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Wheeler speech convinces many economists OCR on hold next week, even as kiwi rebounds

October 23, 2015 Comments Off on Wheeler speech convinces many economists OCR on hold next week, even as kiwi rebounds

By Jonathan Underhill Oct. 23 (BusinessDesk) – The Reserve Bank may keep the official cash rate unchanged next week to avoid inflaming Auckland’s housing market and to keep some capacity up its sleeve should global growth stumble, even though the kiwi dollar has gained when the bank had expected a decline. Governor Graeme Wheeler will keep the OCR at 2.75 …

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Vital Healthcare buys two properties for A$7.8M to expand Australian development

October 23, 2015 Comments Off on Vital Healthcare buys two properties for A$7.8M to expand Australian development

By Paul McBeth Oct. 23 (BusinessDesk) – Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land which it plans to develop to expand Lingard Private Hospital and Toronto Private Hospital, both in New South Wales, Australia. The property investor spent A$7.8 million for a 2,700 square metre property next to its Lingard site …

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Australia’s response to financial system inquiry, making banks hold more capital, could drive up NZ interest rates

October 23, 2015 Comments Off on Australia’s response to financial system inquiry, making banks hold more capital, could drive up NZ interest rates

By Jonathan Underhill Oct. 22 (BusinessDesk) – The Australian government’s response to the financial system inquiry could drive up interest rates at New Zealand’s biggest lenders as their Australian parent banks seek higher returns because of the requirement that they hold more capital. The Australian Federal Government has largely accepted the recommendations of the inquiry set up in late 2013 …

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