Stories by Anan Zaki
News
Dunedin company verifying the origin of products raises US$57m in funding
Oritain is looking to expand its reach with the funding, after strong demand from Europe and the United States.
'Early days' in possible Eroad takeover - but some shareholders not happy
A repeat of the recent Pushpay saga could be possible as transport software company Eroad evaluates a takeover offer, the Shareholders' Association says.
'We've got nothing to hide': Banks will engage with probe but don't think it's needed
Banks say the sector is already competitive as the industry faces a government-ordered market study conducted by the Commerce Commission.
NZ in recession as GDP falls for second quarter
The latest data on gross domestic product shows New Zealand's economy is now in recession.
Auckland Airport says airlines are posting 'healthy' profits, can afford price hikes
Auckland Airport says airlines can afford its increasing charges. They typically pass on additional costs to customers through airfares.
Infratil to take full ownership of One NZ in $1.8b deal
The infrastructure investor currently owns about half of One NZ, formerly Vodafone.
New Zealand start-up launches AI powered investment platform
A New Zealand start-up has launched an artificial-intelligence powered investment platform, allowing everyday investors to use the technology when making investment decisions.
Mini-earnings season to offer economic health check
About 20 companies are set to report over the next two weeks, offering an insight into how firms are coping in the current inflationary environment.
Kiwi retailer HealthPost buys two Australian competitors
New Zealand natural health and beauty products retailer HealthPost has snapped up two Australian competitors after their parent company went broke.
Reserve Bank confident economy still robust despite mortgage stress
The country's financial system is still in good shape although some households are feeling the stress of higher mortgage repayments, the bank says.
Labour shortages, inflation pressures put squeeze on construction companies
There are signs greater distress could be on the way for the construction sector, with margins tightening and project cancellations on the rise.
Supie says suppliers' requests 'clearly price-fixing'
An online grocery start-up is standing firm after it says it faced pushback from multiple suppliers about their retail prices.
New Zealand's critical infrastructure vulnerable to hackers - Cyber security expert
An international cyber security expert believes New Zealand's critical infrastructure remains vulnerable to hackers, and warns consumers will pick up the tab as firms face costly system upgrades.
Briscoes Group aware of economic uncertainty despite announcing record profit
Managing director Rod Duke says it will be difficult for Briscoes to replicate its full year profit.
Z Energy revenue hits $6b but profits still tracking below pre-Covid-19 levels
The country's biggest fuel retailer says it is still in recovery mode as profits track below pre-Covid levels, despite higher prices boosting revenue.
How Air New Zealand went from crash landing to stratospheric
Analysis - As the walls of Covid-19 closed in on the global aviation sector in 2020, Air New Zealand prepared itself for turbulence.
Higher unemployment rate prompts banks to lower OCR forecast
Signs of a softening labour market has prompted big banks to revise down their forecast official cash rate hike this month, with a 50 basis point rise now widely expected.
Tough year for local sharemarket - but not all doom and gloom
The local sharemarket has had a tough 2022 but an investment analyst says there's a "bit of optimism" over prospects for next year.
Governor accepts RBNZ engineering recession, says sorry for 'economic shocks'
The Reserve Bank says it is trying to engineer a recession to bring down high inflation. The quicker it goes down, the less likely there's prolonged low or negative growth, the governor says.
Reserve Bank tipped to hike official cash rate to 4.25%
The Reserve Bank is set to deliver the biggest hike in the official cash rate in more than 20 years on Wednesday, as it looks to step up its fight against rampant inflation.
Markets to remain in turmoil amid investor anxiety
Financial markets are set to remain volatile as investors fret over the long term inflation risk.
Air New Zealand dismisses report of merger with Virgin Australia
Air New Zealand is denying it is in merger talks after a report in The Australian newspaper.
Kiwibank government ownership a setback for competition, fund manager says
Kiwibank risks becoming a "zombie bank" under direct government ownership, according to a KiwiSaver fund manager. Audio
Employment prospects for Pasifika worsened during pandemic- study
The Covid-19 pandemic has worsened labour market disparities between New Zealand European and Pasifika people.
Reserve Bank changes put financial stability as its core role - analyst
The running of the Reserve Bank faces its biggest shake-up in decades today as a board of directors takes control from an all-powerful governor.