business
Treasury publishes Long Term Fiscal Position forecasts; repeats 2013 warning that net debt will blow out to around 200% of GDP by 2060 without changes to NZ Super indexation and age
22nd Nov 16, 6:32pm
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Treasury publishes Long Term Fiscal Position forecasts; repeats 2013 warning that net debt will blow out to around 200% of GDP by 2060 without changes to NZ Super indexation and age
PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
21st Nov 16, 11:14am
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PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
21st Nov 16, 11:02am
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John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
USB stick inventor tells Kiwi mums to encourage their kids to be entrepreneurs and build start-ups, rather than becoming lawyers and accountants; suggests following Israel's example on tech investing subsidies
18th Nov 16, 5:06pm
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USB stick inventor tells Kiwi mums to encourage their kids to be entrepreneurs and build start-ups, rather than becoming lawyers and accountants; suggests following Israel's example on tech investing subsidies
Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
17th Nov 16, 6:33pm
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Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
17th Nov 16, 1:49pm
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Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
15th Nov 16, 4:05pm
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Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
15th Nov 16, 1:06pm
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Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
14th Nov 16, 6:31am
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7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
RBNZ Governor says economy already growing strongly enough to create necessary inflation; no need for extra help from Government with fiscal stimulus; Wheeler says open to NZ$ intervention
10th Nov 16, 7:43pm
RBNZ Governor says economy already growing strongly enough to create necessary inflation; no need for extra help from Government with fiscal stimulus; Wheeler says open to NZ$ intervention
RBNZ cuts OCR by 25 bps to record low 1.75%; forecasts OCR to be flat from here; but says may have to adjust policy again given international uncertainties
10th Nov 16, 9:13am
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RBNZ cuts OCR by 25 bps to record low 1.75%; forecasts OCR to be flat from here; but says may have to adjust policy again given international uncertainties
New Statistics NZ research shows household livings costs rose twice as fast for beneficiaries and poor than for the rich and faster than CPI; lower interest costs help homeowners; high rents hurt poor
8th Nov 16, 4:02pm
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New Statistics NZ research shows household livings costs rose twice as fast for beneficiaries and poor than for the rich and faster than CPI; lower interest costs help homeowners; high rents hurt poor
Paula Bennett and John Key announce $303.6 mln package of spending on emergency housing, including buying and leasing motels and building pre-fab homes; also $100 mln loan for Housing NZ; but deny crisis
7th Nov 16, 6:53pm
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Paula Bennett and John Key announce $303.6 mln package of spending on emergency housing, including buying and leasing motels and building pre-fab homes; also $100 mln loan for Housing NZ; but deny crisis
Stats NZ says inflation was in fact 0.3%, not 0.2% in September quarter, with annual rate 0.4% rather than 0.2%
7th Nov 16, 12:07pm
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Stats NZ says inflation was in fact 0.3%, not 0.2% in September quarter, with annual rate 0.4% rather than 0.2%
Finance Minister cautious about Reserve Bank hopes for Debt to Income multiple limits; say looking closely at unintended consequences; Key says Auckland housing market stabilising; points Mt Roskill voters to low interest rates
2nd Nov 16, 7:12pm
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Finance Minister cautious about Reserve Bank hopes for Debt to Income multiple limits; say looking closely at unintended consequences; Key says Auckland housing market stabilising; points Mt Roskill voters to low interest rates
Justifying delay of new bill, Justice Minister warns extending Anti-Money Laundering regime to real estate agents, accountants and lawyers could cost home owners NZ$1.6 bln over 10 yrs; Labour accuses Govt of going soft on policing dirty money from China
2nd Nov 16, 5:17pm
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Justifying delay of new bill, Justice Minister warns extending Anti-Money Laundering regime to real estate agents, accountants and lawyers could cost home owners NZ$1.6 bln over 10 yrs; Labour accuses Govt of going soft on policing dirty money from China
Jobs grew 35,000 or 1.4% in Sept quarter, but unemployment fell just 3,000 and jobless rate falls to 4.9% from 5.0% after participation rate jumps 0.4% to record-high 70.1%; wage growth still subdued
2nd Nov 16, 10:55am
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Jobs grew 35,000 or 1.4% in Sept quarter, but unemployment fell just 3,000 and jobless rate falls to 4.9% from 5.0% after participation rate jumps 0.4% to record-high 70.1%; wage growth still subdued
Justice Minister denies that lobbying from real estate agents has delayed round 2 of anti-money-laundering reforms; says still on track for passing of legislation by mid-2017; but backs off earlier aim to introduce legislation in 2016
1st Nov 16, 12:46pm
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Justice Minister denies that lobbying from real estate agents has delayed round 2 of anti-money-laundering reforms; says still on track for passing of legislation by mid-2017; but backs off earlier aim to introduce legislation in 2016
Bernard Hickey reviews the day's business news with Duncan Garner at RadioLive, Wednesday, October 26, 2016
26th Oct 16, 6:19pm
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Bernard Hickey reviews the day's business news with Duncan Garner at RadioLive, Wednesday, October 26, 2016
Inflation drops to 0.2% in September qtr from 0.4% in June quarter, but slightly above economists' expectations; housing costs (excluding land) rose 2.0% in quarter and 6.3% for year; transport costs down 11% for year due to ACC, petrol
18th Oct 16, 10:59am
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Inflation drops to 0.2% in September qtr from 0.4% in June quarter, but slightly above economists' expectations; housing costs (excluding land) rose 2.0% in quarter and 6.3% for year; transport costs down 11% for year due to ACC, petrol
Greens propose tightening migration settings to achieve 1% population growth per year; Shaw wants to smooth out big swings in migration and reduce pressure on infrastructure, housing; Winston Peters accuses of Greens of hypocrisy
17th Oct 16, 10:28am
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Greens propose tightening migration settings to achieve 1% population growth per year; Shaw wants to smooth out big swings in migration and reduce pressure on infrastructure, housing; Winston Peters accuses of Greens of hypocrisy
Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts
13th Oct 16, 1:36pm
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Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts
RBNZ's McDermott warns of low inflation figure likely in September quarter; says inflation likely to be at bottom end of 1-3% target range in December quarter; repeats September OCR comment that "further policy easing will be required"
11th Oct 16, 4:29pm
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RBNZ's McDermott warns of low inflation figure likely in September quarter; says inflation likely to be at bottom end of 1-3% target range in December quarter; repeats September OCR comment that "further policy easing will be required"
RBNZ leaves Official Cash Rate on hold at 2.0% as expected; says "further policy easing will be required"; says a "decline in the exchange rate is needed"; says seeing signs LVR changes and tighter bank lending criteria are moderating housing market
22nd Sep 16, 9:11am
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RBNZ leaves Official Cash Rate on hold at 2.0% as expected; says "further policy easing will be required"; says a "decline in the exchange rate is needed"; says seeing signs LVR changes and tighter bank lending criteria are moderating housing market
GDP grew 0.9% in June qtr; up 3.6% from June qtr of 2015; slightly below economists' forecasts; unchanged from revised-up March qtr; construction up 5% in June qtr while household consumption up 1.9%
15th Sep 16, 11:01am
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GDP grew 0.9% in June qtr; up 3.6% from June qtr of 2015; slightly below economists' forecasts; unchanged from revised-up March qtr; construction up 5% in June qtr while household consumption up 1.9%