In your dreams: NZ economy to accelerate, even as world soft, says Westpac

Yesterday, Westpac chief economist Dominick Stephens told us that we have nothing to worry about because for some reason we are sometimes out of sync with the rest of the world and as we have had a few disasters and the rugby cup which for some reason will bring in the big bucks what will […]

Axa’s suspension impacts Westpac portfolio

The fallout from Axa New Zealand’s freezing of one of its property-related funds has spread to a partial freeze of a specialist product run by Westpac New Zealand. Westpac New Zealand yesterday said a portion of its “Capital Stable Portfolio” had been suspended from withdrawal, because it was based on investments in funds including Axa’s […]