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Wellington, July 30 NZPA - The New Zealand dollar dropped to a 10-month low against the greenback today, after Reserve Bank Governor Alan Bollard indicated there was plenty of room for further interest rate cuts.
Wellington, July 30 NZPA - Moody's Investors Service has revised the outlook on Vector's Baa1 senior unsecured rating from developing to stable.
Wellington, July 30 NZPA - The amount of investor funds affected by finance companies, funds and mortgage trusts that have collapsed or defaulted in just over two years now stands at about $4.5 billion.
The following is the chronology of collapses and defaults:
Wellington, July 30 NZPA - The system of inflation targeting pioneered by New Zealand was serving it well despite the annual inflation rate being at 4 percent and expected to hit 5 percent this quarter, Reserve Bank Governor Alan Bollard said today.
Wellington, July 30 NZPA - Abano Healthcare Group, which fought off a takeover bid during the year, is reporting a 56 percent increase in annual net profit to $7.8 million.
Wellington, July 30 NZPA - The sharemarket recovered yesterday's losses in early trading today following a strong session on Wall Street.
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 30 NZPA - Australia's Fortescue Metals -- the self-proclaimed "new force in iron ore" -- is interested in the West Coast's iron sands, according to The Australian newspaper today.
Wellington, July 30 NZPA - United States-based glass manufacturer Owens-Illinois Inc (O-I) today announced plans to invest $NZ80 million to expand its Penrose, Auckland, plant and create more jobs.
Wellington, July 30 NZPA - Dorchester Pacific, whose stricken finance company Dorchester Finance has defaulted on its loans, aims to finalise a survival plan in mid-August and put it to a vote in the last week of August or early September.
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