KiwiSaver providers, including the big-five Australian banks, are behaving like a cartel by not switching people to more aggressive saving schemes, a financial advisor says.
Netflix’s subscriber growth fell short of Wall Street expectations, sending shares of the normally high-flying stock down 14 percent on fears that the company’s expansion is slowing.
Most of the first batch of 1000 KiwiBuild affordable homes to be built in the next year will be apartments and will come from stalled development projects.