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Kiwibank cuts deposit rate as it raises most mortgage rates

Staff reporters
Fri, 16 Jul 2021

Kiwibank is cutting its 200-day term deposit rate on the same day it hiked most mortgage rates.The government-owned bank issued a press release touting a cut in its two-year rate and did acknowledge it was hiking its floating mortgage rate but didn't mention the other rate changes.Chief executive Steve Jurkovich said the bank's cut in the two-year rate is "providing certainty to its customers" in a rising rate environment.But he left the other changes to the bank's routine technical releases.Effective Monday, Kiwibank will...

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Morningstar picks Spark as omicron refuge
Dan Brunskill | Thu, 02 Dec 2021

Spark’s share price spiked more than 5% early this week as investors reacted to news of the variant, but it had been trending down, sliding more than 10% in the past three months.

Law & Regulation
A crackdown on all your houses: no blind eye to poor privacy practices
Michael Andrew | Thu, 02 Dec 2021

The first year of the new privacy act saw the privacy commissioner flex his powers, publicly rebuking the Reserve Bank. We can expect to see more of the same in 2022, legal watchers say.

Retail FREE
It's happening – Ikea coming to Sylvia Park
Staff reporters | Thu, 02 Dec 2021

Ikea is finally landing in New Zealand. Really.

Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.