New Zealand’s economy contracted more than expected in the December quarter, with GDP falling 0.6 percent.

Dairy cooperative Fonterra has reported a strong 50 percent increase in its first-half profit, doubled its first-half dividend and announced plans for an $800 million return to shareholders.

The Reserve Bank and the Minister of Finance have been attacked over monetary policy and inflation by the free market think tank, the New Zealand Initiative.

Markets in Europe and the US fell sharply as as investors worry about how troubled Swiss banking giant Credit Suisse will handle the fallout from US bank failures.

Farmers’ incomes could drop by as much as a third this season as deflated demand reduces farmgate returns amid ever-increasing input costs.

After years of construction, crime and lockdowns, some businesses think they are witnessing the city’s long overdue comeback.

Official documents show that following last year’s nationwide alert level 4 lockdown, there was a significant uptake in buy now pay later usage compared to uptake for other credit products.

Nearly 40,000 borrowers who used the Harmoney online lending platform over the past seven years are in for refunds.

The country’s biggest port increased its profit in the face of supply chain disruptions, with booming log and kiwifruit exports helping to lift cargo volumes.

The ANZ-Roy Morgan survey of consumers shows headline confidence fell 3 points in August to 110, which is still below the long run average of 120.