Meta cuts 600 workers in AI unit as it races to compete in tech boom
Naomi Nix Washington Post· 22 Oct, 2025 09:45 PM2 mins to read Subscribe to listenAccess to Herald Premium…
ASB cuts fixed term morgtage rates: New 18-month rate of 4.45% puts bank ahead of others
ASB’s 18-month rate comes down to 4.45%, just lower than ANZ, BNZ, and Westpac’s 4.49%. Its two-year rate…
Forget interest rates, here’s the real key to getting mortgage-free faster
In fact, over 30 years at an average interest rate of 6% you can end up paying double…
Mortgage rate cuts easing financial pressure on Kiwi home owners, more ahead on loans
NZBA chief executive Roger Beaumont said most customers continue to manage their money well despite the challenging economic…
Fletcher Building issues gloomy update, targets further $100m cost cuts
The principle drivers for the softer performance were continued weak demand across key markets and heightened competitive activity,…
Northland builders hit by consent slump and high costs despite interest rate cuts
While some builders had lots of work on, others had been struggling since around last year, he said.…
Big OCR cut boosts hopes for economic recovery: ‘Past the worst’
The RBNZ’s Monetary Policy Committee was cautious in highlighting that inflation risks still. It warned that annual consumers…
BNZ cuts mortgage rates to match rivals ahead of OCR announcement
ASB, ANZ and Westpac cut their two-year fixed rates to 4.65%. The five major banks, including Kiwibank, dropped…
Tauranga business cuts staff hours after paid parking hits sales
Evans said she had reduced some staff members’ hours and if sales didn’t improve in a few weeks,…
Westpac cuts home loan rates as mortgage competition intensifies
General manager of product, sustainability and marketing Sarah Heran said it would mean the one-year special rate had…
House prices New Zealand: Economists say Official Cash Rate cuts needed to boost market
“This also suggests that mortgage rates could have a bit further to fall yet, especially for floating or…
Mortgage rate cuts: ANZ drops fixed rate below 4.5% day after BNZ as OCR decision due next week
She said ANZ was continuing to review home loan rates in response to international and local market conditions,…