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Business & Economy
Evening business for 6 August 2024
News from the business sector, including a market report. Audio
Northport appeals decision to refuse consent for major port expansion
Northland's port company is appealing a decision to refuse consent for a major expansion, saying the commissioners made a series of errors when they ruled it would have serious adverse effects on…
Soaring electricity prices could see Ruapehu saw mills close
The Tangiwai and Karoio pulp and timber mills are owned by Winstone and employ around 300 people, mainly in the Ohakune area. However, the company said its electricty costs have gone up 600% since… Audio
US markets closed down this morning, broader S&P index falls 3%
Have the stock market wobbles sent you scrambling to look at your Kiwisaver balance? Maybe, best just to look away, with investors being warned not to panic. This after US markets closed down this… Audio
Butter prices in some lower socio-economic areas
Whether you spread it on your toast, drop a dollop into the frying pan or use it for baking - butter is considered a must have in the pantry for many of us. But some shoppers in South Auckland said… Audio
Smith and Caughey's to stay open, but on a smaller scale
Auckland retailer Smith and Caughey's has confirmed it will downsize, rather than closing the doors for good.
Midday Report Essentials for Tuesday 6 August 2024
On today's episode, global financial markets are in turmoil as recession fears shook global markets and drove investors out of risky assets overnight, Woolworths supermarket workers have voted to take… Audio
We're all on this lawn together
When we heard about the Hamilton businessman who helped out a competitor track down thieves, we had to find out more. Audio
Global financial markets in turmoil as US recession fears bite
Global financial markets are in turmoil as recession fears shook global markets and drove investors out of risky assets overnight. RNZ senior business reporter Nona Pelletier spoke to Charlotte Cook. Audio
What's actually going on with sharemarkets?
You've probably seeing headlines about "bloodbaths" and billions being wiped out. Here's what is happening.
Major banks cut mortgage rates again
There's growing anticipation the Reserve Bank will ease the official cash rate later this year.
Racism holding Indian women back in Aotearoa - study
Four high-achieving women talk about how the 'glass ceiling' is double-glazed for Indian migrant women in New Zealand, and how they rose to the challenge.
Morning Report Essentials for Tuesday 6 August
On today's episode, Alexandra's finest, Finn Butcher, has won New Zealand's third gold medal of the Paris Olympic Games, dominating the final of the kayak cross, we get the latest from Nathan Rarere… Audio
Westpac economist on govt getting back into surplus
Westpac economists are predicting it will take the Government an extra year to get back into budget surplus, amid a weak economy, worsening labour market, and New Zealanders leaving for Australia… Audio
Union says cancelled ferries could cost half a billion
The Maritime Union says the cancellation cost for the iRex ferry replacement project could reach half a billion dollars. National Secretary Carl Findlay spoke to Morning Report. Audio
MBIE used fake personas on social media for investigations
The Ministry of Business Innovation and Employment has used fake social media accounts in investigations for years, up to 30 times on average a month back in 2021 to impersonate someone to catch out… Audio
What international sharemarket turmoil means for your KiwiSaver
About 60% of KiwiSaver assets are invested offshore, but if you've got your settings right, there's only one thing you need to do.
Stocks tumbling as concerns of US slowdown impact markets
Stocks around the world are tumbling as concerns about a US economic slowdown sent shockwaves of fear through global markets. Business Columnist John Authers spoke to Corin Dann from New York. Audio
