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The Latest Business headlines from RNZ News
Site URL: www.rnz.co.nz/news/business
Feed URL: www.rnz.co.nz/rss/business.xml
Posts: 86
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Legislation to make international money transfers cheaper passes first reading
Published: April 29, 2026 08:31
New Zealanders currently pay more for transfers than those in Australia, the UK and the United States, with banks charging more in hidden fees.
Tailors fear industry is ageing out
https://www.rnz.co.nz/news/business/593749/tailors-fear-industry-is-ageing-out
Published: April 29, 2026 07:36
Tailors in Auckland say the amount of work they have is not slowing down, but not many younger people are choosing to get into the trade.
Australian mattress manufacturer A.H. Beard Limited collapses, leave 40 jobless
Published: April 29, 2026 06:59
The Australian parent company entered voluntary administration after 126 years in business yesterday with the New Zealand company placed into liquidation on the same day.
UAE's departure from OPEC 'radical move' - energy expert
https://www.rnz.co.nz/news/business/593698/uae-s-departure-from-opec-radical-move-energy-expert
Published: April 28, 2026 23:52
Energy expert David Keat says the United Arab Emirates may want to ramp up oil production beyond levels permitted under OPEC.
TUANZ seeks 'bold leadership' from government over AI worker training, national framework
Published: April 28, 2026 23:51
A new report highlights concern about how AI-automated entry-level tasks, traditionally used to train junior staff, are disappearing.
Proposed leave bill will make workers' lives 'materially worse', select committee hears
Published: April 28, 2026 23:38
Part-time and shift workers say they'll lose money under proposed leave entitlement changes - but the minister in charge says that's unavoidable.
ASB joins other banks in pushing up interest rates
https://www.rnz.co.nz/news/business/593677/asb-joins-other-banks-in-pushing-up-interest-rates
Published: April 28, 2026 21:54
ASB increased its fixed home loan rates across 12-month to four-year terms by between six and 16 basis points.
Investment in local start-ups holding up despite geopolitical uncertainty
Published: April 28, 2026 21:45
However, a new report says the average individual angel investment fell around 16 percent.
New direct-to-satellite technology launched to help farmers manage cattle from above
Published: April 28, 2026 20:50
Smart collar firm Halter has launched new direct-to-satellite technology that will work without the need for towers.
Questions asked about power price rises
https://www.rnz.co.nz/news/personal-finance/593649/questions-asked-about-power-price-rises
Published: April 28, 2026 18:51
Electricity bills are rising again, but by how much, and how do you get a better deal?
Wellington council considers support for struggling businesses after Moa Point disaster
Published: April 28, 2026 17:33
Dive Wellington owner Dave Drane says he's lost up to a quarter of his revenue since the treatment plant failed in February, pumping sewage into the sea.
Where does your tax money actually go?
https://www.rnz.co.nz/news/business/593644/where-does-your-tax-money-actually-go
Published: April 28, 2026 17:14
In the year to 30 June, 2025, total government spending was $183.5 billion.
Rising heating costs close Hokitika Pool
https://www.rnz.co.nz/news/regional/593639/rising-heating-costs-close-hokitika-pool
Published: April 28, 2026 16:50
The council posted on social media, announcing the pool will shut for roughly three to six months.
Government's diesel partnership good for supply not for price, Business NZ says
Published: April 28, 2026 16:50
The government announced a deal which will see Z Energy procure, own and manage 90 million litres of diesel at Marsden Point refinery's refurbished fuel tanks.
My Food Bag review after strong sales helps profit growth
https://www.rnz.co.nz/news/business/593620/my-food-bag-review-after-strong-sales-helps-profit-growth
Published: April 28, 2026 06:02
The meal kit company sais in March it was on track to deliver year-on-year profit growth.
How to cut your mortgage interest bill in half
https://www.rnz.co.nz/news/business/593612/how-to-cut-your-mortgage-interest-bill-in-half
Published: April 28, 2026 04:17
In total, 42.9 percent of home loan customers were paying more than the minimum repayment, up from 40.3 percent. Only 1.4 percent were behind on their payments, the same levels as previously.
