Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Economy
Short-term inflation expectations lift in RBNZ survey
By Rebecca Howard May 7 (BusinessDesk) - Business managers and finance professionals lifted their short-term inflation expectations in the latest Reserve Bank survey but held their longer-dated view steady. Respondents to the central bank's quarterly survey predict consume...
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Services
Genesis seeks buyer for $18M of customer debt
By Gavin Evans May 7 (BusinessDesk) - Genesis Energy is aiming to sell up to $18.4 million of debt it has been unable to recover from its retail customers. The country’s biggest electricity and gas retailer is seeking quotes from firms interested in buying the debt and reco...
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...
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...
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