KPMG warns end of mortgage war may be near
The mortgage war spurred by the Reserve Bank’s interest rate cuts last year may be near an end, according to KPMG.The financial services advisory firm noted the unexpected competition that arose in the second half of 2019 after the central bank cut the official cash rate half a p...
LIC in talks to buy half-stake in Israeli farm management firm Afimilk
Livestock Improvement Corp said it’s in advanced talks to buy half of Israeli dairy farm management firm Afimilk Agricultural Cooperative.The New Zealand dairy herd genetics company confirmed the negotiations were underway after Israeli publication CTech reported LIC was close to...
MARKET CLOSE: NZ shares gain as weaker kiwi buoys A2, F&P Healthcare
New Zealand shares rose, led by A2 Milk and Fisher & Paykel Healthcare as a weaker kiwi dollar helped boost the value of their overseas earnings. The S&P/NZX 50 Index rose 39.16 points, or 0.3 percent, to 11,873.98. Within the index, 17 stocks gained, 24 fell, and nine were un...
Coronavirus to exacerbate slide in Chinese visitors
Travel restrictions imposed on Chinese visitors are expected to exacerbate the decline in New Zealand’s second-biggest pool for tourists. Short-term Chinese visitor arrivals fell 9.2 percent to 407,141 in calendar 2019 from the year prior. Stats NZ populations indicators manag...
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