ASB Bank lifts annual earnings 5% as bigger loan book offsets skinnier margins
By Paul McBeth Aug. 10 (BusinessDesk) - ASB Bank boosted annual earnings by 5 percent as increased business and mortgage lending boosted the lender's income streams facing tighter margins in a highly competitive market. Cash profit rose to $908 million in the 12 months end...
NZ house sales drop 10% in July as supply continues to dwindle
By Paul McBeth Aug. 10 (BusinessDesk) - The volume of houses sold last month dropped 10 percent from a year earlier as the number of properties on the market continued to shrink, according to the Real Estate Institute of New Zealand. There were 7,299 sales in July, 10 perc...
TeamTalk hires Cameron Partners for strategic review
By Paul McBeth Aug. 10 (BusinessDesk) - TeamTalk has hired investment bank Cameron Partners for a strategic review of the telecommunications company just three weeks after appointing a new chief executive. The investment bank will review TeamTalk's "strategy and the subseq...
NZ dollar gains as investors await RBNZ rate decision
By Paul McBeth Aug. 10 (BusinessDesk) - The New Zealand dollar gained as investors eye tomorrow's Reserve Bank policy review which is expected to see governor Graeme Wheeler cut interest rates and indicate more to come. The kiwi rose to 71.55 US cents at 8am in Wellington...
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