Westpac bought an exclusive North Shore property, valued at $6.8m, from its former boss after the property failed to sell.

Consumers using credit cards could soon face higher costs after a Commerce Commission ruling gave merchants the right to charge levies.

Settlement means shops can now start imposing levies on shoppers using credit cards.

The New Zealand dollar may keep rising this week after good jobs data from the US boosted confidence that the world's largest economy is recovering.