Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Banks raise cheap wholesale funding ahead of Spring mortgage surge
By Jenny Ruth Sept. 11 (BusinessDesk) - Westpac and ASB Bank’s success at raising wholesale funds at low interest rates should help fuel competition through the traditionally active Spring mortgage market, says KPMG. In its latest quarterly survey of financial institutions,...
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Finance
Kiwi falls against Aussie on stronger-than-expected Australian house lending
By Jenny Ruth Sept. 9 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after better-than-expected housing finance data across the Tasman. The kiwi was trading at 93.70 Australian cents at 5pm in Wellington compared to 93.89 cents at 7:45am and at 6...
Finance
Change tax regime for KiwiSaver, share trading - capital markets review
By Jenny Ruth Sept. 9 (BusinessDesk) - KiwiSaver contributions should not be taxed up front but only when the saver withdraws funds, all direct share investments should be taxed as if they were portfolio investment entities and trading in shares should be tax exempt. These...
Finance
End of an era as John Hawkins bows out as NZSA's chair
By Jenny Ruth Sept. 6 (BusinessDesk) - Nobody can doubt that John Hawkins’ nine-year reign as the New Zealand Shareholders’ Association chair transformed a rag-tag ginger group led by its flamboyant founder, Bruce Sheppard, into a highly respected professional organisation tha...
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