Buyer named: $26m paid for neighbouring Herne Bay villas, each with a pool
Commodities trading heir in $26m deals.
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Latest from Economy
OCR preview: Big cut coming this week - but how low will rates go?
A 50-basis-point cut this week is near certain but the longer-term track is hard to pick.
Losing our young people: New stats reveal age of Kiwis leaving the country
The new data show 47,100 Kiwis departed in 2024, the largest number ever recorded.
Tourism numbers well up last year but still below pre-Covid levels
The data emerged soon after a new bid to lure foreign visitors.
‘Eight-week average’: Tenancy Tribunal on how long it’s taking to hear a case
From March 20, the tribunal will be able to decide cases on paper without hearings.
Opinion: Green shoots emerge as business confidence rebounds
The Fonterra payout this season is the highest in history.
Liam Dann: Could Trumponomics ruin plans for a rate cut recovery?
Local food prices are rising again and US trade policy threatens to lift global inflation.
Bruce Cotterill: Time for decisive action to get NZ back on track
Opinion: Why NZ's growth agenda is too slow for urgent challenges.
Monthly food price rise biggest since 2022
Food prices across all categories rose, with grocery prices up 3% in the month.
How local businesses believe they can outshine big brands like Freedom
Local businesses say they still have something special to offer customers.
Editorial: ‘Woke’ or not, political meddling in business sets dangerous precedent
OPINION: It's not for politicians to decide if banks are too woke it is for shareholders.
US stocks mostly lower on ‘chunky’ inflation
US stocks mostly lower on inflation, euro gains on Ukraine peace hopes.
Inside Economics: The return of ‘voodoo economics’ - do lower taxes generate more revenue?
Liam Dann takes a deeper look at the logic behind low tax regimes and the options for NZ .
Kiwi summer spending lifts as cultural habits change
The data from Kiwibank shows Kiwis spent more on experiences than retail products.
Property Insider: Fixing Ryman’s sinking Edmund Hillary hub; Britomart revitalisation turning 20
Site was rubbish dump, says boss of Mainmark, drilling through floor slabs up to 4m down.
Corporate tax rate cut unlikely to spur growth, but three other things could work, expert says
Call for more targeted tax tweaks as economy languishes.
Foodstuffs and Watercare clash over new $100m Highland Park supermarket
Watercare says it has offered an interim solution so the opening can happen on time.
Market Watch: Share markets are rattled, but here’s why one fund manager remains optimistic
Liam Dann talks tariff turmoil with Pie Funds CIO Mike Taylor.
‘So expensive’: Avian flu triggers US egg price hike, shortages
Supermarkets in Washington often have empty or sparsely stocked egg shelves.
Liam Dann: The most brutal and personal economic statistic
OPINION: When inflation bites, we all feel it. But losing your job is personal.
SPCA to pay $29,000 after flawed dismissal of volunteer coordinator
The ERA ruled the dismissal process was unfair and disproportionate.
'Later than we hoped' - SkyCity reveals another big Convention Centre delay, hands out blame
Opening date is now 12 months away, says SkyCity. Fletcher says there's been no change.
Opinion: Regulatory Standards Bill is extreme and unjustified
Minister David Seymour claims 'most of New Zealand’s problems' stem from poor regulation.
Young people bear the brunt – youth unemployment hits 23%
More than half of New Zealand's newly unemployed last year were aged 15-19.
Inside Economics: Trump’s trade war – counting the ways it could hit Kiwis in the back pocket
OPINION: Why do economists hate tariffs? And what will they do to your mortgage rate?
‘We can’t leave tax off the table’ – Willis talks up business-friendly tax tweaks
Corporate tax rate cut and relief for investors in foreign firms up for consideration.
New Zealand in a seller’s market as business sales rise
It's the first time the market has been seller-driven since ABC's reporting began in 2020.
33,000 jobs gone in a year - new data reveals extent of recession
Unemployment hit its highest level in more than four years.
Property Insider: Billionaires want Herne Bay trees axed, two bookings at SkyCity’s convention centre
Is the money being cited really what it will cost to fix apartments near Eden Park?
Is manufacturing finally firing up again?
Small and medium-sized firms more optimistic now than they were just before the New Year.
Job market jitters: What’s in store for 2025
Increasing numbers of jobseekers are battling for fewer jobs.
Data expected to show more than 30,000 jobs lost in 2024
New labour market data from Stats NZ this week will reveal how bad the recession has been
NZ’s biggest new supermarket opens this month
More than 250 staff will work at the new store; over 200 job offers have been made so far.
Liam Dann: When even the world’s oldest profession is struggling, you know times are tough
OPINION: The economy still feels bad but a recovery is slowly gaining momentum.