Stories by Anan Zaki
News
Interest rates expected to be slashed
As the economy slips into a recession, economists are forecasting the Reserve Bank will sharply cut the official cash rate.
Economy slips into recession
The economy shrank 0.1 percent at the end of last year, new official figures show. Audio
Air New Zealand 'record-high domestic airfares' called out
Airports are hitting out at Air New Zealand's domestic airfares and are calling for ticket prices to be independently monitored.
Air NZ suspends Chicago services after Rolls-Royce engine headaches
The airline says three planes will be unavailable for an extended period.
Godfrey Hirst eating into Bremworth's market shares, CEO says
Bremworth continues to struggle to meet demand after damage to its Napier yarn plant from Cyclone Gabrielle.
ERoad appoints second chief executive in unusual move
The New Zealand tech company is taking the unusual step of appointing a second chief executive to help run the business.
Global central banks will 'hang tough' on interest rates, Reserve Bank governor says
Adrian Orr says they will have to hang onto higher interest rates for longer than financial markets have been expecting.
Will interest rates go up this week?
What economists think will happen when the Reserve Bank reviews the OCR.
Inflation expectations concerning - Orr
The Reserve Bank governor says there's a risk predictions of higher inflation will become self-fulfilling.
ANZ New Zealand net profit down
ANZ New Zealand has seen a drop in full-year profit as it feels the effects of a tougher second-half. Audio
All eyes on earnings results for NZ's top listed companies
The final earnings season of the year swings into action this week, with investors and analysts paying close attention to what will be a health check on the broader economy.
Auckland investment advisor issued stop order for 'dishonest' activities
The Financial Markets Authority has issued an interim stop order against former journalist turned investment advisor David McEwen..
Foodstuffs proposes merger of two co-ops
The country's biggest supermarket operator wants to merge its various businesses into a single national co-operative.
ACC reports bottom-line surplus, increase in investment portfolio value
ACC's annual report showed its investment fund grew to $46.9 billion, driven by positive investment returns.
Highly-indebted households likely to experience 'pockets of stress' - RBNZ
New Zealand's financial system remains strong as it adjusts to higher interest rates, but the central bank warns a greater share of households will feel more pressure.
Shareholders fume over Auckland Airport delays
Grumpy shareholders have grilled Auckland Airport over long queues and delays faced by international passengers.
Travel sector bouncing back in post-Covid recovery
The tourism and travel sector results are expected to show the industry's Covid recovery in full swing, but not quite back to pre-pandemic levels.
Dunedin company verifying the origin of products raises US$57m in funding
Oritain is looking to expand its reach with the funding, after strong demand from Europe and the United States.
'Early days' in possible Eroad takeover - but some shareholders not happy
A repeat of the recent Pushpay saga could be possible as transport software company Eroad evaluates a takeover offer, the Shareholders' Association says.
'We've got nothing to hide': Banks will engage with probe but don't think it's needed
Banks say the sector is already competitive as the industry faces a government-ordered market study conducted by the Commerce Commission.
NZ in recession as GDP falls for second quarter
The latest data on gross domestic product shows New Zealand's economy is now in recession.
Auckland Airport says airlines are posting 'healthy' profits, can afford price hikes
Auckland Airport says airlines can afford its increasing charges. They typically pass on additional costs to customers through airfares.
Infratil to take full ownership of One NZ in $1.8b deal
The infrastructure investor currently owns about half of One NZ, formerly Vodafone.
New Zealand start-up launches AI powered investment platform
A New Zealand start-up has launched an artificial-intelligence powered investment platform, allowing everyday investors to use the technology when making investment decisions.
Mini-earnings season to offer economic health check
About 20 companies are set to report over the next two weeks, offering an insight into how firms are coping in the current inflationary environment.