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Ratings On Auckland City Council Lowered To 'AA-/A-1+'; Outlook Stable

Wednesday, 16 December, 2009 - 16:38

Standard & Poor's Ratings Services today said that it had lowered its local currency ratings on Auckland City Council to 'AA-/A-1+' from 'AA/A-1+'. The outlook on these ratings is stable.

AMP Increases Offer For AXA Asia Pacific And Declares Offer Price Best And Final

Monday, 14 December, 2009 - 12:04

AMP Limited announced today a revised joint proposal with AXA SA, offering an increased price for AXA Asia Pacific Holdings Limited (AXA AP) that equates to $6.221 per share, representing a 532 per cent premium on AXA AP's closing share price on 5 November.

Westpac Bulletin: RBNZ MPs Preview - Delaying The Inevitable

Friday, 4 December, 2009 - 16:58

* Economic data continues to point to a stronger recovery than expected, and inflation pressures are starting to re-emerge. * Crucially, this time the positive economic news will not be offset in the RBNZ's mind by a stronger NZ dollar.

Farming Sector Still Lagging Behind Other Property Sectors Trends

Thursday, 3 December, 2009 - 15:35

The farming property market is yet to witness the rebound in sales activity being experienced within other property sectors, according to Bayleys real estate's rural research report.

SBS Bank Makes Travels Easier With Launch Of The Cash Passport

Monday, 23 November, 2009 - 11:44

If you've got the travel bug but some of the financial planning seems a bit hard, then SBS Bank may have the answer with the launch of the Cash Passport.

Exporters Need Monetary Policy Changes

Friday, 20 November, 2009 - 14:40

Changes to the monetary policy framework are needed to put an end to wealth transfers from the tradeable sector say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZ Is Not Australia, But Could Be Their Lucky Neighbour

Thursday, 5 November, 2009 - 12:59

Financial markets and businesses need to appreciate the different futures New Zealand and Australia are charting out of the global financial crisis, Reserve Bank Governor Alan Bollard said today.

BNZ Reports Annual Result

Wednesday, 28 October, 2009 - 10:23

BNZ has today reported cash earnings of $420 million for its core NZ Banking operations, representing a 12.9% drop year on year.

BNZ CEO Andrew Thorburn said: 'We are emerging from a tough year with a sound balance sheet, good asset quality and strong capital ratios.

Zespri Releases Stable Forecast Despite Challenging Marketplace

Thursday, 22 October, 2009 - 17:43

In its latest industry forecast, ZESPRI has announced a $48 million increase in payments to growers, compared with last season, despite a challenging market.

New Zealand Cricket Annual Report 2008/09

Thursday, 22 October, 2009 - 17:41

New Zealand Cricket has released its 115th Annual Report today, reporting a surplus of $6.84m after distributions.