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NZ dollar jumps after weak US employment data
Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.
Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.
It's time to call Beijing's stock-market intervention what it really is: quantitative easing, Chinese style, writes William Pesek.
The dollar fell as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi.
Worrying stat comes as ANZ says it'll keep paying into its staff members' KiwiSaver accounts who go on parental leave.
The dollar has rallied after what the markets perceived as a more optimistic view of the economy from Reserve Bank Governor Graeme Wheeler.
The dollar rose on speculation Wheeler may soften his language about an easing bias, and after stocks rebounded.
Union chief says he received a tip that hundreds of Westpac staff face losing their jobs.
The dollar fell after signs of weaker Chinese manufacturing activity dented demand for commodity currencies.
The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.
Credit card debt is considered unsecured debt unlike your mortgage where a bank can sell your house if you fail to make payments.
The New Zealand dollar has fallen ahead of the Reserve Bank's expected interest rate cut this morning.
BNZ has lowered its 2015/16 milk price forecast for Fonterra but says it expects dairy prices to recover late this year.
Disruption is not something the Co-Operative Bank or BNZ have actively sought, they say, but was rather a by-product of striving for improvement.
Think twice before you leave your wallet in your car - criminals are fleecing victims using contactless bank cards.
An Auckland real estate agent says "some groups of buyers" are trying to beat the Government's new restrictions on foreign property purchases due in October.
The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.
The best thing you can do in business is to back yourself, says Spark's Digital First general manager Anna Curzon.
In Deborah Battell's first year as Banking Ombudsman there were 1888 formal complaints - a 99 per cent rise.
Banks create the money they lend out of nothing and can charge interest on the new money for as long as it exists in the form of a debt owed to them, writes Bryan Gould. "The affordability crisis will go on getting worse."
The dollar has since consolidated after a slump in dairy prices and benign inflation stoked expectations of interest rate cuts.
Former Commonwealth Bank worker Jon Waldron allegedly received over $2 million for awarding contracts to a US firm.
The dollar plummeted after whole milk powder fell more than expected in the GlobalDairyTrade auction overnight.
The dollar gained as an unexpected decline in US retail sales raised speculation of a delayed increase in US interest rates.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.
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