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![ASB profit hits $806m high](/pf/resources/images/placeholders/placeholder_l.png?d=793)
ASB profit hits $806m high
An improving economy helped boost ASB's annual net profit by 14 per cent to a record $806 million, but the bank's chief executive, Barbara Chapman, says bad-debt expenses are likely to begin trending upwards from their present low levels.
![German yields near 1pc as Japan-style risks grow](/pf/resources/images/placeholders/placeholder_l.png?d=793)
German yields near 1pc as Japan-style risks grow
ECB reluctance to adopt full-scale quantitative-easing policies is prompting German comparisons with Japan's stagnation over the past 15 years.
![SkyCity unveils big new hotel plan](/pf/resources/images/placeholders/placeholder_l.png?d=793)
SkyCity unveils big new hotel plan
SKyCity has dramatically increased the scope of its planned Auckland convention centre, announcing plans for a five star hotel and a 50 per cent increase in spending on the project .
![Council execs work with stunning views](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Council execs work with stunning views
More and more Auckland Council executives and staff are moving into central city offices with million dollar harbour views.
![Big push to boost events industry](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Big push to boost events industry
More than $2 million a year will be spent to almost double the economic spinoff from Auckland's business events sector to $430 million annually in the next decade.
![Economy riding the road to growth](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Economy riding the road to growth
ANZ's Truckometer recorded an increase in heavy traffic on roads last month.
![Auckland convention spin off plan unveiled](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Auckland convention spin off plan unveiled
Auckland aims to almost double the economic spinoff for the business events industry to $430 million industry by 2023.
![House sales down across New Zealand](/pf/resources/images/placeholders/placeholder_l.png?d=793)
House sales down across New Zealand
House sales fell 13 per cent in July as winter cooled the appetite of house hunters, but the national median price is still up $31,000 from a year earlier.
![Vista eyes bigger picture](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Vista eyes bigger picture
The Auckland-based company Vista, whose technology is used to manage cinema operations in 63 countries, pulled off a solid stock exchange debut yesterday.
![Phil O'Reilly: Foreign buyers a boon for economy](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Phil O'Reilly: Foreign buyers a boon for economy
Sales of farmland to foreigners has become a heated issue just before the election, writes Phil O'Reilly.
![Aussie iron giants turn to cattle farming](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Aussie iron giants turn to cattle farming
As prices for iron ore are projected to slip, cattle is becoming more attractive to Australian mining companies.
![Can't save? Blame genes](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Can't save? Blame genes
We all know that we should save to ensure our golden years really do turn out to be what the name suggests but why do we find it so hard to do so?
![New global crash looming: bank boss](/pf/resources/images/placeholders/placeholder_l.png?d=793)
New global crash looming: bank boss
Another crash in global asset prices could be brewing according to Raghuram Rajan, Governor of the Reserve Bank of India.
![Property values up, but at a slower pace - QV](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Property values up, but at a slower pace - QV
Rising interest rates, LVR restrictions and the onset of winter have taken the heat out of the housing market, according to just released QV figures.
![NZ job prospects sunnier at last](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ job prospects sunnier at last
For the first time since the global recession hit, it is now easier to find a job in New Zealand than in Australia.
![Brian Fallow: Jobs data sign of economic slowdown](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Brian Fallow: Jobs data sign of economic slowdown
The jobs numbers out yesterday were less encouraging than the headline drop in the unemployment rate to 5.6 per cent suggests.