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Allied Farmers Confirms Westpac Debt Reduction

Allied Farmers Confirms Westpac Debt Reduction

Allied Farmers today confirmed its outstanding term debt with Westpac is now less than $1.65 million following the receipt of funds from the Maison Reeves Condominiums (MAC Reeves) receivership in the United States.

Retailing Still Soft In August - Deutsche Bank

The Electronic Card Transactions (ECT) survey measures the value of transactions on all debit, credit and charge cards undertaken with NZ-based merchants and thus represents a census of approximately three-quarters of all sales that take place in the core retail sector.

Property Council Requests Tax Assistance To Support Canterbury's Recovery

Property Council is joining others in requesting the Government's assistance to support recovery efforts in Canterbury.

The Shaky Isles - August In Review

The Shaky Isles - August In Review

The Fed left the Fed Funds rate unchanged, but surprised some by agreeing to maintain the size of its balance sheet, ANZ reported today.

Westpac Institutional Bank Morning Report 15.9.10

Westpac Institutional Bank Morning Report 15.9.10

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Westpac Global Markets Strategy Group: Morning FX Thoughts - NZ Edition

Westpac Global Markets Strategy Group: Morning FX Thoughts - NZ Edition

Asset classes diverge on Fed rumours. Various analyst reports (some a day old) gained traction suggesting the Fed could signal a fresh round of significant quantitative easing as early as next week's FOMC meeting, staggered purchases of up to US$1t in government bonds mentioned.

Moody's Assigns Aaa Deposit Rating To Public Trust

Moody's Assigns Aaa Deposit Rating To Public Trust

Sydney - Moody's Investors Service has today assigned a backed long-term deposit rating of Aaa to Public Trust.

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BNZ Currency Reports

BNZ Currency Reports

Yesterday's July retail sales figures were never going to be strong. And they weren't. The 0.4%m/m dip in total retail sales even managed to disappoint the market's very modest expectation of flat sales in the month.

ANZ Morning Currency Briefing

ANZ Morning Currency Briefing

CURRENCY: Expect another day where the NZD will follow the leader in advance of tomorrow's key releases. It may well break higher on the day but would do so tentatively and would not be the initiator of such a move.

OECD Unemployment Rate Steady

OECD Unemployment Rate Steady

OECD unemployment rate steady at 8.5% in July In July 2010, the unemployment rate for the OECD area was steady at 8.5%, unchanged from the previous month and down slightly from the 8.6% level recorded in May.

The general pattern of broad stability holds in most OECD countries.