Finance

Explore the latest finance news by Business Desk. 
KiwiSaver the favoured investor vehicle, survey shows
Property

KiwiSaver the favoured investor vehicle, survey shows

By Paul McBeth May 7 (BusinessDesk) - KiwiSaver is the country's favourite investment asset class, closely followed by an old-fashioned savings account, although Kiwis still largely see residential property as the way to get ahead.  Kiwi Wealth's inaugural State of the Inve...

Paul McBeth 07 May 2019
UPDATE: Westpac NZ delivers 15% lift in first-half net profit
Services

UPDATE: Westpac NZ delivers 15% lift in first-half net profit

(Updates with comment from David McLean from 5th par) By Jenny Ruth May 6 (BusinessDesk) - Westpac New Zealand will have brought a note of cheer to its parent’s dismal results as fixing problems revealed by the royal commission into financial services continue to dog the Au...

Jenny Ruth 06 May 2019
Class action against Southern Response gains Aussie funder
Law & Regulation

Class action against Southern Response gains Aussie funder

By Jenny Ruth May 6 (BusinessDesk) - About 3,000 Canterbury residents who believe they were short-changed in their insurance settlements with Southern Response now have the backing of an Australian litigation funder for their roughly $300 million claim. Lawyer Grant Cameron...

Jenny Ruth 05 May 2019
Reserve Bank's rate cut decision on a knife edge
Policy

Reserve Bank's rate cut decision on a knife edge

By Rebecca Howard May 3 (BusinessDesk) - Will New Zealand's new monetary policy committee opt to cut or will it hold? Markets are split, as are economists with Westpac Bank saying the decision is "on a knife edge" and ASB Bank calling it "finely balanced."  Market pricing p...

Rebecca Howard 05 May 2019