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Business headlines with summaries.
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Willis lauds 'progress' as $9.3b deficit lower than expected
9 Oct 2025The deficit - $869 million lower than predicted in May - was based on the government's new formula, which excludes the cost of ACC.
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New lease of life for once condemned shopping complex
9 Oct 2025Last year more than 20 retailers were forced to vacate the space at Nelson's 244 Hardy Street, after cladding issues left it earmarked for demolition.
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Extended prescriptions may force some pharmacies to close
9 Oct 2025Some community pharmacies could be forced to close up over a potential $42 million loss in revenue from extended prescription periods, the industry group warns. Audio
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New meth rules 'turning a blind eye to casual drug use'
9 Oct 2025Regulations are expected to be in force in 2026, but an exact date has not been set yet.
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What 'shock therapy' OCR cuts mean for households
And what's likely to happen to house prices, interest rates and the economy. Audio
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Regional housing markets bouncing back faster than some main centres
9 Oct 2025Southland, Canterbury and Waikato are strengthening in terms of demand and value growth predictions, a CBRE survey shows.
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Why gold prices are surging
Prices have surged 50 percent in 2025 alone, marking the metal's biggest rally since the 1970s.
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Call for power companies to make it easier to switch and choose plans
9 Oct 2025Power companies need to step up and help their consumers with better deals, the Electricity Authority says. Audio
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First home loan rate cuts after OCR drop
8 Oct 2025Banks moved quickly after the Reserve Bank cut the official cash rate.
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Call for wind, solar export limits to be doubled
9 Oct 2025The rules need to be changed to keep pace with modern solar and battery systems installed in homes and businesses, the Electricity Authority says.
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OCR slashed by 50 basis points - another cut may follow
8 Oct 2025The central bank has opted for boldness over caution, and has left the door open for another drop.
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The 20-somethings getting the pension
8 Oct 2025About 3000 people receiving the pension are not yet 65 - and some are a lot lot younger. Audio
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The hotspots in New Zealand's commercial property market
8 Oct 2025Christchurch dominates but Wellington is struggling, a property firm says.
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How does the Reserve Bank set the OCR?
8 Oct 2025The Reserve Bank is preparing to announce the latest OCR decision. Here's what goes on behind the scenes.
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Is this New Zealand's highest marginal tax rate?
8 Oct 2025New Jobseeker rules mean some homes would be better off if the parents worked less, commentators say.
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Are property investors pushing up house prices again?
Investor activity has picked up to 24.6 percent of the market, compared to a low of 22 percent between 2022 and 2024. Audio
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The 'longest, deepest, slowest' job market - recruitment agency
7 Oct 2025The prime minister claims jobs for young people are still out there, but one of NZ's largest recruitment agencies says the employment market is the tightest it has been in decades. Audio
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Weaker business survey tips odds towards bigger RBNZ rate cut
8 Oct 2025The closely-followed business survey increased the odds of a super-sized 50 basis point cut in the official cash rate on Wednesday afternoon.
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Calls to make it harder to buy booze with buy-now-pay-later services
7 Oct 2025The Salvation Army wants regulatory reform to make it harder to buy alcohol. Audio
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Global dairy prices drop 1.6% overnight
The soft result is in line with the market's prior expectations amid a strong milk supply, an analyst says.
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Weaker business survey tips odds towards bigger rate cut
7 Oct 2025The closely followed survey showed slowing demand, more staff cuts, reduced investment and profit expectations.
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More banks cut mortgage rates ahead of Reserve Bank decision
7 Oct 2025BNZ says it will reduce a number of its fixed-term rates.
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Why you might have fewer mail delivery days soon
7 Oct 2025Changes have been signed off that allow NZ Post to cut its mail service.
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Reserve Bank forms new financial policy committee
7 Oct 2025The Reserve Bank New Zealand has formed a new committee to make key decisions around financial stability.
