A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Fonterra says wide ranging milk price forecast for new season reflects global uncertainty; mid price for current season now set at $7.20; earnings for current year still picked to be between 15c-25c a share
Fonterra says wide ranging milk price forecast for new season reflects global uncertainty; mid price for current season now set at $7.20; earnings for current year still picked to be between 15c-25c a share
Participants in the Reserve Bank's household expectations survey are forecasting inflation of 3.2% over the next year, while over half of them are worried about losing their jobs
Participants in the Reserve Bank's household expectations survey are forecasting inflation of 3.2% over the next year, while over half of them are worried about losing their jobs
Fletcher Building says the lockdown resulted in it losing $55 million in New Zealand during April; sees residential building consents plummeting by 30% over the next year
Fletcher Building says the lockdown resulted in it losing $55 million in New Zealand during April; sees residential building consents plummeting by 30% over the next year
David Hargreaves has a deeper dive through the Reserve Bank's latest figures on mortgage lending by debt-to-income ratio and finds that buyers across the spectrum have been stretching themselves further
David Hargreaves has a deeper dive through the Reserve Bank's latest figures on mortgage lending by debt-to-income ratio and finds that buyers across the spectrum have been stretching themselves further
New Reserve Bank figures show that household debt to income ratios continued to blow out right up till the lockdown - and first home buyers were in the frontline
New Reserve Bank figures show that household debt to income ratios continued to blow out right up till the lockdown - and first home buyers were in the frontline
The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
Z cancels final dividend for year after reporting $88 million after-tax loss; has attained some 'covenant relief' from lenders; aims to reduce costs by up to $96 mln this year
Z cancels final dividend for year after reporting $88 million after-tax loss; has attained some 'covenant relief' from lenders; aims to reduce costs by up to $96 mln this year