KiwiSaver turned 4 on Friday but birthday celebrations
were kept low key. Despite accumulating $8 billion in
savings, KiwiSaver, like other superannuation schemes before
it, has become a political football. Business editor Dene
The proposed acquisition by Heartland Bank of PGG Wrightson
Finance is good news for investors as it increases the scale
of Heartland, which will likely to be perceived as positive
in the eyes of credit rating agencies.
French banks have agreed to roll over holdings of maturing
Greek bonds and German bankers have expressed interest in the
French proposal. Business editor Dene Mackenzie reports that
the Greek tragedy is far from over.