NZX says operating earnings will reach top of guidance
NZX now expects operating earnings for calendar 2019 to come in at the top of its guidance range reflecting increased capital raisings, one-off revenue from its data and insights operations and consulting revenue from energy contracts. The stock exchange operator said earnings...
US and NZ economic prospects brighten as Christmas approaches
The prospects for both the domestic and United States economies appear to be brightening, with the proviso that the US and China make tangible strides to resolving their trade war. On the local front, the government's half-year economic and fiscal update due on Wednesday will...
NZ dollar consolidates weekly gain of more than a US cent
The New Zealand dollar consolidated near a four-month high the past week as betting on another interest rate cut next year dwindled while the odds of a February cut by the Reserve Bank of Australia increased.The kiwi was trading at 65.55 US cents at 5pm in Wellington from 65.46 c...
Jenny Ruth: OPINION: How RBNZ softened up the banks to accept higher capital rules
It looks like a classic negotiation strategy: hit 'em hard with an extreme-sounding proposition, weather all the flack and pushback, and then finally come out with a "compromise" position that was probably close to what you wanted all along.So it was for the Reserve Bank's final...
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