Money
Reserve Bank Governor on plea to banks to be nice
Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight… Audio
Banks called to support people under financial strain
Banks are being urged to step up and support families and businesses coming under financial strain as the pressure comes on from rising interest rates.
The plea comes from the Reserve Bank in a… Audio
Housing downturn grim, but it's not another financial crisis - Economist
A lot of financial news came out today and the housing market is definitely hurting, but that does not mean the economy is facing another crisis like the 2008 meltdown, KiwiBank's chief economist… Audio
Crackdown on buy now, pay later, not enough - budget experts
A crackdown on buy now pay later services does not go far enough according some budgeters.
Under changes proposed by the government, the services will have to credict check all consumer and if the… Video, Audio
Consumer Affairs Minister explains buy now pay later regulation
Buy now pay later services will have to check if consumers can afford the debt they're taking on as the government cracks down on the industry.
Services including After Pay, Laybuy and ZipPay allow… Video, Audio
Housing downturn grim, but not another financial crisis - economist
Rising interest rates and falling house prices could push more home owners into negative equity.
That's just one of the risks highlighted in the Reserve Bank's latest six-monthly financial stability… Video, Audio
Government proposes new rules for buy now pay later loans
The government wants to tighten the screws on buy now pay later loans to stop consumers falling into unmanageable debt.
Tax cuts not the only tool to help low-income workers - National
The National Party is dismissing claims the wealthiest will benefit most from its proposed tax cuts. Audio
Reserve Bank warns rising interest rates will test NZ's financial resilience
The Reserve Bank says the country's financial system is secure and in good shape, but renewed its warning households face pressure from falling house prices and rising interest rates.
Pharmac seeking feedback on dropping automatic funding for child cancer drugs
Pharmac is seeking feedback on a rule change that could affect child cancer patients.
Under the current system, any medicine for pediatric cancer is automatically funded without a Pharmac… Audio
Unilever declares four day working week trial a success
A four-day work week trial run by Unilever over the past 18 months has been a huge success, and is now being expanded to Australia.
The company's 80-strong New Zealand workforce were allowed to spend… Audio
MBIE chips in on $4m bailout for Ruapehu Alpine Lifts
The embattled skifield operator Ruapehu Alpine Lifts has received a $4 million rescue package - partly with help from the government - as it tries to make it to the next ski season.
The voluntary… Video, Audio
Pushpay chairperson pushing $1.5b takeover deal's value
The chair of mobile donations company Pushpay hopes its shareholders can see value as its board recommends a takeover deal seen as cheap by some analysts.
Personal loans rise as household budgets hit, mortgage lending falls
New consumer loans granted in September were 18 percent higher than a year ago, data from credit bureau Centrix shows.
Flight prices to moderate as more planes start to get off the ground: Air NZ CEO
Air New Zealand's chief executive says more planes are on the way and with them the hope of cheaper airfares. Audio
Many workers with disabilities still paid $5 an hour on average
Three years after the government announced it would scrap minimum wage exemptions and replace them with a wage subsidy, some disabled workers are still earning an average of just $5 an hour.
… Video, Audio
Financial market volatility costs NZ Super Fund $3.3 billion
NZ Super Fund's annual report showed the value of the Fund fell to $55.7b for the year ended June from $59b the previous year.
'Pay their fair share': Greens propose windfall tax on excess profits
The Green Party says corporations aren't paying their fair share of tax and the current system is unfair - so it's offering two different systems that could be used to calculate the excess profits. Audio
Banks are well placed in case of potential downturns - RBNZ
The banking sector is well placed to cope with a major economic downturn caused by high inflation and low or negative growth, the Reserve Bank says.
'The most expensive I've ever paid': Travellers unhappy at high airfares
Air New Zealand is warning travellers to book holidays early, as a combination of rising fuel prices, inflation and high demand have forced it to review and hike its airfares. Audio
