Stories by Gyles Beckford
News
Businesses remain upbeat despite slight dip in confidence
Firms report a lift in sales and expectations of further improvement.
Economy in recession after big drop in GDP
The economy has had its worst six months since 1991, outside the pandemic, with two quarters of significant drops.
Government books will stay deep in the red until 2029
And Nicola Willis has adopted a new measure for its finances, excluding the impact of ACC, which it said distorted previous forecasts.
Commerce minister proposes capital market shake-up
The government wants to broaden the range of potential investments for Kiwisaver and make it easier to list on the stock exchange.
Greymouth Petroleum confirms significant gas find in Taranaki
One of the country's biggest oil and gas producers says it has had a significant gas find in Taranaki.
Canadian company finds more gas in Taranaki's field
Further testing will be needed to assess the full extent of the supplies.
Reserve Bank cuts the Official Cash Rate by 50 points to 4.25%
The cut brings the cash rate to its lowest level since November 2022. Audio
Air New Zealand earnings hampered by lack of planes
A lack of planes and a mixed travel market are set to reduce Air New Zealand's half-year result.
Economic recovery to happen later than first thought
Treasury's chief economist has warned a weaker economic outlook means a delay in a return to growth.
Government's policies dragging out recession, economists say
Slashing the budget deficit and reducing public debt are making matters worse for households and businesses, they say. Audio
Weak economy forecast to continue this year, more positive prospects for 2025 onwards
This year is set to be a write off for the economy, but the prospects for 2025 and beyond have a rosy glow about them.
Fonterra pushes ahead with sale of Anchor, Mainland brands
The dairy giant has decided to go ahead with the sale of its consumer business.
'Economic data is dire': Fund manager says 75 point OCR cut needed
Greg Smith of Devon Funds wants a jumbo-sized cut to the official cash rate at the Reserve Bank's last meeting of the year due in a couple of weeks.
More mortgage defaults likely with higher unemployment - RBNZ
The financial sector is strong enough to cope with the shocks, according to a new Reserve Bank report.
The controversial tenure of Fonterra boss Theo Spierings
Spierings, who died over the weekend, was a high-profile chief tied to Fonterra's global ambitions and whose paycheque was never far from public debate.
Could be mid 2026 before sparks of life in economy
It won't be until mid-next year that some sparks of life are seen, economic consultancy says.
Inflation hits lowest level in 3.5 years
Economists expect the Reserve Bank to continue slashing rates, with another 50 basis point cut expected next month. Audio
Can the Reserve Bank claim victory over inflation? What economists say
The Reserve Bank should be able to break out the 'Mission Accomplished' banner this week when inflation returns to the safety of its target band.
'Not in great shape' - New figures reveal Budget deficit growing
The government's finances are worse than expected amid a slowing economy and growing expenses.
Reserve Bank gives in to pressure with massive OCR cut
Analysis - The Reserve Bank could not hold off from growing outside chatter as it dropped the OCR to an 18-month low today, Gyles Beckford writes.
Fonterra's full year profit eases back
It was lower than last year's record high, but still topped the billion dollar mark.
KiwiSaver 'coming of age' with strong growth in savings
KiwiSaver funds have grown at their fastest rate in four years, surging through the $100 billion mark, but with increases in those drawing down for retirement, buying houses, hardship and leaving the…