If the allegations of market manipulation made against Milford Asset Management portfolio manager Mark Warminger were true the performance fee benefit would have been just $600, the High Court has been told.
Massey University released its quarterly Home Affordability Report index today.
Mark Warminger is facing accusations of market manipulation over 10 trades in 2014.
COMMENT: This week's story is about our old friends "the banksters".
The dollar was little changed as minutes to the September meeting of the Federal Open Market Committee showed US policymakers saw a rate hike as being a "close call".
"Samsung will come out of this episode relatively unscathed," one fund manager says.
New Zealand shares dropped, following regional markets lower.
Fonterra's strategy of shifting more milk, quicker, into the value-added side of the business is gaining momentum after getting off
Portfolio manager Mark Warminger is accused of breaching securities law and giving a false and misleading appearance in the market.
The New Zealand dollar climbed above 58 British pence as the sterling's weakness continued.
Wall Street dropped after Alcoa kicked off the US earnings season with quarterly results that missed estimates.
The defence opened its evidence in the Financial Market Authority's case against Milford Asset Management portfolio manager Mark Warminger
The New Zealand dollar extended its decline, trading near a two-month low.
Wall Street was mixed as investors awaited Friday's nonfarm payrolls report to gauge the timing of a Federal Reserve interest rate hike.
New Zealand shares dropped more than 1 per cent for the second day running.
The New Zealand dollar held near a two-month low against the greenback.
COMMENT: The big fall in interest rates that has occurred in the last 10 years is now having some profound effects.
Global debt has hit a record high of $152 trillion, meaning we could be heading toward stagnation or recession, the IMF has warned.
The New Zealand dollar dipped as an upbeat US report kept investors optimistic the Fed will raise interest rates.
Wall Street rose in a broad rally with the price of oil on an unexpected drop in US stockpiles and better-than-expected data.
The IMF has released its latest outlook for the global economy. Here are eight charts that show the challenges the world faces in the coming years.
The pound has fallen to a 31-year low against the US dollar, but how low can it go? Experts are divided.
The NZD fell to a seven-week low as weaker prices at the latest GlobalDairyTrade auction weighed on the outlook for our biggest export.
New Zealand shares followed Wall Street lower on renewed speculation the US Federal Reserve will raise interest rates later this year.
New Zealand commodity prices rose for a fifth month in September, driven by dairy.
The Commerce Minister's comments come after analysis of the eight largest KiwiSaver schemes showed just three revealed the full fee cost.
The volume of cash market trading rose 14 per cent to 152,264 last month from the same month a year earlier.
The New Zealand dollar fell as US presidential election polling showed Hilary Clinton taking the lead.
Wall Street declined as comments from US Federal Reserve underpinned bets the central bank will raise interest rates.
The New Zealand dollar rose to its highest level against the British pound in decades.
Tim Bennett took on a challenging role, but market participants say NZX's performance has been disappointing.
The New Zealand dollar gained against the British pound as Prime Minister Theresa May announced timeline to quit the EU.
Wall Street and US Treasuries moved lower as better-than-expected data on US manufacturing.
The New Zealand dollar gave up gains against the British pound in quiet trading in currency markets.