ASB profit dips as it grows its workforce by 13% and puts $33m aside for customer compensation
The bank reports an annual profit of $1.45 billion. Source: NZ Herald Business News
SkyCity Adelaide historically put profit over compliance, investigation finds
SkyCity keeps casino licence; CEO apologises, says it will spend $60m on making changes. Source: NZ Herald Business News
Media Insider: Top Sky TV executive Lauren Quaintance departing, after playing key role in $1 Three deal; Three boss Juliet Peterson joins Sky executive
Lauren Quaintance has played a pivotal role in the strategic direction of pay-TV operator. Source: NZ Herald Business News
Central Hawke’s Bay businesses with potential for global impact recognised at export awards
Central Hawke's Bay businesses Starboard Bio and Ovenden Seeds taste success at awards. Source: NZ Herald Business News
Media Insider: Media Wellbeing Survey – how New Zealand’s remaining journalists feel about their roles and the industry
A new survey of journalists reveals 'emotional exhaustion' amid 'sobering' results. Source: NZ Herald Business News
The double tax hitting ratepayers in the pocket, another rate cut looms and concrete data shows hard times roll on – Inside Economics
ANALYSIS: Liam Dann takes a deeper dive into the week's economic news. Source: NZ Herald Business News
Government warned of risks with polytech merger break-up: ‘Similar, if not worse’ financials
A paper said the proposed future appears to be similar, if not worse. Source: NZ Herald Business News
New Zealand house values slump 13% below Covid peak
The housing market is still adjusting to a softer economic environment. Source: NZ Herald Business News
Reserve Bank of Australia cuts cash rate target to 3.60%
The Reserve Bank of Australia has cut its Official Cash Rate target to 3.6%. Source: NZ Herald Business News
Adrian Orr’s Reserve Bank hiring spree unwound, with proposal for 1 in 4 jobs to be cut
The proposal would only take staffing back to 2023 levels. Source: NZ Herald Business News