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NZ dollar surges to record vs. Russian ruble amid escalating Ukraine tensions
By Tina Morrison March 4 (BusinessDesk) – The New Zealand dollar touched a record high against the Russian ruble amid escalating tensions over control of the Ukraine. The kiwi touched a high of 30.65 rubles overnight, and was trading at 30.56 rubles at 8am in Wellington, from...
While you were sleeping Ukraine concern heightens
By Margreet Dietz March 4 (BusinessDesk) – Stocks on both sides of the Atlantic slumped amid increased concern about the growing crisis in Ukraine and the potential for war with Russia. Russia’s ruble sank to a record low, while the country’s key stock index plunged 11 percent....
NZ banks lift interest income in 2013 as funding costs fall, margins stay flat
By Jonathan Underhill March 3 (BusinessDesk) – New Zealand’s registered banks managed to lift their net interest income in 2013, in spite of intense competition in the residential mortgage market, as wholesale funding costs fell and banks eased off chasing retail deposits. Bank...
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