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Bank of New Zealand

Industrial Property Investor Lifts Profit For Distribution

Industrial Property Investor Lifts Profit For Distribution
Wellington, Nov 3 NZPA - Listed industrial property investor Property For Industry (PFI) says its net operating profit after tax for distribution lifted 3.2 percent to $11.5 million for the nine months to September.

BNZ Annual Underlying Net Profit Rises 9 Pct

Wellington, Oct 21 NZPA - Bank of New Zealand boosted underlying annual net profit by 9 percent to $657 million, but warned that provisions had increased for impaired loans.

NZ Dollar Gains During Weekend After Last Week's Dive

Wellington, Oct 13 NZPA - After last week's dive, the New Zealand dollar gained during the weekend. By 8am today the kiwi was buying US60.19c from US59.30c at 5pm on Friday. Last Monday morning it was buying US66c.

New Zealand Dollar Off Lows

Wellington, Oct 9 NZPA - The New Zealand dollar recovered from another dramatic plunge overnight but is expected to remain under pressure as investors avoid risky investments.

New Zealand Dollar Drops Below US60c Overnight

Wellington, Oct 9 NZPA - The New Zealand dollar had another rough night, falling to a five-year low of almost US58.00c before recovering this morning. It was trading at US61.12c at 8am today, down from US62.47c at 5pm yesterday but up on the overnight low of US58.17c.

Nz Dollar Fluctuates In Lower Range

Wellington, Oct 8 NZPA - The New Zealand dollar fluctuated in a range today but was generally lower. After falling to US61.70c in the early hours of Tuesday morning the NZ dollar recovered but not to the levels prior to the plunge.

NZ Dollar Steady Overnight

Wellington, Oct 8 NZPA - The New Zealand dollar remained steady overnight after recovering from a two-year low yesterday. The NZ dollar was buying US63.15c at 8am today, from US63.25c at 5pm last night.

NZ Dollar Slumps To Two-Year-Low

Wellington, Oct 7 NZPA - The NZ dollar slumped to a two-year low against the US dollar overnight following "carnage" in international markets. The strong US dollar saw the NZ dollar fall to US62.03c at 8am today from US65.15c at 5pm last night.

Banks Not Likely To Ask For Money Back

Wellington, Oct 1 NZPA - Banks are highly unlikely to ask for their money back from homeowners who are meeting their mortgage payments, according to analysts.

NZ Dollar Mixed In A Range

Wellington, Sept 29 NZPA - The New Zealand dollar had a mixed session trading in a familiar range after the $US700 billion ($NZ1.03 trillion) fix for the US financial crisis made progress.

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