Metro GlassTech in trouble with its bankers, AFR says
Glass maker Metro GlassTech is the latest heavily indebted overseas private equity owned business to get into strife with its bankers, says one report.
Glass maker Metro GlassTech is the latest heavily indebted overseas private equity owned business to get into strife with its bankers, says one report.
Kiwibank has the "ambition" but not the "capability" currently to take on the role of Government bank.
National lacks the courage to tackle Australian banks which have saddled NZ with billions in debt, says Greens co-leader Russel Norman.
There is nothing wrong with ministers accepting hospitality from the Government's banker Westpac, and it won't have any bearing on the decision that will follow a competitive tender for the contract, the Prime Minister says.
Ombudsman Deborah Battell says her office has received complaints from travellers that paying in their home currency when using credit cards may actually cost them more.
NZ Post says it has ambitious plans for its subsidiary Kiwibank to take a bigger slice of the business banking market.
Cutting debt - we'll be hearing plenty about that in next week's Budget, and the election campaign. But how deep in hock are we? Brian Fallow reports.
For 15 straight years until the recession of 2008-09, the New Zealand Government ran surpluses and paid down debt.
More insurance companies may require bailouts as a result of the Christchurch earthquakes.
New Zealand house prices appear to be overvalued by up to 25 per cent, the International Monetary Fund says.