News
New government will clear path for tech companies - Collins
National's Judith Collins is promising to remove hurdles holding back innovation and growth for tech companies.
Progress on open banking but consumer data still at risk - Payments NZ
Open banking in New Zealand will struggle to achieve scale without legislation to protect consumers' data rights, Payments NZ says.
From K Road to Monaco: app for collectors wins Entrepreneur of the Year
David Yu's win will take him to Monaco next year to compete with winners from 50 other countries for the world title.
'Lacklustre growth' in rural economy over third quarter - report
Regional economic momentum is waning as the primary sector slowdown hits rural communities.
Mainfreight positive despite first-half dip in profit
Slowing global trade has battered the first half profits of the transport company.
NZ investors continue 'keeping faith' in startups
New Zealand investors are continuing to back startup ventures, defying a high level of volatility in the investment market.
Cyber attacks for $30 - intelligence expert
A global intelligence expert says cyber threats are rapidly growing in number and sophistication - designed to cause chaos or leave victims millions of dollars out of pocket.
Public-private partnerships needed to fix $5 trillion 'infrastructure gap'
The private and public sector will need to work in partnership (PPPs) to meet the estimated $5 trillion of infrastructure required for New Zealand and its four regional partners over the next few…
Unemployment rises to 3.9% - up from 3.6%
The Reserve Bank is expected to react positively to the latest labour market data, with employment growth weaker than expected.
NZX's bear market status blamed on lack of AI stocks
The NZX opened on Tuesday at 10,742 points, compared with its peak of 13,644 on 8 January 2021.
Online grocer Supie in voluntary administration, with $3m in debt
The voluntary administrator says the company, which employed 120 people, has run out of cash.
Ongoing wage pressures could result in lift to OCR - economists
Third quarter labour market data is expected to show ongoing wage pressures, increasing the risk of another hike in the Reserve Bank's official cash rate.
Renewables targets likely to be missed without funding, market reforms - report
A new report suggests unrealistic targets and uncertainties will make it difficult to meet 2030s renewable energy targets.
'BGC's allegations are unfounded' - Fletcher Building boss on leaking pipe claims
Fletcher Building is defending itself against claims made by a Western Australian building company about leaking pipes, installed between 2017 and 2022, and affecting about 12,000 homes.
Construction costs continue to ease as home consents fall
Master Builders says building costs are coming down but are unlikely to make a material difference to the price of a new house.
Fletcher Building withdraws resolution asking for fee increase for board
The board of Fletcher Building has withdrawn a resolution asking for an increase in its directors' fee pool in the face of shareholder pressure.
Shareholders to vote over sale of nine bars and restaurants
Pub and restaurant owner Good Spirits Hospitality is asking shareholders to approve the sale of its assets, to head off legal action by creditors.
Morningstar: Quality stocks undervalued but further downside risk in market
The equity research firm said stocks had retained their value amid market volatility, high inflation and interest rates but further downside risk remained.
Biotech industry calls for government to make regulatory reforms
The biotech industry says the next government must give the sector some urgent attention with a focus on regulatory reform to make up for lost ground.
Election outcome unlikely to change economy greatly in short term - economist
The tax and spending plans of Labour and National are unlikely to change the economic direction of the country in the short-term, an economist says.
High interest rates, inflation driving down commercial property investments
Commercial property investment has been hit by high inflation and interest rates thereby leaving institutional investors on the sidelines for the first half of 2023.
Promise to help new supermarkets enter NZ not favoured by smaller retailer
Labour says it will do more to help new players enter the grocery market, but one of the mid-size existing players thinks the idea is too expensive and unlikely to succeed.
Retailers see clouds on the horizon as consumers exercise caution
Listed retailers have reported profitable results over the latest reporting season, but the outlook is for tough times ahead.
Southern Cross health insurance premiums to rise
Southern Cross Health Society says it will be increasing the price of health insurance, amid rising costs, increased claims and a need to increase its capital reserves.
