NZCity NewsLinks -

Finance

26 Jun 2022

Search

PM stands by Nanaia Mahuta after Nats say Government contracts to family show 'pattern of perceived conflicts'
The Prime Minister is standing by Nanaia Mahuta over claims about perceived conflicts of interest in contracts involving Mahuta's family.Last month the Herald revealed the Ministry for the Environment had awarded Mahuta's husband...

Time for strong medicine: How central banks got tough on inflation
The world's most-watched central banks are finally stamping down on a surge in inflation. But this week it became clear that they know this comes at a cost.From the UK, where the Bank of England raised interest rates for the fifth...

Australian Reserve Bank Governor Philip Lowe predicts inflation to hit 7 per cent
Australian families face a year of misery, with the Reserve Bank governor warning interest rates will surge and inflation could peak as high as seven per cent.Philip Lowe predicted that inflation would hit seven per cent by Christmas...

BIF adds Advemto to its investment portfolio
Booster is pleased to announce the addition of Advemto to the Booster Innovation Fund (BIF) portfolio through its interest in NZ Innovation Booster Limited Partnership

Vector announces outcome of Capital Bond election process
On 3 May 2022, Bondholders were sent an Election Notice and explanatory notes containing information about the new interest rate applicable to the Capital Bonds for the period from 15 June 2022 until the next election date of 15 June 2027 and details of B

New Zealand Rural Land Company expects inflation to bring long-term gains
RNZ New Zealand Rural Land Company sees a silver lining in rising interest rates, with short-term pain leading to long-term gains.The rural property investor has revised down its full-year profit outlook amid rising interest...

Winklevoss twins bank fortunes on crypto comeback
The Winklevoss twins are banking on a crypto comeback following the collapse of TerraUSD due to the rise of interest rates and recession fears.The Sydney Morning Herald reports brothers Cameron and Tyler have their fortunes invested...

Official Cash Rate decision: What will Governor Adrian Orr say as RBNZ hikes rates today
The Reserve Bank is widely expected to lift the official cash rate by 50 basis points to 2 per cent when Governor Adrian Orr delivers its monetary policy statement at 2pm this afternoon."The Reserve Bank's task is clear," says BNZ...

ANZ hikes interest rates for second time in a month
The country's largest bank has increased both its home loan rates and deposit rates for the second time in a month, pointing to a "significant increase" in wholesale market rates.From today ANZ has lifted its special and standard...

US Fed attacks inflation with its largest rate hike since 1994
The US Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would...

TSB profit rises 7pc, bank pays out $12.5m dividend
A big drop in interest expenses has helped to push up the profit at TSB, with the bank paying out a $12.5 million dividend to its community trust owner - its biggest since 2018.The bank's net profit after tax rose 7 per cent to...

IFT - Bond Firm Offer Closed & Interest Rate Set
Additional 2030 Bonds will be offered to existing holders of the IFT190 bonds maturing on 15 June 2022 via an Exchange Offer opening on 3 June 2022

Consumer spending sluggish as tough environment for Kiwi retailers persists
Rising interest rates and the lingering impact of Covid has dented consumer confidence as sluggish spending continues to affect retailers.New Zealand payments network Worldline revealed consumer spending at core retail merchants...

Banks begin hiking mortgage rates post OCR
ANZ and Kiwibank have both lifted mortgage and deposit rates today in the wake of last week's big OCR hike.Kiwibank was the first to move this morning , lifting its headline rate for a two-year fixed mortgage to 5.19 per cent per...

Mortgage rates predicted to rise to between 6pc to 7.5pc
Mortgage rates will likely lift to between 6 per cent and 7.5 per cent over the coming year worsening the cost of living crisis, Kiwibank's economists say.The bank made the prediction ahead of the Reserve Bank's official cash rate...