudden surging ahead and fast catching up with the rest of the country.
Figures from Quotable Value show the Garden City… Audio
Mortgage lending restrictions not expected to cool market much
Restrictions on the property market are getting tougher as loan-to-value ratio restrictions come into place.
From 1 November, the amount of lending banks can make to owner-occupiers with small… Audio
$15m in extra funding to help students get through 'tumultuous time'
The government is investing nearly $15 million in helping Auckland students get back on track after weeks of disruption.
Former All Black denounces INEOS deal
Former All Black Bob Burgess is one of more than one hundred Kiwis denouncing New Zealand Rugby for its six-year sponsorship deal with the global chemical group INEOS.
Critics say the company is… Audio
Banks need government inquiry - Sam Stubbs
Banks are coming under fire for their big profits.
Yesterday ANZ reported a profit of $1.92 billion, up 44 percent on last year.
Kiwisaver provider Simplicity chief executive Sam Stubbs says it's… Audio
Glasgow gears up to host COP26 summit
Glasgow is gearing up to host the world's most powerful leaders ahead of 26th Climate Change Conference or COP26. The two-week summit is set to begin on 31 October. More than 30,000 people are… Audio
Air NZ to dip into govt standby fund after latest Covid-19 restrictions
Air New Zealand is set to make another substantial call on the government's standby fund, as it also mulls whether to allow only fully vaccinated domestic travellers to fly.
ASB Bank's Financial Wellbeing survey finds customers better prepared for latest lockdowns
The survey of more than half a million customers found, despite the improved average cash balances, 40 percent of customers had less than $1000 available to spend.
Electricity retailer wants state-owned generator
A close observer of the electricity sector says the Government must intervene to force big firms to give up assets and make way for a state-owned generator.
An Electricity Authority report out on… Audio
Midday Business News for 27 October 2021
News from the business sector, including a market report. Audio
Tiwai smelter getting good power deal at consumers' expense
Consumers are paying up to $200 more for power each year, subsidising a deal for the Tiwai Point smelter to continue.
An Electricity Authority review has focused on the smelter's role in electricity… Audio
Canterbury councils' comms spending skyrocketing
The amount councils are spending on keeping in touch with Cantabrians has gone up by as much as 82 percent in the past six years.
Figures released to RNZ show increases in the communications budgets… Audio
