Asiamoney - New Zealand Coverage

New Zealand

2009 2007 2006 2005 2004

Australian and NZ dollars to rise on rate hikes

21 Oct 2009 Nations & economies, Foreign exchange
The currencies of both antipodean countries are set to appreciate against the US dollar as they raise rates and risk aversion fades, predicts Calyon.
ING sells businesses to ANZ

27 Sep 2009 M&A, Stock & exchange, Nations & economies, Asset management, Private banking
The diversified Dutch financial firm reaches a deal to sell 51% equity stakes in ING Australia and ING New Zealand for US$1.6 billion cash. Also, HSBC emerges as favourite to buy ING’s Asia private banking assets, with Julius Baer reportedly dropping out to bid for its Swiss assets alone.
ANZ’s Smith revels in 'value buy' of RBS assets

04 Aug 2009 M&A, Corporate profiles, Nations & economies, Loans
The group’s chief executive delights in the acquisition of select RBS Asian assets for US$550 million, or 1.1 times book value, describing the financial crisis as a once-in-a-lifetime opportunity. He conceded the bank would need to bed this deal down, but refused to rule out further purchases. Meanwhile, RBS confirmed it was in advanced discussions over the remaining Asia assets it plans to sell.
Gloom engulfs Australia and New Zealand banks

23 Jun 2009 Nations & economies, Loans
Ratings agency Moody’s presents a bleak outlook for banks in both countries as economic weakness persists, although it notes that the two systems have held up better than several international peers.
Market news: Asia media round-up

29 Apr 2009 Market wrap
New Zealand becomes the first Asia-Pacific nation to confirm cases of swine flu, as South Korea announces a probable case. Separately, Sumitomo Mitsui Financial Group reportedly reaches a deal to buy a chunk of Citi’s Japan operations, Kookmin Bank strives to issue Asia’s first covered bond, and Allianz and American Express raise US$1.9 billion by selling half of their stakes in ICBC.
Market news: Asia media round-up

30 Mar 2009 Market wrap
Australia rejects a bid for Oz Minerals by China’s Minmetals group on the grounds that some of its assets are situated in a sensitive military zone. Separately, Citi begins soliciting bids for Japanese brokerage Nikko Cordial, and New Zealand’s economy contracts at its fastest rate for 16 years in the fourth quarter of 2008.
Economic growth forecast to return to Asia in 2010

25 Mar 2009 Stock & exchange, Nations & economies, Bonds, Loans
Regional policymakers have focused on stimulus spending to spur economies rather than striving to rebalance mostly export-driven growth models. It means Asia will only see a broad recovery when the US housing market bounces, says Moody’s economist Alaistair Chan.
Editorial: Boutique banks have golden opportunity in troubled times

15 Jan 2009 Investment banking, Editorial
As the world’s largest investment banking operations struggle to retain staff and client confidence, boutique advisory firms have never had a better opportunity in Asia. Chinese companies in particular may find them appealing. Naomi Rovnick reports.
Foreign Exchange: Short and simple - the new mantra for Asian FX

14 Jan 2009 Foreign exchange
Ongoing uncertainty over currency movements means that taking short, vanilla FX positions is the likely feature of currency trading in Asia over the coming year. Pamela Tang reports.
Market news: UBS, ICBC make a late dash up the league tables

12 Jan 2009 League table
The Swiss bank enjoyed unexpectedly strong deal flow from China to take top spot in the respective equity capital markets and M&A league tables for Asia ex-Japan. And ICBC leapfrogged HSBC and Citic Group to head the debt table. Pamela Tang reports.
Research Report: Global financial crisis and recovery

08 Jan 2009 Research report
How deep and long do you expect the economic contraction to be in Asia and how quickly can the region recover?
Market Wrap

08 Jan 2009 Market wrap
Thailand picks its third premier in four months while Japan and Hong Kong unveil economic rescues. Merger talks between Qantas and BA break down, Sony and Rio Tinto cut staff and Australia, China, Korea, Malaysia, New Zealand and Taiwan cut interest rates.