Otago leads in savings as other regions struggle
Otago leads in savings as other regions struggle
A third of New Zealanders have savings of less than $500, a major bank says, with Auckland and Northland lagging the rest of the country.
Business
Companies could favour road as KiwiRail assets decline
Companies could favour road as KiwiRail assets decline
Companies sending goods up and down the country's railways could begin to favour road transport as KiwiRail manages declining assets, an expert says.
New multimillion-dollar Daikin site opens
New multimillion-dollar Daikin site opens
Japan-based heat pump and air conditioning manufacturer Daikin has moved into its new multimillion-dollar Christchurch site.
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Old-fashioned toy store closure ‘hard call’ to make
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Old-fashioned toy store closure ‘hard call’ to make
The owner of one of Dunedin’s last remaining "old-fashioned" toy stores says she tried everything she could to prevent it from closing.
'Uncertainty' to remain after Trump tariffs ruling - trade minister
'Uncertainty' to remain after Trump tariffs ruling - trade minister
Minister for Trade and Investment Todd McClay says considerable uncertainty is likely to remain with the latest moves in the US on tariffs.
New governor quietly confident about economy
New governor quietly confident about economy
Cautious householder spending and big global shocks are the main pressures Reserve Bank governor Anna Breman sees tripping up the economic recovery.
Obituary: Sid Ashton, businessman
Obituary: Sid Ashton, businessman
Sid Ashton was an unlikely figure to take the helm at the head of the South Island’s largest iwi but the Pākehā accountant became revered for his toil for Ngāi Tahu.
Reserve Bank governor's warning for businesses
Reserve Bank governor's warning for businesses
The Reserve Bank governor has warned businesses against trying to pass higher prices on to households.
Westpac cuts fixed home loan rates
Westpac cuts fixed home loan rates
Westpac is cutting its three-, four- and five-year home loan rates, making it the first bank to move after the latest official cash rate announcement.
31% drop in cruise ships hits port’s profit
31% drop in cruise ships hits port’s profit
A 31% drop in cruise ship numbers hit Port Otago’s bottom line and reduced valuable economic benefit to Dunedin and wider Otago, Port Otago's Tim Gibson says.
Fonterra shareholders approve Mainland sale payout
Fonterra shareholders approve Mainland sale payout
The multibillion-dollar sale of dairy co-operative Fonterra's consumer brands business is one step closer.
Reality bites for job seekers as unemployment climbs
Reality bites for job seekers as unemployment climbs
New Zealand's unemployment rate is the highest in a decade, but a leading economist is cautiously optimistic about the country's economic outlook.
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Credit union opens branch in city
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Credit union opens branch in city
While some big banks are closing branches, a credit union in Dunedin is doubling down on face-to-face contact by opening a new premises.
Reserve Bank leaves official cash rate at 2.25%
Reserve Bank leaves official cash rate at 2.25%
The Reserve Bank (RBNZ) has held its benchmark official cash rate (OCR) unchanged at 2.25 percent, saying it needs to get inflation under control, but does not want to upset the economic rebound.
2500 apply for one customer service job
2500 apply for one customer service job
Oppo managing director Morgan Halim would usually consider 500 a high number of applicants for a job ad.
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Time to hand over the heavy-duty stapler
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Time to hand over the heavy-duty stapler
From the swanky seats at Forsyth Barr Stadium to an imitation breeding horse, Dunedin upholsterer Peter Williamson reckons it is time for a rest.
What's going on with the price of chocolate?
What's going on with the price of chocolate?
You weren't imagining it - Valentine's Day chocolate probably was more expensive this year.
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Mad Butcher store closing due to lack of suitable site
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Mad Butcher store closing due to lack of suitable site
Dunedin's Mad Butcher store is to close after a fruitless year-long hunt for new premises.
Housing market 'a tale of two islands'
Housing market 'a tale of two islands'
New Zealand's housing market is a "tale of two islands", one economist says.
'Tough decision': Petrol station makes way for parks at supermarket
'Tough decision': Petrol station makes way for parks at supermarket
A busy Christchurch supermarket is closing its on-site fuel station to create more car parks.