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AI boosts global IT spend to US$3.7tn
Worldwide IT spending will hit US$3.7 trillion in 2018 according to the latest forecasts released by Gartner. ...
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Profits for Kiwi non-banks up 10%
Profits were up for New Zealand’s finance companies, credit unions and other non-bank entities driven by a lending slowdown in...
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Adrian Orr to be RBNZ governor
New Zealand has named super fund manager Adrian Orr as its new central bank governor and he will begin his five year term in March...
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RBNZ eases LVR restrictions
The Reserve Bank of New Zealand has eased restrictions on mortgage lending after deciding that risks have diminished as the country...
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S&P: NZ house prices to plunge
S&P Global warned the risk of a sharp fall in New Zealand property prices is high and were that to occur, the risks to the...
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Tower to raise new capital
Trading in Tower's shares was halted ahead of Tuesday’s annual profit announcement when Tower will reveal details of its plans to...
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NZ to review central bank
New Zealand’s finance minister Grant Robertson has announced a two-phase review of the Reserve Bank that will broaden its focus...
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Why the Kiwi should be rising
The New Zealand dollar continues to sink after hitting the political rocks last week when NZ First used its king-maker privilege to...
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The big four wait on Winston
The final election results released in New Zealand over the weekend showed what many had suspected - that the special votes would...
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CBA boosts financial hurdles for exec pay
Commonwealth Bank has beefed up its financial metrics when considering how to pay top executives and added in a new...
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Kiwi banks: profits dip in June
The New Zealand banking sector remains resilient in a competitive market although the June quarter saw a slight dip in net profit,...
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Housing sales in New Zealand are taking longer
Compared to 2016 there has been a downturn in the New Zealand property market. Properties are on average taking almost a week...
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