Dene Mackenzie

New Zealanders will not receive tax cuts next year as Finance Minister Bill English decides to rejig spending to reduce spending and pay down debt.

The Reserve Bank seems relatively unconcerned about activity in New Zealand's housing market outside Auckland, despite prices rising.

Dunedin MPs are praising the independent stance being taken by the Otago Daily Times as the media landscape evolves quickly in New Zealand.

The Crown accounts remained in surplus in the nine months ended March and, with higher core revenue, Finance Minister Bill English is in a happy place as he prepares to deliver his Budget 2016 on May 26.

New Zealand's tourism bonanza showed no signs of abating, ASB economist Daniel Snowden said yesterday.

If New Zealand tax residents are using tax havens to avoid New Zealand tax - and such is disclosed in the Panama Papers - they can expect to be audited and there will be little sympathy for them, tax expert Scott Mason says.

Electronic card spending figures for April are likely to set the tone for a strong set of retail sales data this week.

Silver Fern Farms is proposing to move its Islington venison operations to Pareora, in South Canterbury, leaving 54 meat workers with an uncertain future.

Forsyth Barr will review its SkyTV forecasts in light of the number of subscribers the pay television company estimates it will lose in the year to June, broker Suzanne Kinnaird said yesterday.

Changing New Zealand's tax laws relating to foreign trusts will not be easy, despite calls from opposition MPs and others calling for tax loopholes to be closed.

The Reserve Bank of New Zealand will find itself under more pressure to cut its official cash rate after the Reserve Bank of Australia cut its lending rate to 1.75%.

The New Zealand financial market has had a stellar run, falling less than tother markets during the volatility early in the year and rebounding more sharply since then. Business editor Dene Mackenzie talks to Craigs Investment Partners broker Chris Timms about why the NZX50 is trading close to record highs.