Top business stories from nzherald.co.nz for Wed, May 13:
Disappointing mortgage rates haven't fallen further, Reserve Bank tells MPs.
It is disappointing that banks have not dropped mortgage rates further as more people face loan defaults in the coming year, Deputy Reserve Bank Governor Grant Spencer has told MPs this afternoon.
Hell trio return to pizza chain
Hell is back in its original position. That's not somewhere below Purgatory, but in the hands of its founding fathers.
Advisers fined over finance collapse
Two financial advisers have been found guilty of breaching the ethics code of their professional body and ordered to pay legal costs after advising their clients to plunge thousands into failed finance company Bridgecorp.
Bernard Hickey: Making the same rental property investment mistake all over again
New Zealand property investors and savers are making the same mistake all over again and the nation is encouraging them. They have assumed interest rates will be at their current level forever and decided now is the time to jump in and buy rental property.