Economy

00:22
CEO Rachael de Mesurier is concerned that it could see efforts to alleviate poverty diminished.

Oxfam urges Tax Working Group to reduce growing wealth gap - 'It's not good for New Zealand'

New statistics released by the organisation show the top one per cent continues to take the majority of new wealth created.

A mixture of New Zealand Bank notes and coins.

Kiwi dollar below US73c, shrugs off govt shutdown

Fourth quarter inflation data on Thursday is the key domestic event this week.

Trade Minister David Parker.

Trade Minister David Parker off to London, Switzerland

Mr Parker says New Zealand is a natural partner for the UK.

New Zealand currency fifty dollar note money

NZ dollar steadies after sharp fall

Meanwhile the greenback gained after upbeat comments from the US Federal Reserve.

02:09
A review is underway and Treasury is promising the mistake is a one-off.

Government insists 'naturally disappointing' Treasury botch up won't impact child poverty plans

Treasury said a coding error led to an overstatement on child poverty projections.

Children’s Commissioner Judge Andrew Becroft says more needs to be done to combat child poverty.

Treasury admits it got numbers wrong on child poverty projections

The errors affect the assessment of the Government's Families Package announced in December 2017.

Melbourne, Australia - August 24, 2017: A pedestrian walks past a Michael Hill jewelry store at the corner of Little Collins and Elizabeth Streets in the Central Business District of Melbourne, Australia.

Michael Hill jeweller struggles in US

But overall the company lifted revenue by 4.7 per cent.

New Zealand currency fifty dollar note money

NZ dollar heads for weekly gain

The kiwi rose to A92.03c from 91.37c and advanced to 53.53 British pence.

A mixture of New Zealand Bank notes and coins.

Kiwi dollar falls against Aussie on stronger retail

Looking ahead, markets will be interested in the US producer price index overnight.

NZ's top selling car of 2017 revealed

Kiwis continue to buy more SUVs and pick-ups than hatches and sedans.

A mixture of New Zealand Bank notes and coins.

Kiwi up in Asia as US dollar out of favour

The US dollar has struggled to gain traction so far this year.

New Zealand currency fifty dollar note money

Kiwi dollar up as commodities lift

"Commodities have been rallying across the board, and that's putting some pressure on the [US] dollar."

00:29
The new Prime Minister will be laying out her 100 day plan after a Cabinet meeting next Tuesday.

Politics keeps business world on its toes in 2017

Analysts and economists ended the year relatively upbeat about 2018, but they have to unexpectedly deal with a Labour government.

Silver Fern farms could soon be controlled by a Chinese company, prompting concerns about the future of meat processing.

Silver Fern Farms workers to strike after failing to negotiate pay rise

The decision to strike had been taken after mediation had failed, E tu union says.

02:20
National warns the changes could result in added costs for business and therefore job losses.

Business leaders brace for impact of new employment law changes

Some say they may need financial help to deal with the changes.

US currency.

Kiwi edges higher as USD remains unloved amid possible concerns of US tax reform

It underpinned support for commodity-linked currencies such as NZD.

Kiwi rises to two-month high after US confidence falls

The NZD benefited from gains in commodity-linked currencies.

01:45
Today, members of the Wellington Phoenix lent a land to help deliver some good cheer.

'Genuinely in desperate need' – demand soars for city missions around NZ to provide Christmas cheer

Members of the Wellington Phoenix lent a land to help deliver some good cheer.

01:56
Friday's spending spree has been a record-breaker, Paymark says.

Huge day for Christmas shoppers with 179 transactions a second on 'crazy' day of spending

Paymark's figures for Eftpos report there were 600,000 transactions between 12-1pm.

02:35
The opposition, however, says the families package is less ambitious than what it had proposed.

Mini budget 'a Christmas present' for families - Charities welcome package to tackle child poverty

UNICEF says the families package is just what it has been advocating for.

05:29
Phil Twyford says the new legislation will not affect genuine migrants, and is designed to dampen housing speculation.

Foreign buyer ban government's first step in making housing affordable and giving young Kiwis 'a crack at their first home'

The Housing Minister says the changes are designed to address a forecast boost in the market.

Facebook to pay tax in countries it operates in instead of funnelling it through Ireland

It made more than $1 million profit in New Zealand in 2015 and paid just $43,000 in tax.

00:30
The National Party leaders says the government’s upcoming mini-budget will reveal a 'lack of money remaining'.

Bill English says Labour's free year of tertiary education won't leave money for other policy promises

The National Party leaders says the government’s upcoming mini-budget will reveal a ‘lack of money remaining’.

02:26
Finance Minister Grant Robertson said there was “great potential” for private-public-partnerships, as well.

Auckland's transport future includes alternatives to scrapped East-West link, says Finance Minister

Grant Robertson says the government "will make an investment in the corridor but it won't be the $2 billion option".

01:55
It seems getting into the Christmas spirit has become too expensive for some retailers.

A quarter of shops are snubbing Christmas decorations - survey

While some stores aren’t readily spreading the Christmas cheer, marketing experts say decorations do influence how we shop.

02:13
Firms are unfazed as the Reserve Bank's acting governor warns the virtual currency looks like a bubble.

Reserve Bank sceptical as Bitcoin surpasses value of NZ economy

While retail transactions using the digital currency are rare, investment is growing more popular in NZ.

02:09
One of the world's biggest mobile money apps is looking to expand into Wellington, to make it easier for Chinese tourists.

Cashless mobile payment method used by 370 million Chinese possibly heading to Wellington

One of the world's biggest mobile money apps is looking to expand into Wellington.

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