Kiwibank growth slows
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.
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NZ dollar gains on weakening US dollar
The New Zealand dollar gained on a weakening greenback after comments from the Reserve Bank of Australia yesterday spurred traders' appetite for high-yielding currencies.
Uncertainty on Wall St as US stocks fall
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.
Stocks and oil slip on world markets overnight
Stocks in Europe, Brazil and Canada fell, as did oil prices, amid increasing signs that economic growth was cooling globally.
Auckland house prices slump in June
Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.
Kiwibank calls for compulsory KiwiSaver membership
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.
Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.
World equities slide overnight
Equities slid overnight amid further signs of economic weakness in China, Europe and the US.
NZ dollar falls on US recovery fears
The kiwi dollar extended its decline to a three-week low as fears over America's recovery sapped investors' appetite for riskier assets.
Reserve Bank says it's looking at other tools
In a new statement of intent, the Reserve Bank says it is looking at new tools to support the traditional Official Cash Rate.
Feltex director denies company statements misled public
Deloitte's former chairman John Hagen has given evidence today in Feltex's defence against claims the company misled investors.