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Latest Finance Headlines

ASB Reduces 18-month Mortgage Rate To 6.89%

Tue, 27 Feb 2024 09:32:48 +1300 | ASB Bank

ASB has today reduced its 18-month fixed home lending rate by 26 basis points from 7.15% to 6.89%, effective immediately. This is the lowest 18-month rate across the major banks. The following can be attributed to ASB Executive General Manager Personal ...More >>

New Chair For Guardians Of NZ Superannuation

Mon, 26 Feb 2024 13:06:11 +1300 | New Zealand Government

Hon Nicola Willis Minister of Finance Company director and investor John Williamson has been appointed as the new Chair of the Guardians of New Zealand Superannuation, the Crown entity that oversees the NZ Super Fund and the Elevate NZ Venture Capital ...More >>

Demand For Personal Loans And Mortgages Up, But Credit Cards Dip

Mon, 26 Feb 2024 09:59:33 +1300 | Equifax

Equifax New Zealand Quarterly Consumer Credit Demand Index: December 2023 Overall consumer credit demand increased by +4.2% (vs December quarter 2022) Unsecured credit demand (comprising personal loans and credit cards) up +6.4% (vs December quarter ...More >>

ASB Research: Business, Not Government, Should Lead The Charge In Improving Productivity

Mon, 26 Feb 2024 08:44:16 +1300 | ASB Bank

Low investment in capital, knowledge and research and development has left New Zealanders working longer and producing less than overseas counterparts. High-performing small advanced economies benefit from exposure to international competition and domestic ...More >>

Not With My Money: Avoiding Investments In Russia

Thu, 22 Feb 2024 15:41:01 +1300 | Mindful Money

Two years have passed since the onset of the brutal invasion of Ukraine by Russia, a period marked by global upheaval and a collective reassessment of investment ethics worldwide. Mindful Money, New Zealand's leading ethical investment charity, today ...More >>

Major ASB Fraud And Scam Awareness Campaign To Help Get New Zealanders One Step Ahead Of Scammers

Wed, 21 Feb 2024 10:13:50 +1300 | ASB Bank

ASB has this week launched the first phase of a significant, ongoing and multi-layered fraud and scams awareness campaign, to help keep all New Zealanders informed and vigilant, as the first line of defence against scams. David Bullock, ASB Executive ...More >>

Westpac Economic Overview, February 2024 – Staying The Course

Wed, 21 Feb 2024 09:18:57 +1300 | Westpac

Westpac has just released its latest Economic Overview. Overall growth outlook “2024 looks set to be a year where households and businesses hunker down, and where the Reserve Bank stays the course by maintaining high interest rates to ensure inflation ...More >>

Barbara Edmonds To Take On Finance Role

Tue, 20 Feb 2024 11:44:28 +1300 | New Zealand Labour Party

Mana MP Barbara Edmonds will take over the Finance portfolio following Grant Robertson’s retirement, Labour Leader Chris Hipkins announced today. “Barb has a background as a specialist tax lawyer and is a formidable Parliamentarian with experience across ...More >>

EFTPOS Central Urges Businesses To Act Now: Deadline Looms For PCI 3.x EFTPOS Terminal Upgrades

Tue, 20 Feb 2024 09:17:00 +1300 | EFTPOS Central

As the expiration date for PCI 3.x EFTPOS terminal hardware looms closer, EFTPOS Central, an independent EFTPOS provider based in Palmerston North, urges businesses to prioritise their upgrades to avoid potential disruptions to their ability to process ...More >>

Department Of Internal Affairs Holds SkyCity Accountable For AML/CFT Compliance

Fri, 16 Feb 2024 18:34:25 +1300 | Department Of Internal Affairs

Department of Internal Affairs, Te Tari Taiwhenua (DIA) has filed civil proceedings against SkyCity Casino Management Limited (SkyCity) under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act), in order to help uphold ...More >>

ASB Half-year Profit Down 12%: Focus On Customer Support Continues, Including Tackling Financial Crime

Wed, 14 Feb 2024 10:12:50 +1300 | ASB Bank

ASB today reported a cash [1 ] net profit after tax (NPAT) of $707 million for the six months to 31 December 2023, a decrease of $96 million or 12% on the prior year. This reflects a lower net interest margin (NIM), down 26bps on the prior year. Statutory ...More >>

Stablecoins - Dispelling Misconceptions And Explaining Their Superpowers

Tue, 13 Feb 2024 08:47:19 +1300 | Easy Crypto

<img src="https://img.scoop.co.nz/stories/images/2402/507cf82415a7b1d0d531.jpeg" width="720" height="309"> The internet has changed life as we know it - with a ride (hello Uber) and even pre-packaged dinner ingredients ...More >>

New Data From Kiwibank Reveals New Zealand’s Penny-pinchingSummer

Mon, 12 Feb 2024 12:01:46 +1300 | Kiwibank

Kiwibank, the largest New Zealand-owned bank, is providing insight into New Zealand's penny-pinching summer with the release of the Kiwibank Household Spending Tracker for the December 2023 quarter, and January 2024. According to data collected from ...More >>

Visa Prevents More Than $270 Million In Fraud From Disrupting New Zealand Businesses

Mon, 12 Feb 2024 10:55:22 +1300 | Visa

Auckland, February 12, 2024 – Visa, a world leader in digital payments, today announced that Visa Advanced Authorisation (VAA), its artificial intelligence (AI) based real-time payment fraud monitoring solution, has helped New Zealand financial ...More >>

National Capital Unveils New KiwiSaver Calculators To Aid Kiwis In Financial Planning

Fri, 9 Feb 2024 11:14:58 +1300 | National Capital

National Capital, a leading financial advisory firm, is excited to announce the launch of its innovative KiwiSaver Calculators page. Designed to empower New Zealanders with the tools they need for effective retirement planning and financial decision-making, ...More >>

Commodities Corner: Deeper Insights Into Gold, Oil, And Commodity Trading

Fri, 9 Feb 2024 09:10:50 +1300 | Hugh Grant

Trading commodities like gold and oil has long captured the interest of investors looking for a diverse portfolio. Recently, there has been a surge in new traders exploring different commodities and ways to trade them. Utilizing options in the ...More >>

Westpac NZ Announces Changes To Interest Rates

Fri, 9 Feb 2024 09:07:55 +1300 | Westpac

Westpac NZ is lowering its fixed housing rates across a range of terms from one year to five years. The decreases on fixed home loan rates of between 10 and 20 basis points mean the bank has some of the lowest home loan rates in market. Westpac NZ ...More >>

Generate Celebrates $5 Billion In Funds Under Management

Thu, 8 Feb 2024 13:59:20 +1300 | Generate

Generate has reached $5 billion in funds under management (FUM), making it one of the largest boutique KiwiSaver providers (outside of banks) in New Zealand. That growth has been driven by strong long-term performance, award-winning customer service ...More >>

The Labour Market Is Softening, With The Worst To Come

Wed, 7 Feb 2024 10:52:03 +1300 | Kiwibank

* Today's employment report was stronger than expected, but is still softening. The unemployment rate has lifted from 3.9% to 4.0%, we thought it would be nearer 4.2% (consensus 4.3%), and is likely to push above 5% this year. The lift in unemployment ...More >>

KiwiSaver Providers Going Ethical

Mon, 5 Feb 2024 10:38:57 +1300 | Mindful Money

There has been a significant change in KiwiSaver investments over the past 6 months. Some of the largest KiwiSaver fund providers are reducing their investments in companies that are doing harm. The result is the biggest fall in harmful investment since Mindful ...More >>

 
 
 
 
 
 

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