ANZ Bank followed ASB as the first major banks to increase variable home loan rates after the Reserve Bank announced it would increase the official cash rate from 0.5 per cent to 0.75 per cent today.ASB said it has decided to... Source: NZ Herald Business News
The Reserve Bank has today hiked the official cash rate by 0.25 per cent to 0.75 per cent.Last month the official cash rate was lifted from a record low 0.25 per cent.That 25-basis-point hike was the first for the RBNZ in seven... Source: NZ Herald Business News
By RNZ KiwiRail group chief executive Greg Miller has resigned effective immediately citing the distraction of allegations in the media, which he denies, the company says.Miller advised that recent and sustained allegations in... Source: NZ Herald Business News
Originally published on The Spinoff New Zealand's privacy commissioner is swapping that job for a similar role in the UK, but on a bigger scale and a much bigger stage. He tells Toby Manhire about the new gig, what he achieved... Source: NZ Herald Business News
Elizabeth Holmes, the one-time medical entrepreneur now charged with building a fraudulent company based on promises of a revolutionary technology, is giving evidence at her trial. Her testimony, which has so far focused largely... Source: NZ Herald Business News
As expected, retail spending nosedived in the September quarter as lockdown forced closed shops to shut and consumers to stay home.Retail sales volumes fell 8.1 per cent (quarter on quarter) on a seasonally adjusted basis, although... Source: NZ Herald Business News
The first tool Jack Pritchard's building apprentices need in their belts is a sharp attitude.Flaxmere's Pritchard, who owns Ngāwari Homes Limited, hammers that message home when taking on young apprentices who he said don't... Source: NZ Herald Business News
ANZ has put a hold on some lending to low deposit home loan borrowers following similar moves made by BNZ and Kiwibank.The country's largest bank released a statement this morning saying it would "pause" lending to those with deposits... Source: NZ Herald Business News
This is the latest of a series in which Sir Ian Taylor provides updates on his self-isolation travel trial. OPINION: During my time in self-isolation a friend sent me a report that said that the Government would have paid out... Source: NZ Herald Business News
Continued border uncertainty between New Zealand and Australia means Air New Zealand must cancel more than 1000 flights through to the end of December 2021. This follows other cancellations made since quarantine-free travel was... Source: NZ Herald Business News