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Business headlines with summaries.
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Another major bank cuts home loan rates
13 Aug 2025BNZ has followed ANZ in dropping some fixed mortgage rates ahead of next week's OCR announcement.
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Vape brands bypass marketing regulations to target young people
13 Aug 2025Globally, one of the main drivers in increasing numbers of young people vaping is the promotion of vapes on social media.
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ASB Bank posts steady profit as expenses offset lending gains
13 Aug 2025Chief executive Vittoria Shortt said the result showed the slower overall economy and financial pressures customers, but conditions were improving.
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What you might not know about natural disaster insurance
13 Aug 2025And a warning from the Natural Hazards Commission. Audio
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Napier Port reports strong third-quarter revenue growth
13 Aug 2025It was underpinned by an increase in container volumes, improved margins and cost control.
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Photography company Kodak on the verge of closing
13 Aug 2025In the 1970s Kodak was responsible for 90 percent of film and 85 percent of camera sales in the United States.
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Quake-damaged hotel to become five-star Sheraton
12 Aug 2025The building was badly damaged in the 2011 earthquake and has sat abandoned ever since.
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Reserve Bank of Australia cuts interest rates for third time this year
12 Aug 2025Tuesday's cut follows a further easing of inflation in the June quarter.
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Overseas company wants to buy stake in NZ red meat co-operative
12 Aug 2025Irish company Dawn Meats Group wants to buy a 65 percent stake for $250 million.
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SkyCity Entertainment cleared to hold South Australia's only casino licence
12 Aug 2025An inquiry was initiated in 2022 amid concerns the Adelaide establishment had been lax in policing anti-money laundering rules.
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How much money do you need to be happy?
12 Aug 2025Probably less than you think, a new study has found. Audio
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Controversial mine fast-track bid stalled
12 Aug 2025Te Kuha Mine on the West Coast failed to meet seven of the application criteria.
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Restaurant Association concerned many hospo positions left off list of new visas
12 Aug 2025The Restaurant Association is concerned about workforce shortages after many of its jobs were left off the list of new visas. Audio
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One in five businesses reporting losses
12 Aug 2025Economists say the situation may become worse before it improves.
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Government urged to provide subsidies to replace gas heaters
A subsidy scheme for homeowners to replace gas and inefficient heaters with heat pumps would save the country $1.5 billion a year, the Green Building Council says. Audio
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Spark to sell 75% stake in data centre to Pacific Equity Partners
12 Aug 2025Telecommunications company Spark is selling a 75 percent stake in its data centre business for $705 million.
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Truckometer data shows economy trying to shift out of low gear
12 Aug 2025The economy is trying to shift out of low gear, as a key production indicator posted gains last month.
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PGG Wrightson more than triples its full year profit
12 Aug 2025The rebound in export prices, improved farmer confidence and spending drove an improvement in PGG Wrightson sales and profits.
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Economy to pick up despite high inflation and unemployment, experts say
12 Aug 2025Economists from Westpac Bank are also predicting the Reserve Bank is close to ending interest rate cuts.
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Industrial gas users hobbled by falling supply, rising prices
12 Aug 2025Businesses relying on gas for manufacturing and processing are facing crisis with jobs, services and their future on the line, according to a survey.
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ANZ cuts home loan rate, predictions others will follow
The country's biggest bank said it would cut its one-year fixed rate special by 16 basis points to 4.79 percent.
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Co-operative Bank replacing system, looks to take on big four
11 Aug 2025It chose UK-based 10x Banking to lead the replacement of the system.
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KiwiSavers may be missing out on crypto currency returns, firm says
11 Aug 2025Swyftx says many advisors are reluctant to recommend crypto currencies to clients.
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