NZ supermarkets are rationing baby formula because of fears of a shortage caused by Chinese buyers selling it in bulk to parents back in their homeland.

Telecom admits misleading more than 130,000 of its broadband customers, the eighth time its been in trouble over the Fair Trading Act since 2003.

With only four shopping days to go before Christmas, parking spaces are still available at the malls and shoppers say they are spending less.

It's not all about truffle oil and pomegranate molasses, say the owners of Nosh.

The economists at Westpac have spotted a clear downward trend in expenditure on gifts.