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NZ consumer confidence edges up in June as long-term outlook brightens
June 21 (BusinessDesk) - New Zealand consumer confidence edged up in June as kiwis deemed the long-term outlook for the economy was brighter. The ANZ-Roy Morgan consumer confidence index rose to 123.9 from 123.7 in May. The current conditions index dropped 1 point to 122 and fu...
Demand for LGFA bonds cools as Fed’s QE exit saps appeal of debt
June 21 (BusinessDesk) – Demand for Local Government Funding Authority bonds, strongly overbid since the first tender in February last year, cooled this week as the Federal Reserve’s likely exit from its quantitative easing programme sapped demand for interest rate-sensitive ass...
FMA lines up two KiwiSaver issuers over ‘potentially misleading statements’ in offer docs
By Paul McBeth June 21 (BusinessDesk) - The Financial Markets Authority is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents as it puts the state-sponsored retirement schemes under greater scrutiny. After...