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ANZ National is calling for indications of interest in a proposed public issue of unsecured, unsubordinated bonds, expected to have a term to maturity of 7 years.
New Zealand | February 21st, 2012 | Continue reading »
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International comparisons of economic statistics can be fraught with difficulties and could have resulted in New Zealand’s economic performance being understated, according to the RBNZ’s Governor.
New Zealand | February 17th, 2012 | Continue reading »
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New Zealand’s major banks have reported a combined core earnings growth of 25 per cent in the second half of their respective 2011 financial years when compared to the previous six months.
New Zealand | February 15th, 2012 | Continue reading »
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Investor confidence in New Zealand has shown ongoing resilience despite the gloom of the Eurozone crisis and continued low interest rates, a survey has found.
New Zealand | February 14th, 2012 | Continue reading »
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ANZ National Bank has confirmed it is considering buying back subordinated debt and issuing a new line of unsecured, unsubordinated bonds to retail investors.
New Zealand | February 3rd, 2012 | Continue reading »
Americans choke on $1 coin stockpile
The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.
American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to the US government accountability office.
Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.
According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.
Comment: AB+F Blog
Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]
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