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NZ dollar touches fresh 5-year high vs. Aussie ahead of NZ fiscal update, RBA minutes
By Tina Morrison Dec. 17 (BusinessDesk) – The New Zealand dollar touched a fresh five-year high against the Aussie overnight ahead of reports today which are expected to confirm the divergence of the two economies. The kiwi rose as high as 92.57 Australian cents in local tradi...
ComCom to issue proceedings against ASB, ANZ, Westpac over interest rate swaps
Dec. 17 (BusinessDesk) - The Commerce Commission intends to issue legal proceedings against three of the major Australian banks over their sale of interest rate swap contracts to farmers, which the regulator says may have breached the Fair Trading Act. The commission intends t...
While you were sleeping Manufacturing lifts stocks
By Margreet Dietz Dec. 17 (BusinessDesk) – Investors found value in equities on both sides of the Atlantic after the recent slide amid concern US Federal Reserve policy makers might start easing back their bond-buying programme in a two-day meeting starting on Tuesday. The late...