
BNZ ranked bank of the year
The banks has been named bank of the year for everyday banking by consumer organisation Canstar.
The banks has been named bank of the year for everyday banking by consumer organisation Canstar.
An Auckland real estate agent says "some groups of buyers" are trying to beat the Government's new restrictions on foreign property purchases due in October.
The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.
The best thing you can do in business is to back yourself, says Spark's Digital First general manager Anna Curzon.
In Deborah Battell's first year as Banking Ombudsman there were 1888 formal complaints - a 99 per cent rise.
Banks create the money they lend out of nothing and can charge interest on the new money for as long as it exists in the form of a debt owed to them, writes Bryan Gould. "The affordability crisis will go on getting worse."
The dollar has since consolidated after a slump in dairy prices and benign inflation stoked expectations of interest rate cuts.
Former Commonwealth Bank worker Jon Waldron allegedly received over $2 million for awarding contracts to a US firm.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.
What to do when things go wrong between you and your bank.
The NZ dollar weakened as Greek agreement turned investor attention to US interest rate hikes, supporting greenback.
The lower kiwi will benefit exporters such as Delegat which counts the US as its largest market.
The dollar weakened as Eurozone leaders stepped up their demands for Greece reforms at meetings over the weekend.
The dollar was little changed as risk sentiment improved following a bounce in Chinese equities and new Greece proposals.
The economy has started to slow, with confidence declining as dairy prices remain lower for longer.
"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.
The dollar fell as commodity prices dropped on concern about waning demand.
The kiwi dollar was little changed overnight as traders awaited further developments in Greece.
NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.
Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.
The dollar hits a five-year low as Greeks reject austerity in referendum.
Australia's May interest-rate cut and federal budget measures to loosen small business purse strings failed to provide a significant boost to retail spending in the month.
Because Greece doesn't have its own currency, it couldn't increase its competitiveness and boost growth through devaluation.
Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate.
Advice released under the Official Information Act reveals a Treasury sceptical of the case for targeting high-LVR investors in Auckland, writes Brian Fallow.
ASB Bank says it now expects the Reserve Bank to slash the OCR throughout this year, returning rates to a record low of 2.5pc.