Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Suncorp NZ stars with 76% profit growth as group earnings plunge
By Paul McBeth Aug. 7 (BusinessDesk) - Suncorp Group's New Zealand unit was a standout for the Australasian bank and insurer, as premium growth and fewer claims helped boost local profit 76 percent while earnings plummeted across the Tasman. The Brisbane-based financial se...
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Finance
NZ dollar under pressure ahead of widely expected rate cut
By Rebecca Howard Aug. 7 (BusinessDesk) - The New Zealand dollar remained under pressure after a soft dairy auction and ahead of the central bank’s rate decision. The kiwi was trading at 65.28 US cents at 7:55 am in Wellington versus 65.29 cents at 5pm. The trade-weighted i...
Finance
Inflation expectations push lower in RBNZ survey
By Rebecca Howard Aug. 6 (BusinessDesk) - Business managers and finance professionals lowered their inflation expectations in the latest Reserve Bank survey. Respondents to the central bank's quarterly survey predict consumer price inflation of 1.71 percent a year from now...
Finance
Solid jobs numbers won't sway RBNZ - economists
By Rebecca Howard Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate hit an 11-year low, but economists say the data won’t put off tomorrow’s widely expected rate cut and most say it doesn’t change anything down the track. The central bank is expected to cut rates by 2...
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