NZ dollar bounces back after digesting weak Australian inflation data
By Jenny Ruth April 26 (BusinessDesk) - The New Zealand dollar rose, mainly reflecting a retracement against the Australian dollar following weaker-than-expected Australian inflation data on Wednesday. The kiwi was trading at 66.43 US cents at 5pm in Wellington from 66.21 a...
RESEND: COMMENT - The case for getting rid of trustees from managed funds
By Jenny Ruth April 26 (BusinessDesk) - The collapse of most of New Zealand’s debenture-selling finance companies exposed the fact that their trustees had been mere ticket clippers and box-tickers and provided investors with little in the way of practical protection they were...
NZ dollar falls as weak Australian CPI rekindles rate cut speculation
By Jenny Ruth April 24 (BusinessDesk) - The New Zealand dollar was dragged lower along with its trans-Tasman counterpart after March quarter inflation in Australia fell to its slowest pace in three years. The kiwi was trading at 66.20 US cents at 5pm in Wellington from 66.4...
Less than half of customers say banks can be trusted
By Jenny Ruth April 24 (BusinessDesk) - Consumers tend to be satisfied with their banks overall but less than half think banks can be trusted and almost two-thirds doubt they have their customers' best interests at heart. Consumer NZ’s latest annual banking survey found tha...
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