Explore the latest finance news by Business Desk.
Doubling in extreme weather events hits IAG’s margins
Riley Kennedy |
Fri, 12 Aug 2022
The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m.
Rakon warns earnings may fall as chip shortage eases
Staff reporters |
Thu, 11 Aug 2022
Rakon expects underlying earnings of between $36m and $44m.
Reserve Bank of NZ consulting on Māori access to capital
Staff reporters |
Tue, 09 Aug 2022
Reserve Bank governor Adrian Orr says Māori are at risk of missing out on the full benefits of the financial system.
Kiwibank to offer 'off-the-shelf' sustainable business loans
Staff reporters |
Tue, 09 Aug 2022
Kiwibank will start offering preferential interest rates on sustainable loans for eligible business banking customers – regardless of their industry – to help New Zealand businesses implement sustainable initiatives.The bank has partnered with the sustainable software company Cog...
Credit accounts in arrears up 14% in July on a year ago
Staff reporters |
Tue, 02 Aug 2022
Business demand for credit was down 12% in July compared with July last year while mortgage applications were down 29%.
Class action against ASB and ANZ wins 'opt out' status
Staff reporters |
Mon, 01 Aug 2022
All customers who were affected will be included in the legal action, unless they specifically opt out of it.