NZX launches futures index, gives investors more risk management
Published: April 28, 2026 03:47
The S&P/NZX 20 Index Futures supports efficient pricing, enables effective hedging, and helps market participants mitigate risks.
Economic gains from India free trade deal modest to begin with - MFAT
Published: April 28, 2026 01:49
But MFAT says the economy is expected to be hundreds of millions of dollars better off each year once the agreement has fully come into force.
What are the budget basics you need for a comfy retirement?
Published: April 28, 2026 01:12
Forget your investment portfolios. Thrift looks at what you need to tick off before your final pay cheque.
India free trade deal: The NZ sectors set to benefit most
https://www.rnz.co.nz/news/business/593576/india-free-trade-deal-the-nz-sectors-set-to-benefit-most
Published: April 27, 2026 23:54
A look at the big winners, and who is missing out.
NZ Winegrowers joins global call for white wine emoji
https://www.rnz.co.nz/news/country/593574/nz-winegrowers-joins-global-call-for-white-wine-emoji
Published: April 27, 2026 23:23
Red wine and champagne have emojis but there is currently no dedicated white wine version across digital platforms
All active funds 'underperform' over past year, data shows
https://www.rnz.co.nz/news/business/593570/all-active-funds-underperform-over-past-year-data-shows
Published: April 27, 2026 23:05
2025 was not a good year for active fund managers in New Zealand, new data suggests.
Parents take Kmart to Disputes Tribunal over play sand containing asbestos
Published: April 27, 2026 21:48
Parents whose children played with asbestos contaminated sand are taking Kmart to the Disputes Tribunal and encouraging others to do the same.
Calls for NZTA boss to front up over SH3 closures
https://www.rnz.co.nz/news/business/593539/calls-for-nzta-boss-to-front-up-over-sh3-closures
Published: April 27, 2026 19:34
The Awakino Gorge slip on State Highway 3 has been closed seven times by weather-related events over the last 12 months.
Government shouldn't wait to loosen heavy vehicle restrictions, Transporting NZ says
Published: April 27, 2026 19:18
Chief executive Dom Kalasih is urging government ministers not to wait until an increase to Phase 2 of the national fuel plan to take action.
Here's how much sellers are cutting house prices
https://www.rnz.co.nz/news/business/593544/here-s-how-much-sellers-are-cutting-house-prices
Published: April 27, 2026 18:51
There's a lot of uncertainty in the air, with the potential for interest to rise, geopolitical tension and the election.
Concerns legal loophole is allowing landlords to run underground boarding houses
Published: April 27, 2026 17:41
There are concerns a legal loophole is allowing landlords to continue running underground boarding houses. Auckland Council inspected 38 illegal lodges last year and all but nine opted to revert...
Government shouldn't wait to loosen heavy vehicles restrictions, Transporting NZ says
Published: April 27, 2026 16:54
Chief executive Dom Kalasih is urging government ministers not to wait until an increase to Phase 2 of the national fuel plan to take action.
India trade agreement to be unveiled at Parliament within hours
Published: April 27, 2026 16:54
The signing in New Delhi overnight means the deal can go through Parliament - setting up a race against the EU for Favoured Nation access.
Auckland industrial, commercial land shortage pushing prices to record-high levels
Published: April 27, 2026 16:54
Recent property data indicates a shortage of suitably-zoned land in Auckland is seeing would-be buyers compete for development-ready sites.
Phone, video appointments part of Health Sector Fuel Response Plan
Published: April 27, 2026 06:01
The Ministry of Health is finalising a Health Sector Fuel Response Plan to ensure patients get appropriate attention during the fuel crisis.
Government looks to cut heavy vehicle regulations as part of fuel response
Published: April 27, 2026 01:19
The latest government data shows New Zealand's fuel stocks have continued to fall, but movements remain within expectations.
Indian free trade agreement due for formal signing in New Delhi
Published: April 26, 2026 18:54
Trade Minister Todd McClay is leading the delegation of MPs and business representatives for the historic occasion.
Climate Change Commission warns NZ ETS could fail without reform
Published: April 25, 2026 23:43
The commission says price spikes could lead to factories closing to reduce emissions, rather than investment in decarbonisation.
