business
Crown accounts show OBEGAL surplus of $2.304 bln for 11 months to May; Treasury says Govt on track for Budget forecast of $668 mln surplus for full 2015/16 year
5th Jul 16, 10:02am
Crown accounts show OBEGAL surplus of $2.304 bln for 11 months to May; Treasury says Govt on track for Budget forecast of $668 mln surplus for full 2015/16 year
PM says Arthur Grimes' call to build 150,000 new houses in Auckland to produce a 'supply shock' that drives prices down 40% is a 'crazy idea'; says home owners don't want equity values to fall; says it would hurt banks
4th Jul 16, 6:58pm
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PM says Arthur Grimes' call to build 150,000 new houses in Auckland to produce a 'supply shock' that drives prices down 40% is a 'crazy idea'; says home owners don't want equity values to fall; says it would hurt banks
Central Government to create temporary fund to pay for roads and pipes in high growth cities such as Auckland, Christchurch, Tauranga, Hamilton and Queenstown; Councils will have to repay funds or buy back infrastructure after houses built
3rd Jul 16, 12:33pm
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Central Government to create temporary fund to pay for roads and pipes in high growth cities such as Auckland, Christchurch, Tauranga, Hamilton and Queenstown; Councils will have to repay funds or buy back infrastructure after houses built
Shewan Inquiry into foreign trusts recommends stronger initial registration rules and need for annual returns with distribution details; Revenue Minister plans to stop 'excessive payments' by local units to foreign parents
27th Jun 16, 3:05pm
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Shewan Inquiry into foreign trusts recommends stronger initial registration rules and need for annual returns with distribution details; Revenue Minister plans to stop 'excessive payments' by local units to foreign parents
PM doesn't see OCR cut on August 11 more likely after Brexit vote; says RBNZ still forecasting 3%-plus growth; Wheeler still has buffer, but Brexit no reason to cut by itself, he says; New FTA needed with UK post Brexit
27th Jun 16, 10:29am
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PM doesn't see OCR cut on August 11 more likely after Brexit vote; says RBNZ still forecasting 3%-plus growth; Wheeler still has buffer, but Brexit no reason to cut by itself, he says; New FTA needed with UK post Brexit
GDP grew 0.7% in March quarter compared with consensus forecasts of 0.6%
RBNZ leaves OCR 2.25% as most local economists expected; Wheeler says NZ$ 'higher than appropriate'; says Auckland house prices 'very high' and more housing supply needed'; says 'further policy easing may be required'
9th Jun 16, 9:11am
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RBNZ leaves OCR 2.25% as most local economists expected; Wheeler says NZ$ 'higher than appropriate'; says Auckland house prices 'very high' and more housing supply needed'; says 'further policy easing may be required'
The latest Chinese trade data strongly suggests China is turning away from economic reform, going back to its investment-led growth model. Money leaks out at an increasing rate
9th Jun 16, 8:55am
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The latest Chinese trade data strongly suggests China is turning away from economic reform, going back to its investment-led growth model. Money leaks out at an increasing rate
Treasury warning Govt that surge in temporary work visa arrivals and working foreign students lowering skill levels of migrants and pressuring productivity and wages; Peters calls for sharp cuts in migration; Little eyes changes; Key denies issue
7th Jun 16, 5:03pm
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Treasury warning Govt that surge in temporary work visa arrivals and working foreign students lowering skill levels of migrants and pressuring productivity and wages; Peters calls for sharp cuts in migration; Little eyes changes; Key denies issue
English warns highly indebted home buyers about risks of higher interest rates and lower net migration; says ANZ's tightening of lending criteria suggests market near 'risky level'; doesn't want US, Irish-style slump
7th Jun 16, 12:23pm
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English warns highly indebted home buyers about risks of higher interest rates and lower net migration; says ANZ's tightening of lending criteria suggests market near 'risky level'; doesn't want US, Irish-style slump
ANZ tightens lending criteria for rental propery investors; lowers maximum LVR levels; stops lending to investors buying sections, apartments off the plan; removes combined collateral exemption for Auckland investors so no new loans above 70% LVR
3rd Jun 16, 5:14pm
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ANZ tightens lending criteria for rental propery investors; lowers maximum LVR levels; stops lending to investors buying sections, apartments off the plan; removes combined collateral exemption for Auckland investors so no new loans above 70% LVR
Smith puts out National Policy Statement that requires high growth Councils to open up 15% more land than is forecast to be required; NPS to be in place by Oct and back up Unitary Plan; Smith sees Commissioner for Auckland not needed
2nd Jun 16, 12:31pm
