Small payday loan fees, interest to be capped in Faafoi's loan shark clampdown
By Paul McBeth Oct. 10 (BusinessDesk) - Small payday loan costs will be capped at 100 percent of the original amount borrowed, as part of Commerce and Consumer Affairs Minister Kris Faafoi's crackdown on predatory lenders. But consumers being fleeced will likely have to wa...
Fonterra cuts forecast farmgate price as demand lags behind increased production
By Paul McBeth Oct. 10 (BusinessDesk) - Fonterra Cooperative Group has cut its forecast payout to farmers for a second time as global demand growth lags behind an increased supply, including a bigger domestic milk collection. The firm now predicts it will pay $6.25-to-$6.5...
NZ dollar gains as US bond yields come off the boil
By Paul McBeth Oct. 10 (BusinessDesk) - The New Zealand dollar edged up after Dallas Federal Reserve President Robert Kaplan noted the need for caution about the pace of interest rate increases and US bond yields reversed some of their recent gains. The kiwi increased to 64...
MARKET CLOSE: NZ shares fall for 7th day as US bond yields hold sway
By Paul McBeth Oct. 9 (BusinessDesk) - New Zealand shares fell for a seventh day. Rising US bond yields kept a lid on equity markets across Asia, weighing on growth-orientated stocks such as A2 Milk Co and Pushpay Holdings. The S&P/NZX 50 index dropped 77.12 points, or 0.8...
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