Latest FromBusiness Video

Reserve Bank leaves OCR on hold
Business

Reserve Bank leaves OCR on hold

Reserve Bank governor Graeme Wheeler said he's likely to keep the official cash rate at 2.5 per cent through 2013, repeating his view that the kiwi dollar is overvalued and that he stands ready to intervene again if needed.

 Duco: The business of boxing
Sport

Duco: The business of boxing

In part one of a three part series Steve Orsbourn talks to the Duco owners about the promotion of boxing bouts where debate remains over whether entertainment is more important than the sport itself.

New 'dirty money' law
Business

New 'dirty money' law

A new law designed to crack down on money laundering and terrorism financing in New Zealand is about to come into effect. PwC director Stephen Drain explains the changes.

Bill English delivers Budget 2013
Business

Bill English delivers Budget 2013

Finance Minister Bill English has stayed on the track set in previous years in today's Budget, reconfirming the return to surplus in two years while taking steps to reduce the risk of a housing bubble. Social housing is a big element of the Budget. Watch his speech in full.

Bill English: 'We are on track to surplus'
Business

Bill English: 'We are on track to surplus'

Tomorrow Bill English will deliver this Government's fifth Budget. Five years is a long time in economic terms, long enough for a complete cycle of expansion and contraction in the normal course of events. He touches on some of the things we can expect.

Investing in shares - Beginner's guide Part 3
Business

Investing in shares - Beginner's guide Part 3

Today we launch part three of our latest video series, a beginner's guide to investing in shares. How do I choose which companies to invest in? What does it mean to have a diversified portfolio? And who looks after my shares?

Bill English: Govt on track for 2015 surplus
Business

Bill English: Govt on track for 2015 surplus

The Government remains on track to return to surplus by 2014/15 but its current "firm" control on spending will continue beyond that date, Finance Minister Bill English said in a pre-Budget speech this afternoon.

Tiwai Point: Tim Shadbolt reacts
New Zealand

Tiwai Point: Tim Shadbolt reacts

Invercargill Mayor Tim Shadbolt talks to Cue TV about Tiwai Point. Prime Minister John Key says the Government will offer no more than the short-term subsidy offered last week to keep the Tiwai Point aluminium smelter open. Rio Tinto - which owns just on 80 percent of the 41 year-old smelter, rejected a short term subsidy offer over Easter weekend, saying it needed a long term deal and was returning to talks with its supplier, Meridian Energy.

John Key: Tiwai Point, Jesse Ryder and drought
New Zealand

John Key: Tiwai Point, Jesse Ryder and drought

Prime Minister John Key comments on discussions with Tiwai Point aluminium smelter's ultimate owners Rio Tinto and a bid to broker a deal, the attack on Black Cap Jesse Ryder, relief for the drought stricken farmers; and finally the 'golden handshake' for Solid Energy's Don Elder.

Novopay: 'No quick fix' says Joyce
New Zealand

Novopay: 'No quick fix' says Joyce

Mr Joyce also gave an update on progress with the Government's remediation plan to address issues with the school payroll system. A new dedicated Education Sector Payroll Services business unit to be established in the Education Ministry to co-ordinate the Remediation Plan.

Hawaiian Airlines says 'aloha' to Auckland
Business

Hawaiian Airlines says 'aloha' to Auckland

Hawaiian Airlines will start flying non-stop between Auckland and Hawaii. It will be the only United States airline to fly to New Zealand. The flights will provide significant new holiday options for Kiwis, increasing opportunities to fly to Honolulu and providing same carrier connections to the neighbour islands of Maui, Kauai and Hawaii Island, and services to 11 destinations on the US mainland, including Los Angeles, Las Vegas and New York.

Solid Energy: Don Elder 'I'm sorry'
New Zealand

Solid Energy: Don Elder 'I'm sorry'

Mr Palmer and former Solid Energy chief executive Don Elder made their highly anticipated appearance before Parliament's commerce committee this afternoon to answer questions about what led to the company's near collapse under $389 million in debt. Dr Elder told the packed committee room that the company's recent problems were down to a "perfect storm" of unprecedented coal price falls last year and the strong Kiwi dollar. He said it wasn't just New Zealand coal companies that were feeling the brunt of a drop in the price of coal, but US companies were also in serious trouble. He said the situation with Solid Energy needed to be looked at within an international context. Dr Elder offered an apology to workers on the West Coast who lost their jobs.

Watch: Reserve Bank leaves OCR on hold
New Zealand

Watch: Reserve Bank leaves OCR on hold

Reserve Bank Governor Graeme Wheeler has announced there will be no change to the Official Cash Rate, which sits at a record low 2.5pc. The financial markets saw no chance the Reserve Bank would raise the official cash rate today so their focus will be on how the accompanying monetary policy statement describes the balance of risks going forward. The kiwi dollar dropped on the news.

Raw: Key distances Govt from Telecom cuts
Business

Raw: Key distances Govt from Telecom cuts

The Prime Minister distanced himself from news that Telecom will slash hundreds of jobs as it seeks to reduce costs across its business. "Telecom is going through it's own set of issues," he said. A decision to cut jobs by the telecommunication giant's new chief executive was "not really an issue in any way related to the Government," Mr Key said.

Raw: John Key comments on Solid Energy
Business

Raw: John Key comments on Solid Energy

Prime Minister John Key has denied that the Solid Energy crisis and Telecom job cuts are a black mark against the Government's handling of the economy. A Government bailout of state-owned enterprise Solid Energy appears likely as Mr Key today described the situation as "extremely serious" and one that the Government will have to get involved in.

What John Key did say about TVNZ land
New Zealand

What John Key did say about TVNZ land

Prime Minister John Key was questioned in Parliament Wednesday about SkyCity hatching a land deal with TVNZ to make room for the larger convention centre he wanted. NZ First leader Winston Peters had called it a "secret side deal".