Stories by Gyles Beckford
News
Labour's Damien O'Connor sole Kiwi face at APEC
Outgoing Trade Minister Damien O'Connor is talking up the trade positives and skirting the geo-political negatives at the APEC summit.
Shadow over APEC summit lifts, rivals US and China restore some balance
A shadow looks to have been lifted over the APEC summit in San Francisco as hosts USA and rival China looked to have restored some balance in to their relationship.
S&P: 'No reason to change' NZ's credit rating with new govt
The change of government will have no impact on the country's top-level credit rating, according to a global agency.
Doubts over whether National can deliver mini-budget before Christmas
The financial and economic impacts of the election of a National-led government will be muted in the near term as parties await for final results, which will determine negotiating partners and…
RBNZ holds the OCR steady at 5.5 percent
The Reserve Bank has held the official cash rate steady, as expected, and reiterated rate cuts are a long way off.
Election 2023: PREFU shows govt books in slightly better shape than expected
The economic outlook and government books are in slightly better than expected shape, but still face a challenging couple of years, according to pre-election forecasts issued by the Treasury.
New Zealand wins trade dispute with Canada over dairy access
An independent panel has ruled that the dairy quotas were improperly used to keep out dairy exports and protect Canada's powerful domestic industry.
Mainzeal directors lose appeal, ordered to pay nearly $40m in damages
The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal, with $39.8m in damages, plus interest, awarded against them for breaching the Companies…
Reserve Bank leaves Official Cash Rate unchanged at 5.5%
The Reserve Bank has left the cash rate unchanged, as expected, and reaffirmed rates will stay high well into next year.
Reserve Bank expected to hold OCR steady as it assesses state of inflation
Economists are unanimous in expecting no change to the official cash rate this week, but some believe inflation will be stickier than expected and by year's end, another rate rise will be needed.
Inflation falls to lowest level since late 2021
Inflation has fallen to its lowest level since late 2021, with Stats NZ reporting the annual rate dropping to 6 percent.
Reserve Bank leaves official cash rate at 5.5%
The Reserve Bank has left its benchmark official cash rate unchanged at 5.5 percent, as expected.
Sale of Auckland Airport shares: What you need to know
Auckland Council has voted to sell 7 percent of its shares in Auckland Airport to reduce its debt and limit rate rises. So what happens now? RNZ has all you need to know.
Budget spendup, migration may force Reserve Bank's hand, economists say
More government spending outlined in the Budget and a surge in migrants makes the Reserve Bank's monetary policy statement a more close-run decision.
Treasury optimistic over recession risk in Budget 2023
The government is banking on a lift in migration, tourism, and cyclone recovery to take the edge off as it forecasts hefty deficits for the next two years.
Watch: Annual inflation rate fall explained
Consumer prices rose 1.2 percent in the first three months of the year, driven by food and housing costs, but the annual inflation rate fell to 6.7 percent, well below expectations.
OCR expected go up again but end of rises may be in sight
The Reserve Bank is set to deliver another rise in the official cash rate but the end to the aggressive series of interest rate hikes may be in sight.
Levy for banks earning more than $500m needed, bank workers' union says
The union representing bank workers wants a levy on excess profits in the sector as well as a broader inquiry.
GDP falls 0.6% in three months ending December
New Zealand's economy contracted more than expected in the December quarter, with GDP falling 0.6 percent.
Banks make new record profits amid strong inflation, rising interest rates
Collective profits for the sector were $7.18 billion for the year ended December, as pressure grows for an inquiry into the level of profits banks are making.
Reserve Bank raises official cash rate by 50 basis points
Reserve Bank Governor Adrian Orr has made a monetary policy statement after hiking the official cash rate (OCR) for the 10th consecutive time since 2021.
Govt looking at targeted help for those hit hardest by cyclone
Further short-term relief measures to help those hit by floods and the cyclone will be announced soon, the Minister of Finance says.
Suncorp expecting significant claims from Auckland floods
More than 8000 claims have been sent to Vero and AA Insurance by flood victims so far.