HEADLINES... Markets: Risk off tone prevails sending equities, commodities and bond yields lower as data fails to quell slow down worries, nervousness about Greece continues. USA: GDP revised up 0.1pps to 1.9% saar in Q1, at mkt.
The Financial Markets Authority officially opened for business today, almost a year to the day after Commerce Minister Simon Power announced its formation.
Finance companies, building societies, credit unions and other deposit takers will be required to obtain credit ratings and meet tougher prudential requirements as a result of legislation enacted today, Finance Minister Michael Cullen says.
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.
Wellington, July 15 NZPA - Investor confidence in New Zealand rallied over the previous quarter despite investors predicting inflation and the economy would continue to deteriorate over the next three months.
Wellington, April 30 NZPA - Building consent numbers tumbled by nearly a third last month compared to March 2007, figures published today by Statistics New Zealand (SNZ) show.
Wellington, April 15 NZPA - The global credit crunch and sub-prime crisis in the United States saw investor confidence decline in the Asia Pacific region in the first quarter of 2008, according to an ING investor survey.
The Government is being urged to reconsider the timing of its emissions trading scheme as the world economy comes under increasing stress. Reserve Bank governor Alan Bollard has warned that the scheme will add to inflationary pressures in this country next year.
Wellington airport owner Infratil acknowledges it got good and bad feedback on its "Rock" terminal design but said construction will begin soon regardless.
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