Stories by Anan Zaki
News
'Just wrong': Orr hits back at 'flip flop' criticism
The Reserve Bank governor says criticism of the interest rate call this week are off base and there's been no u-turn.
Banks cut mortgage rates minutes after OCR drops
The RBNZ has come through with its first cut in four years, and retail banks are following close behind.
Manawa Electricty cuts earnings guidance after customer defaults
The company is setting aside money for a potential bad debt after an electricity retailer failed to keep up with payments.
How KiwiSaver funds performed in the June quarter
Morningstar's survey for the three months ended June showed the value of savings rose $3.5 billion for the quarter.
Unemployment rate keeps rising, hits 4.6%
The increase has been fuelled by a migration surged that's filled previous shortages in the labour market.
Job market cools, unemployment expected to rise further - economists
The unemployment rate is expected to rise to a near four-year high as demand for workers cools while the economy struggles under the weight of high interest rates.
Aussie takeover bid for The Warehouse falls through
An Australian private equity group's takeover pitch for The Warehouse Group has fallen through, despite backing from the retail giant's founder Stephen Tindall.
Briscoes thinking about Kathmandu investment
Retailer Briscoe Group is thinking about the future of its investment in struggling outdoor goods business KMD Brands.
Warner Bros. Discovery lost $138m in 2023 before Newshub closure
The owner of New Zealand television channel Three posted a hefty loss last year, as advertising revenue fell sharply and as it wrote down the value of assets.
Milk company prepares for vote with survival on the line
The company's survival is on the line.
'As bad as it can get': Services sector activity slumps
Activity is at its lowest level since the August 2021 lockdown, and significantly below the long-term average.
China wants New Zealand's help to join free trade agreement
But New Zealand is limited in how it can assist the world's second-biggest economy join 12 countries in the CPTPP, a trade expert says.
Lack of demand 'number one problem for businesses'
The new economic reality has hit a growing number of companies as they reveal significant hits to their earnings and profits. Audio
Seeking screen time: Impacts of Covid-19 pandemic still being felt at movie theatres
A New Zealand cinema chain says the industry is yet to recover to pre-pandemic levels, with not enough consistent revenue coming through its doors.
Households face more uncertainty, struggle with mortgage repayments
The Reserve Bank is warning there's a risk global interest rates could stay higher for longer.
Inflation set to cool, but not enough for Reserve Bank's expectations
Annual inflation looks set to cool further, but the numbers are still set to come in hotter than the central bank's expectations.
Interest rates expected to be slashed
As the economy slips into a recession, economists are forecasting the Reserve Bank will sharply cut the official cash rate.
Economy slips into recession
The economy shrank 0.1 percent at the end of last year, new official figures show. Audio
Air New Zealand 'record-high domestic airfares' called out
Airports are hitting out at Air New Zealand's domestic airfares and are calling for ticket prices to be independently monitored.
Air NZ suspends Chicago services after Rolls-Royce engine headaches
The airline says three planes will be unavailable for an extended period.
Godfrey Hirst eating into Bremworth's market shares, CEO says
Bremworth continues to struggle to meet demand after damage to its Napier yarn plant from Cyclone Gabrielle.
ERoad appoints second chief executive in unusual move
The New Zealand tech company is taking the unusual step of appointing a second chief executive to help run the business.
Global central banks will 'hang tough' on interest rates, Reserve Bank governor says
Adrian Orr says they will have to hang onto higher interest rates for longer than financial markets have been expecting.
Will interest rates go up this week?
What economists think will happen when the Reserve Bank reviews the OCR.
Inflation expectations concerning - Orr
The Reserve Bank governor says there's a risk predictions of higher inflation will become self-fulfilling.