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Weak demand for credit threatens big NZ banks
Weak credit demand could curtail earnings growth for the big New Zealand banks, says credit rating agency Standard and Poor's.
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.
<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.
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.
<i>Gill South</i>: To win at the career game, you'll need to know how to play
Authors offer tips to ambitious executives keen on gaining promotion.
House prices rise to record average
New housing statistics have identified increasing numbers of Auckland suburbs that are out of reach for first-time buyers, with childless big-earners the most likely to be able to buy now.
ASB, Vodafone hit for millions after power price spike
Soaring wholesale power prices last week have prompted complaints from 14 organisations, including ASB bank, Telecom, Vodafone and the owner of the Marsden Point oil refinery.
OIO approves Colorado owner to buy Tegel in $600m leveraged buyout
Affinity Equity Partners, the private equity firm that owned the now in-receivership retailer Colorado Group, has been given clearance to buy Tegel Foods.
Kiwi may fall as US economy, greenback back in focus
The New Zealand dollar may fall this week, after Federal Reserve board members hinted that the US economy is recovering enough to end extraordinary support measures.
Bank announces Christchurch rebuild package
ASB has announced a $250 million package to help stimulate the city's economy, local businesses and community groups, the bank's chief executive Barbara Chapman said.
ASB gees up quake city with $250m plan
A $250 million investment programme by ASB to support businesses and people in Christchurch is to be announced this morning.