Major banks cut rates following OCR drop
All the major banks have moved to cut interest rates, after the Reserve Bank delivered a 50 basis point cut to the official cash rate.
Business
Reserve Bank slashes OCR to 3.75%
Reserve Bank slashes OCR to 3.75%
The RBNZ has delivered the widely expected half a percentage point cut to the OCR to a two-year low of 3.75%, but signalled it will be more cautious with further reductions.
Herald publisher announces job cuts
Herald publisher announces job cuts
The NZ Herald is slashing roles across its newsrooms and is to introduce a new streaming service.
Fergburger worker sacked for slur
Fergburger worker sacked for slur
Queenstown's most famous burger joint has fired a staff member and promised to do better after a racial slur was left on a customer’s docket.
Rocket Lab 'ready to serve' Pentagon
Rocket Lab 'ready to serve' Pentagon
Rocket Lab is poised to launch a satellite from Mahia Peninsula for a US company looking to bolster military and spying operations.
Tone deaf? 'Everyone must go' slogan slammed
Tone deaf? 'Everyone must go' slogan slammed
What was meant to be a catchy slogan has been labelled 'tone deaf' by some international media.
Council receives $5.2m airport dividend
Council receives $5.2m airport dividend
Queenstown Lakes District Council coffers will be boosted by just over $5 million this month, thanks to Queenstown Airport.
Warning chicken nuggets may contain rubber
Warning chicken nuggets may contain rubber
People who bought a certain brand of chicken nuggets are being warned not to eat them.
Higher fuel margins could limit petrol price relief
Higher fuel margins could limit petrol price relief
Fuel importers have been making bigger margins recently, and there is a warning it could dent the impact of falling oil prices on New Zealand motorists.
‘Blue economy’ could boost exports by $4 billion
‘Blue economy’ could boost exports by $4 billion
NZ's marine economy could make a bigger contribution to the govt's goal of doubling the value of exports over the next 10 years if it transitions to more sustainable practices, a new report says.
Bremworth undergoes review
Bremworth undergoes review
NZX-listed company Bremworth is beginning a strategic review of its ownership structure following recent approaches from parties interested in the wool-carpet manufacturer.
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Cruise emissions ‘challenge’
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Cruise emissions ‘challenge’
Ways of reducing Dunedin’s cruise ship emissions need to come from the industry and the government, a city councillor says.
Opposition pans 'Everyone Must Go' ads
Opposition pans 'Everyone Must Go' ads
Labour and the Greens say the govt should focus spending on tourism infrastructure after the announcement of $500k for an ad campaign in Australia.
Agribusinessman appointed AgriZeroNZ chairman
Agribusinessman appointed AgriZeroNZ chairman
Prominent agribusinessman Rob Hewett has been appointed chairman of AgriZeroNZ.
From Southland to Harvard
From Southland to Harvard
It is somewhat ironic that a young Michelle Findlater did not want to go to university.
Harraways to hold vote on $3m upscale spend
Harraways to hold vote on $3m upscale spend
Shareholders of long-standing Dunedin oat miller Harraway & Sons are preparing to vote on investing millions of dollars to increase capacity in the business.
Whisky strikes awards gold
Whisky strikes awards gold
Tarras distillery Scapegrace has won a gold medal at the World Whisky Awards in London.
NZ's Covid mistakes, according to economists
NZ's Covid mistakes, according to economists
New Zealand's government and Reserve Bank realised too late that the economy was not as damaged by the Covid-19 pandemic as they had expected it to be, economists have told an economic forum at Waikato University.
Friends to enjoy retirement
Friends to enjoy retirement
Best mates Mike Fahey and Jon Kwiatkowski are looking forward to grabbing a few more beers together after retirement.
Govt to push for more supermarket competition
Govt to push for more supermarket competition
The government says it will pull out all the stops to increase grocery competition but Monopoly Watch says it will probably require a break-up of the existing duopoly.