Deutsche Bank calls for 150bp rate cut
Deutsche Bank has called for an unprecedented slashing of official interest rates - saying the Reserve Bank should cut them by 150 basis points.
| NZX 50 Index | |||
2570.768 |
-73.898
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-2.79%
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| NZX 15 Index |
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4639.792 |
-127.47
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-2.67%
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| NZX 50 Portfolio Index |
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1541.987 |
-38.752
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-2.45%
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| NZX SciTech Index |
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656.151 |
+4.728
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+0.73%
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As at 3:54 pm, 21 Nov (20 min delay)
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Air NZ cautions Aussie watchdog
Air NZ says the Australian Competition & Consumer Commission (ACCC) must demonstrate consistency when making its final ruling on the airline's application for a Cooperation Agreement with Air Canada.
Banks continue to cut rates
The National Bank, ANZ and ASB have cut interest rates on a range of loans, hot on the heels of cuts by Westpac and Kiwibank yesterday.
Dom Finance directors exposed
Potential breaches of the Securities Act and Companies Act by Dominion Finance Holdings are revealed in a moratorium proposal for investors of its subsidiary North South Finance, which owes $109 million.
Record numbers cross the ditch
The brain drain to Australia has hit its highest levels on record.
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| GLL GuocoLeisure Limited | 3:52 pm |
| Change of a Substantial Shareholder's Interest | |
| PRC Pike River Coal Limited | 3:51 pm |
| Economic Development Minister to Open Pike River Coal Mine | |
| SKC Sky City Entertainment Group Limit... | 3:30 pm |
| SKYCITY Disclosure of Relevant Interests | |
| AFI Australian Foundation Investment C... | 3:00 pm |
| AFI - Director?s Interest Notice | |
| BNB Babcock & Brown Limited | 2:54 pm |
| Ratings Release | |
| NZO New Zealand Oil and Gas Limited | 2:44 pm |
| NZO - Disclosure of Directors Relevant Interests | |
| HED Horizon Energy Distribution Limited | 2:37 pm |
| Horizon Energy Half Year Result - 30 September 2008 | |
| ANZ Australia and New Zealand Banking ... | 2:35 pm |
| Ceasing to be a substantial holder of MBA | |
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• Market Announcement headlines (real-time) |
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Managed Funds »Brook fund ratings downgradedFund assessor Morningstar has downgraded Brook Asset Management funds associated with co-founders Simon Botherway and Paul Glass on the back of their impending departure from the firm. Robertson, Mortimer join BrookManaged funds crunched by crisisKingfish battered by crisis |
Economy »Survey says kiwis feeling Xmas pinchStockings may be filled with IOUs this year as the financial crisis forces Kiwis to rein in their normal Christmas spend up. Deutsche Bank calls for 150bp rate cutBanks continue to cut ratesRecord numbers cross the ditch |
