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Westpac NZ sees LVR speed limits slowing housing credit as business lending picks up
Nov. 4 (BusinessDesk) – Westpac Banking Corp’s New Zealand unit expects housing credit growth to slow next year as the Reserve Bank’s LVR restrictions bite, although that will be offset by faster business credit growth as the economy accelerates. The bank forecasts housing cred...
Kea Petroleum seeks bank facility to confirm going concern status
Nov. 4 (BusinessDesk) – London-based Taranaki oil and gas company Kea Petroleum needs to sign a bank facility to fund capital expenditure on production facilities and ongoing testing of prospects, projected cashflows from two semi-developed wells that have been producing for les...
RESEND Rob Tapert’s ‘Evil Dead’ NZ production company posts $49,000 profit for classic remake
(Fixes Raimi’s name in fifth paragraph) By Tina Morrison Nov 4 (BusinessDesk) – Rob Tapert, the American film maker husband of actress Lucy Lawless, said the New Zealand company formed to produce a remake of his 1981 horror classic Evil Dead posted a profit of $49,000 before b...
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