New Zealand's Latest Breaking News, Business, Sport, Weather, Entertainment, Politics

Latest FromLiam Dann

Petrol prices rose in the June quarter pushing inflation higher. NZME File Photo.

BUSINESS

Higher petrol prices drive up inflation

16 Jul, 2019 9:43am
3 minutes to read

The Consumer Price Index shows higher fuel costs driving a slight rise in inflation.

There are many broken hearts across New Zealand today. Photo / File.

BUSINESS

Can you handle failure? Business lessons from the Black Caps loss

15 Jul, 2019 11:18am
7 minutes to read

Feeling glum about the Black Caps? The Harvard Business Review has some tips for coping.

Ross Taylor bats during the Cricket World Cup 2019 match between New Zealand and Australia at Lord's. Photo / Photosport

BUSINESS

Liam Dann: Unlikely rock stars - the economy vs the Black Caps

14 Jul, 2019 6:00am
5 minutes to read

COMMENT: Why our frustrating, patchy but "better-than-we-think" economy is like Black Caps

Bank profits were up in the first quarter of 2019 despite a subdued lending environment. Photo / File

BUSINESS

Banks make $1.45bn in three months despite market changes

11 Jul, 2019 6:28pm
3 minutes to read

Bank profits were up in the first quarter of 2019 despite a subdued lending environment.

Close-up of the vehicle plug on New Zealand's first solar-powered electric vehicle (EV) charger which is located in downtown Tauranga. NZH File Photo.

BUSINESS

Liam Dann: Kiwis are still too addicted to petrol

9 Jul, 2019 6:30pm
4 minutes to read

Electric vehicles are cheaper but are still losing the race against the oil industry.

President Donald Trump poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, Saturday, June 29, 2019. (AP Photo)

BUSINESS

'Be unapologetic globalists' - OECD advice to NZ

8 Jul, 2019 11:00am
3 minutes to read

Open markets will prevail despite the current US/China trade tension, says OECD director.

The banks hold the aces, but did they overplay their hand? Photo / 123RF

BUSINESS

Liam Dann: Aussie bankers overplayed their hand

7 Jul, 2019 5:00am
5 minutes to read

COMMENT: New Zealanders should be careful to not overplay theirs.

On the rise: Stocks soared on Wall Street this week, erasing the market's losses from May. Photo / AP

BUSINESS

Market Watch: Why shares are hitting new highs as economic fears rise

6 Jul, 2019 8:20am
3 minutes to read

The 10-year market bull run just keeps going as interest rates fall around the world.

BNZ and ANZ banks. Could they list on the NZX if the Aussie bosses don't get their way? Photo / File

BUSINESS

Threat of Aussie bank sell-down welcomed by local market

3 Jul, 2019 6:16pm
4 minutes to read

Local market players would welcome the NZX listing of local banks but don't believe it

ANZ says the proposed capital requirements would see it reduce its NZ footprint. Photo / Getty Images

BUSINESS

ANZ threatens to 'review and reconsider' NZ operations

1 Jul, 2019 4:06pm
5 minutes to read

ANZ says the proposed capital requirements would see it reduce its NZ footprint.

It seems worth remembering how far we have come. Photo / 123RF

BUSINESS

Liam Dann: The economic numbers that would have blown us away in 1980s

30 Jun, 2019 5:00am
5 minutes to read

COMMENT: How the economy has changed in the past 30 years.

Financial Markets Authority chief executive Rob Everett (left), and the Reserve Bank Governor Adrian Orr, now face a fresh round of inquiry into ANZ's governance performance. Photo / File

BUSINESS

Will regulators get straight answers from ANZ's board?

29 Jun, 2019 8:45am
7 minutes to read

Who will review the ANZ board? How long will it take and what power do regulators have?

Ex-CEO of ANZ New Zealand David Hisco left under a cloud. In the wake of his departure both the RBNZ and FMA will now look into governance at the bank. File Pic.

BUSINESS

Watchdog confirms it is looking at Hisco house issue

28 Jun, 2019 5:48pm
3 minutes to read

The FMA and RBNZ will both now be probe matters relating to ANZ's governance

ANZ New Zealand chairman John Key. Photo / File

BUSINESS

ANZ board was called to RBNZ Governor's office

26 Jun, 2019 7:00pm
5 minutes to read

ANZ still refuses to answer specific questions about sale of a house to the ex-CEO's wife.

The first commercial Boeing 787 Dreamliner aircraft run by China Southern Airlines lands in Auckland. Photo / File

BUSINESS

Could NZ accommodate another 200 million tourists over next 20 years?

25 Jun, 2019 7:00pm
6 minutes to read

New Zealand is set to benefit from its position mid-way between China and South America.

BUSINESS

Liam Dann: Banks in the gun as Government and regulators talk tough

24 Jun, 2019 6:44pm
4 minutes to read

The Government, FMA and Reserve Bank released a rapid-fire barrage of banking initiatives.

Financial Markets Authority chief executive Rob Everett, left, and the Reserve Bank Governor Adrian Orr after releasing the initial Bank Conduct and Culture Report in November. NZH File Photo

BUSINESS

'You need to lead by example': Bank bosses served a warning in major new report

24 Jun, 2019 2:22pm
3 minutes to read

RBNZ Governor warns bigger questions remain about the governance culture of our banks.

Former ANZ New Zealand CEO David Hisco. Photo / NZ Herald

BUSINESS

Liam Dann: Hisco's departure the spark in tinder dry banking sector

23 Jun, 2019 5:00am
5 minutes to read

COMMENT: The departure hits local banking at a time when tensions were already high.

Tony Mitchell, new chairman of the NZ Shareholders Association. Photo / File

BUSINESS

The interview: New Shareholders Association chair to keep pressure on boards

22 Jun, 2019 8:40am
7 minutes to read

New Shareholder's Association chair Tony Mitchell wants Kiwi investors to be more engaged.

Building boom - GDP in the first quarter has been bolstered by strength in the construction sector. Photo / Getty Images

BUSINESS

Building boom keeps GDP growth on track - just

20 Jun, 2019 6:58pm
4 minutes to read

GDP growth came in on target for the first quarter but held warnings for the outlook

Former ANZ boss David Hisco. Photo / Getty Images

BUSINESS

Liam Dann: Was ANZ boss David Hisco thrown under the bus?

19 Jun, 2019 6:20pm
5 minutes to read

COMMENT: There are some big questions hanging over the high-profile departure.

Construction may have accounted for half of GDP growth in the first quarter. Photo / Jason Oxenham

BUSINESS

Liam Dann: Unloved and out of fashion - GDP still matters

19 Jun, 2019 5:00am
4 minutes to read

GDP growth still plays a big part in national wellbeing - so how is it tracking?

Former ANZ New Zealand boss David Hisco. Photo / Getty Images

BUSINESS

NZ bank conduct review won't address Hisco concerns

18 Jun, 2019 6:38pm
4 minutes to read

A bank conduct and culture review due this month won't address concerns about ex-ANZ head.

Sir John Key was a guest speaker at the Institute of Finance Professionals NZ. Photo / Greg Bowker

BUSINESS

Liam Dann: Pressure on Key as ANZ turmoil grows

17 Jun, 2019 12:45pm
3 minutes to read

Pressure is mounting on ANZ chairman John Key after the second serious issue this year

Pigs at a farm in Jiangjiaqiao village in northern China's Hebei province. Photo / AP

BUSINESS

Liam Dann: Swine fever casts shadow on global economy

16 Jun, 2019 10:56am
5 minutes to read

COMMENT: Epidemic has potential to change the economic equations for New Zealand.

A pump operates in a Texas oil field. Photo / AP

BUSINESS

Liam Dann: Oil price slump points to relief at the pump

14 Jun, 2019 6:00pm
4 minutes to read

Good news for drivers as oil prices have repeated 2018 mid-year slump.

Westpac economists are picking that the housing market will bounce sharply next year. Photo / File

BUSINESS

Economist: Housing market to take off again next year

13 Jun, 2019 5:00am
3 minutes to read

Westpac economists are picking that the housing market will bounce sharply next year.

Annual net migration has remained at high levels since December. Photo / AP

BUSINESS

NZ's migration 'second wind' still blowing as numbers rise

12 Jun, 2019 7:01pm
4 minutes to read

Net migration continues to track above economist expectations, new numbers show.

Reserve Bank Governor Adrian Orr an OCR press conference in Wellington. Photo / File

BUSINESS

Liam Dann: We can't let Aussies hijack our banking debate

9 Jun, 2019 5:00am
5 minutes to read

COMMENT: Will safer banks mean higher costs? Let's not let Aussie spin dominate debate.

New Zealand's Reserve Bank Governor Adrian Orr speaks to media. Photo / Mark Mitchell

BUSINESS

The interview: Adrian Orr's battle with Aussie banks

8 Jun, 2019 8:49am
9 minutes to read

Why are Aussie bankers so upset with Adrian Orr? Liam Dann talks to the RBNZ Governor.

Reserve Bank governor Adrian Orr is defending his position fiercely. Photo / Mark Mitchell

BUSINESS

'There will be winners and losers': Reserve Bank boss responds to backlash

5 Jun, 2019 5:00am
3 minutes to read

RBNZ Governor says future generations need to be represented in the bank capital debate.

BUSINESS

Rising costs: The big fear for Kiwi consumers

4 Jun, 2019 5:00am
3 minutes to read

Consumer survey shows rising living costs dominate New Zealanders' concerns.

Donald Trump and Xi Jinping - how they play their cards will affect the global economy. Illustration / Rod Emmerson

BUSINESS

Liam Dann: Government can't blame trade war for low growth

2 Jun, 2019 5:00am
5 minutes to read

COMMENT: Govt's attempts to blame the sluggish economy on global woes don't ring true.

President Donald Trump, second from right, meets with China's President Xi Jinping, second from left, during their bilateral meeting at the G20 Summit, December 2018. AP Photo.

BUSINESS

NZ market a 'safe haven' from trade war

31 May, 2019 5:48pm
3 minutes to read

Market analysts fear that Donald Trump's tough trade talk may back fire on Wall Street.

Finance Minister Grant Robertson reads his Wellbeing Budget 2019 in Parliament yesterday. Photo / File

BUSINESS

Liam Dann: Budget puts Government on a tight-rope

31 May, 2019 7:30am
4 minutes to read

With the economy slowing this Wellbeing Budget was always going to be up against it.

The outlook of the residential construction sector remained particularly gloomy in May, ANZ's survey showed. Photo / File

BUSINESS

Business confidence gets bounce off CGT backdown

29 May, 2019 6:20pm
3 minutes to read

The Government's capital gains tax call has boosted business confidence - but not by much.

US President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. Photo / AP

BUSINESS

Economist: Trade war not all bad news for New Zealand

29 May, 2019 11:00am
3 minutes to read

ANZ's chief economist for China says trade war tensions are largely technology-focused.

Finance Minister Grant Robertson with a hot off the press copy of the Government's Wellbeing Budget, to be presented to Parliament on Thursday. Photo / Mark Mitchell

BUSINESS

Budget preview: NZ slowdown could limit wellbeing

28 May, 2019 5:00am
3 minutes to read

Budget Preview: Will the Government have money to spend on "well being"?

BNZ and ASB atm's, Queen St. NZ Herald File Photo.

BUSINESS

Liam Dann: Should our banks take less risk?

27 May, 2019 5:00am
3 minutes to read

Tougher Bank capital rules could come with social implications, S&P Ratings director

In 1991, Finance Minister Ruth Richardson - pictured with Prime Minister Jim Bolger - delivered a divisive Budget to end all Budgets. Photo / Archive

BUSINESS

Liam Dann: Why this is the warm Milo and pyjama Budget

26 May, 2019 5:00am
5 minutes to read

COMMENT: "Wellbeing" Budget sounds the polar opposite of brutal budgets of the past.

BUSINESS

Liam Dann: PM plays heart strings not purse-strings

25 May, 2019 8:48am
4 minutes to read

In her pre-Budget speech to business the PM offered plenty of vision but little detail.

Finance Minister Grant Robertson has pulled about $15 billion a year of new spending out of his hat. Photo / 123RF

BUSINESS

Liam Dann: Govt pulls a deft debt trick

23 May, 2019 6:30pm
4 minutes to read

The Government bets big that it can loosen the purse strings and still look conservative.

Finance Minister Grant Robertson. Photo/File.

BUSINESS

Government gives itself more wriggle room on debt

23 May, 2019 8:59am
4 minutes to read

The move potentially gives the Government more scope for spending in its second term

US President Donald Trump has markets on a string. Photo / AP

BUSINESS

Liam Dann: Trump playing global market like a yo-yo

22 May, 2019 6:38pm
5 minutes to read

With stock markets still hitting record highs, does Donald Trump have a magic formula?

Westpac economists are picking a rebound for Auckland house prices. NZH file photograph.

BUSINESS

Lower rates a 'game changer' for economy

22 May, 2019 5:00am
3 minutes to read

Westpac economists are picking a housing rebound and GDP growth following rate cuts

Prime Minister Jacinda Ardern announcing the Government has rejected a proposed capital gains tax at Parliament, Wellington. 17 April, 2019. NZH photograph by Mark Mitchell.

