|Cyber attack hits companies across Europe|
Banks, retailers, and energy and transport firms across Europe have been struck by a major ransomware attack.
© 2017 RadioNZ 5:55am McMansions: The ostentatious houses people love to hate
If there's anything that typifies the boom times before the Great Recession, it is the McMansion. These sprawling houses proliferated around the US in the 2000s, as banks shelled out easy credit to fuel a housing bacchanalia they...
© 2017 NZ Herald Tue 11:55am Italy makes 5.2B euros in resources to keep 2 banks afloat
ROME (AP) " The Italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the European Central Bank last week had deemed "failing or about to fail," sending them into insolvency...
© 2017 NZ Herald Tue 4:35am Italy forced to bail out two more banks for 5.2bn euros
Rome will spend at least 5.2bn euros to rescue Banca Popolare di Vicenza and Veneto Banca.
© 2017 BBCWorld Mon 1:15pm Seaplane pilots gather in landlocked country
The Swiss Association of Seaplane Pilots is gathering on the banks of Lake Geneva.
© 2017 BBCWorld Sun 6:25am Record median house price in Northland
A Whangarei first-home buyer wants banks to lend up to $450,000 to first-home buyers in the region so Northlanders have a better chance of getting on to the property ladder.Chris Pattenden, a storeman of Kamo, has been looking to...
© 2017 NZ Herald Thu 7:15am NZ shares join global retreat as oil declines
New Zealand shares joined a global retreat as weaker oil prices weighed on energy stocks and a downgrade of Australia's major banks saw dual-listed companies including Fletcher Building fall, while Air New Zealand declined in heavy...
© 2017 NZ Herald Wed, 21 Jun 6:35pm SBS says small banks have had a lending opportunity
Big banks hesitating on home loans have given smaller operators a chance to pick up business.
© 2017 Stuff.co.nz Tue, 20 Jun 3:15pm Bank workers call for end to pressure to sell debt
Undue pressure on bank staff to meet sales targets is putting the public at risk of being miss-sold debt, says a union.But the banks say they are putting customer interests first and some are already rolling out changes to the way...
© 2017 NZ Herald Mon, 19 Jun 4:35pm
Ukraine hit by major cyber-attack
Banks, retailers, energy firms and the airport appear to have been targeted by a malware attack.
© 2017 BBCWorld 1:25am First-home buyers collateral damage in NZ's unbalanced market: CoreLogic
Too many people have been taken out of the property market, particularly in Auckland, CoreLogic says. The property research firm's head of research said the usual winter drop in market activity had hit, and was compounded by Reserve Bank restrictions on small-deposit loans and on investors. There was also political uncertainty ahead of the election, he said, and affordability was keeping buyers out in Auckland. â??CoreLogic's data showed that fewer people were applying to the banks for money. "That means fewer out on the street looking to buy property," Ingerson said.
© 2017 Stuff.co.nz Tue 8:05am World Week Ahead: Eyes on Yellen
Investors will scrutinise Tuesday’s comments by US Federal Reserve Chair Janet Yellen who’s slated to speak in London about global economic issues to gauge the likelihood of a third US interest rate rise this year.
© 2017 sharechat.co.nz Thu 4:15pm Moody's downgrades Aussie, NZ banks on increased housing risk
International ratings agency Moody's Investors Service has downgraded the credit ratings of the four big New Zealand banks in line with downgrades of their Australian parents, citing concerns about the housing market across the Tasman.The...
© 2017 NZ Herald Tue, 20 Jun 3:55pm Moody's lowers bank ratings, prompting home loan warning
Homeowners with mortgages are being warned a credit rating downgrade for the big four banks could be bad news for their repayments.
© 2017 Stuff.co.nz Tue, 20 Jun 12:45am Moody's downgrades Aussie banks on back of household debt pile
Credit rating agency Moody's has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation's increasingly indebted households.
© 2017 Stuff.co.nz Tue, 20 Jun 10:15am