All News
Westpac NZ boosts 1H earnings 7 percent on lending growth in housing, agri, smaller charges on bad debt
By Paul McBeth May 3 (BusinessDesk) - Westpac Banking Corp's New Zealand unit boosted first-half earnings 7 percent from a year ago on increased mortgage and agriculture lending and a lower charge for bad debts. Cash earnings rose to $370 million in the six months ended March...
NZX signals end to unconventional dividend policy in 2014
May 3 (BusinessDesk) – NZX has signalled an end to its unconventional dividend policy, which has tied the stock market operator to stepped increases of not less than 1 cent a share since 2009. The Wellington-based company today declared a first-quarter dividend of 1.25 cents a...
NZ dollar climbs against euro after ECB leaves door open for negative interest rates
May 3 (BusinessDesk) – The New Zealand dollar rose against the euro after the European Central Bank cut its deposit rate as expected and left the door open to imposing negative deposit rates. The kiwi rose to 64.97 euro cents from 64.46 cents at 5pm in Wellington yesterday, an...
Prev
