WELLINGTON New Zealand's central bank held interest rates steady on Wednesday but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad.
WELLINGTON/SYDNEY New Zealand's deputy prime minister on Monday called on the chairman of the local unit of Australia and New Zealand Banking Group to step down as regulators ramped up pressure on the lender to improve its internal risk controls and governance.
WELLINGTON New Zealand's central bank is expected to hold interest rates steady on Wednesday, but keep the door open for further easing to support growth in the face of slowing external demand and broadening global pressure from a heated Sino-U.S. trade war.
WELLINGTON New Zealand's economy expanded at a steady pace in the first quarter, thanks to solid construction activity, but policymakers are expected to cut rates again before year-end to underpin growth in the face of a slowing housing market and global demand.
SINGAPORE/WELLINGTON Air New Zealand Ltd's Chief Executive Christopher Luxon is stepping down in September after seven years in the role, as one of the nation's most prominent businessmen considers a career in politics among his options.
WELLINGTON/SYDNEY Australia and New Zealand Banking Group Ltd (ANZ) said the head of its New Zealand unit has left over a dispute about personal expenses, a sign of heightened self-regulation at a banking giant following a bruising inquiry.
WELLINGTON New Zealand on Thursday unveiled a $2.5-billion (£1.98 billion) spending package under a much-hyped 'Wellbeing' budget, prioritising mental health and alleviating child poverty, but it expects a smaller surplus and slower economic growth over the next year. | Video
WELLINGTON New Zealand's treasury department said on Tuesday it was deliberately hacked after the country's opposition party released what it said were key details of a budget due to be announced on Thursday.
WELLINGTON New Zealand pub owner Chris Dickson worries his staff is overworked. He expected employment visas for two new overseas workers to be approved weeks ago, but the paperwork was delayed with no clear reason given.
WELLINGTON/SYDNEY Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt.