Trade Me marketplace hit with $138m write-down as revenue slides further
Parent company Titan Parent swung to a $113m net loss from a $9m profit. Source: NZ Herald Business News
Reserve Bank defends $850k Wellington to Auckland staff travel spend
The bank's costs for between-office travel in the age of Zoom has been labelled 'waste'. Source: NZ Herald Business News
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
Experts warn the rising defaults could fuel more company liquidations. Source: NZ Herald Business News
Mining royalty review: Grandfathered permits costing Crown hundreds of millions of dollars
Nearly half of new mining permits since 2013 still use 1996 royalty rates. Source: NZ Herald Business News
The quiet gold rush testing New Zealand’s appetite for mining wealth
Gold prices have surged past $7000 an ounce, driving new mine projects. Source: NZ Herald Business News
Ombudsman complaint prompts Reserve Bank to disclose it quadrupled Auckland lease costs
Finance Minister Nicola Willis wants the bank to sublease the space. Source: NZ Herald Business News
Major new gold mining projects to pay old royalty rate as gold soars
More than a decade on, the Crown's established gold royalties still haven't kicked in. Source: NZ Herald Business News
Treasury warns ACC costs unsustainable despite smaller deficit
Treasury warned the long-term claims pool has almost doubled since 2017. Source: NZ Herald Business News
Local elections deliver New Zealand’s oldest mayoral line-up in recent history
The average age of big-city mayors has climbed to nearly 68. Source: NZ Herald Business News
NZTA’s $1.4b contactless ticketing rollout faces value drop amid major delays
The value of the Govt’s delayed National Ticketing Solution has fallen significantly. Source: NZ Herald Business News