Further New Zealand rate cuts still a possibility
AMID the recent falling prices in dairy products - New Zealand's main export - and a weakening economic outlook on its home front, the Royal Bank of New Zealand (RBNZ) decided to carry out its third cut to their official cash rates (OCR) within a four month period starting from June 2015.
With this series of cuts, the RBNZ has pared rates down from 3.25 per cent to 2.75 per cent, bringing the New Zealand dollar (NZD) to its lowest against the Singapore dollar (SGD) in these past…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Global wave of consultancy layoffs has not hit Singapore
P&G raises annual core profit forecast on resilient demand, price hikes
American Express’ premium customers help it surpass profit expectations