A third large trading bank has cut a deal with a consumer group suing it over unfair penalty fees.

Westpac Bank New Zealand’s first-half profit fell as competition for deposits and a higher cost of funds drove down revenue.

A series of videos has been launched to get more public backing for trade after thousands of people marched against the controversial Trans Pacific Partnership deal last year.

Fairfax Media has confirmed it is in talks with a private equity consortium which has offered to buy some but not all of the troubled media company.

Federated Farmers fears there could be more seizures of phosphate bound for New Zealand unless Western Sahara political problems can be resolved.

Auckland mayor Phil Goff has toned down plans for an additional rate on the city’s tourism accommodation.

Fonterra won’t say if it will repay Australian farmers millions of dollars in milk payout money it took back.

New Zealand’s commodity prices have held steady because of robust demand and supply shortages.

The Bank of New Zealand’s first half profit has fallen as it felt pressure on its margins and a fall in the valuer of some investments.

The number of job advertisements has picked up to the highest level in five months, reflecting a strong labour market.