NZ bottom of world's savings rate - or is it?
https://www.rnz.co.nz/news/business/593458/nz-bottom-of-world-s-savings-rate-or-is-it
Published: April 25, 2026 23:43
A graphic circulating online from Visual Capitalist shows New Zealand ranked last in a comparison of countries' net household savings rate.
How much money do you really need to retire early?
https://www.rnz.co.nz/news/personal-finance/593433/how-much-money-do-you-really-need-to-retire-early
Published: April 25, 2026 19:10
Research from Stake showed almost half of New Zealanders aged 18 to 24 thought owning assets was more important to getting ahead than having a high salary.
Air New Zealand plane in Auckland with mechanical issues forces flights to divert
Published: April 25, 2026 01:02
Air New Zealand says a plane had a fault with its braking system and is being assessed by engineers.
Who's buying businesses? Surprising trends emerge
https://www.rnz.co.nz/news/business/593377/who-s-buying-businesses-surprising-trends-emerge
Published: April 24, 2026 16:53
The sale of small- and medium-sized businesses continues to increase, though there's been a shift in the mix of buyers and sellers.
Jump in casual job listings, as businesses uncertain about hiring
Published: April 24, 2026 06:07
And some workers say the benefits are stacked in favour of the employer.
OMV signals end of Maui gas field this year
https://www.rnz.co.nz/news/business/593343/omv-signals-end-of-maui-gas-field-this-year
Published: April 24, 2026 01:39
Energy company OMV has put a possible end date on gas production.
'You can leave school and be on $70k in your first year': Report shows increase in farm worker wages
Published: April 24, 2026 00:56
A new report shows shows the average salary of a farm worker increased three percent across the 13 roles it tracked compared to 2024, to $72,778 a year.
Issues with update to TVNZ+ platform cuts access for thousands of customers
Published: April 24, 2026 00:10
The update will allow the broadcaster to charge for sports events, but has caused issues with streaming on some televisions.
NZ's mid-sized businesses yet to realise returns on AI investment: Survey
Published: April 24, 2026 00:02
A survey of 500 business indicates New Zealand was lagging behind Australia in realising productivity gains from AI-driven processes.
Empty warehouse transformed into state-of-the-art metal refining facility
Published: April 24, 2026 00:02
A Christchurch tech company has opened a potentially groundbreaking metal refining facility
Kawakawa social housing planned for known flood zone 'beyond belief', some residents say
Published: April 23, 2026 18:50
"Why would you put people in harm's way, given that it's a flood plain," ask bemused neighbours.
Does wild weather make homes harder to sell?
https://www.rnz.co.nz/news/business/593271/does-wild-weather-make-homes-harder-to-sell
Published: April 23, 2026 17:30
Buyers often haven't had long memories of how floods have affected different areas - but there's a warning that could change if big storms become more frequent.
Number of jobs advertised continues to grow, SEEK says
https://www.rnz.co.nz/news/business/593263/number-of-jobs-advertised-continues-to-grow-seek-says
Published: April 23, 2026 16:53
Competition for jobs has continued to ease, with applications per job ad falling 2.8 percent, SEEK says.
Homes gutted and businesses closed as Wellingtonians count the cost of floods
Published: April 23, 2026 05:05
Homes will have to be gutted and businesses could be closed for months with damage estimated to potentially run hundreds of millions of dollars across the city.
Treasury officials revisit economic forecasts ahead of Budget delivery
Published: April 23, 2026 02:28
In a briefing at her Beehive office, Finance Minister Nicola Willis told reporters the move was "very unusual" and demonstrated the intense global volatility.
Airpoints gone - but what's actually changing?
https://www.rnz.co.nz/news/business/593230/airpoints-gone-but-what-s-actually-changing
Published: April 23, 2026 02:15
Airpoints is out. Koru is in.
French fashion house Chanel and NZ high country station team up
Published: April 23, 2026 01:01
The owners of Lammermoor Station will launch the joint venture with Chanel for the supply of its wool.
More reliable than money in the bank? Digital currency needed to help NZ's monetary sovereignty
Published: April 23, 2026 00:53
An expert says NZ should design a central bank digital currency (CBDC), which is something the Reserve Bank has been consulting on.
