Money
Australian inflation surges in last quarter; interest rates tipped to rise
Australia's inflation rose at its fastest annual pace since 2014 in the December quarter as fuel and housing costs led broad-based price pressures.
Midday Business News for 25 January 2022
News from the business sector, including a market report. Audio
Economic abuse: 'We've also heard of threats ... if they didn't take the debt' - BNZ
One of the country's major banks says it is finding a concerning number of instances of economic abuse, including people being saddled with someone else's debt, or having no control over their…
Total compensation for state landlord's neighbours remains unknown
Kāinga Ora has declined a request for the information on the basis it did not centrally record the total amount of compensation paid out for those breaches.
Bank finds 12,000 abusive online transactions
One of the country's major banks says it's finding a concerning number of instances of economic abuse, including people being saddled with someone else's debt, or having no control over their… Audio
Covid-19: Stocks, oil, cryptocurrencies fall
Stocks, oil and cryptocurrencies have fallen overnight in the US. The situation in Ukraine and worries ahead of a US Federal Reserve announcement later this week is being blamed.
The S&P 500 fell 2.4… Audio
New law effective at reining in worst lending practices - budget advisors
Budget advisors say a controversial new lending law is helping to clamp down on predatory practices in the financial sector.
Tonga eruption: World Bank contributes $12 million in aid
The World Bank has given about $12 million New Zealand dollars to Tonga, following the devastating volcanic eruption and tsunami nine days ago.
About 85 percent of the population has been affected… Audio
Midday Business News for 24 January 2022
News from the business sector, including a market report. Audio
NZ sharemarket wobbles as Omicron emerges
The New Zealand sharemarket is having its worst session in nearly a year.
Did getting a mortgage just get even harder?
Changes to the Credit Contracts and Consumer Finance Act (CCCFA) regulations came into effect in December and the headlines this month have been dominated by anecdotal stories of issues they have… Audio
Tomato prices doubled over a year
The price of tomatoes has doubled over the past year.
Statistics New Zealand says the summer staples cost $3.30/kg in December 2020, but by the end of last year, they were $6.61/kg.
Grocery foods… Audio
ANZ forecasts Official Cash Rate to be lifted to 3% next year
The country's biggest bank is forecasting the Official Cash Rate to be lifted to 3 percent by April next year - the highest since 2015.
The factors at play driving up what you pay at the fuel pump
Taxes, a global supply and demand issue, and a reduction in gas exploration are all contributing to pain at the pump - and commentators say it's only a matter of time before $3 a litre will be the…
Supermarkets stockpile and industries crisis plan ahead of Omicron community outbreak
People could see themselves with less beer and less money to save on big ticket items like televisions if an Omicron outbreak disrupts supply chains.
Would-be homeowners face banks pulling pre-approvals
Potential home buyers are being warned they could face their pre-approvals being declined or withdrawn for months to come. Audio
Summer business down in Northland under red light settings
After a relatively quiet summer, Northlanders are calling for regional financial support to keep businesses open and people employed.
The region remains under the red traffic light, and some don't… Audio
Northland businesses call for financial help
After a relatively quiet summer, Northlanders are calling for regional financial support to keep businesses open and people employed.
The region remains under the red traffic light, and some don't… Audio
Cutting up credit cards is best financial resolution - accountants
Cutting up your credit card might be the best financial resolution you make this year.
While most new year resolutions involve health and fitness goals, Chartered Accountants ANZ recommends… Audio
All New Zealand suburbs experienced house price growth in 2021
Every suburb in the country recorded an increase in median house price values last year, including one where house prices jumped by more than $650,000.
