![Big banks stand by for credit ratings news](/pf/resources/images/placeholders/placeholder_l.png?d=799)
Big banks stand by for credit ratings news
Standard & Poor's has cut the credit ratings of 15 of the world's biggest banks - mostly in Europe and the United States - in the first wave of actions under its new, tougher, ratings criteria.
Standard & Poor's has cut the credit ratings of 15 of the world's biggest banks - mostly in Europe and the United States - in the first wave of actions under its new, tougher, ratings criteria.
Six out of 11 analysts who cover Fletcher Building shares have cut their 2012 and 2013 earnings forecasts.
World share markets are up after central banks from Europe, Japan and North America agreed to cut the cost of US dollar funding.
Italy found buyers for its debt but had to pay a premium, underpinning the sense of urgency for European Union leaders to contain the debt crisis.
Investors overnight welcomed renewed efforts by European Union leaders to check the escalation of the sovereign debt crisis.
Trading in NZX dairy futures passed the 10,000-lot mark today for the first time. NZX says this milestone means the market is well on the way towards reaching critical mass.
Air New Zealand, wants to lift annual profit by $110 million by 2015 and is picking a better performance than the latest earnings performance.