Commerce and Consumer Affairs Minister David Clark has hinted banks may not have been complying with responsible lending rules, as he outlined the terms for an inquiry into legislative changes that have been blamed for loans being... Source: NZ Herald Business News
The Government says it's working fast to figure out how rapid Covid-19 testing will work for critical workers in different stages of the planned Omicron response.Confusion emerged after some truckies received emails saying publicly-funded... Source: NZ Herald Business News
Labour costs are likely to have risen at the fastest pace in more than a decade at the end of 2021 and are likely to accelerate further on expectations that unemployment has fallen to the lowest level since the early 1980s.Although... Source: NZ Herald Business News
The state-owned financial services firm Kiwi Group Holdings (KGH) has hired an investment bank to shop out its fund management company Kiwi Wealth, according to Australian media reports.The Australian Financial Review reported that... Source: NZ Herald Business News
By RNZ Shoppers are about to face even higher prices with retailers planning price increases over the next three months.Retail NZ chief executive Greg Harford told Morning Report a new survey showed nearly three quarters of retailers... Source: NZ Herald Business News
When I wrote my first open letter to the Prime Minister in September last year, I suggested it was time to look at the reserves sitting on the bench of our Team of 5 million to see what they could bring to her Covid response. At... Source: NZ Herald Business News
RNZ South Island dairy company Synlait Milk is forecasting a record payout to its suppliers on the back of strong global demand and expects prices to stay high for some time.The company, which is a major supplier to infant formula... Source: NZ Herald Business News
Air New Zealand pilots were stuck on a damaged aircraft in Hong Kong for hours after being forced to divert to the territory.Authorities refused entry of the crew into Hong Kong - which has extremely strict entry protocols - after... Source: NZ Herald Business News
Previously published on The Spinoff With inflation at a three decade high, New Zealanders face another year of shrinking pay cheques as costs soar, Justin Giovannetti writes. Inflation is soaring around the world and NZ hasn't... Source: NZ Herald Business News
Auckland rents showed a "continued upward trend", rising fastest for one-bedroom places and particularly in the south and west, a property management business says.Barfoot & Thompson, which manages more than 16,000 places in the... Source: NZ Herald Business News