Anan Zaki

3 weeks ago | rnz.co.nz | Anan Zaki

New research suggests deposit interest rates - particularly at non-bank deposit takers - could fall significantly when the Reserve Bank introduces its deposit protection measure. The Depositor Compensation Scheme (DCS) - expected to come in mid-year - would allow eligible depositors to have up to $100,000 of their savings protected in the event of a bank, building society or finance company failure. It was estimated the scheme would protect around 93 percent of depositors in New Zealand.

4 weeks ago | rnz.co.nz | Anan Zaki

Building company Latitude Homes says it has been able to negotiate lower prices despite rising supply costs It says there are alternative suppliers outside the typical mainstream suppliers The company is urging the building industry to "say no" to price increasesRising building costs have been in focus this week, with one major builder estimating it could potentially add up to $30,000 to the cost of a new home.

1 month ago | rnz.co.nz | Anan Zaki

Major home builder says prices for multiple products are up by 3-7 percentWarns typical new build prices could rise by $20,000-$30,000Major supplier says it's facing electricity costs, inflation pressuresOne of the country's biggest home builders is warning about cost pressures, as suppliers lift prices amid a challenging sales picture for building companies.

1 month ago | odt.co.nz | Anan Zaki

New Zealand’s largest cryptocurrency exchange has fallen into Australian hands in a major shakeup of the local crypto market. Easy Crypto, with more than 350,000 users globally, has been acquired by Brisbane-based crypto exchange Swyftx for an undisclosed sum. The parties said the merger would create the second-largest platform in Australasia by trading volume, combining with Swyftx’s 800,000 customers.

1 month ago | rnz.co.nz | Anan Zaki

Easy Crypto to merge with Australia's Swyftx for an undisclosed sumThe merger will create the second-biggest cryptocurrency trading platform in Australasia by volumeEasy Crypto brand to be eventually retiredNew Zealand's largest cryptocurrency exchange is has fallen into Australian hands in a major shakeup of the local crypto market. Easy Crypto, with more than 350,000 users globally, has been acquired by Brisbane-based crypto exchange Swyftx for an undisclosed sum.