NZ dollar declines on US labour market data
The NZ dollar declined after US labour market data left open the possibility of US interest rate hikes this month.
The NZ dollar declined after US labour market data left open the possibility of US interest rate hikes this month.
Will they or won't they is the question that has been on investors' minds as they try to guess when the US Federal Reserve will raise official rates.
BNZ reduces one-year fixed rate to 4.35 per cent ahead of Reserve Bank's expected announcement that OCR will be cut.
China's move doesn't have to spark rivalry, Japanese visitor tells Herald political editor Audrey Young.
New Zealand trusts associated with a former Russian billionaire once known as "Putin's banker" are now subject to a worldwide freezing order by a London court.
Banks appear to have come to the party for NZ farmers needing support during the dairy downturn.
US economic data has kept alive expectations the Federal Reserve may hike interest rates this month.
The dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia's largest economy.
Business confidence has dropped to levels last seen in the immediate aftermath of the global financial crisis.
Liam Dann writes: Inflation is not dead and there seems no doubt market volatility and the slowdown in China were top of mind for many.
The USD strengthened after Fed Reserve officials signalled the US central bank is on track for a potential rate hike next month.
The dollar edged up with gains limited by a stronger US dollar buoyed by better economic data.
The world's largest bank, Industrial and Commercial Bank of China, is stepping up its international expansion to offset China's slowing economic growth, according to former chief executive Yang Kaisheng.
It follows a period of volatile trading as investor confidence about weakness in China abated.
The New Zealand dollar slumped to its lowest level in six years as equities sank amid concerns about global growth.
The dollar rose as traders delayed their expectations for US interest rate hikes, broadly weakening the greenback.
The New Zealand dollar gained as traders pare back bets for the Federal Reserve to hike interest rates next month.
Mondo chief has told UK regulators he wants to run a new type of bank.
The dollar jumped after US Fed minutes pushed out expectations for a US interest rate hike, damping greenback demand.
Aucklanders looking to withdraw cash from ATMs might be in trouble as security guards used to replenish ATM machines in the city go on strike.
The dollar was little changed after dairy product prices jumped as expected at auction overnight.
NZ's five biggest banks continued to show strong earnings growth, but questions are being raised about whether this can be sustained.
The slip came as net interest income for ANZ Bank's NZ arm rose 4 per cent in the past financial year to $2.14 billion.
The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.
If Mr Shearer is wise he should buy some shares in these businesses once he has sorted his overdraft problems. Better to be the predator than the prey, writes Peter Lyons.
Investors will soon have another option when it comes to beating the savings' rate on money in the bank.
In light of the stress the dairy industry is under right now, they really do need to take the longer-term view that they say they are taking, writes Brian Fallow.