Stories by Gyles Beckford
News
Rising fuel and rent prices push inflation up
Consumer inflation increased on the back of higher petrol prices and rents in the past three months, but a gloomy economic outlook is likely to lead to cuts in interest rates.
Investors sue ANZ Bank for failing to stop Ponzi scheme
A group of investors in Ross Asset Management are suing the ANZ Bank, claiming it allowed the failed investment company to operate unlawfully.
OCR stays unchanged, RBNZ hints at cuts down the track
The Reserve Bank has held its benchmark interest rate steady but warned further cuts may be needed to stimulate growth and counter global risks.
New bank scheme serves as rebuke to RBNZ's decades old approach
Analysis - The deposit insurance scheme may allow RBNZ to step back from some of its more extreme proposals, but it is also something of a rebuke to its laissez-faire approach, writes Gyles Beckford.
Analysis: Luxon still flying high after Air New Zealand stint
Analysis - In the turbulent world of aviation, Christopher Luxon can claim to have had more than his fair share of smooth flights, writes RNZ Business editor Gyles Beckford.
Facebook to launch digital currency
The social media giant has unveiled plans to launch Libra next year.
Budget: Venture capital fund may slow brain drain
Analysis - The brain drain of New Zealand talent and future earnings may be slowed by one of the government's few business-centric Budget policies, writes Gyles Beckford.
Little offered for business in Budget
The business sector gets little from the Budget but should benefit from work generated by the big spending on infrastructure and consumer spending from family support programmes, Business editor Gyles…
Reserve Bank cuts OCR to 1.5%
The Reserve Bank has cut its benchmark interest rate for the first time in more than two years as it tries to stimulate growth and protect against a slowing world economy.
Analysis: What the OCR cut means for you
The Reserve Bank has cut the official cash rate in an attempt to stimulate the economy. RNZ Business Editor Gyles Beckford analyses if it will work.
Reserve Bank's interest rate decision a line call
The Reserve Bank could deliver the first cut in interest rates in more than two years this afternoon as it looks to counter a slowing economy, low inflation, and uncertain international outlook.
Australian funding firm signs on to Southern Response class action
A class action lawsuit is being taken, backed by an Australian litigation funding firm, seeking redress for Canterbury earthquake claimants.
Capital gains tax: Govt opts for the easy path
It's often been remarked that capital gains tax is the shortest suicide note in New Zealand politics, RNZ Business editor Gyles Beckford writes.
Soft inflation sends dollar tumbling
Consumer prices rose less than expected in the first three months of the year, sending the New Zealand dollar tumbling and raising the chances of a cut in interest rates.
NZ enmeshed in web of security agencies
New Zealand is enmeshed in a spider's web of security agencies and an alphabet soup of committees and panels attached to them.
Reserve Bank keeps interest rates unchanged
The Reserve Bank has held its benchmark interest rate unchanged, as expected, but signalled rising risks may prompt a rate cut.
Far right groups dispersing after mosque attacks - ex-leader Kyle Chapman
Far-right groups have shut up shop and their members and supporters are in hiding because of the strong reaction to the Christchurch shootings, a former National Front leader says.
Higher labour costs hit Freightways' first-half revenue
The courier and data management company has posted a modest lift in its first-half profit as it copes with higher labour costs and reduced mail volumes.
Tax Working Group recommendations: What it means for you
The Tax Working Group's final report suggests an expansion of the taxing of capital gains aimed at easing the burden from income and sales taxes. Here's what the recommendations could mean for you.
The Tax Working Group recommends a capital gains tax
The Tax Working Group is recommending a capital gains tax covering holiday homes, land, most shares and business assets, including goodwill.
OCR remains unchanged at 1.75%
The Reserve Bank has held its cash rate unchanged as expected, but warned there are growing risks to the outlook which may mean rates on hold for longer or even cut.
Black clouds hover over big banks' golden run, expert warns
A slide in business and consumer confidence, a slowing housing market, and the prospect of tougher regulation have done nothing to dent the profitability of the country's banks yet, a survey shows.
Business confidence up but profit squeeze worries
Business confidence has bounced back from a nine year low, but firms remain wary about higher costs and weaker profits.
British company may take over Trade Me
The directors of the online trading and advertising site Trade Me are favouring being taken over by a British investment firm.
NZ seeks to fund Pacific projects which help 'local people'
New Zealand wants to back a different type of aid project in the Pacific and wants no part of a bidding war with big powers for influence in the region.