Economy

Latest Stories

Swiss sweat over size of new superbank

The arranged marriage of UBS and Creduit Suisse prevented the collapse of the country's second-biggest lender by folding it into the largest.

Business •6:00pm

Will NZ be affected by the 'serious crisis' in global banking?

Bankers around the world "never quite know where the next dominoes are going to fall" in the system, an economic historian says.

Economy •7:49am

Credit Suisse takeover: Will it calm financial fears?

UBS bank's acquisition of Credit Suisse was an urgent attempt at preventing a global financial crisis, stoked by recent bank failures in the US.

UK And Europe •Tue, Mar 21

UBS agrees to take over troubled rival Credit Suisse

Credit Suisse is one of 30 banks around the world deemed so crucial to the international banking system that they are thought to be too big to fail.

Economy •Mon, Mar 20

Explainer: How do banks fail?

Two of the US' three biggest bank failures in history happened earlier this month.

Economy •Sun, Mar 19

Why do NZ infrastructure projects always go over budget?

The recent blowouts on the Lake Onslow scheme and Auckland's City Rail Link have raised questions about why costs become so eye-watering.

Economy •Sun, Mar 19

Fonterra plan to return $800m to shareholders after profit jump

"We also expect to be able to pay a strong full-year dividend, in addition to our proposed capital return," chief executive Miles Hurrell said.

Business •Thu, Mar 16

Gross domestic product shrinks 0.6% in December quarter

Fall follows slight economic growth in the second and third quarters last year of 1.9% and 2% respectively.

Economy •Thu, Mar 16

Credit Suisse shares plunge as bank fears spread to Europe

"Credit Suisse is not just a Swiss problem but a global one," one economist has remarked.

Economy •Thu, Mar 16

Recession fears in New Zealand as GDP figures loom

Market sentiment is for Stats NZ to reveal a mild contraction in Q4 2022 when the government body releases data on Thursday.

Economy •Wed, Mar 15

NZ's balance of payments deficit hits record $33.8 billion

Broadly speaking, the country is living well beyond its means, which is filled by borrowing.

Personal Finance •Wed, Mar 15

Signature Bank seized to send banks a message, director says

Former US Representative Barney Frank believes the state officials behind the action were trying to make an example of Signature Bank in a takeover.

Economy •Tue, Mar 14

After two historic US bank failures, here’s what comes next

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the system.

North America •Tue, Mar 14

More money announced for pensioners the 'bare minimum' - Age Concern

The organisation's chief executive Kevin Lamb says the Government needs to target those most vulnerable.

Cost Of Living •Tue, Mar 14

National median house prices decrease 13.9% year-on-year – REINZ

Cyclone Gabrielle has made its impact on the housing market, according to new figures from The Real Estate Institute of New Zealand (REINZ).

Economy •Tue, Mar 14

Second US bank shut down in attempt to prevent instability

The US government said New York-based Signature Bank has been closed over what they describe as a "systemic risk".

Economy •Mon, Mar 13

Cost of living top of Kiwis' minds ahead of election - poll

It comes after new stats showed the cost of food has soared.

Politics •Mon, Mar 13

Oil giant Saudi Aramco makes historic $262 billion in profit

The firm, known formally as the Saudi Arabian Oil Co, said in its annual report that the profit represented "its highest annual profits as a listed company".

Business •Mon, Mar 13

Supermarket supply costs 10.4% higher compared to a year ago

Infometrics chief executive Brad Olsen says food production costs and weather-related disruptions will only reinforce pressures put onto suppliers.

Food And Drink •Mon, Mar 13

NZ landfill boss sees alarming rise in clothing waste

There is growing controversy over the impacts of the millions of tonnes of discarded fast fashion clothing that ends up in the world’s landfills.

Economy •Sun, Mar 12

Economy

Latest Stories

Swiss sweat over size of new superbank

Will NZ be affected by the 'serious crisis' in global banking?

Credit Suisse takeover: Will it calm financial fears?

UBS agrees to take over troubled rival Credit Suisse

Explainer: How do banks fail?

Why do NZ infrastructure projects always go over budget?

Fonterra plan to return $800m to shareholders after profit jump

Gross domestic product shrinks 0.6% in December quarter

Credit Suisse shares plunge as bank fears spread to Europe

Recession fears in New Zealand as GDP figures loom

NZ's balance of payments deficit hits record $33.8 billion

Signature Bank seized to send banks a message, director says

After two historic US bank failures, here’s what comes next

More money announced for pensioners the 'bare minimum' - Age Concern

National median house prices decrease 13.9% year-on-year – REINZ

Second US bank shut down in attempt to prevent instability

Cost of living top of Kiwis' minds ahead of election - poll

Oil giant Saudi Aramco makes historic $262 billion in profit

Supermarket supply costs 10.4% higher compared to a year ago

NZ landfill boss sees alarming rise in clothing waste

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