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Massey University

Kiwibank Signals Intention To Cut

Wellington, Sept 8 NZPA - Kiwibank today pledged to cut its floating home loan rate if the Reserve Bank of New Zealand cuts its official cash rate (OCR) on Thursday.

Spread Your Risks And Do Nothing Rash, Investors Told

Wellington, July 30 NZPA - As the troubled financial industry takes another hit, investors are being reminded to spread their risks and advised against doing anything rash.

Academic Calls For Finance Sector Law To Be Fast-tracked

By Kent Atkinson of NZPA Wellington, July 24 NZPA - Massey University financial investment expert Chris Malone says it is a concern that the finance sector crisis has not been adequately addressed by the Government and the Reserve Bank.

Finance Company Investors Deserve Some Compassion - Expert

Wellington, July 24 NZPA - New Zealanders should feel some compassion for the investors caught out by the chain of defaults and failures by 25 finance companies over the past two years, says a senior Massey University lecturer on finance, Chris Malone.

Profitability Falling At Major Banks

Wellington, July 7 NZPA - A quarterly survey of New Zealand major banks shows a good performance in the last three months of 2007, but profit dropping.

Pioneer Of NZ Drug Development Dies After Selling Company

By Kent Atkinson of NZPA Wellington, June 25 NZPA - A New Zealand pioneer of biotech drug development, Professor Ross Graham Clark, died on Sunday at his North Shore home, after a long battle with melanoma.

Speirs Annual Loss Widens, Warns Profits In Check For 3 Yrs

Wellington, June 13 NZPA - Food and finance company Speirs Group widened its annual net loss to $3.2 million, including $2.7 million in one-off charges, and warned profits would remain unsatisfactory for three years.

Myth That House Prices Never Fall May Be Shattering

By Simon Louisson of NZPA Wellington, June 13 NZPA - The Economist magazine recently unkindly recalled former US Fed chairman Alan Greenspan's prediction that house prices "have rarely fallen and certainly not by much".

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