Tourism Holdings focused on US turnaround

Tourism Holdings focused on US turnaround
Rebecca Howard
By Rebecca Howard Aug. 27 (BusinessDesk) - Tourism Holdings expects tough US market conditions to spill over into this year but said things remain positive in Australia and New Zealand despite "uncertain"  economic conditions. The largest issue for the year was the significant fall in vehicle sales in the US market, the company said. "This had an impact on the total FY19 result for thl and has consequential impacts in FY20."  However, forward bookings for the New Zealand and Australian businesses remain positive compared to the prior y...

More Economy

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

Commentators raise cost-benefit concerns over the RBNZ's capital settings review.

ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025
RBNZ cuts to 2.5% with more on the table
Economy

RBNZ cuts to 2.5% with more on the table

The committee remains open to further reductions, it said. 

Rebecca Howard 08 Oct 2025
RBNZ cuts OCR to 2.5%
Economy

RBNZ cuts OCR to 2.5%

RBNZ says its open to cutting more if necessary. 

Rebecca Howard 08 Oct 2025