Reserve Bank slashes OCR to 2.5%
The Reserve Bank has opted for boldness over caution as it delivered a 50-basis-point cut to the official cash rate to 2.5%, and signalled further reductions.
Business
Another jail term for disgraced real estate agent
Another jail term for disgraced real estate agent
Aaron Drever has been sentenced to another eight months' jail - this time for misleading the Official Assignee.
Construction workforce set to triple at Fonterra’s Edendale UHT plant
Construction workforce set to triple at Fonterra’s Edendale UHT plant
Construction teams will swell to 150 contractors on Fonterra’s new $150 million ultra-high temperature cream plant at Southland’s Edendale site in coming months.
Safety focus for 1000 farm visits
Safety focus for 1000 farm visits
WorkSafe inspectors will visit 1000 farms before the end of the year, focusing on the safety of quadbikes and other risks to prevent agriculture becoming the deadliest sector in New Zealand again.
Changes may mean cuts to mail delivery days
Changes may mean cuts to mail delivery days
Changes have been signed off that allow NZ Post to reduce the number of days it offers a mail service.
Are orchardists 'crying out' for workers?
Are orchardists 'crying out' for workers?
An orchardist says the horticulture industry is not crying out for workers, as the prime minister urges young people to look for work in the sector.
Hospo sector looking up: data
Hospo sector looking up: data
A Christchurch hospitality sector dining on a spending rise suggests pubs, cafes, restaurants and takeaway outlets are no longer still struggling.
Debts increase to $35m
Debts increase to $35m
Another business linked to Christchurch property developer Andrew Bendemski has folded, leaving a string of connected companies owing at least $35 million to creditors.
Record $19.5m penalty for IAG
Record $19.5m penalty for IAG
NZ's biggest insurance company, IAG, has been penalised $19.5m for overcharging nearly 250,000 customers tens of millions of dollars by not giving them promised discounts and benefits.
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Year a turning point for airport: chairman
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Year a turning point for airport: chairman
Welcoming back international flights was key to a defining year for Dunedin’s airport, its chairman says.
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New airport CEO has plenty of experience
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New airport CEO has plenty of experience
Queenstown Airport’s new chief executive is no stranger to the challenges and opportunities he will encounter during his tenure here.
New trade standards deal agreed by NZ, Australia
New trade standards deal agreed by NZ, Australia
New Zealand and Australia trade ministers have agreed to double down on their countries' open trade relationship.
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Property career of a lifetime for NZPS director
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Property career of a lifetime for NZPS director
Selling property is in New Zealand Property Solutions’ director Denise Casey’s blood.
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All go at fireplace company
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All go at fireplace company
A more than $10m distribution and warehousing site, US and European sales offices and ‘‘mobile showrooms’’ are among the latest developments at a Dunedin fireplace company.
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Attendance rates at city events down 30%
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Attendance rates at city events down 30%
Attendance numbers at events hosted by Dunedin Venues Management Ltd have fallen more than 30% in a year amid an ‘‘extremely challenging and competitive’’ environment, a report says.
Liquidator appointed to custard square maker
Liquidator appointed to custard square maker
The company behind arguably New Zealand’s most famous custard square owes unsecured creditors more than $500,000, the first liquidator’s report shows.
Obituary: Shunsaku Tamiya, businessman
Obituary: Shunsaku Tamiya, businessman
Generations of of children — and more than a few adults — have been both frustrated and fascinated by the toys sold by the company made famous by Shunsaku Tamiya.
Farmers grill Alliance executives over proposed deal
Farmers grill Alliance executives over proposed deal
"How did we get here?"
Recall: Chopped peanuts may contain metal pieces
Recall: Chopped peanuts may contain metal pieces
Chopped peanuts from the FreshLife and Gilmours brands are being recalled as they may contain small metal pieces.
Largest flooring manufacturer to buy out Bremworth
Largest flooring manufacturer to buy out Bremworth
Carpet maker Bremworth has struck a deal to sell its business to the world’s largest flooring manufacturer and owner of rival Godfrey Hirst.