New Zealand’s trillion-dollar wealth gap: Who are we leaving behind?

“What’s interesting is that those with the top 20 per cent of net worth in New Zealand in 2018 had 56 per cent of their net worth tied up in a range of financial assets like bonds, debt securities, shares, funds, and similar – substantially higher than the 10 per cent to 13 per cent […]

Country Calendar endures as a wonderous window into rural New Zealand

Ian has been in more dressing rooms than a quantity surveyor, but lives to tell the story. He has the right hyperbole for every customer and knows them all. I’m sure many of his brides are repeat business. The Posh Frock Shop lifts the spirits and lowers the bank balance.

Euro holds gains as traders brace for ECB meeting

However, traders may be reluctant to buy the common currency further before the ECB meeting due to earlier media reports that officials are growing uncomfortable with the euro’s almost 6% appreciation against the dollar from its June low.

FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

FOREX-Dollar steadies as traders wary about U.S. stocks, look to ECB for catalysts

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

Daily Briefing: China and gold

Chinese stocks too are gangbusters – the Shenzen blue chip index has risen for an eighth straight day, adding another 1.5%. It’s already risen 16% this month, shrugging off tensions with the West over Hong Kong and economic uncertainty caused by COVID-19.

185,000 workers expect to lose their jobs within next year, Stats NZ says

He said the reverberations of the Covid-19 shock would play out for a number of years. “Although we have done incredibly well and the economy is as strong as it possibly could be given the circumstances, the hit on the economy is still substantial and we are yet to see it fully play out.”

‘Bow wave’ of mortgage pain ahead, credit agency says

He expects Covid to affect “a far-wider band” of borrowers than the GFC, and is particularly concerned for regions reliant on tourism. “About 11.9 per cent of the mortgages in Queenstown applied for and received a deferral on their payments.”

Election 2020: Labour promises to slash paywave, credit card fees and lend billions to small businesses

READ MORE:Labour promises to slash paywave and credit fees and lend billions to businesses as part of small business plan Paywave shock for businesses as fees return to normal Coronavirus: Financial regulators vow to remain vigilant, urge financial institutions to do the right thing

Seeing and hearing ourselves is vitally important for Pasifika peoples in Aotearoa

Pakilau Manase Lua is the Chairman of the Pacific Response Coordination Team of the Pacific Leadership Forum. He is an installed Matapule or talking chief for Lord Ma’afu of Vaini and Tokomololo. He co-facilitates the Mana Moana programme for Leadership NZ and is on the boards of Fonua Ola, Aotearoa Tongan Health Workers Association and […]