Stories by Gyles Beckford
News
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…
US central bank kicks off interest rate cuts
The Federal Reserve has cut interest rates by a bigger-than-expected 0.5 percentage points in its first reduction in more than four years.
Economy goes backwards again
The economy shrunk by 0.2% in the June quarter and for the year.
Synlait shareholders decide it's 'worth saving'
Shareholders have voted overwhelmingly to approve a range of measures to restore its finances and save the company.
Mortgage rate battle continues as another bank cuts home loans rates
Banks are following the market's biggest lender, ANZ, as it cuts rates.
Inflation pressures show signs of easing, consumers still reluctant to spend
A slew of Stats NZ data showed food prices rose 0.2 percent in August on July, but the annual rate eased to 0.4 percent.