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Lombard Suspends Payments To Investors

Wellington, April 3 NZPA - Another finance company is in trouble.

NZ Economy Ends 2007 Strongly, But Growth Expected To Slide

Wellington, March 28 NZPA - The New Zealand economy ended 2007 strongly, but the December quarter surge is widely expected to be the last hurrah for some time.

Nats, Labour Play Ping Pong Over Tax Cuts

Political ping-pong between National and Labour over tax cut policy continued around Parliament today. Yesterday, Finance Minister Michael Cullen appeared to tell people not to expect too much from his May 22 budget.

National And Labour Play Ping Pong Politics Over Tax Cuts

Wellington, March 27 NZPA - Political ping-pong between National and Labour over tax cut policy continued around Parliament today. Yesterday, Finance Minister Michael Cullen appeared to tell people not to expect too much from his May 22 budget.

Drought Has Huge Financial Impact On Farmers

A drought will cost farmers around $1.24 billion this financial year with some individual sheep and beef farmers looking at income reductions in excess of $100,000, forecasts show.

Red Tape To Be Slashed In Building Consent Process

Wellington, March 24 NZPA - Red tape is to be slashed in the building consent process to try and make starter homes more accessible and affordable.

TSB Gets Credit Rating Upgrade

Wellington, March 19 NZPA - Standard Poor's has given New Zealand bank TSB a top "BBB+" long-term credit rating and stable outlook.The credit ratings agency said the rating was being upgraded from "BBB," reflecting the bank's very good asset quality and profitability, "above-peer capitalisation

Kiwibank Half Year Net Profit Up 31.4 Percent To $22.7m

Wellington, March 20 NZPA - Kiwibank increased half year net profit 31.4 percent to $22.7 million largely driven by growth in net interest income.

Further Mortgage Rises Could Be On Way Amid World Credit Crunch

Wellington, March 19 NZPA - Homeowners could be facing further rises in mortgage interest rates as world credit markets remain under intense stress. Fixed two-year rates, which are now about 9.7 percent, could be pushed over 10 percent.