The Reserve Bank's financial stability report due out tomorrow has taken on more importance than normal given the steps the central bank has taken to curb rampant Auckland house prices.
Even a no-frills retirement requires extra savings, a report released yesterday says.
The New Zealand Government is being sensible in reaching out to the European Union to secure a free trade deal, British High Commissioner Jonathan Sinclair says.
The release of the details of the controversial Trans Pacific Partnership trade agreement has been welcomed by Otago Chamber of Commerce chief executive Dougal McGowan.
The Government's fiscal honeymoon disappeared quickly when the release yesterday of the Crown accounts for the three months ended September showed a deficit of $545million.
Cloud-based accounting software developer Xero continues to burn through its cash but positive signs are emerging in its key North American market, Craigs Investment Partners broker Chris Timms says.
Otago has the second-lowest unemployment rate in the country, behind Canterbury, and Southland the third-lowest.
Z Energy is still awaiting a decision by the Commerce Commission on buying Chevron New Zealand's assets, but in the meantime the listed petrol company is expected to report a record profit tomorrow.
The odds are firmly against the Reserve Bank of Australia cutting its official lending rate today, despite the central bank's liking for making moves on Melbourne Cup day.
Unemployment probably rose in September as strong growth in the labour force offset moderate growth in employment.
Some encouraging signs have emerged from the latest ASB Farmshed Economics report with dairy markets moving back towards normal and lamb a quiet achiever.
The outlook for borrowers is looking bright with the Reserve Bank holding the official cash rate (OCR) at 2.75% last week and likely to cut it to 2.50% on December 10.
Prospects for a broader price war in the Australian grocery market look likely following a significant earnings downgrade from Woolworths, Craigs Investment Partners broker Peter McIntyre says.
Utility and electricity provider Trustpower announced flat earnings for the six months ended September, disappointing analysts, although Forsyth Barr maintained its outperform rating on the company.
Housing Minister Nick Smith and economists had a different take on building consent figures released yesterday by Statistics New Zealand.
Industry data suggests domestic freight volume growth is accelerating into peak season after a downturn through the winter months. Auckland is noticeably stronger than the rest of New Zealand and the South Island is languishing. Business editor Dene Mackenzie talks to Forsyth Barr broker Suzanne Kinnaird about the prospects for the industry.
The United States Federal Reserve yesterday hogged global headlines by making it clear a lift in its official lending rate was possible in December.
ANZ New Zealand has continued a run of increased bank profits, reporting an operating profit of $2.4billion for the year ended September, up 5% on the previous corresponding period.
Businesses are being urged to upgrade to ultra-fast broadband or risk being left behind.
The Commerce Commission was in the sights of Chorus chairman Patrick Strange yesterday when he delivered his address to the telecommunication company's annual meeting in Wellington.
