New Zealand’s expected pace of inflation over the coming two years has slowed down from the start of the year, though unemployment is still picked as staying relatively high, according to the latest central bank survey. Respondents to the Reserve Bank’s March survey of expectations don’t seen any sign of rising interest rates, with consumer price inflation seen at 1.67 …

Fisher Funds expects its customers to share the benefits of a larger business in the form of cheaper fees, having stitched up a deal to buy insurer Tower’s investment business for $79 million. Managing director Carmel Fisher told a media briefing in Auckland that funds management is a scalable business in that it doesn’t take much extra resource to manage …

Former Prime Minister Jenny Shipley stonewalled questions about her suitability to remain chair of state-owned power company Genesis Energy after resigning her chairmanship of Mainzeal companies just before the country’s largest construction group went into receivership. In her first public appearance since the Feb. 6 Mainzeal receivership, Shipley was fielding questions at the six month result briefing for Genesis, which …