
NZ dollar stable following China fall
It follows a period of volatile trading as investor confidence about weakness in China abated.
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.
Royal Bank of Scotland boss Ross McEwan follows through on his promise to return $2.4m of his share-based allowance by last week giving $1.2m to charity.
Q: A few years ago my daughter entered the workforce. She got a credit card with a limit of $500. Within a year the bank sent a letter raising the limit to $10,000.
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 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.
New Zealand told a wary United States of its involvement in a new Chinese infrastructure bank from the start and those conversations were never tense, officials say.
The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.
The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.
Downbeat economic commentary continued to flow yesterday, with Westpac saying it expects New Zealand's annual GDP growth to dip below 2 per cent, while ANZ's Truckometer is pointing to a clear....
The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.
A surge in apparel spending has boosted New Zealand's total electronic card sales figures for the third month in a row, however this growth is likely to slow, according to economists.
The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents.
The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.
The dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike.
National Australia Bank has lifted its quarterly cash profit 9 per cent to A$1.75 billion after a fall in bad debts offset the effect of tough competition among lenders in Australia.
The case relates to a $199 million loan the New Zealand national pension fund made, and has since written off.
Post-crash financial reforms have failed to mend the banking industry's defective culture and hence repair its reputation.
The kiwi may advance this week as traders have already priced in a weaker dairy sector.