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Kiwibank's life insurer gets ‘a-‘ credit rating from AM Best
By Paul McBeth Sept. 20 (BusinessDesk) - State-owned lender Kiwibank's life insurance unit, Kiwi Life Insurance, has been assigned an ‘a-‘ credit rating by AM Best on the strength of the overall group's balance sheet. The rating agency's assessment reflects the insurer's profi...
NZ dollar holds near 6-month high ahead of GDP
By Hannah Lynch Sept. 20 (BusinessDesk) - The New Zealand dollar held near a six-month high amid speculation second-quarter gross domestic product will show the local economy has expanded in the face of weaker global growth. The New Zealand dollar was little changed on 82.76 U...
While you were sleeping US housing shows strength
By Margreet Dietz Sept 20 (BusinessDesk) - Better-than-expected housing data bolstered Wall Street, while the Bank of Japan's decision to follow policy makers in the US and Europe by providing further stimulus for its languishing economy helped underpin the mood. Existing house...
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