
Jasons Travel calls in receivers
Travel guide publisher Jasons Travel Media, once led by MP Steven Joyce, has told its lenders to appoint a receiver as the company's financial position deteriorates.
Travel guide publisher Jasons Travel Media, once led by MP Steven Joyce, has told its lenders to appoint a receiver as the company's financial position deteriorates.
A successful building plan will result in a 10,000-home oversupply in Auckland, says NZIER.
Competition is heating up in the $5.6b credit card market, with two major banks releasing new offers in the past week.
The boss of ANZ - the country's largest bank - received a pay rise of almost 14 per cent for the 2013 financial year, pushing his remuneration package over $4 million.
Westpac's New Zealand boss earned more than $3 million in 2013 despite taking a pay cut.
Government-owned Kiwibank is next in the gun for the group targeting banks in a lawsuit alleging they're charging unfair fees.
The Reserve Bank says it's too early to draw conclusions on the impact of its restrictions on low equity home loans - although it may have 'tweaked' behaviour.
BNZ boss Andrew Thorburn has made more than $400,000 from selling shares in the bank's parent company National Australia Bank (NAB).
NZ's median house price rose 1.9 per cent to a record in October, although sale volumes were dented as Reserve Bank lending restrictions began to bite.