Sunday, August 23, 2026

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Money

Reserve Bank cuts OCR to 2.5%

IAG fined $19.5m for overcharging and discount irregularities

US Treasury unveils draft design of coin with Trump’s profile

Musk tweets wipe $15bn off Netflix value

OpenAI surpasses SpaceX as world’s most valuable startup

Fraudster convicted after world’s largest £5bn bitcoin seizure in UK

Fired ANZ trader confronted over ‘offensive’ messages as court battle resumes

Mystery buyers to revive Auckland University Bookstore

Starbucks to close over 100 stores in $1bn global overhaul

South Korea warns investment demand could spark financial crisis

Gold at new highs, extending September’s outsize gain

Roger Douglas calls for Willis to resign

Administrators recommend liquidation as Kitchen Things collapses owing $16.6m

Grenon boosts NZME stake to nearly 18%

Fitch hits France with record-low credit score

NZ trade mission heads to Saudi Arabia

Builders struggle as construction insolvencies climb 13% year-on-year

Three Kiwi medical tech startups collapse after funding shortfall

IKEA to open first New Zealand store at Sylvia Park on 4 December

Smiths City enters voluntary administration

Tesla sales slump in Europe – data

SME pessimism grows as OCR cuts fail to lift confidence

Banking Competition Inquiry response due in November

Fonterra sells consumer brands to Lactalis in $3.8b deal

Fletcher Building posts $419m loss

Rural ratepayers revolt over steep Auckland Council rate hikes

Celebrated Palmerston North cafe in liquidation

Claire’s U.K. moves toward administration, putting 281 stores at risk

IAG posts 33% profit jump as claims fall and margins improve

Rising number of NZ businesses reporting losses as economic pressures mount

Ōrewa family faces 72% rates hike on land they can’t develop

ChatGPT maker could become world’s most valuable private tech firm – Bloomberg

Zuru sues former nappy partner for breach of trust in $30m diaper deal fallout

Accountants call for Capital Gains Tax to tackle structural deficit and aging population pressures

Mortgage refinancing hits record high

In-store payment surcharges to be banned by 2026

Nauru aims to become Pacific’s crypto hub with new Digital Asset Authority

AI fuelling energy price rises in US – FT

Taiwan chipmaker achieves $1 trillion valuation

Trump Media invests $2 billion in Bitcoin

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