Latest from Business

How are retailers reacting to the OCR decision?

Retailers have shared their excitement about the OCR cut right in time for Christmas.

RBNZ cuts OCR: How the market reacted

NZ stocks rallied after the Reserve Bank cut its key interest rate by half a point.

Thinking of breaking your mortgage? What you need to know

'The more you chase perfection, the worse your returns can be.'

RBNZ pays Crown whopper $600m dividend, but there's a catch

The Reserve Bank gives with one hand, but takes with the other.

Great Resignation no more: More Kiwi workers look for stability amid rising unemployment

Less Kiwi workers intend on changing their jobs in the next 12 months.

'Brighter days ahead': Reserve Bank cuts OCR by 50 basis points to 4.75%, banks cut interest rates

Future changes to the OCR 'would depend on its evolving assessment of the economy'.

Official cash rate decision: Reserve Bank cuts rates by 50 basis points to 4.75%

The Reserve Bank cut the official cash rate (OCR) by 50 basis points to 4.75% in October. Video / NZ Herald

Qantas hit with A$100m fine for selling seats on cancelled flights

Senior managers knew about different aspects of the issue, the Australian watchdog says.

Wall St ends higher as investors wait on inflation data

Nvidia was the pick of the so-called Magnificent Seven.

Payments giant Stripe puts boots on the ground in NZ

It’s just the start of a push to expand its presence here.

Hydro reversal: Lake Pūkaki makes up for lost water

Favourable power generating conditions have put downward pressure on prices.

Market close: Steady trading updates not enough to stop sharemarket falling

Markets faltered on the news that China was not delivering further economic stimulus.

American bakery chain Cinnabon to open first NZ store

New Zealand will be the 54th country to get a Cinnabon franchise.

What’s next for departing Queenstown Airport boss Glen Sowry

Ex-Air NZ and Housing NZ exec is moving on next year.

Jobs at risk as NZ concrete giant comes unstuck

At least a dozen jobs could be disestablished.

Banks stress testing mortgage customers at nearly 9%, despite looming OCR cuts

Broker sees another hurdle on the horizon once rates fall.

Wall St indexes slip with rates, Middle East in focus

Investors are keeping an eye on inflation data, and ongoing Middle East tensions.

Mainfreight expects 9.3% H1 pre-tax profit drop

Despite revenue surpassing $2.5b, some regions are under-performing.