Economy

Consumer optimism plummets in Wellington

Consumer confidence has turned more pessimistic, and Wellington is the most downbeat region of all. ...

Westpac NZ reports $477 million net profit in half-year result

Westpac New Zealand made $477 million in after-tax net profits, while pre-provision profit fell 8%, ...

Slight relief for mortgage holders as bank trims rates again

ASB, one of New Zealand’s major banks, hs trimmed back some of its mortgage rates for the seventh ti...

Swarbrick accuses Finance Minister of 'let them eat cake' approach

Labour and the Greens have hit out at aspects of the Finance Minister's pre-Budget speech, labelling...

Another bank trims some mortgage, deposit rates

Kiwibank has become the latest bank to trim some of its mortgage and term deposit rates. As of today...

Opinion: Why power should be subsidised for struggling households

Opinion: Last week's big chill highlighted why New Zealand should consider "social tariffs" for elec...

Tesla's falling share price hits KiwiSaver accounts

Tesla's falling share price has hit KiwiSaver's lowest-performing fund's returns. KiwiSaver provider...

What to know about KiwiSaver hardship withdrawals

New Zealanders struggling with the cost of living have been tapping into their KiwiSaver accounts in...

Budget 2024: Willis reveals number of public service jobs chopped

Finance Minister Nicola Willis has revealed the estimated number of jobs lost from the public sector...

McDonald's controversial Wānaka plan moves one step forward

The Overseas Investment Office has given the green light for a residential block in Wānaka to be sol...

ANZ expects interest rate cuts from February 2025

The country's biggest bank believes interest rate cuts will arrive sooner than it previously expecte...

Further not guilty plea in $3.5m construction corruption case

The last of three individuals charged by the Serious Fraud Office after $3.5 million worth of Auckla...

Bank bosses to be called to account for profits in front of MPs

The pressure is on the big profit-making banks, with multiple inquiries into whether Kiwis are being...

Kiwis struggle as Reserve Bank outlines plan to cool inflation

Kiwis are continuing to do it tough amid the cost of living crisis, as the Reserve Bank today outlin...

New Zealand's monthly exports valued at all-time high

New Zealand's total monthly exports have reached an all-time high value of $7.2 billion, according t...

Cemetery fees increase 'could cause a community pushback'

An estimated $1800 hike in burial fees in Marlborough could be met with some "pushback" from the com...