Wednesday , June 26 2019
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Staff Reporter

NZ Bank profits lift despite pressure on net interest income – PwC

New Zealand’s five major banks (ANZ, ASB, BNZ, Kiwibank and Westpac) have continued to show strong profits and lending growth in the first quarter of the 2015 however lending margins are beginning to contract due to stiff competition. Net profit before tax increased by $94 million or 5.9% to $1.69 billion for the first quarter of 2015, compared to $1.59 …

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The Kelsey File: NZ on ‘hiding to nothing’ with TPP

Jane Kelsey is damning ‘unprecedented procedural machinations and an unholy alliance with the Republicans’  as enabling Barack Obama a super-majority to advance fast track authority in the US Senate by a single vote.   The University of Auckland law professor reckons “the damage to relations between the President and his core Democrat constituency may be irrecoverable, making the content of any …

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Pengxin steps up investment footprint with hotel investment

The acquisition of Kawarau Village  – including five star Hilton Hotel and 4.5 star Kawarau Hotel is Pengxin’s first investment in NZ tourism. After months preparation, Kawarau Hotel is rebranded as Double Tree Hotel, which is sub brand of Hilton Group. Near 100 people gathered to celebrate the opening of the first Double Tree In New Zealand. Zhaobai Jiang,chairman of Shanghai …

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China Inside Out: Five macro themes for 2015 – HSBC

HSBC has singled out five macro themes for 2015. With disinflationary pressure rising, we lower our GDP and inflation forecasts for 2015 and 2016. Beijing will likely step up policy easing to stabilise the economy. We also expect the pace of key reforms to accelerate Both economic activity and inflation data have been weaker than we anticipated in recent months, suggesting rising …

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Sean Keane: Is the CHAfta necessarily a bad thing for New Zealand?

The China/Australia Free Trade Agreement, or “CHAfta” as it is being called, gives Australian dairy farmers much better access to the Chinese infant formula market, which they have been beaten out of by the New Zealanders in recent years. Agricultural sector writer Alan Emerson recently noted that in 2009 New Zealand and Australia produced approximately the same amount of milk. …

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The Australian’s pull off a remarkable piece of trade diplomacy to deliver a meaningful FTA with China – Sean Keane

ChAFTA  There can be little doubt that the Australian’s have pulled off a rather remarkable piece of diplomatic manoeuvring to strike what appears to be such a comprehensive and far reaching Free Trade Agreement with the Chinese government. The broadly based FTA includes agreement on areas including Agriculture, Resources, Service industries, Investment and Worker mobility. Few expected anything so extensive …

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Business Reaction – Fed Farmers: Korean deal ‘better than nothing’

New Zealand’s recently signed Free Trade Agreement with Korea is a positive step in freeing up our trade relations and represents an absolute bottom line for the quality of outcomes for further agreements.  “We appreciate how difficult it has been to reach an agreement with Korea, and are pleased to now be on a level playing field with our trade …

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