Chance Voight group investors face a 'substantial shortfall' according to liquidators report
Published: April 22, 2026 23:52
In December 2025, the Financial Markets Authority sought the liquidation of Rangiora-based Chance Voight Investment Corporation Limited (CVICL), and five of its main subsidiaries.
NZ stock market yet to appoint new chief executive after 10 months
Published: April 22, 2026 23:29
It has been 10 months since chief executive Mark Peterson announced he would step-down.
Chris Hipkins announces Labour will back India free trade deal
Published: April 22, 2026 23:02
Chris Hipkins says the party will help National pass the free trade agreement, but that parts of it are "almost impossible".
Police call for petrol stations to go prepay only as fuel thefts rise
Published: April 22, 2026 22:22
Police say there have been 100 extra fuel thefts per week since the Iran war started.
Hop farmers work to brew new markets; expand US, despite export hurdles
Published: April 22, 2026 21:52
Thirsty Americans enjoy New Zealand hops in their tap and bottled beers, but the market is now much more difficult and expensive for hop exporters to access.
BNZ joins rivals with interest rate rise
https://www.rnz.co.nz/news/business/593177/bnz-joins-rivals-with-interest-rate-rise
Published: April 22, 2026 20:45
From a low of 4.5 percent in November, all the main banks are now advertising two-year rates of more than 5 percent.
Town struggles amid Awakino Gorge closure
https://www.rnz.co.nz/news/regions_waikato/593176/town-struggles-amid-awakino-gorge-closure
Published: April 22, 2026 20:43
MÅkau, on SH3, is being described by locals as a "ghost town" due to the closure of Awakino Gorge.
Delays at Auckland Airport as Jetstar halts check-ins over tech problem
Published: April 22, 2026 20:27
Check-ins have been halted and some of the airline's departures have been delayed by a technical issue.
AI-generated Westpac boss used in scam ads on Facebook
Published: April 22, 2026 20:01
One of the country's biggest banks is calling on Meta - owner of Facebook and Instagram - to do more to protect New Zealanders from fraud and scams on its platforms.
Property investors who 'drank the Kool-Aid' wondering whether to take a loss
Published: April 22, 2026 16:50
As the market slumps again, sellers are facing the prospect of gambling on a recovery or just cutting their losses
Concerns over tobacco Industry involvement in illicit market crackdown, experts say warnings must be heeded
Published: April 22, 2026 06:27
A report on NZ's illicit tobacco market is under scrutiny, with concerns about links to the tobacco industry.
NZME independent review shows management has more to do
https://www.rnz.co.nz/news/business/593119/nzme-independent-review-shows-management-has-more-to-do
Published: April 22, 2026 06:16
Shareholders also heard year-on-year revenue was up about 3 percent in the first four months of the year, with a more positive outlook for its OneRoof business.
Airpoints no more: Air NZ announces rebranding
https://www.rnz.co.nz/news/business/593104/airpoints-no-more-air-nz-announces-rebranding
Published: April 22, 2026 04:03
The airline's loyalty programme is being rebranded as "Koru".
Aucklandās stalled Seascape tower goes up for sale
https://www.rnz.co.nz/news/business/593103/auckland-s-stalled-seascape-tower-goes-up-for-sale
Published: April 22, 2026 03:12
It was once set to become New Zealand's tallest building, but instead, a "for sale" sign is going up on the partially completed tower in Auckland's CBD.
Fuel stock still stable despite another fall, government says
Published: April 22, 2026 01:44
New Zealand's fuel stocks have dipped across the board according to the latest update, but the government says levels are stable and sufficient.
Xero founder Sir Rod Drury denies misconduct claims by former staffer
Published: April 22, 2026 01:34
The Xero founder claimed he had a "limited, consensual relationship", with ex-staffer Ally Naylor 10 years ago.
Despair in Auckland CBD over CRL slow crawl to finish line
Published: April 22, 2026 00:56
Businesses fear they will go under before the long-awaited City Rail Link opens.
