NZ supermarkets are rationing baby formula because of fears of a shortage caused by Chinese buyers selling it in bulk to parents back in their homeland.

Business confidence stalled in December, according to the latest Quarterly Survey of Business Opinion.

Telecom admits misleading more than 130,000 of its broadband customers, the eighth time its been in trouble over the Fair Trading Act since 2003.

Buying a bunch of flowers, parking a car and paying bills or fines by credit card could all result in customers having to pay new surcharges.

Good food and electronics are among the top luxury items Kiwis will spend their spare cash on in the next six months.

Resourceful Kiwis spent Boxing Day finding a solution to unwanted presents - reselling them on Trade Me.

The mad last-minute rush for Christmas presents shows no signs of slowing down as New Zealanders continue to flock to retail stores.