NZ dollar falls after RBNZ leaves negative rates on the table
The New Zealand dollar fell after the Reserve Bank left the door open on negative interest rates while at the same time doubling its bond buying programme to $60 billion. The kiwi was trading at 60.11 US cents at 5pm in Wellington from 60.75 cents at the same time yesterday wh...
CBA provides A$1.5b for covid-19-related losses
Commonwealth Bank of Australia has provided A$1.5 billion against potential losses relating to the covid-19 crisis. That's just below Westpac's A$1.6 billion provisions and considerably higher than National Australia Bank's A$807 million and ANZ Bank's A$1.03 billion. CBA d...
S&P expects NZ banks' covid-19 losses to peak at $4.7b
Credit rating agency Standard & Poor's expects New Zealand 'big four' banks' collective covid-19-related losses will peak at about $4.7 billion but they're well-placed to absorb such losses so it shouldn't affect their capital positions. The international ratings agency has ma...
Covid-19: doom or boom for city office space?
Some have rushed to judgement that the coronavirus crisis spells the end of the office as we know it.
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