BUSINESS

CGT call leaves tax strategy 'in tatters'

21 May, 2019 5:00am
3 minutes to read

The Government must outline a new tax strategy to hit its own targets, says David Snell

Grant Robertson will deliver the first Wellbeing Budget next week. Photo / Stephen Parker

BUSINESS

'Last throw of the dice' for Govt 'running out of time'

20 May, 2019 11:05am
3 minutes to read

Government is running out of time to prove it's committed to change, says economist.

Characters on Game of Thrones are generally gloomy about the onset of winter. Photo / AP

BUSINESS

Liam Dann: Winter is coming - that doesn't mean the end of days

18 May, 2019 7:00pm
5 minutes to read

COMMENT: Based on current projections, New Zealand should be fine.

Finance Minister Grant Robertson reading his Budget 2018 in Parliament. Photo / Mark Mitchell

BUSINESS

Robertson: Budget 2019 more like a company 'annual report'

17 May, 2019 5:00am
10 minutes to read

Economy Hub: Finance Minister Grant Robertson talks to Liam Dann ahead of Budget 2019.

In a sea of data, where should you look for the best clues to the economic outlook? Photo/Getty Images.

BUSINESS

Is NZ's economy in trouble? Here are the top five indicators

16 May, 2019 6:25pm
7 minutes to read

In a sea of data, where should you look for the best clues to the economic outlook?

On a monthly basis the country gained a net 4,500 permanent and long-term residents in March. Photo / Getty Images

BUSINESS

Migration eases in March, remains near historic highs

14 May, 2019 10:32am
2 minutes to read

Net migration eased in March although it remains near historic highs.

The Otara markets, an great example of multicultural New Zealand. Photo / Brett Phibbs

BUSINESS

Liam Dann: NZ leads world on immigration rate - and the debate

12 May, 2019 11:00am
5 minutes to read

COMMENT: Govt has not delivered on promises to cut immigration - and that's a good thing.

President Donald Trump speaks during a event, in the Roosevelt Room of the White House, Thursday, May 9, 2019, in Washington. (AP Photo)

BUSINESS

No deal: Trade war escalates as Trump hikes China tariffs

10 May, 2019 6:02pm
4 minutes to read

President Donald Trump has imposed 25 per cent tariffs on US$200 billion of Chinese goods

BUSINESS

Immigration: The number that proves Winston's not in control

10 May, 2019 5:55pm
13 minutes to read

Labour and NZ First campaigned on curbing immigration. But we're back near record levels.

President Donald Trump speaks during a ceremony on the South Lawn of the White House in Washington, Thursday, May 9, 2019. AP Photo.

BUSINESS

Trump's ticking tariff time-bomb - 3pm deadline

10 May, 2019 9:58am
4 minutes to read

Donald Trump is playing hard-ball as trade talks with China get under way. Will it work?

Reserve Bank Governor Adrian Orr. Photo / Getty Images

BUSINESS

Liam Dann: Reserve Bank's bold OCR cut - did they get it right?

8 May, 2019 7:05pm
5 minutes to read

COMMENT: Reserve Bank has cut rates to a record low despite economy being far from bleak.

The Reserve Bank Rate cut could spark a property price revival, warn economists. Photo / File

BUSINESS

Rate cut will reignite NZ's housing market, says Westpac

8 May, 2019 6:40pm
4 minutes to read

The Reserve Bank Rate cut could spark a property price revival, warn economists.

Reserve Bank Governor Adrian Orr. Photo / File

BUSINESS

OCR cut to record low 1.5 per cent: what it means for you

8 May, 2019 2:00pm
2 minutes to read

The Reserve Bank has made its call on the OCR.

United States President Donald Trump. Photo / AP

BUSINESS

Donald Trump's hardball trade tactic a sign that China truce is near

7 May, 2019 6:58pm
4 minutes to read

Trade war tensions boiling over may be a sign a resolution is close, says visiting expert.

The biggest of perceived Government policy headwinds, the Capital Gains Tax proposal, has been swept definitively away. Photo / 123RF

BUSINESS

Liam Dann: Big Wednesday looms - are rates about to be cut?

7 May, 2019 6:50pm
5 minutes to read

There's a real chance the RBNZ will cut rates this week after more than two years on hold.

The slump in Aussie property prices are starting to show signs of easing. Photo / File

BUSINESS

Aussie property rebound could boost NZ

4 May, 2019 8:19am
3 minutes to read

The Australian economy retains considerable influence over New Zealand's fortunes.

Searching for wage growth. Low unemployment is not doing the job for workers. Photo / Getty Images

BUSINESS

Liam Dann: Stop hoping for a raise. It's not coming

1 May, 2019 7:33pm
4 minutes to read

Unemployment has fallen to near record lows but wages aren't rising - what's gone wrong?