Economy

Diverse group of leaders named to advise Government on pumping up the economy

Air NZ's Christopher Luxon will chair the Business Advisory Council.

Fletcher Building sign and logo

Fletcher Building scraps Steel & Tube takeover

Rejection of enhanced $315.4 million offer sent target's shares plummeting from a four-month high.

NZ shares face hefty losses as US stock market drops further

The New Zealand benchmark top-50 index has fallen 82 points or nearly 1 percent in early trading.

House sales drop nationwide, September figures lowest since 2011

"There simply weren't as many properties for sale resulting in a very quiet start to spring," says REINZ's boss.

FILE- This Jan. 4, 2018, file photo shows the interior of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 10. (AP Photo/Mark Lennihan, File)

US stocks suffer worst loss in eight months as tech companies plunge

"The tax cuts juiced earnings this year and that's not sustainable."

Greens expect big spend after Government posts $5.5 billion surplus

"What point is ... [a surplus] ... if you've still got people living in cars and garages?" James Shaw asks.

01:56
The Government’s books revealed a $5.5 billion surplus, well up on what was predicted.

Government posts $5.5 billion surplus, numbers employed up, average wages rise

The Finance Minister says a strong surplus and growing economy show the coalition is managing the books responsibly.

AA’s Mark Stockdale analyses what exactly motorists are paying for at the pump.

Government urged to cut taxes on petrol to 'speed up' the economy

A foreign exchange expert expects the dollar to keep falling until at least after Christmas, pushing up petrol prices even further.

00:50
The plan, developed by six Ministers, focuses on six priority areas.

Action plan will address NZ's 30,000 construction worker shortfall

Construction Minister Jenny Salesa said it's an important first step in delivering the skills needed for the future.

02:48
The first of three fuel tax increases over the next three years comes into effect at midnight.

Queues at petrol pumps in rush to beat latest price hike

The first of three fuel tax increases over the next three years is coming into effect overnight.

01:50
It comes after months of talk of low business confidence.

Corin Dann's analysis: Amid a month of political turmoil, NZ economy a big bright spot for the Government

The Opposition has been spoilt for choice in its attacks, but that could be changing.

New Zealand hundred dollar bills.

OCR remains unchanged, expected to stay at 1.75 per cent through to 2020

Reserve Bank Governor made the announcement today.

01:16
Jacinda Ardern gave Kiwi businesses trading in Iran an assurance the Government is ‘doing everything we can to support the work they do’.

Government moves to support Kiwi businesses trading with Iran as its relationship with US worsens

The Presidents of US and Iran traded insults at the UN General Assembly.

00:20
Eyes are on the country’s financial performance this morning, with ASB tipping strong quarterly growth.

Strong growth expected in GDP figures to be released this morning

Two of the banks are tipping strong quarterly growth.

20:03
The Prime Minister gave details of the Government plan during a speech in Auckland.

Jacinda Ardern outlines Government's top 12 priorities for New Zealand over next 30 years

The Prime Minister outlined the plan during a speech in Auckland today.

Auckland, New Zealand - January 11, 2014: New Homes on January 11, 2014. House prices are booming around New Zealand - with the average price of an Auckland city home rocketing to $735,692.

Auckland’s median house price increases for the first time in six months

Excluding Auckland, the media house price went up 6.2 per cent annually with three regions breaking records.

A mixture of New Zealand Bank notes and coins.

New Zealand dollar falls to two-year low against British Pound

It comes as a EU's chief negotiator says a Brexit deal may be reached by as early as November.

02:06
The former Prime Minister said there was a group “that just doesn’t like Labour being in Government.

'Without doubt there's a bias'– Helen Clark says there's a 'vocal' sector of business community 'against Labour'

However, Simon Bridges said the current Government is "killing" small to medium sized businesses.

00:37

Watch: Simon Bridges slams Government's '153rd working group' after fair pay announcement

Jacinda Ardern said a working group has been set up to look at fair pay agreements at a business breakfast today.

01:38
It’s job for the next three months is to deepen the port at the Canterbury settlement.

Mega-dredging ship set to begin Lyttelton Port deepening work

But local surfing groups and iwi are concerned about the project's environmental impact.

Filipino construction workers exploited in New Zealand - 'We made life terrible for them'

Filipino workers were paid up to $16 less per hour than their colleagues from New Zealand, despite having years or decades of experience in their trade.

'If I ever got impeached, I think the market would crash' - Donald Trump addresses the elephant in the room

"Without this thinking, you would see numbers that you wouldn't believe in reverse," Trump told Fox and Friends this morning.

01:51
Research has been carried out by tourism agencies into why people don’t want to work in the industry.

Tourism industry moves to attract more young workers to stave off threat to NZ's biggest earner

Research found young people perceived tourism as "low-wage" and a subject for "drop outs".

01:47
Housing NZ will only lease homes build after 2000, but critics say it’s a ludicrous position in the current housing climate.

‘It’s a dopey policy’ – Auckland home owner stunned after state landlord rejects offer of a house for the homeless

Housing NZ will only lease homes build after 2000, but critics say it’s a ludicrous position in the current housing climate.

The OKC big man discussed his improving golf game ahead of his charity event in August.

New NBR Rich List: Steven Adams and his $50m joins some familiar names

It is the NBA star's first time on National Business Review's annual ranking.

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