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NZ Dollar Outlook Kiwi may hold its ground vs. stronger greenback with local rates set to rise
By Tina Morrison Nov. 4 (BusinessDesk) – The New Zealand dollar may hold its own against a stronger US dollar in the coming week, underpinned by a reviving local economy where interest rates are heading up. The local currency may trade between 81.20 US cents and 84.50 cents th...
Westpac’s NZ unit FY cash earnings rise 9 percent as lending grows, impairments fall
Nov. 4 (BusinessDesk) – Westpac Banking Corp’s New Zealand unit reported a 9 percent increase in full-year earnings after lifting deposits and lending and holding expenses unchanged, making up for margin shrinkage. New Zealand cash earnings, which exclude one-time items, rose t...
Building industry calls for better home building consent processes
Nov. 4 (BusinessDesk) – The biggest increases in the cost of building a house have come from increased local government resource consent fees and higher land development costs caused in part by inconsistent local authority approaches to provision of infrastructure, according to...
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