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The following articles are sourced from The New Zealand Herald

New building consents patchy, but signs of revival
Fri, 31 Oct 2014 10:44
New residential dwelling consent data continues to be patchy with numbers hovering at between about 1900 and just over 2000 consents a month in New Zealand.But overall, the residential building sector is showing a strong recovery.In...


ANZ New Zealand profit surges $343m to $1.71b
Fri, 31 Oct 2014 10:12
ANZ New Zealand's profit climbed $343 million, or 25 per cent, in the past 12 months to a record $1.71 billion.The local unit of Australia & New Zealand Banking Group benefited from home loan lending growth and bedded down savings...


NZ dollar gains as investors shy away from US dollar
Fri, 31 Oct 2014 08:52
The New Zealand dollar advanced as investors shied away from placing further bets that the greenback would rise.The kiwi rose to 78.42 US cents at 8am in Wellington, from 77.90 cents at 5pm yesterday. The trade-weighted index gained...


Brian Fallow: Inflation monster goes missing
Fri, 31 Oct 2014 08:24
Where has inflation gone and does it have a return ticket?Little wonder the Reserve Bank has just left interest rates on hold and the markets expect no change in the official cash rate for another year or so.In the year to last...


Wall St up as Visa, Mastercard rally
Fri, 31 Oct 2014 07:48
Wall Street rose after a report showing the US economy grew at a better-than-expected clip in the third quarter, while shares of Visa and MasterCard rallied after their latest earnings topped expectations.In afternoon trading...


Auckland rates move: What it means for you
Fri, 31 Oct 2014 05:00
About 116,000 Auckland households face a rates increase of more than 10 per cent under a rating formula released by Mayor Len Brown yesterday.The mayor is proposing an overall rates increase of 2.5 per cent next year, but other...


Rate rise looks distant prospect
Fri, 31 Oct 2014 05:00
If the Reserve Bank still sees interest rate increases in our future it is a distant prospect - at this stage.Most market economists poring over yesterday's official cash rate decision detected only a vestigial, implicit tightening...


Dollar slips as greenback grows
Fri, 31 Oct 2014 05:00
The outlook for the New Zealand dollar took another bearish turn yesterday after the US dollar spiked higher on the back of an upbeat economic assessment from the Federal Reserve and the market started to price out the likelihood...


NZ dollar sinks on Fed optimism
Thu, 30 Oct 2014 17:48
The New Zealand dollar dropped more than 1 US cent after the Federal Reserve gave an optimistic outlook for the world's biggest economy, stoking talk of interest rate hikes next year, while the nation's own Reserve Bank signalled...


Number of billionaires doubled since financial crisis
Thu, 30 Oct 2014 16:30
The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners.According to Oxfam, the world's rich are getting richer, leaving hundreds of millions...


NZ dollar dives 2pc in morning trading
Thu, 30 Oct 2014 10:29
A resurgent US dollar and more bearish talk from the Reserve Bank combined to drive the New Zealand dollar 2 per cent lower in active trading this morning.The greenback had spiked higher in the wake of an upbeat message from the...


NZ dollar drops 1pc as Fed more upbeat about US economy; RBNZ awaited
Thu, 30 Oct 2014 08:42
The New Zealand dollar dropped 1 percent after the Federal Reserve was more upbeat about the outlook for the US economy than expected in its policy statement this morning, strengthening the greenback.The kiwi dropped as low as 78.25...


Wall St down as Fed ends asset purchases
Thu, 30 Oct 2014 08:08
Wall Street and US Treasuries fell overnight, extending earlier losses, after Federal Reserve policy makers ended its monthly bond-buying programme and signalled they saw "sufficient underlying strength in the broader economy.""Labour...


OCR unchanged - dovish tone from Reserve Bank
Thu, 30 Oct 2014 08:00
There is a distinctly more dovish tone to the Reserve Bank's official cash rate statement this morning.As universally expected it has left the OCR on hold at 3.5 per cent, where it has been since July.But it has dropped the...


NZ dollar holds gains ahead of central bank meetings
Wed, 29 Oct 2014 18:02
The New Zealand dollar held gains in local trading ahead of statements from the Federal Reserve and Reserve Bank tomorrow.The kiwi traded at 79.20 US cents at 5pm in Wellington from 79.25 cents at 8am and 78.98 cents yesterday....


Biz confidence shows first gain in eight months in post-election bounce
Wed, 29 Oct 2014 14:16
New Zealand business confidence advanced for the first time in eight months in October, rebounding from a two-year low as certainty returned following last month's general election. The New Zealand dollar rose after the survey...


NZ one of the easiest places to run a business - World Bank
Wed, 29 Oct 2014 14:01
Small and well-run Singapore, New Zealand and Hong Kong are the world's easiest places to run a business, while global giants China, Brazil and India remain far down the list, according to the World Bank.Three small but hot Pacific...


NZ dollar rises as greenback falls on weaker durable goods data
Wed, 29 Oct 2014 08:40
The New Zealand dollar gained after weaker than expected US durable goods data weighed on the outlook for growth in the world's largest economy.The kiwi rose to 79.25 US cents at 8am in Wellington, from 78.98 cents yesterday. The...


World shares up as US consumer gains confidence
Wed, 29 Oct 2014 08:06
Stocks on both sides of the Atlantic advanced amid better-than-expected corporate earnings and US consumer confidence climbing to the highest level in seven years.Focus is also squarely on US Federal Reserve policy makers...


German confidence falling as outlook for economy deteriorates
Wed, 29 Oct 2014 05:00
German business confidence fell for the sixth month to a near two-year low in October.The Ifo economic institute's closely-watched business climate index declined to 103.2 points in October, its lowest level since December 2012,...


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