
Dollar falls to year-low on lower dairy payout
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
What would you do if more than $100,000 suddenly appeared in your bank account? An Auckland man appeared in court yesterday over his ill-fated decision.
Consumer confidence has fallen in the Westpac McDermott Miller survey, reflecting less cheerful economic news and a flurry of interest rate rises from the Reserve Bank.
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.
New Zealand financial markets are expected to firm when they open today after the National Party secured the first ever outright win.
The financial tech trend is seeing younger investors turning to robo-adviser apps rather than traditional financial advisors.
The Commerce Commission expects to finally reveal next month whether it will file court action against three banks involved in its interest rate swaps probe.
The FMA is seeking to reveal the extent of "concerning" KiwiSaver sales and switching practices it claims are being used by banks.
House hunters desperate to secure their dream home are risking financial disaster by signing unconditional purchase agreements before their current property has sold.
The dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold.
In an effort to lower rates and weaken the currency, Labour is pledging to broaden the RBNZ's policy goal by re-writing its main objective.
Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.
The NZ dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar.
Heartland New Zealand will gain access to new borrowers through its investment in an online lending platform, says chief executive Jeff Greenslade.
The NZ dollar rose to a six-week high against the euro after the European Central Bank unexpectedly cut its three key interest rates.