6+ hour, 2+ min ago   (766+ words) Revenue Minister Simon Watts has identified his target: overseas student loan borrowers who deliberately avoid Inland Revenue communications. A change Parliament has been asked to pass does not expressly require deliberate avoidance to be proved. The change appears in clause…...

10+ hour, 9+ min ago   (628+ words) Despite the Reserve Bank wanting them to, banks are not raising their term deposit rates. At least, not significantly. On Monday Kiwibank raised its six month and one year rates by five basis points (bps). Tiny occasional shifts are the…...

14+ hour, 3+ min ago   (832+ words) Content supplied by Federated Farmers Profitability is the highest it’s been in a decade, but farmers are worried about whether the good times will hold. Federated Farmers’ latest Confidence Survey shows 72% of farmers are making a profit, with fewer than…...

14+ hour, 28+ min ago   (613+ words) This week will feature the US Fed's rate decision on Thursday as the key upcoming event. Financial markets are pricing a 75% chance of a +25 bps hike. Economists have the full +25 bps as their central expectation. The reason is clear - inflation…...

1+ day, 6+ hour ago   (537+ words) Labour wants to make employer contributions to KiwiSaver compulsory, rising to 6%, extend employer contributions to workers over 65, make the default employee contribution rate at 4%, as well as removing the minimum contribution rate. Labour leader Chris Hipkins is also promising to…...

1+ day, 8+ hour ago   (446+ words) The reason can be found in China’s trade data for August, which shows a whopping 25% year-on-year rise in exports, up from the 23.9% increase recorded in July. Despite similarly strong import growth (from a smaller base), China has delivered another huge…...

3+ day, 12+ hour ago   (645+ words) The current housing market slump may be making it more difficult for existing home owners to move up the property ladder, because it's likely reducing the amount of equity they have to put towards their next home. Interest.co.nz…...

4+ day, 11+ hour ago   (329+ words) China’s huge trade surplus, now running at over US$1 trillion per year, poses important macroeconomic and trade-policy issues, which were recently addressed in a valuable Project Syndicate compendium. But aside from short-term policy choices, it is also vital to understand…...

4+ day, 14+ hour ago   (1180+ words) Here's our summary of key economic events overnight that affect New Zealand, with news both Iran and the US are targeting oil tankers in the Persian Gulf in the sharpest escalation in their conflict since Trump's war began. The oil…...

5+ day, 11+ hour ago   (609+ words) The Nelson Building Society becoming the first non-bank deposit taker to gain access to the Reserve Bank's Exchange Settlement Account System (ESAS) will improve its competitive position against banks, and bolster treasury management options, chief executive Gina Dellabarca says. The…...