Business & Markets

Retail spending: Cost of living drives drop

Falling local spending as household budgets face greater pressure is leading to "unprecedented challenges" for the retail sector. Credit bureau Centrix data... Read More

KiwiSaver: financial strain doubles withdrawals

The money withdrawn early from KiwiSaver funds due to financial hardship has doubled compared to a year ago, with significantly more people taking money out... Read More

Reserve Bank keeps OCR at 5.5 per cent

The Reserve Bank has left its benchmark interest rate unchanged, as expected, and repeated that rates will stay high for an extended period. The Official... Read More

Egg as prices finally descend

Egg producers are hopeful prices have peaked and the egg shortage of early-2023 will soon be a distant memory. The country's layer hen population is continuing... Read More

Relief may be in sight for interest rates

Home loan borrowers worrying about higher interest rates may finally be getting the news they have been waiting for - financial markets now expect interest rates... Read More

Job ads fall, applications rebound - Seek

The number of job ads fell in October in all regions except Taranaki, with real estate and property one of the few industry sectors to record growing demand... Read More

‘Pause before you Pay’ this Black Friday

Kiwis are being urged to pause before they pay this Black Friday by MBIE's Consumer Protection team in order to avoid falling victim to scammers. Major... Read More

The jobs nurses are doing instead of nursing

Nearly half the country's nurses are not working as nurses, with some even taking jobs in supermarkets or on road gangs in preference to healthcare. Te... Read More

Woolworths to spend $45M on on safety initiatives

Woolworths says there has been a 131 per cent rise in physical assaults against its staff in the last six months, compared to the same time last year. The... Read More

Car insurance premiums sky rocket

Car insurance premiums have sky rocketed up 38 per cent in two years, according to a Consumer NZ survey. The independent non-profit organisation is urging... Read More

Business owner loses $10,000 in Facebook scam

Businesses are being warned their insurance may not cover them for losses resulting from online marketplace scams. In a recent case investigated by the Insurance... Read More

Unemployment rate at 3.9 per cent - Stats NZ

The seasonally adjusted unemployment rate was 3.9 per cent in the September 2023 quarter, compared with 3.6 percent last quarter, according to figures... Read More