News
Fund managers predict mixed corporate earnings season
The upcoming corporate earnings season is expected to be mixed with some companies more exposed to the downturn in the local economy than others.
ANZ Bank reports rise in net profit
The country's biggest bank has posted a steady first-half result reflecting a challenging economic environment that is expected to continue for the rest of the year.
Westpac's profit holds up in face of downturn in economy
The bank's net profit rose 11 percent in the six months ended March over the year earlier.
Businesses most concerned about weakening demand for goods and services - report
In a shift, the report says the economic outlook has moved "from an extremely negative position to a largely neutral one".
Renters, realtors upset at scrapping of bill to regulate property managers
Renters and realtors are upset with a government decision to scrap a bill meant to regulate property managers over concerns about unethical and unlawful behaviours.
Retailers, manufacturers and other businesses struggling amid economic downturn
High interest rates and persistant domestic inflation are the biggest drags on business outlook.
'Transparency is the key' - warning over undisclosed tax debts
Businesses and consumers are being warned to beware when lending or advancing payments to businesses, with many thousands of businesses carrying undisclosed tax debts.
The rise in New Zealanders working past retirement
Superannuation kicks in at 65, but people are staying in work longer, with the average age rising.
Building product concerns dismissed: 'The industry is lacking competition'
Construction industry concerns about a potential drop in the quality of building products have been brushed aside as superficial.
Vendor financing of business sales skyrockets
There are still plenty of would-be business buyers in the market, but prices are under pressure says the managing director of a business brokerage.
Commerce Commission wants Chorus to cut capital spending plan
Chorus says it has already pared back its spending by $200m in February to $1.3 billion.
AI skills linked to higher salary, productivity, new jobs - report
Generative AI could dramatically boost overall productivity with workers in line for much bigger salaries, a global tech giant says.
Are we underprepared and overconfident about cyber attacks?
The threats are much bigger than ransomware and phishing, a new index indicates.
Tech industry plans for lower-emissions future
NZ Tech has come up with a plan to help businesses use tech to cut emissions and potentially save the economy billions of dollars.
Energy sector upgrades unaffordable, unachievable, trade association says
Major energy users say New Zealand needs to challenge current thinking on how best to meet carbon emission targets.
"Infrastructure isn't a nice to have - it's a must" - ASB
NZ has underinvested in core infrastructure for years - well below the average OECD spend, a new report says.
Starboard Maritime Intelligence attracts weighty backers for expansion plans
The marine software firm's software was designed to tackle illegal fishing, trans-national crime and prevent biosecurity outbreaks.
Dairy company Synlait makes $96m first-half loss
Dairy company Synlait has made a $96 million first half loss, and announced a review of its North Island assets.
Synlait investors crossing fingers before first-half results released
Investors will be looking for a resolution to Synlait's debt situation when it releases its first-half result Tuesday morning.
Entry barriers for digital bank start-ups too high in NZ, fintech service says
A fintech service says the government needs to take action on the Commerce Commission's draft report on personal banking to make it easier for new digital banks to compete.
Warehouse slams ComCom's dismissal of Weet-Bix complaint
The retailer laid the complaint over Sanitarium's decision to quit supplying it with the breakfast cereal.
Plans to regulate online gambling welcomed by SkyCIty
The government's plans to regulate and tax online gambling will help level the playing field, says SkyCity, which has been operating its online casino from Malta for the past five years.
Consumer credit: 'Kiwis are finding it harder to pay their bills'
Demand for consumer credit is increasing, though arrears are continuing to increase.
NZ not as well globally connnected as it used to be
A drop in trade and international passenger traffic has seen the country slip in a global index.