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The following articles are sourced from The New Zealand Herald


Co-Operative Bank posts 24pc lift in profit
Fri, 29 May 2015 08:57
The Co-Operative Bank has posted a 24 per cent lift in annual profit, while also boosting its rebate to customers.Chief executive Bruce McLachlan said the lender, previously known as PSIS, had increased overall profits by 59 per...

 

NZ dollar drops to four-year low on concern low Fonterra payout will dent economy
Fri, 29 May 2015 08:45
The New Zealand dollar dropped to its lowest in more than four years on concern about the outlook for the economy after Fonterra Cooperative Group yesterday announced a low payout to dairy farmers.The kiwi touched 71.27 US cents,...

 

NZIER predicts official cash rate to hold
Thu, 28 May 2015 05:00
The Reserve Bank will disappoint the financial markets and leave the official cash rate on hold for another two years, for fear of fuelling the fire raging in Auckland's housing market, the New Zealand Institute of Economic Research...

 

When predicting China stocks there's only wrong and very wrong
Wed, 27 May 2015 10:00
Only in China can you predict the world's biggest stock-market rally and still come out looking like a pessimist.A year ago, analysts who cover the 50 largest companies trading in Shanghai and Shenzhen said equities were set to...

 

Economy to grow at 3pc, driving jobs growth: NZIER
Wed, 27 May 2015 08:06
The New Zealand economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing the unemployment rate, according to the NZ Institute of Economic Research's quarterly predictions.The institute...

 

Dairy weighs on trade balance
Wed, 27 May 2015 05:00
A slump in dairy exports weighed on the trade balance last month.Exports at $4.2 billion were $240 million or 5.5 per cent lower than in April last year, a drop that could entirely be explained by a $237 million or 66 per cent drop...

 

'Time is near' for US interest-rate increase
Tue, 26 May 2015 15:00
Accelerating inflation and strong employment growth are pushing the US economy close to the point where it can support higher interest rates, Federal Reserve Bank of Cleveland President Loretta Mester said on Monday."If the data...

 

Americans toast strong dollar while downing cheap European wine
Tue, 26 May 2015 10:00
Of the many wonders to behold in Greece, Matt Derr has found a gem: local wine at $3 a glass.During a nine-day getaway to the land of the gods, he's sampled Greek salads and grilled meats for as little as $7 a plate and learned...

 

NZ dollar little changed in quiet trading as major markets closed for holidays
Tue, 26 May 2015 09:40
The New Zealand dollar was little changed overnight with major markets in the US and the UK closed for public holidays.The kiwi held at 73.05 US cents at 8am in Wellington, from 73.06 cents at 5pm yesterday.The trade-weighted...

 

New El Nino brings risk factor to farm output
Tue, 26 May 2015 07:21
The El Nino weather pattern that meteorological forecasters are predicting this year is likely to reduce New Zealand's agricultural output, say Bank of New Zealand economists.Historic data compiled by BNZ suggests a correlation...

 

Crunch time for dairy farmers
Tue, 26 May 2015 05:00
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.Analysts estimate the forecast will be close to $5 per kg of milksolids. The $4.50 a kg forecast...

 

NZ dollar falls as greenback strengthens after inflation report, Yellen speech
Mon, 25 May 2015 08:39
The New Zealand fell as the US dollar strengthened following signs of rising US inflation and after Federal Reserve chair Janet Yellen said interest rates were on track to increase this year.The kiwi slipped to 73.02 US cents at...

 

A Beautiful Mind mathematician John Nash killed in taxi crash
Mon, 25 May 2015 07:55
John Forbes Nash Jr, the mathematical genius whose struggle with schizophrenia was chronicled in the 2001 movie A Beautiful Mind , has died along with his wife in a car crash on the New Jersey Turnpike. He was 86.Nash and Alicia...

 

Labour law reform seen as essential for eurozone
Mon, 25 May 2015 05:00
European Central Bank head Mario Draghi says governments that share the euro currency should not wait for better times to push through reforms that would boost sluggish growth.Draghi said tough measures to reduce bureaucracy and...

 

'Overvalued' Wall St tipped to stall on fears of higher interest rates
Mon, 25 May 2015 05:00
Wall Street stocks moved mostly higher last week despite mixed earnings from big retailers and caution about swelling equity valuations.The Dow and S&P 500 both notched record closes during the week before retreating a bit, while...

 

Cheap fuel fails to oil wheels of consumer sentiment
Mon, 25 May 2015 05:00
In the US cheap oil hasn't provided the economic stimulus that it was widely expected to.More than six months into the great oil price crash, US growth remains sluggish.GDP growth in the first quarter of this year was almost nonexistent...

 

3 Asian economies with room for improvement
Sun, 24 May 2015 16:30
I've assigned somewhat disappointing grades to the would-be economic reformers of Asia's three leading economies: India (B), Japan (C-) and China (C+). But those aren't the only Asian countries with ambitious leaders and a need for...

 

A report card for Asia's would-be reformers
Sun, 24 May 2015 15:00
One year ago, after Narendra Modi's election as prime minister of India, I explored how Asia's biggest economies were suddenly in the hands of leaders pledging huge economic reforms. Like Modi, Japan's Shinzo Abe and China's Xi Jinping...

 

China: A major economy but run like a minor one
Sun, 24 May 2015 14:00
Zhou Xiaochuan is governor of the People's Bank of China. But among some financial types, he's earning another, less enviable title: the killer of weekends.On May 10, Zhou announced a surprise interest rate cut, forcing anyone with...

 

America's 1 million missing entrepreneurs
Sun, 24 May 2015 13:58
At the start of the 1970s, about 3 per cent of US households started a new business every year. By the end of the '80s, that rate had increased by a third. By the end of the '90s, it had risen again, by almost a fifth, and stood near...

 

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