The Reserve Bank has held its benchmark interest rate unchanged, as expected, but signalled rising risks may prompt a rate cut.

Forest owners are to be paid by a different method for the carbon their trees absorb, the government has announced.

Dame Jenny Shipley and two other directors of collapsed construction firm Mainzeal are appealing against a High Court decision that ordered them to pay $6 million each.

Apple announced four new subscription services in a star-studded presentation today, but it is unclear when each of the services might come to New Zealand.

The acquisition of a footwear company in North America has helped outdoor clothing retailer Kathmandu through a difficult Christmas trading season locally.

Mainzeal director Richard Yan is appealing a High Court decision which ordered him to pay $36 million relating to the company’s collapse saying the court made several errors, including its findings relating to liability.

Auckland electricity lines company Vector Limited has been ordered to pay over $3.5 million by the Auckland High Court because of an excessive amount of power outages.

The former chairman and majority shareholder of the rural firm PGG Wrightson have been ordered to pay $220,000 plus costs by the High Court.

GDP grew 0.6 percent – in line with what the market expected – mainly driven by the construction and services sectors.

Google has been hit with a $2.4 billion fine from the EU for blocking rival online search advertisers.