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NZ govt's social housing plans aim to alleviate poverty, PM Key says
By Paul McBeth Nov. 3 (BusinessDesk) - The government's plan to increase the private provision of state-housing is part of a wider goal to alleviate the country's most vulnerable by putting more cash in their pockets, Prime Minister John Key says. Speaking at his weekly pos...
MARKET CLOSE: NZX 50 rises to record on yield hunt; Heartland, Genesis, Spark gain
By Suze Metherell Nov. 3 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to its eighth consecutive record close, after Heartland New Zealand affirmed guidance. Genesis Energy and Infratil gained as investors hunted yield in a low interest rate environment. ...
Westpac NZ margins squeezed by shift to fixed rate mortgages, increased rivalry
By Fiona Rotherham Nov. 3 (BusinessDesk) - The switch from floating to fixed interest rates mortgages has impacted Westpac New Zealand’s net interest margin,which fell six basis points in the 2014 financial year. Net interest margin is the difference between what interest t...
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