Money
Anti-poverty group says families package still falling short
The government's touting the success of a families package scheme, saying it helped more than half of all families with children in its first year.
Introduced in 2018, the Families Package boosted… Audio
Midday Business News for 26 January 2022
News from the business sector, including a market report. Audio
Hundreds of thousands in savings needed to retire: guidelines
Warnings we can't afford to retire unless Kiwis save up to $800,000 to top up the pension are coming from a research centre interested in improving the financial wellbeing of New Zealanders. The… Audio
New Plymouth agri-chemical site 'ticking time bomb' - mayor
The government is being called on to step in to force a multi-national agri-chemical business to clean up its New Plymouth production site which the local mayor has described as a "ticking time bomb".
…'On the verge of civil disobedience': Rising cost of living in Aotearoa
A "perfect storm" of the rising costs of basic necessities, inflation, and Covid-19 have a social service warning of possible "civil disobedience" - with people forced to take what they need to live.
Cost of living will lead to hardship, disobedience - advocates
Social service providers are worried soaring living costs will lead to hardship and even civil disobedience.
They say people could be forced to take what they need to live. Petrol, food and house… Audio
Property market hits peak, but unemployment poses risk to prices
The property market has peaked according to latest market research, with any increase in the rate of unemployment likely to put further pressure on price growth.
Australian inflation surges in last quarter; interest rates tipped to rise
Australia's inflation rose at its fastest annual pace since 2014 in the December quarter as fuel and housing costs led broad-based price pressures.
Midday Business News for 25 January 2022
News from the business sector, including a market report. Audio
Economic abuse: 'We've also heard of threats ... if they didn't take the debt' - BNZ
One of the country's major banks says it is finding a concerning number of instances of economic abuse, including people being saddled with someone else's debt, or having no control over their…
Total compensation for state landlord's neighbours remains unknown
Kāinga Ora has declined a request for the information on the basis it did not centrally record the total amount of compensation paid out for those breaches.
Bank finds 12,000 abusive online transactions
One of the country's major banks says it's finding a concerning number of instances of economic abuse, including people being saddled with someone else's debt, or having no control over their… Audio
Covid-19: Stocks, oil, cryptocurrencies fall
Stocks, oil and cryptocurrencies have fallen overnight in the US. The situation in Ukraine and worries ahead of a US Federal Reserve announcement later this week is being blamed.
The S&P 500 fell 2.4… Audio
New law effective at reining in worst lending practices - budget advisors
Budget advisors say a controversial new lending law is helping to clamp down on predatory practices in the financial sector.
Tonga eruption: World Bank contributes $12 million in aid
The World Bank has given about $12 million New Zealand dollars to Tonga, following the devastating volcanic eruption and tsunami nine days ago.
About 85 percent of the population has been affected… Audio
Midday Business News for 24 January 2022
News from the business sector, including a market report. Audio
NZ sharemarket wobbles as Omicron emerges
The New Zealand sharemarket is having its worst session in nearly a year.
Did getting a mortgage just get even harder?
Changes to the Credit Contracts and Consumer Finance Act (CCCFA) regulations came into effect in December and the headlines this month have been dominated by anecdotal stories of issues they have… Audio
Tomato prices doubled over a year
The price of tomatoes has doubled over the past year.
Statistics New Zealand says the summer staples cost $3.30/kg in December 2020, but by the end of last year, they were $6.61/kg.
Grocery foods… Audio
ANZ forecasts Official Cash Rate to be lifted to 3% next year
The country's biggest bank is forecasting the Official Cash Rate to be lifted to 3 percent by April next year - the highest since 2015.
