Stock Market

Would 5 NZX banks benefit from the financial sector’s growth?

Financial stocks

New Zealand boasts a well-established and strong financial system comprising some of the world-famous banking and financial institutions operating on its shores. As per Stats NZ, the June 2021 quarter witnessed a growth of NZ$27.8 billion in the t...

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How are NZ banks faring in October post OCR increase?

How are NZ banks faring in October post OCR increase?

  • October 08, 2021 01:15 PM NZDT
  • Sonal

In the latest policy meeting, the RBNZ increased its official cash rate from 0.25% to 0.5% on 6 October amid rising inflationary pressures and a hot housing market. The central bank has increased interest rates for the first time in 7 years. Just ...

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ASB & Kiwibank: How are the NZ banks faring?

ASB & Kiwibank: How are the NZ banks faring?

New Zealand has a well-established and sophisticated network of financial institutions, which helps New Zealanders in saving, investing, spending as well as running their businesses, and meeting their day-to-day expenses. It is home to some of the...

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How have 5 NZX financial stocks performed in six months?

How have 5 NZX financial stocks performed in six months?

Financial stocks are the companies functioning in the country's financial sector, offering an array of financial services like loans, savings, insurance, brokerage, credit cards, wealth management, etc. As the backbone of the economy, these compan...

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Binance, Houbi cease operations in China after crypto ban

Binance, Houbi cease operations in China after crypto ban

Highlights  Binance as well as Houbi have cut back on China operations as Beijing stiffens its suppression of cryptocurrencies. Chinese central bank, the People’s Bank of China, announced on Friday that all crypto transactions would ...

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Musk tweets how Dogecoin can become viable payment option

Musk tweets how Dogecoin can become viable payment option

In the latest update, Tesla and SpaceX chief, Elon Musk, who is also a Dogecoin enthusiast and the most famous crusader of the meme crypto, has propagated that to be increasingly used for making retail purchases, Dogecoin’s fees would need to...

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Did Marlin Global (NZX:MLN) benefit from global share market recovery?

Did Marlin Global (NZX:MLN) benefit from global share market recovery?

  • September 24, 2021 04:10 PM NZST
  • Roma

Highlights Last month, Marlin Global declared its annual results and delivered a strong performance. The total dividend of 8.84 cps was declared through the year. The Company’s STEEPP initiative helped in achieving good results. Mar...

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Which are 5 popular banks in New Zealand?

Which are 5 popular banks in New Zealand?

  • September 23, 2021 09:34 PM NZST
  • Sonal

Highlights  Banks play a crucial role in every economy. The NZ banking system is highly structured. BNZ, ANZ, Westpac, ASB and Heartland are some of the popular banks of NZ. Banks are financial institutions or organisations where peo...

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What is Bitcoin’s effect on climate and environment?

What is Bitcoin’s effect on climate and environment?

Highlights  As Bitcoin’s popularity touches new heights, it has raised concerns among environmentalists about its environmental impacts. The cryptocurrency consumes about 707 kwH per transaction, which is more than the total electric...

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Which are the best crypto wallets in New Zealand?

Which are the best crypto wallets in New Zealand?

Cryptocurrencies are increasingly gaining popularity and are being widely accepted. Hence, crypto users look for crypto wallets, which not only help them in storing their digital assets, but also in managing their crypto portfolio by offering a wi...

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Do these 5 NZX financial stocks have healthy YTD returns?

Do these 5 NZX financial stocks have healthy YTD returns?

Financial companies, like banking, insurance, brokerage, and investment companies play a vital role in every economy. They channelise as well as regulate the money supply within the economy, thereby bridging the gap between idle savings and investm...

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