
Global money laundering scams hit NZ
Business owners are being warned to watch out for overseas money laundering scams, which are targeting New Zealand's small businesses.
Business owners are being warned to watch out for overseas money laundering scams, which are targeting New Zealand's small businesses.
The Reserve Bank yesterday confirmed it has agreed to re-examine its new mortgage lending restrictions if data shows they are crimping the supply of new homes.
Treasury suggested introducing a capital gains tax and restrictions on foreign buyers as part of a long term prescription to curb house price increases, documents released today show.
The New Zealand dollar was the worst performing currency overnight, as investors switched to so-called 'safe haven' assets.
The New Zealand dollar has jumped to its highest in more than five months.
Solid Energy has secured its restructuring deal with most of its banks and the Government following a series of meetings today in Christchurch.
ASB - the country's second largest KiwiSaver provider - says nearly one in four of its members are not contributing to their retirement savings.
Australian investment funds are taking advantage of a buoyant New Zealand retirement village industry to exit their stakes in the sector's main players.
The future of a popular Mexican burrito chain - and the jobs of 100 workers - is in serious doubt as a result of a bitter family feud.
One of the country's leading banks is about to start charging interest on each transaction if customers default on their payments.
Watchdog checks progress as several providers struggle to meet deadline for new reports.
Some of the big KiwiSaver providers have been slow to put up new information disclosing fees, performance and where money is invested.
It's going to take a lot more political bungling to do any permanent damage to America's reputation or wreck its financial markets.
In Shanghai's leafy Xintiandi there's a sight most Antipodean visitors would find very familiar.
Lyndon Drake's pathway to the ministry was via the world of "filthy lucre", but he makes no apology for that.
In a speech to the Property Council this morning the Reserve Bank's deputy governor has gone on a charm offensive over its LVR restrictions.
Even if contributions from Govt or boss have stopped, KiwiSaver can help in managing retirement savings.