Banking and financeNZ economy the 'ultimate Houdini'The New Zealand economy has managed the ultimate "Houdini" act by avoiding the inflationary pressures that usually go along with strong growth, Westpac said.03 Nov 10:40 PM
Banking and financeBanks' profits explode as bad debts goWestpac NZ's record annual cash profit of $864m confirms a bumper year for the big banks. In fact, at $4.1b, that's almost $1000 for every man, woman and child in NZ.03 Nov 04:00 PM
BDBDBanking and financeWestpac earnings up on home loans, servicesWestpac NZ has reported a 13 per cent rise in annual cash earnings to $864m helped by a rise in lending and improving bad debts.02 Nov 10:39 PM
New ZealandMan's jaw broken by golf ballA man's jaw was broken when he was struck in the face with a golf ball during Labour weekend.28 Oct 12:54 AM
Banking and financeLandlords up share of house salesWestpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.25 Sep 05:30 PM
AgribusinessBig drop in exports hits trade balanceThe gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.17 Sep 05:00 PM
Banking and financeWestpac and BNZ to be served papersTwo of New Zealand's largest banks will this week be served court papers over claims they charged more than 41,600 customers unfair penalty fees.17 Aug 05:00 PM
New ZealandMan crushed by machinery from uteA man has been seriously injured after a piece of machinery fell out of the back of a ute, crushing him underneath it.06 Aug 06:04 AM
Banking and financeWestpac nears release of 3D banking appWestpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.05 Aug 02:44 AM
New ZealandPride of NZ: Raging river An incredible rescueShane Andrews was riding to work across a bridge when a driver distracted by the swollen Waimakariri River crossed the centre line and knocked him into the river.08 Jul 05:30 PM
Banking and financeAussie foils RBA as growth rivals kiwi, poundAustralia is forecast to be among the fastest-growing economies this year, making it harder for the central bank to convince currency investors it won't raise interest rates.24 Jun 03:28 AM
BDBDAged careProperty investor leads stocks upNZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.14 May 05:00 PM
Banking and financeAnalysts see yuan rout over as China bumps up rateFirms from Goldman Sachs to Commonwealth Bank of Australia are predicting the record yuan rout engineered by China's central bank has run its course.13 May 02:52 AM
Banking and financeLVR rules may go by the end of the yearThe Reserve Bank's curbs on bank lending to low deposit borrowers could be removed by the end of the year.08 May 10:15 PM
Banking and financeWestpac post record half-yearAn improving economy and a massive reduction in bad loans helped Westpac New Zealand post a record half-year profit.05 May 05:00 PM
Banking and financeKiwi architects make mark in OzNew Zealand architects, including Auckland's much-awarded Andrew Patterson, have been critical of Australian practices winning big jobs here.05 May 05:00 PM
WorldAustralia's major banks cop blast from OxfamAustralia's major banks are scrambling to distance themselves from dealings with companies accused illegal or immoral practices28 Apr 05:00 PM
Banking and financePaint it blackCampaigners are out to hit the fossil fuel industry where it hurts, by making it an unacceptable place to invest. Peter Huck reports13 Feb 04:30 PM
Banking and financeWestpac chief takes pay cut - earns just $3.16mWestpac's New Zealand boss earned more than $3 million in 2013 despite taking a pay cut.13 Nov 04:07 AM
Banking and financeBig banks' record profitsNew Zealand's big four banks collectively made more than $3.5 billion in the last year in another record year for the sector.05 Nov 04:24 AM
Banking and financeWestpac cuts high-risk loansWestpac chief executive Peter Clare says the bank's rivals have been left with a "hangover" after pushing forward with mortgage pre-approvals.04 Nov 04:30 PM
Banking and financeBig Aussie banks rack up $31b in profitsThe big four Australian banks made more than A$27 billion (NZT $31b) in profits in the past year, making Australasia's banking sector one of the world's most successful.04 Nov 05:07 AM
BDBDBanking and financeWidespread bank pay delayPayments between New Zealand banks have been restored after a glitch at ANZ New Zealand led to industry-wide disruptions.29 Oct 10:10 PM