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Smith puts out National Policy Statement that requires high growth Councils to open up 15% more land than is forecast to be required; NPS to be in place by Oct and back up Unitary Plan; Smith sees Commissioner for Auckland not needed
Labour and Green parties sign first ever Memorandum of Understanding to work together to change Government
31st May 16, 4:22pm
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Labour and Green parties sign first ever Memorandum of Understanding to work together to change Government
Key says the National Policy Statement on urban land use will direct Auckland Council to release land if it fails to meet targets
27th May 16, 3:57pm
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Key says the National Policy Statement on urban land use will direct Auckland Council to release land if it fails to meet targets
Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
26th May 16, 3:45pm
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Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
Elizabeth Kerr looks deep inside Budget 2016 to find...not much. There's big new taxes for smokers, but nothing for wage earners. IRD's computer builders are winners, but there's not much for housing
26th May 16, 2:14pm
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Elizabeth Kerr looks deep inside Budget 2016 to find...not much. There's big new taxes for smokers, but nothing for wage earners. IRD's computer builders are winners, but there's not much for housing
Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
25th May 16, 3:46pm
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Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
Labour calls on Govt to abolish Auckland's Rural Urban growth Boundary and relax density controls in upcoming National Policy Statement; also calls for new way to fund infrastructure for developments
18th May 16, 1:00pm
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Labour calls on Govt to abolish Auckland's Rural Urban growth Boundary and relax density controls in upcoming National Policy Statement; also calls for new way to fund infrastructure for developments
Electricity Authority proposal for new transmission pricing system would raise power bills in Auckland, Northland, Ashburton and Westland by up to NZ$100/yr; Tiwai Pt smelter charges to drop NZ$21 mln a year
17th May 16, 11:48am
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Electricity Authority proposal for new transmission pricing system would raise power bills in Auckland, Northland, Ashburton and Westland by up to NZ$100/yr; Tiwai Pt smelter charges to drop NZ$21 mln a year
Key says Govt looking at $3 bln tax cut, either in Budget 2017 or before 2017 election; still committed to cutting net debt to 20% of GDP
16th May 16, 4:42pm
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Key says Govt looking at $3 bln tax cut, either in Budget 2017 or before 2017 election; still committed to cutting net debt to 20% of GDP
Finance Minister says Govt expects Auckland Council to approve Unitary Plan that caters for housing supply growth needs; says August vote on Plan 'probably the single biggest issue for house prices across the country'
12th May 16, 7:16pm
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Finance Minister says Govt expects Auckland Council to approve Unitary Plan that caters for housing supply growth needs; says August vote on Plan 'probably the single biggest issue for house prices across the country'
RBNZ says increasingly concerned about Auckland housing resurgence; says seriously considering new Macro-Prudential measures to improve financial stability; looking at debt-to-income ratio limits
11th May 16, 12:00pm
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RBNZ says increasingly concerned about Auckland housing resurgence; says seriously considering new Macro-Prudential measures to improve financial stability; looking at debt-to-income ratio limits
Housing Minister says LINZ data showing 3% of home buyers were overseas tax payers settles debate over foreign buyers; says no need for land tax on foreigners on this data
11th May 16, 8:59am
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Housing Minister says LINZ data showing 3% of home buyers were overseas tax payers settles debate over foreign buyers; says no need for land tax on foreigners on this data
Finance Minister says RBNZ takes financial stability seriously and will use lending control tools if needed; says he assumes RBNZ will use controls if needed; has been advised generally on RBNZ plans, but watch for more direction tomorrow
10th May 16, 11:42am
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Finance Minister says RBNZ takes financial stability seriously and will use lending control tools if needed; says he assumes RBNZ will use controls if needed; has been advised generally on RBNZ plans, but watch for more direction tomorrow
PM says Government to accelerate introduction of second round of Anti-Money Laundering rules to include solicitors, accountants and real estate agents after Panama Papers; Dunne concerned about reputational damage to NZ from tax haven talk
9th May 16, 7:25pm
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PM says Government to accelerate introduction of second round of Anti-Money Laundering rules to include solicitors, accountants and real estate agents after Panama Papers; Dunne concerned about reputational damage to NZ from tax haven talk