'Pain' ahead for dairy farmers as prices ease
https://www.rnz.co.nz/news/country/593083/pain-ahead-for-dairy-farmers-as-prices-ease
Published: April 22, 2026 00:37
Farmers are being warned to brace for a challenging next season after prices eased at the latest global dairy trade auction.
Despair in Auckland CBD over CRK slow crawl to finish line
Published: April 22, 2026 00:22
Businesses fear they will go under before the long-awaited City Rail Link opens.
Active Investor Plus Visa draws in nearly $4b of foreign funds in first year since refresh
Published: April 22, 2026 00:04
Changes to the Active Investor Plus Visa, which gives wealthy foreigners residency if they directly invest in local companies, took effect last April.
City Rail link 'not enough' to revitalise downtown Auckland, entrepreneur says
Published: April 21, 2026 23:00
The former chairperson of the now merged Regional Facilities Auckland says more needed to be done to make the centre an attractive place that people wanted to come to.
HBO Max gets a New Zealand launch date
https://www.rnz.co.nz/life/screens/tv/hbo-max-gets-a-new-zealand-launch-date
Published: April 21, 2026 21:41
In a couple months, Kiwis will have a the new streaming service to watch Gilded Age, the new Harry Potter series and the next seaon of White Lotus.
Tim Batt: It's 'brutal' for creatives in New Zealand right now
https://www.rnz.co.nz/life/culture/tim-batt-it-s-brutal-for-creatives-in-new-zealand-right-now
Published: April 21, 2026 20:44
The comedian says while performers knew it would be a hard graft, it's harder than every to keep things afloat now.
Global dairy prices fall again amid geopolitical tensions
https://www.rnz.co.nz/news/country/593045/global-dairy-prices-fall-again-amid-geopolitical-tensions
Published: April 21, 2026 19:58
The average price at the fornightly auction fell for the second time this year, dropping 2.7 percent.
Australian company plans $3b lignite-to-fertiliser plant in Southland
Published: April 21, 2026 19:17
Victorian Hydrogen says the plant could deliver 1.5 million tonnes of urea fertiliser using Southland's lignite.
Why sharemarkets are still hitting records - and why NZ's left out
Published: April 21, 2026 18:57
Markets have been undeterred by war, rising interest rates and pressure on fuel supplies.
Benefit warning for KiwiSaver withdrawals
https://www.rnz.co.nz/news/business/593023/benefit-warning-for-kiwisaver-withdrawals
Published: April 21, 2026 17:24
More than $49 million was withdrawn from KiwiSaver in March for financial hardship reasons by 5610 people.
Demand for AI-related skills has grown and older workers are acing the pivot
Published: April 21, 2026 16:58
It comes as a global report forecasts a wave of layoffs in the tech sector will continue through to the end of the year.
Air New Zealand considering setting up aviation engineering school in Northland, MP says
Published: April 21, 2026 06:24
Northland MP Grant McCallum said the company was working with the local community to see if it would be feasible in Kerikeri.
Cheap blackmarket cigarettes with no health warnings concerning for experts
Published: April 21, 2026 05:32
The lack of graphic images of damaged lungs and hearts or health warnings is causing concern that messaging about cigarettes will be underminded.
Warning shoppers losing out as credit card benefits cut
https://www.rnz.co.nz/news/business/592977/warning-shoppers-losing-out-as-credit-card-benefits-cut
Published: April 21, 2026 03:03
BNZ has reduced the number of interest-free days available on two of its credit cards, in response to new interchange fee rules.
Kiwibank joins other banks with home loan rate rises
https://www.rnz.co.nz/news/business/592971/kiwibank-joins-other-banks-with-home-loan-rate-rises
Published: April 21, 2026 02:16
The move comes as concern grows about the future path of inflation.
Northland milk company stops deliveries over soaring fuel prices
Published: April 20, 2026 23:26
A combination of soaring fuel prices, global uncertainty caused by the Iran war, and challenging weather has forced Bella Vacca to stop its deliveries.
Inflation steady at 3.1 percent in first three months of 2026
Published: April 20, 2026 23:14
Stats NZ numbers show annual inflation was at 3.1 percent in the three months ended March, unchanged from the December quarter.