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Simon Louisson

ASB First Bank To Respond To Reserve Bank Rate Cut

By Simon Louisson of NZPA Wellington, July 24 NZPA - ASB Bank today responded to the Reserve Bank's quarter percent cut in the Official Cash Rate (OCR) with a matching cut to its key two-year fixed rate.

Sharemarket Rallies Sharply, Dollar Drops On Rate Cut News

By Simon Louisson of NZPA Wellington, July 24 NZPA - The sharemarket rallied sharply today while wholesale interest rates and the dollar fell after the Reserve Bank's surprise quarter point cut to the Official Cash Rate.

Rate Cut Spurs 2.7pc NZ Sharemarket Rally

By Simon Louisson of NZPA Wellington, July 24 NZPA - The sharemarket reacted to today's surprise Reserve Bank cash rate cut with a 2.7 percent rise, its biggest percentage gain this year.

NZ Dollar Falls Heavily Against All Currencies After Rate Cut

By Simon Louisson of NZPA Wellington, July 24 NZPA - The New Zealand dollar fell heavily against all the major currencies after the Reserve Bank today brought forward its easing cycle.

Interest Rate Cuts Will Be Slow To Filter Through,say Economists

By Simon Louisson of NZPA Wellington, July 24 NZPA - A five-year wait for the Reserve Bank to cut interest rates ended today but it may take until well into next year before the benefits filter through.

Hanover Rating Downgrade Raises Questions About Credit Ratings

The decision by credit agency Fitch Ratings to downgrade Hanover Finance's rating today, a day after the finance company announced it would default on interest payments, raises questions about the effectiveness of credit ratings to help investors.

Canterbury Mortgage Trust Hits Strife, Suspends Payments

By Simon Louisson of NZPA Wellington, July 22 NZPA - The country's second largest property trust, forced to freeze over a quarter of a billion dollars of investors' funds, today said it expects investors to eventually be paid out.

Telecom And Contact Stem NZ Sharemarket's Slide

By Simon Louisson of NZPA Wellington, July 16 NZPA - The sharemarket temporarily shrugged the bear off its back today despite another scary day on Wall Street.

Earnings Jitters Send Shares Down 2pc

By Simon Louisson of NZPA Wellington, July 10 NZPA - Jitters about earnings here and on Wall Street sent shares tumbling 2 percent today.

Torrid Wall St Session Pushes NZ Sharemarket Down Another 1.8pc

By Simon Louisson of NZPA Wellington, July 3 NZPA - The already battered New Zealand sharemarket fell another 1.7 percent today following another torrid session on Wall Street.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.