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Why the poor pay sky-high interest rates
An entire industry has grown around handing low-income earners a lifeline to the material rewards of middle-class life, but it comes at a hidden price.
Dollar rises against yen as global sentiment improves
The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth.
Bernard Hickey: Unseen risk of fiscal haircut
Do you think the money you have in a bank term deposit is Govt guaranteed? If so, you're wrong, but you're not alone, writes Bernard Hickey.
Loyalty links up to new payment card
The idea behind technology startup Eftplus was born out of frustration that's only experienced by an addict who's been denied their "fix".
Bank buys into ERoad
The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX.
Property investors facing rate risk
The housing market nationwide is delivering about the rate of capital gain an investor would need to justify buying an average house, says Westpac chief economist Dominick Stephens.
A cautionary credit card tale
On September 1, I went to the fruit and vege shop and spent $24.03. Twice. Well, that's what the credit card statement said, writes Peter Calder.
Andrew King: Here's how Gen Y can buy a home
Andrew King writes: A recent report showed that Generation Y - those under 28 - were increasingly becoming property orphans and spending their money on travel and shopping.
Auckland bucks house price trend
The pace of property price increases has eased nationwide, as higher interest rates and lending restrictions take effect. Everywhere, that is, except Auckland.
Catriona MacLennan: Taking on the loan sharks
Catriona MacLennan writes: Low family incomes and high rents are the two key sources of poverty for my legal clients. The third is huge debt associated with car purchases.
ANZ workers to strike tomorrow
ANZ Bank union members will be walking off the job tomorrow, after a vote earlier this week to take strike action.
Stoush over co-op name
A brand stoush between the New Zealand Association of Credit Unions and a bank is a "fight for all co-operatives", says the industry body's chief executive.
'Co-op' court stoush begins
The Co-op Bank is in court this morning trying to stop the NZ Association of Credit Unions changing its name to Co-op Money.
Bitcoin value cut in half
In the past three months, the price of the cryptocurrency bitcoin has fallen from about US$630 per bitcoin to $320 per bitcoin.
Peter Lyons: When rock stars run out of puff
NZ has a "rock star economy" and surveys reveal high levels of business confidence, but what could make the economy run out of puff? Peter Lyons looks at the issue.