Latest FromWestpac Banking Corporation
![OCR hike not till December, say bank economists](/pf/resources/images/placeholders/placeholder_l.png?d=795)
OCR hike not till December, say bank economists
Global turmoil in global markets means the next OCR hike is now likely to be December, not September, say a growing number of bank ecnomists.
![NZ stocks steady after early falls](/pf/resources/images/placeholders/placeholder_l.png?d=795)
NZ stocks steady after early falls
The New Zealand stock exchange closed today down 2.78 per cent after sharp falls earlier today, but more markets around the world are continuing to suffer from investor concerns about the downgrading of the US credit rating.
![NZ economy to accelerate, even as world soft, says Westpac](/pf/resources/images/placeholders/placeholder_l.png?d=795)
NZ economy to accelerate, even as world soft, says Westpac
New Zealand economic growth will accelerate in the next year or two, despite the global economy hitting a soft patch, Westpac's latest quarterly economic review says.
![Greens call for probe into officials' free lunches](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Greens call for probe into officials' free lunches
Big banks shout Treasury staff to meals and events with 'disturbing frequency'.
![SFO lays 90 fraud charges in LWR collapse](/pf/resources/images/placeholders/placeholder_l.png?d=795)
SFO lays 90 fraud charges in LWR collapse
The SFO probe into the collapse of Canterbury clothing maker LWR has resulted in criminal charges being laid against its director Kenneth James Anderson and one other.
![Retail therapy: Young and eager](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Retail therapy: Young and eager
It's hard to be a young designer in New Zealand right now, but the Westpac Young Fashion Designer competition is looking to help out those who are starting out in the industry.
![Weak demand for credit threatens big NZ banks](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Weak demand for credit threatens big NZ banks
Weak credit demand could curtail earnings growth for the big New Zealand banks, says credit rating agency Standard and Poor's.