Metro GlassTech in trouble with its bankers, AFR says
Glass maker Metro GlassTech is the latest heavily indebted overseas private equity owned business to get into strife with its bankers, says one report.
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NZ commodity prices rise to new record
New Zealand commodity prices edged up to a new record in May, led by kiwifruit at the start of a new season. Prices in New Zealand dollars fell from a record level as the kiwi dollar climbed.
Dollar falls from post-float high
The New Zealand dollar fell from a post-float high against the greenback, before the release of a survey on business confidence.
NZ dollar soars to 3-year high
The New Zealand dollar has hit its highest level against the greenback in just over three years. The kiwi peaked at 81.23 US cents...
Brian Fallow: Ratings agencies pacified but no straying off track
Focus of concern is instead the amount the country as a whole is borrowing.
<i>Brian Gaynor: </i>Big Aussies lapping up their Kiwi cream
The four big Australian-owned banks - ANZ National, ASB, Bank of New Zealand and Westpac - are creaming it in New Zealand.
ANZ says it is adequately provisioned for Chch earthquake
New Zealand's biggest bank, ANZ, says it has adequate provisions for the impact of the Christchurch earthquake.
Floating mortgages now over 50pc of all NZ home loans
More than half of New Zealand's $168.2b of mortgages are now on floating rates, says the Reserve Bank.