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ASB

Canterbury economy bleak after quake, but light ahead

By Paloma Migone of NZPA Wellington, Sept 6 NZPA - Quake-ravaged Christchurch's immediate economic future looks bleak, but the $2 billion reconstruction bill will provide a boost next year, an economist says.

Bank customers get more satisfaction

Bank customers get more satisfaction
Wellington, Sept 2 NZPA - Customer satisfaction with the big five banks improved during the year to June, but smaller rivals Kiwibank and TSB remain at the head of the pack, a survey shows.

NZ retail sales volumes stronger than expected

NZ retail sales volumes stronger than expected
Wellington, Aug 13 NZPA - Retail sales rose a seasonally and inflation adjusted 1.3 percent in the June quarter, better than expected by economists, with the largest increase recorded in vehicle sales.

Kiwibank needs to generate more capital internally

Kiwibank needs to generate more capital internally
Wellington, Aug 12 NZPA - Former New Zealand Business Roundtable chairman Sir Ralph Norris said state-owned Kiwibank does not have enough capital because it is under pricing its products.

Housing market confidence weakens

Housing market confidence weakens
Wellington, Aug 9 NZPA - Fewer people are expecting house prices to rise and most expect mortgage rates to increase over the next 12 months, according to the latest ASB Housing Confidence Survey

Auckland residential property marking time, says company

Auckland residential property marking time, says company
Wellington, July 5 NZPA - Real estate company Barfoot & Thompson says its June sales in Auckland show the residential market is marking time, while economists see the figures as weak.

Four advisers leave ASB Securities

Four advisers leave ASB Securities
Wellington, June 21 NZPA - ASB Securities has farewelled four advisers as part of a restructuring of its business. The stock broker has previously said it was looking to discontinue its client advisory service, affecting six staff.

NZ cash rate up 25 basis points to 2.75 pct

NZ cash rate up 25 basis points to 2.75 pct
Wellington, June 10 NZPA - Reserve Bank Governor Alan Bollard sees the decision to lift interest rates as a start to the removal of "extraordinary" stimulus from monetary policy.

Housing market confidence weakens further

Housing market confidence weakens further
Wellington, May 6 NZPA - Confidence in the housing market has continued to soften as fewer people expect prices to rise in the next year, the latest ASB housing confidence survey found.

OCR unchanged at 2.5 percent

OCR unchanged at 2.5 percent
Wellington, April 29 NZPA - Most economists are picking the official cash rate (OCR) to start rising in June or July, after the Reserve Bank today left the rate unchanged at the 2.5 percent where it has been for the past year.

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