Money
Mayoral relief funds in devastated regions to receive another $200,000
The government is giving a further contribution to mayoral relief funds across Nelson Tasman and Marlborough, the Minister for Emergency Management says.
America's Cup: Sir Michael Fay, club veterans quit over Barcelona move
Veteran America's Cup campaigner Sir Michael Fay has resigned from the Royal NZ Yacht Squadron, in protest at the Cup's defence going offshore. He talks to Lisa Owen. Video, Audio
Developer creates fund to build and buy apartments and townhouses
NZX-listed Winton Land has partnered with Australian lender MaxCap in a new $200 million development fund.
'An eroding effect on the public': Top speed camera target cut over possible reaction
The Transport Agency expects new speed cameras to triple the number of drivers caught, increasing from 1 million to 3 million offences a year.
Increase in interest income adds impetus to Kiwibank result
Kiwibank has delivered another solid full-year result, despite lending levels slowing as the housing market cools down.
Reserve Bank raises OCR to highest level in seven years
The Reserve Bank raised the official cash rate by 50 basis points to 3 percent, as expected, to its highest level in seven years.
Auditor Grant Thornton walks away, adding to NZAI's woes
Embattled NZ Automotive Investments has been hit with another setback, as its external auditor has bolted for the exit.
Insurance could cost $100k per year for some properties in future
Imagine paying $100,000 a year just to insure your house.
That's the reality facing some homeowners in the near future, according to a climate economist and modeller.
Climate Sigma managing director… Audio
Reserve Bank expected to raise OCR again today
The Reserve Bank is expected to deliver a fourth consecutive 50 basis point rise in the official cash rate later today.
This would take the OCR to a seven-year high of 3 percent, as the Reserve Bank… Audio
Government grappling with flood insurance question
An expert in climate risk is predicting in just 20 years a million dollar property on the Petone foreshore in Wellington could cost $100,000 dollars a year to insure.
Belinda Storey, from Climate… Audio
Freeze on rent increases should return, says Human Rights Commission
A housing inquiry found rents are rising faster than income and inflation and about half of tenants spent 30 percent or more of their take-home income on housing.
Temporary stop order placed on Wisdom House Investments
A stop order has been placed on a finance company and its director by the Financial Markets Authority, to prevent them giving financial advice or dealing in investments and assets.
Calls for buy now, pay later schemes to be regulated
Pressure is mounting for buy now, pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people. Audio
Most homeowners still making a profit at sale
Most homeowners are still making healthy profits when they sell their houses, despite growing weakness in the market.
CoreLogic's latest "Pain & Gain" report shows 98.1 percent of properties resold… Audio
Homeowners continue to make profit on sales, despite downturn
CoreLogic's survey indicates 98.1 percent of properties resold in the three months ended June made a gross profit or gain on the previous purchase price.
Pressure mounts for buy now pay later schemes to be regulated
Pressure is mounting for buy now pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people.
Services like Afterpay, Laybuy, and ZipPay are interest free with… Audio
Omicron, 'economic headwinds' hitting My Food Bag's profit margin
The meal-kit delivery company expects to report lower full year earnings, due to the lingering effects of the Omicron outbreak and rising inflation.
New laws set to protect consumers, but may confuse businesses
Businesses are being urged to pay close attention to a broad set of consumer protections and contract law that come into effect tomorrow, along with hefty fines.
Māhia resident upset at council over privacy breach
A Māhia resident says he has been left "numb" by the publishing of his personal information in the local newspaper via a district council response.
Trust touts zero interest loans for NZers in financial hardship
A community finance group is calling for millions of dollars to be invested in zero-interest, small personal loans to help the poorest of the poor denied credit by mainstream lenders.
