New lending rules: Woman 'strongly advised' by mortgage broker to hide pregnancy

A Dunedin woman says she was "strongly advised" by her mortgage broker to hide her pregnancy during a meeting with a bank last year.While it was before the Government's changes to the Credit Contracts and Consumer Finance Act (CCCFA),... Source: NZ Herald Business News

By | January 20th, 2022|Business|0 Comments

Businesses say they want more financial support should NZ move to Red

Business groups have said they need more financial support from the Government should the country move to a tighter traffic light setting. Today, Prime Minister Jacinda Ardern announced the whole country will move to Red within... Source: NZ Herald Business News

By | January 20th, 2022|Business|0 Comments

Covid-19: Govt defends 249 Dubai Expo places but may trim future MIQ group slots

The Government has defended allocating hundreds of MIQ rooms to Dubai Expo attendees ahead of an event featuring a dance crew and singers.The Dubai Expo had 249 MIQ group allocation slots allocated for the first three months of... Source: NZ Herald Business News

By | January 20th, 2022|Business|0 Comments

Annual food prices leap 4.5% – highest rise in a decade

Surging tomato prices have pushed up annual food costs by the highest rate in a decade.The annual food price has increased by 4.5 per cent in December in comparison to the same period in 2020.The latest report by Stats NZ showed... Source: NZ Herald Business News

By | January 20th, 2022|Business|0 Comments

Concerns of oil supply disruption as commentators say $3 per litre fuel to become the norm

By Leah Tebbutt of RNZ Unrest in the Middle East is stoking fears of an oil supply disruption while New Zealand has seen an all-time average price high of $2.52 at the pump.Fuel commentators were not certain last year, but now... Source: NZ Herald Business News

By | January 19th, 2022|Business|0 Comments

ANZ warns OCR will hit 3 per cent next year 'painful as that may be'

New Zealand's largest bank is predicting interest rates will have to rise much further than it has previously forecast, as central banks face an uphill battle to contain inflation.On Wednesday ANZ said it now predicted that the... Source: NZ Herald Business News

By | January 19th, 2022|Business|0 Comments

Kings Plant Barn the latest retailer hit by click-and-collect data breach

Kings Plant Barn has contacted customers about a security breach to FlexBooker, the internet-based system it uses to organise click-and-collect bookings.Names, email addresses and collection times were exposed.But the gardening... Source: NZ Herald Business News

By | January 19th, 2022|Business|0 Comments

Auckland restaurants continue to collapse from Covid-19 pressures

More Auckland restaurants have joined the growing list of closures as Covid-19 continues to hit the hospitality industry hard.Elijah Blue, an eatery overlooking the water near Hobsonville Marina, was placed into liquidation on December... Source: NZ Herald Business News

By | January 19th, 2022|Business|0 Comments

Horowhenua farmer convicted for selling raw milk

A farmer who sold raw milk to customers has been convicted for breaching the Animal Products Act. John Martin was convicted of three of the seven charges brought against him by the Ministry for Primary Industries (MPI) when he appeared... Source: NZ Herald Business News

By | January 18th, 2022|Business|0 Comments

Consumer card spending rises in December, setting the tone for the new year

Consumer card spending went up by 1.9 per cent during the holiday season, driven by the easing of lockdown restrictions before the Christmas break, new data reveals.Stats NZ's latest data for December total card spending rose $157m... Source: NZ Herald Business News

By | January 18th, 2022|Business|0 Comments