OCR cut to lowest level in three years
The Reserve Bank has cut the official cash rate by 25 basis points to 2.25%, the lowest it has been since June 2022.
Business
Sheetmetal firm put into liquidation
Christchurch sheetmetal firm closes after racking up $1.13m debt
A track record of operating in Christchurch for nearly 90 years has come to an end for a sheetmetal and roofing company after it was forced to close its doors owing creditors $1.13 million.
Commerce Commission takes legal action over petrol prices
Commerce Commission takes legal action over petrol prices
The Commerce Commission is taking legal action against fuel company Mobil for the way it sets wholesale petrol prices.
Union leaders warn of delays as port restructure bites
Union leaders warn of delays as port restructure bites
Lyttelton Port Company has admitted its controversial job restructuring is causing delays for container ships.
Congestion fees for shipping containers
Global shipping giant slaps congestion fees on containers at Lyttelton Port
Shipping firm Maersk will add a US$200 congestion fee to its containers going through the Lyttelton Port from December 1.
Why has the NZ dollar fallen to a near 13-year low?
Why has the NZ dollar fallen to a near 13-year low?
The New Zealand dollar has fallen to multi-year lows against a broad range of currencies.
Aged residential care provider triples its net profit
Aged residential care provider triples its net profit
Aged residential care provider Radius has more than tripled its net profit since last year after acquisitions including a 109-bed care home in Christchurch.
'Retro' keychain cameras snapped up
'Retro' keychain cameras being snapped up 'like the Labubus'
A finger-sized camera with a resolution that wouldn't hold a candle to your average smartphone is selling out in Christchurch.
Hemp processor on the move
Christchurch hemp processor on the move
Christchurch hemp processor and manufacturer Rubisco’s shift to an Ashburton facility will pave the way for a $20 million to $30m expansion plan.
Cabin crew have voted to strike, Air New Zealand says
Cabin crew have voted to strike, Air New Zealand says
Air New Zealand says it has been made aware by E tū union that staff have voted to take industrial action.
IKEA pop-up gives fans a glimpse of 'popular products'
IKEA pop-up gives fans a glimpse of 'popular products'
IKEA has opened a pop-up store in Christchurch's Cathedral Square.
Vacant lodge to be reopened as a pub
Vacant Canterbury lodge to be reopened as a pub
An unoccupied two-storey lodge at Arthur’s Pass has sold at auction for $250,000 - more than $1 million below its RV.
Queenstown-Brisbane direct flight set to take off
Queenstown-Brisbane direct flight set to take off
A new, non-stop seasonal route has been announced between Queenstown and Brisbane by Air New Zealand.
Jobs set to be cut at The Warehouse
Jobs set to be cut at The Warehouse
The Warehouse Group plans to cut head office jobs as increased sales fail to deliver profit growth.
'Stop using them immediately'
'Stop using them immediately'
Testing has found asbestos in multiple Kmart Magic Sand products, and an urgent warning to "stop using them" has been issued.
Business received $800k in stolen vehicles
'Highly sophisticated offending': Chch business sent stolen vehicles around the world
A man who sought refugee status in NZ went on to establish a chop shop in Christchurch that received $800,000 worth of stolen cars.
The Body Shop returns to South Island
The Body Shop returns to South Island
Ethical beauty brand The Body Shop has returned to the South Island with a new franchise owner.
Mainfreight's net profit down 18.5%
'The first quarter was extremely tough': Mainfreight's net profit down 18.5% on previous year
But the global transport firm was continuing to open more warehouses, with its Christchurch and the planned Auckland sites examples of customer-driven demand.
Consumer NZ highlights faulty products, sneaky sales
Consumer NZ highlights faulty products, sneaky sales
Pams plasters that don't stick, HelloFresh subscription traps and Harvey Norman’s non-stop sales have been highlighted in Consumer NZ's "Yeah Nah" awards.
Cost of beef mince rises by 17.5%
Cost of beef mince rises by 17.5%
Christchurch City Missioner Corinne Haines says mince has now become too expensive for low-income families.