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Ponzi scheme operator receives jail term

Friday, 23 March, 2018 - 15:46

A Christchurch man who defrauded his clients of at least $17.5 million through a Ponzi scheme has been sentenced to eight years in prison with a minimum non-parole period of four years for charges brought by the Serious Fraud Office.

Interest rates remain low but high deposits ‘cruel’

Thursday, 22 March, 2018 - 11:42

"Ongoing low interest rates are little consolation to first-home buyers if the deposit hurdle remains far too high," says Geoff Barnett, National Manager of Century 21 New Zealand.

Official Cash Rate unchanged at 1.75 percent

Thursday, 22 March, 2018 - 09:05

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.

New IFC report on green bonds learning from Fiji wins award

Wednesday, 21 March, 2018 - 12:13

Emerging markets and other sovereign nations are becoming a significant new force in the global green bond market attracting millions of dollars to help combat climate change by reaching a new class of investors through sovereign green bonds, according to a new report by IFC, a sister organizatio

Data shows big jump in residential value of kiwi cities

Wednesday, 21 March, 2018 - 07:40

Property Institute of New Zealand Chief Executive Ashley Church says that new data showing that the residential value of kiwi cities is closing in on $1 trillion dollars is both good and bad news for the New Zealand housing market and wider economy.

NZIER's Shadow Board sees little need to change OCR outlook

Tuesday, 20 March, 2018 - 10:16

NZIER’s Monetary Policy Shadow Board largely kept unchanged its views on what the Reserve Bank should do with the Official Cash Rate. The Shadow Board continues to recommend the OCR be left on hold this Thursday at 1.75 percent.

Latest economic figures show commentary 'out of step with the facts'

Thursday, 15 March, 2018 - 13:35

The Council of Trade Unions President, Richard Wagstaff said that the latest Gross Domestic Product (GDP) figures out today showed economic anxiety from some business leaders is a political response, rather than one grounded in evidence.

Assessment of money laundering and terrorism financing risks published

Thursday, 15 March, 2018 - 09:06

This week the New Zealand Police Financial Intelligence Unit (the FIU) published an updated assessment of the money laundering and terrorism financing risks that the country faces, called the National Risk Assessment.

Climate Commission needs teeth like Reserve Bank - Greenpeace

Wednesday, 7 March, 2018 - 16:51

Greenpeace New Zealand Executive Director, Russel Norman, says the new Government’s Climate Commission needs to be given teeth if it’s to have any significant impact on reducing emissions.

Climate Commission needs teeth like Reserve Bank - Greenpeace

Wednesday, 7 March, 2018 - 13:05

Greenpeace New Zealand Executive Director, Russel Norman, says the new Government’s Climate Commission needs to be given teeth if it’s to have any significant impact on reducing emissions.