Economy

Letters have been sent to people who would normally have their tax assessed automatically and who Inland Revenue knows have traded on one or more crypto-asset exchanges (file image).

'You're not invisible': IRD warns crypto investors in tax crackdown

The agency said it had identified 355,000 unique users, who had collectively undertaken around 57 million transactions with a total value of $36 billion.

12:26pm

The agreement is set to be signed in the first half of next year.

Next stage in NZ-India free trade agreement confirmed

The official signing would trigger the formal legislative process, with the full text of the agreement and a national interest analysis to be tabled in Parliament.

9:13am

1:29

Composite image by Vania Chandrawidjaja (Source: iStock/1News)

Is Anzac Day Saturday or Monday? And what about shops, surcharges and pay?

The national day of remembrance held annually on the 25th looks a little different this year as it falls on a Saturday.

6:00am

Working New Zealanders over the age of 65 are contributing more than $34 billion a year to the economy.

Kiwis over 65 contributing more than $34b a year to the economy

Unpaid work made up the bulk of the contribution, exceeding $20 billion per year.

Sat, Apr 18

Fuel price pressure could mean May OCR increase, top economist says

Data shows total fuel spending in March was just over $580 million – about 10% higher than a year earlier.

Sat, Apr 18

'You're not invisible': IRD warns crypto investors in tax crackdown

The agency said it had identified 355,000 unique users, who had collectively undertaken around 57 million transactions with a total value of $36 billion.

12:26pm

Next stage in NZ-India free trade agreement confirmed

The official signing would trigger the formal legislative process, with the full text of the agreement and a national interest analysis to be tabled in Parliament.

9:13am

1:29

Is Anzac Day Saturday or Monday? And what about shops, surcharges and pay?

The national day of remembrance held annually on the 25th looks a little different this year as it falls on a Saturday.

6:00am

Kiwis over 65 contributing more than $34b a year to the economy

Unpaid work made up the bulk of the contribution, exceeding $20 billion per year.

Sat, Apr 18

Fuel price pressure could mean May OCR increase, top economist says

Data shows total fuel spending in March was just over $580 million – about 10% higher than a year earlier.

Sat, Apr 18

Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, in March.

Oil prices fall sharply as Iran reopens the Strait of Hormuz

US stocks also raced toward another record following Iran's announcement.

Sat, Apr 18

Steel your nerves homeowners, interest rates are set to rise again

The mortgage rate party is over. Here's what to do next.

Sat, Apr 18

Fuel price increases due to the war in the Middle East have added to the pressure on purses and wallets.

Latest spending data: What we're cutting back on – or going without

Stats NZ data shows fuel prices distorting consumer spending as households trimmed discretionary spending to cover higher fuel bills.

Fri, Apr 17

Another major bank increases home loan rates

Westpac has announced it will be increasing some of its home loan and term deposit rates from the start of next week.

Fri, Apr 17

Oil prices have soared since the end of February.

Will oil prices ever truly go back to ‘normal’?

Before war broke out in the Middle East, benchmark oil prices hovered in the range of US$70–80 a barrel for much of the past two decades.

Fri, Apr 17

Allbirds founder Tim Brown at his Auckland City store in 2022.

Allbirds, a former Wall Street darling, looks to AI for its future

Allbirds, the eco-friendly shoe brand co-founded by an ex-All White which found its way onto the feet of tech CEOs and movie stars before falling on hard times, is pivoting to artificial intelligence.

Thu, Apr 16

Kiwibank urges RBNZ to 'watch, wait, and weigh up' any rate hike action

It comes amid concerns about rising inflation as the war in the Middle East continues.

Tue, Apr 14

How can you reduce grocery costs without compromising taste and nutrition?

Money's tight and food prices are up - how to save on your grocery bill

As cost-of-living prices sting at the register, wellbeing experts highlight some savings strategies that may help stretch your shop.

Tue, Apr 14

Twenty-seven percent of property purchases in the first quarter of 2026 were first home buyers – “well-above” the long-term average back to around 2005 of around 22%.

First home buyers grab keys in strong start to the year – Cotality

Chief property economist Kelvin Davidson said lower house prices and reduced mortgage rates have helped first home buyer activity, among other factors.

Tue, Apr 14

Latest official fuel stocks info – how much does NZ have?

The country counted 59.7 days of petrol, 49.1 days of diesel and 50.7 days of jet fuel as part of its stocks when the data was recorded at 11.59pm last Wednesday.

Mon, Apr 13

ANZ now expects Reserve Bank to raise official cash rate in July

But it also said it only expected the rate to lift to 3%, from 2.25% currently - not the 3.5% it expected previously.

Mon, Apr 13

Anna Breman spoke to Q+A about oil price uncertainty and whether the bank has the authority to mandate cash access.

Reserve Bank Governor's warning on inflation amid fragile ceasefire

Peace talks between the US and Iran are underway in Pakistan, but on the other side of the world New Zealand is operating in an environment of uncertainty.

Sun, Apr 12

Why Americans are buying $38 smoothies despite fears about the economy

Experts said when food becomes a status symbol, it says a lot about the state of the wider economy.

Sun, Apr 12

A leak behind the Old Bank Arcade in Wellington's city centre.

Wellington's water entity scrutinised over proposed bills

Last month Tiaki Wai released a set of projected charges - including bills of up to $6800 per year in a decade for residents - as it tries to upgrade old, failing infrastructure.

Sat, Apr 11

Dr Anna Breman's appointment came after a period of turmoil for the Reserve Bank that saw Governor Adrian Orr and chairman Neil Quigley resign.

Jason Walls: Reserve Bank Governor promised to be open - so far so good

Analysis: 1News Business Correspondent assesses the early months of Reserve Bank Governor Anna Breman's term in office.

Sat, Apr 11

What is likely to happen next with home loan rates?

Wholesale rates have been pushing higher on the expectation that interest rates might need to rise to combat inflation caused by the Middle East conflict.

Fri, Apr 10

Reserve Bank governor Anna Breman. (File photo).

Reserve Bank adamant inflation spike will be brought under control

Governor Anna Breman says the RBNZ is ready to act if there are signs that higher inflation is getting embedded in the economy.

Thu, Apr 9

The ceasefire doesn't mean fuel users are in the clear.

Does the Iran ceasefire mean the fuel crisis is over? Not even close

An Australian expert sets out the short and long-term effects on fuel supply we can expect as a result of the conflict that closed the Strait of Hormuz.

Thu, Apr 9

Motorcyclists put rego on hold in protest against ACC

Motorcyclists are putting their bike registrations on hold in protest at what they say are unfair increases to ACC levies.

Thu, Apr 9

Petrol is well above $3 a litre and diesel has overtaken it for the first time in history.

The Govt has boxed itself in over fuel — but there is a way out

Analysis: Nearly every one of the levers it could pull in the fuel crisis, it has spent two years dismantling.

Thu, Apr 9