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Finance

Explore the latest finance news by Business Desk. 

Argosy refinances and extends some bank facilities
Staff reporters | Fri, 30 Jul 2021

Argosy has also reduced its total bank facilities by $35 million to $455m.

Most Kiwis support compulsory KiwiSaver: FSC survey
Staff reporters | Tue, 27 Jul 2021

The average KiwiSaver balance is more than $25,000.

Xero forms global alliance with DFK accounting association
Staff reporters | Tue, 27 Jul 2021

Xero has started forming global alliances with large accounting firms and associations.

PNG regulator may block sale of Westpac's Pacific businesses
Staff reporters | Tue, 27 Jul 2021

Westpac is in the process of selling non-core assets but has decided to keep its New Zealand bank.

Kiwibank raises a raft of TD rates a week after cutting some
Staff reporters | Mon, 26 Jul 2021

Kiwibank's two-year deposit rate is rising the most while its six-month rate is rising the least.

IAG plays down bottom-line loss
Staff reporters | Fri, 23 Jul 2021

The Australian insurer will report a A$427 million net loss for the 12 months ended June compared to a profit of A$435m a year earlier. 

Takeovers Panel investigates changes in control of Global Horticulture
Staff reporters | Fri, 23 Jul 2021

The Takeovers Panel will be exercising its powers to determine whether there has been a breach of the Takeovers Code.

TIL Logistics switches banks
Staff reporters | Mon, 19 Jul 2021

TIL said the new facilities with ANZ Bank and UDC Finance offer improved terms and a longer tenure than the facilities it had with ASB Bank.

Kerr and Barnes call ceasefire in Perpetual battle
Staff reporters | Fri, 16 Jul 2021

The parties have been at loggerheads for years over whether the $11.9 million purchase of Perpetual Trust trigger further earn-outs.

Kiwibank cuts deposit rate as it raises most mortgage rates
Staff reporters | Fri, 16 Jul 2021

Kiwibank touted a six basis point cut in its two-year mortgage rate while hiking its other mortgage rates and cutting its 200-day deposit rate.

Kiwibank cuts two-year mortgage rate, hikes others
Staff reporters | Fri, 16 Jul 2021

Heartland Bank's online-only mortgage rates are still the lowest in the market. 


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