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Big bank profits the price for stability, Bollard says
By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand's big four Australian-owned banks earn more out of the nation than banks in most other countries, but that's the price that must be paid for a sound financial system, according to former Reserve Bank governor Alan Bollard. R...
NZ dollar rises to highest in about 7 months on Spanish budget, China stimulus
By Jonathan Underhill Sept. 28 (BusinessDesk) – The New Zealand dollar rose to its highest level in almost seven months after Spain announced an austerity budget that may herald a formal request for a bailout, while China pumped record amounts of funds into its financial system....
While you were sleeping Spanish budget appeals
By Margreet Dietz Sept 28 (BusinessDesk) - Investors applauded a Spanish budget that's focused on cutting spending and the deficit as that might help appease European Union officials if the cash-strapped nation moves ahead with asking for a full financial rescue. Also underpinn...
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