Dene Mackenzie

Record-low rates; bank margins fall

Record-low rates; bank margins fall

The competitive lending environment of the first half of the year intensified in the three months ended September as banks offered record-low interest rates to attract customers.

Vector deal expected to boost NZR’s margins and share price

The deal for Vector to supply New Zealand Refining with more gas will add about 10c per share to the value of NZ Refining and continues the positive momentum for the company, Forsyth Barr broker Peter Young says.

Full of confidence

Full of confidence

New Zealanders will end the year brimming with confidence, according to three indicators out in the past few days.

Quiet time for economic data

The flow of economic data slows to a trickle this week, with the first significant announcement coming in New Zealand on January 11, when building data statistics are released.

NZ in demand as destination

NZ in demand as destination

New Zealand remains an attractive destination to move to permanently or visit, with both November's monthly migration and tourism numbers reaching record highs.

Spark needs to recoup new costs

Spark New Zealand is expected to continue with its aggressive pricing strategy in order to maintain momentum in the mobile market, Morningstar analyst Brian Han says.

Confidence full of Christmas spirit but be careful what you wish for

Business confidence has all the trimmings of Christmas, rising to an eight-month high in December, according to the ANZ Business Outlook.

Z agrees to wait over Caltex deal

Z agrees to wait over Caltex deal

Z Energy has agreed to a request from the Commerce Commission for an extension as it considers Z's application to buy Caltex, in New Zealand, for $785million.

Tourism underpinning economy

Tourism underpinning economy

Tourism and manufacturing are driving New Zealand's economic growth but calls came yesterday for the stronger growth to be shared with those who need it most.

No Fed present for NZ

No Fed present for NZ

The US Federal Reserve has finally lifted its official lending rate after 10 years of near zero interest rates but if the Reserve Bank of New Zealand was looking for an early Christmas present, it would have been disappointed.