Stories by Anan Zaki
News
Warner Bros. Discovery lost $138m in 2023 before Newshub closure
The owner of New Zealand television channel Three posted a hefty loss last year, as advertising revenue fell sharply and as it wrote down the value of assets.
Milk company prepares for vote with survival on the line
The company's survival is on the line.
'As bad as it can get': Services sector activity slumps
Activity is at its lowest level since the August 2021 lockdown, and significantly below the long-term average.
China wants New Zealand's help to join free trade agreement
But New Zealand is limited in how it can assist the world's second-biggest economy join 12 countries in the CPTPP, a trade expert says.
Lack of demand 'number one problem for businesses'
The new economic reality has hit a growing number of companies as they reveal significant hits to their earnings and profits. Audio
Seeking screen time: Impacts of Covid-19 pandemic still being felt at movie theatres
A New Zealand cinema chain says the industry is yet to recover to pre-pandemic levels, with not enough consistent revenue coming through its doors.
Households face more uncertainty, struggle with mortgage repayments
The Reserve Bank is warning there's a risk global interest rates could stay higher for longer.
Inflation set to cool, but not enough for Reserve Bank's expectations
Annual inflation looks set to cool further, but the numbers are still set to come in hotter than the central bank's expectations.
Interest rates expected to be slashed
As the economy slips into a recession, economists are forecasting the Reserve Bank will sharply cut the official cash rate.
Economy slips into recession
The economy shrank 0.1 percent at the end of last year, new official figures show. Audio
Air New Zealand 'record-high domestic airfares' called out
Airports are hitting out at Air New Zealand's domestic airfares and are calling for ticket prices to be independently monitored.
Air NZ suspends Chicago services after Rolls-Royce engine headaches
The airline says three planes will be unavailable for an extended period.
Godfrey Hirst eating into Bremworth's market shares, CEO says
Bremworth continues to struggle to meet demand after damage to its Napier yarn plant from Cyclone Gabrielle.
ERoad appoints second chief executive in unusual move
The New Zealand tech company is taking the unusual step of appointing a second chief executive to help run the business.
Global central banks will 'hang tough' on interest rates, Reserve Bank governor says
Adrian Orr says they will have to hang onto higher interest rates for longer than financial markets have been expecting.
Will interest rates go up this week?
What economists think will happen when the Reserve Bank reviews the OCR.
Inflation expectations concerning - Orr
The Reserve Bank governor says there's a risk predictions of higher inflation will become self-fulfilling.
ANZ New Zealand net profit down
ANZ New Zealand has seen a drop in full-year profit as it feels the effects of a tougher second-half. Audio
All eyes on earnings results for NZ's top listed companies
The final earnings season of the year swings into action this week, with investors and analysts paying close attention to what will be a health check on the broader economy.
Auckland investment advisor issued stop order for 'dishonest' activities
The Financial Markets Authority has issued an interim stop order against former journalist turned investment advisor David McEwen..
Foodstuffs proposes merger of two co-ops
The country's biggest supermarket operator wants to merge its various businesses into a single national co-operative.
ACC reports bottom-line surplus, increase in investment portfolio value
ACC's annual report showed its investment fund grew to $46.9 billion, driven by positive investment returns.
Highly-indebted households likely to experience 'pockets of stress' - RBNZ
New Zealand's financial system remains strong as it adjusts to higher interest rates, but the central bank warns a greater share of households will feel more pressure.
Shareholders fume over Auckland Airport delays
Grumpy shareholders have grilled Auckland Airport over long queues and delays faced by international passengers.
Travel sector bouncing back in post-Covid recovery
The tourism and travel sector results are expected to show the industry's Covid recovery in full swing, but not quite back to pre-pandemic levels.