Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
BNZ provides $108m for covid-19 related impairments
Bank of New Zealand's contribution to its parent bank's covid-19 related impairment charges was $108 million and it also accelerated depreciation of internally generated software, adding $151 million to costs for the six months ended March.That meant BNZ's statutory n...
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Finance
JENNY RUTH: What messages are corporate bonds sending?
Trading in corporate bonds listed on the NZX provides some interesting inferences as to what investors are thinking at a time when rational thought may be hard to come by. Take New Zealand Post – yes, it's facing severe structural challenges with dwindling mail volumes, but it...
Finance
BNZ's first-half result a bright spot as NAB raises A$3.5b
Bank of New Zealand's cash earnings rose 5.6 percent in the six months ended March, mainly reflecting 8.5 percent growth in housing lending and lower charges against profit for bad loans.Earnings at its parent, National Australia Bank, more than halved, largely due to an A$80...
Finance
NZX hires EY to review clearing system glitches
Stock exchange operator NZX said it has hired accounting firm EY to conduct an independent review of its technical problems over the last six trading days and is reviewing a range of hardware upgrades to increase processing throughput.It is also working with clearing system vendo...
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