Volvo ditches pledge to sell only electric cars by 2030
Financial Times: Demand for battery-powered vehicles has decreased globally.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Lending rules easing: Directors and managers no longer personally liable for breaches
Minister Andrew Bayly believes number of changes will make it easier to get a loan.
Ponsonby’s Chapel Bar & Bistro: Who is claiming money, how much is owed
List of creditors just released shows IRD, bank, food and drink suppliers are owed money.
Financial services provider who threatened to report clients to Immigration NZ has licence cancelled
'This firm lacked any integrity with its clients," says FMA's Peter Taylor.
Kester Black investors upset after company put into administration
Once lauded for turning $50 into massive empire, the founder now faces angry investors.
Concern over housing costs hits record high across rich nations
Financial Times: Rising mortgage costs, rents meet building shortage to stoke crisis.
Global stocks slide as investors fret over US slowdown
Financial Times: Wall Street extends losses after unimpressive manufacturing reading.
NZME’s David Mackrell named CFO of the Year
Mackrell has led NZME through challenging economic conditions.
Former Auckland financial adviser accused of procuring $1.7m from clients for personal use
The defendant faces a maximum prison term of seven years.
Mortgages: How many borrowers have ‘fix regret’?
Mortgage brokers advise clients to hold off as long as possible before fixing rates.
The cost of cracking cancer: What the $1.6t race for a cure leaves behind
Financial Times: Pancreatic cancer is a killer, with few new treatments on horizon.
'Improper' Covid cash claim: Ministry takes hotel building contractor to court
Issue over nearly $250,000 in pandemic-era wage subsidies.
Opinion: Elon Musk is an unguided geopolitical missile
Financial Times: While Musk's influence is showing up, he still lacks ability to make law.
Financial stress eases for young Kiwis but rises for mortgage holders
Signs financial stress could be easing, but not for everyone.
'We can't sleep': Couple fear for future, loan on Du Val unit axed
Meanwhile, a decision on media access to court and receivership files has been reserved.
Du Val downfall: From champagne, private jets to receivership and $250m debt
Now Du Val investors and creditors want their money.
UK government to probe ‘dynamic’ pricing behind Oasis ticket price surge
Financial Times: Cost jumped dramatically with online sale's ‘dynamic’ pricing system.
How far have interest rates really fallen?
August has been the month of cuts. Here's how they've stacked up.
ANZ weighs ban on office-hours drinking after trader misbehaviour
Financial Times: Bank seeks to call time on drunk workers as part of culture review.
'Plague of our times': banks devoting more to scam fight
Australia's 'Big Four' banks are setting aside more resources to fight scams.
Liam Dann: The economy sucks – why is business confidence so high?
OPINION: Business optimism has surged, despite the recession and rising unemployment.
Wellington cafe suffers ‘worst sales day ever’ as job cuts bite
Cafe owners say crunch worse than during Covid and making a profit is 'near impossible'.
Silicon Valley’s elite rattled by prospect of tax on unrealised gains
Financial Times: The proposal faces long odds but alarms the ultra-wealthy nevertheless.
ELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amount
Receivers have collected about 85% of the total amount owed by debtors.
Australia’s top banker defends lifting bonus caps
Financial Times: CEO says competition in mortgage market trumps regulators’ concerns.
‘Obscenely greedy’ oil executives handed Swiss jail terms for role in fraud
Financial Times: ‘World’s biggest ever kleptocracy case’ involves former oil chief.
Westpac cuts home loan rates as highly competitive market continues
Westpac now has the lowest advertised two-year rate among the five major banks.
Business confidence soars to highest in a decade – ANZ
ANZ chief economist: 'Things are looking up, albeit from a pretty dark place.'
Nvidia revenue more than doubles as demand for AI chips remains strong
Financial Times: Shares fall 6% despite the strong earnings.
Warren Buffett’s Berkshire Hathaway surges past $1 trillion market value
Financial Times: Chair has sold stocks including Apple.
Bank-switching among mortgage holders hits record high
The Commerce Commission believes banks could still make it cheaper for customers to leave.
Du Val Group: High Court to decide if interim receivership documents can be made public
Judge prepares to hear arguments in Hamilton on Monday.
KiwiSaver fund that has returned nearly 400%
KiwiSaver has seen remarkable growth this year, particularly in more aggressive funds.
BNZ predicts 7% increase in house prices by 2025 amid falling interest rates
Prices will be flat this year but increase 7% next year, bank economist says.