The amount of residential building work was up 4.3 percent on the previous quarter, with non-residential work growing 2.6 percent, notably school buildings and factories.
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The risk of a sharp correction in the housing market is rising, with an explosion in supply likely to coincide with a fall in demand, BNZ economists warn.
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Complaints about banking behaviour and service fell by 6.6 percent to 26,020 for the three months ended March. The banking ombudsman says there’s more work to be done to capture all complaints.
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The G7 wealthy democracies are expected to endorse Washington’s proposal for an ambitious global corporate minimum tax when their leaders meet later this week in Britain, a US Treasury official said on Wednesday.
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The effect of the pandemic on New Zealanders’ online shopping habits is evident in new spending numbers.
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Rural insurance provider FMG says it’s received about 300 claims to do with the floods in Canterbury.
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Workers at Northland’s oil refinery say the region should be bracing for the biggest loss of jobs in a generation – but not enough is being done to cushion the blow.
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The central bank has been buying government bonds and making cheap loans available to banks to help keep a lid on interest rates and ensure sufficient liquidity in the financial system.
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Telcos have banded together in an attempt to stamp out a relatively uncommon but potentially devastating type of fraud.
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Directors and senior managers of lenders are being warned of penalties for poor conduct.
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