OnePath hits back over property trust deals
Director of ANZ-owned fund manager says rival plans involve cost and risk.
Director of ANZ-owned fund manager says rival plans involve cost and risk.
Weak credit demand could curtail earnings growth for the big New Zealand banks, says credit rating agency Standard and Poor's.
New Zealand manufacturing rose in May to its highest level in almost a year amid signs record-high prices for the country's commodities are beginning to filter through to the wider economy.
Households at risk of slow wage growth combined with rising costs.
Glass maker Metro GlassTech is the latest heavily indebted overseas private equity owned business to get into strife with its bankers, says one report.
New Zealand commodity prices edged up to a new record in May, led by kiwifruit at the start of a new season. Prices in New Zealand dollars fell from a record level as the kiwi dollar climbed.
The New Zealand dollar fell from a post-float high against the greenback, before the release of a survey on business confidence.
The New Zealand dollar has hit its highest level against the greenback in just over three years. The kiwi peaked at 81.23 US cents...
Focus of concern is instead the amount the country as a whole is borrowing.