Canterbury University grapples with bonds quake fall-out
University of Canterbury will rely on its implicit government guarantee to meet payments to investors on its bonds after the earthquakes scared off students, seriously denting finances.
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Interest rates rise may be a year away
The Reserve Bank is not expected to increase interest rates for the rest of this year.
Downgrade won't hit hard - banks
New Zealand's big banks - hit this morning by a credit rating downgrade from Standard & Poor's - say the change shouldn't affect their funding costs.
Agency cuts NZ bank credit ratings
Standard and Poor's has downgraded the credit ratings of the big four Australian banks and their New Zealand units by one notch, as part of its global review of bank ratings.
Big banks stand by for credit ratings news
Standard & Poor's has cut the credit ratings of 15 of the world's biggest banks - mostly in Europe and the United States - in the first wave of actions under its new, tougher, ratings criteria.
Chorus signs up $1.35b bank funding line
Chorus, now officially demerged from Telecom, has just secured a $1.35b bank facility. Photo / Supplied
No to Chinese Crafar sale, says Fay poll
A poll for the Michael Fay-led consortium trying to buy the Crafar farms shows an "overwhelming desire for the govt to stop in and stop the sale" to the would-be Chinese buyer, Pengxin International.
Inside Money: The great wall of cash
"Believe it or not there's a lot of money out there," an authorised financial adviser (AFA) told me in a carpark conversation last week...
Struggle to tackle property addiction
Major political parties' lack of policies to redress our love affair with housing has bred frustration in economic circles.
NZ banks wary of new Reserve Bank rescue rules
NZ banks are wary of new rules that lay down how the Reserve Bank can freeze bank accounts.