ANZ first bank to react to OCR cut
ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...
Former real estate agent Aaron Drever jailed for eight months
A disgraced real estate agent and convicted fraudster has been handed eight more months in prison for deception.Aaron Carl Drever is already behind bars for insolvency crimes, but was sentenced this week to more jail time for concealing income from the Official Assignee while an...
Dairy prices fall for fourth straight auction, whole milk powder down 2.3%
Prices have slipped again in the latest Global Dairy Trade auction, held overnight on Tuesday, with a 1.6% dip across the board.This was the fourth consecutive decline, following a 0.8% slide at the previous auction, a 4.3% decrease before that, and a 0.3% drop on Aug 19.Whole mi...
NZ Post may cut mail deliveries and outlets
The Government has eased New Zealand Post’s minimum service obligations, cutting mail delivery frequency and further shrinking its retail network.Under a revised Postal Deed of Understanding, urban and PO Box deliveries might decrease from three to two days a week, while rural de...
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