
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.
Weak credit demand could curtail earnings growth for the big New Zealand banks, says credit rating agency Standard and Poor's.
New Zealand manufacturing rose in May to its highest level in almost a year amid signs record-high prices for the country's commodities are beginning to filter through to the wider economy.
Households at risk of slow wage growth combined with rising costs.
The New Zealand dollar has risen to its highest level against the greenback since it floated in March 1985 on improving risk sentiment and talk of Asian funds' interest in assets such as government bonds.
Invercargill police are appealing for information after several buildings in the central city, including the court house, had concrete thrown through their windows on Friday night.
More than half of New Zealand's $168.2b of mortgages are now on floating rates, says the Reserve Bank.