$1.5m Bella Vista payment under investigation

The liquidator of Bella Vista Homes says a major focus of his investigation is a $1.5 million transaction that “severely harmed” the operations of the company.The buyout of director and shareholder Daniel De Martin took place one…

Behavioural economics can help us understand why Trump's slogans and argument framing work with his supporters, accessing basic human responses to perceived risks and rewards

Tweet This article is a re-post from Fathom Consulting‘s Thank Fathom its Friday: “A sideways look at economics”. It is here with permission By Ellie Henderson* “Not another article about Donald Trump” — said everyone. Since the election of Donald Trump, the media has been flooded with the trials and tribulations of his ‘stormy’ presidency. We at Fathom have always focused on …

US mortgage rates at 7yr high; US farm supports fail; Canada inflation over 2%; EU trade swells; TIVA tensions grow; UST 10yr 3.06%; oil and gold unchanged; NZ$1 = 69.2 USc; TWI-5 = 72.1

Tweet Here’s our summary of key events overnight that affect New Zealand, with news rising interest rates are affecting developed countries and emerging markets alike, and not just bond investors. In the US, home mortgage rates have now hit a seven year high. The average 30 year fixed rate mortgage (a standard American basis that works because the Federal Government …

The Government's commitment to establishing a non-partisan fiscal costings body is the right move – you only need to revisit the $11.7b fiscal hole saga to see why, says Jason Walls

Tweet Steven Joyce. By Jason Walls When it comes to politicians playing politics, former Finance Minister Steven Joyce is up there with the best of them. As National’s campaign chair for more than a decade, Joyce developed a fundamental understanding of politics, the media and – most importantly – voters. He knows what makes them tick and how to spin …

MBIE believes the value of residential property investment over the next 5 years will be 2-5 times higher than Treasury projects; Twyford says Treasury's math is 'simply wrong'

Tweet Housing and Urban Development Minister Phil Twyford is slamming Treasury for its estimate that the amount of investment in residential property over the next five years will be half of what was projected five months ago. Treasury, in its Budget Economic and Fiscal Update (BEFU) released on Thursday, said: “Changes in the timing of capital expenditure on KiwiBuild since …

A review of things you need to know before you go home on Friday; CBL escapes liquidation, some TD rate changes, higher inflation expectations, S&P ok with Budget 2018, more bond offers, swaps still rising, NZD firms

Tweet Here are the key things you need to know before you leave work today: MORTGAGE RATE CHANGES No changes to report today. TERM DEPOSIT RATE CHANGES ANZ have increased their 8 month rate by +25 bps to 3.55%. TSB have cut their cash PIE by -10 bps to 1.55%. EXPECTING HIGHER PRICES The RBNZ survey of household inflation expectations …

The Finance Minister is committing more funding to health over coming budgets, saying it will take six years for the Government to make up for years of underfunding in the sector

Tweet By Jason Walls Thursday’s Budget and its massive commitment to rebuilding public services was just the opening act of a six-year plan to rebuild the public sector, Finance Minister Grant Robertson says. Speaking to Interest.co.nz the day after unveiling his first Budget, Robertson made it clear this area will be a major focus for the Government across its first …

Inside the big business of royal weddings

In quitting Hollywood to marry a prince, Meghan Markle is giving up a successful career to join the business of being a British royal.And what a money-making machine it is – though it often tests the boundaries of good taste and…