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HSBC Bank - Latest News [Page 5]
OCR on hold for a while yet, says HSBC
Tuesday, 24 January 2012, 2:56 pm | HSBC Bank
Inflation has eased, with the underlying measures now around the middle of the RBNZ’s target zone The global slowdown is starting to have an impact locally, with business confidence weakening Rates to stay on hold this week, with the RBNZ ... More >>
HSBC Emerging Markets Index Q4 2011
Friday, 20 January 2012, 4:37 pm | HSBC Bank
Lacklustre economic expansion from emerging markets in Q4 as manufacturing weakness negates services activity, says HSBC More >>
CPI: NZ's inflation falls - Blame the tomatoes, says HSBC
Thursday, 19 January 2012, 5:24 pm | HSBC Bank
Kiwi inflation came in well below expectations, falling by -0.3% in Q411, to be only 1.8% higher over the year (market had +0.4% q-o-q and +2.6% y-o-y). This partly reflects a sharp fall in vegetable prices (tomatoes in particular) in Q4 and the lagged impact ... More >>
NZ Companies Need To Forge Ahead With RMB Plans
Thursday, 12 January 2012, 12:38 pm | HSBC Bank
Recent announcements from the People’s Bank of China (PBOC) that it is in the process of upgrading its payments systems to make it easier to clear RMB across its borders, suggests that this is yet another move towards the internationalisation of the Renminbi ... More >>
GDP growth lifts with Cup win, says HSBC
Thursday, 22 December 2011, 2:15 pm | HSBC Bank
Growth in the New Zealand economy was solid in Q3, up 0.8% (in line with HSBC's and above market expectations). The Rugby World Cup was a major contributor to the quarterly result with 80,000 extra visitors helping to lift the retail and accommodation ... More >>
Volatility Creating Long-term Wealth Opportunities in 2012
Monday, 19 December 2011, 11:49 am | HSBC Bank
Short-termism has driven markets at the expense of long term investment thinking during a markedly volatile 2011. However, this has created what HSBC Global Asset Management believes to be a potentially strong set of investment opportunities for ... More >>
Auckland Council’s Historic Euro Medium Note Programme
Monday, 12 December 2011, 9:47 am | HSBC Bank
HSBC is pleased to announce that it has arranged Auckland Council’s US$2.5bn Euro Medium Term Note Programme (EMTN) which enables the Council to access the offshore capital markets as part of its overall financing strategy. More >>
Global Fund Managers Turn Cautious in 4Q11
Friday, 9 December 2011, 1:05 pm | HSBC Bank
***The majority of fund managers favour Asian bonds and Global Emerging Markets/High Yield bonds*** ***Over four in ten overweight on North American and Greater China equities*** More >>
OCR staying down for the count, says HSBC
Thursday, 8 December 2011, 1:10 pm | HSBC Bank
RBNZ was on hold today at 2.50%, as expected Global risks are the order of the day, and seem unlikely to go away soon We now expect a more extended pause at these low levels, with the next hike now not until Q312 More >>
OCR on hold as global risks dominate
Tuesday, 6 December 2011, 3:47 pm | HSBC Bank
The Rugby World Cup has come and gone and looks to have supported growth in the second half of the year. Commodity prices have also remained at elevated levels, providing support for rural incomes, although they have started to decline. More >>
Emerging market growth begins to stall
Monday, 28 November 2011, 11:56 am | HSBC Bank
Emerging market growth begins to stall as manufacturing succumbs to lost momentum in world trade More >>
Trade still supporting growth, says HSBC
Thursday, 24 November 2011, 4:59 pm | HSBC Bank
The merchandise trade balance remained in surplus in October in year to date terms, which combined with the boost from the Rugby World Cup, suggests that growth is still getting solid support from overseas. Goods exports increased by 5.3% in the month ... More >>
RBNZ Observer Update: Global risks
Tuesday, 15 November 2011, 1:16 pm | HSBC Bank
Rates are still at emergency lows in New Zealand... ...but global risks will likely keep them on hold for longer than previously expected We still expect the next move is up, but not until Q1 2012 More >>
Rugby World Cup boosts retail, says HSBC
Monday, 14 November 2011, 4:39 pm | HSBC Bank
Retail trade was strong in Q3, largely due to a boost from the Rugby World Cup. Stats NZ tells us some 80,000 visitors arrived in Q3 which helped lift sales by 2.2% q-o-q in volumes. The main drivers of growth were supermarket stores and accommodation. ... More >>
HSBC Drops Fixed Home Loan Rates
Wednesday, 9 November 2011, 9:53 am | HSBC Bank
HSBC has today announced that it will be dropping its two, three, four and five year fixed home loan rates, with immediate effect. The new two year rate is 5.87%p.a. - a reduction of 23 basis points and a market leading rate among major banks. More >>
China Has Youngest Affluent Population In Asia Says HSBC
Monday, 7 November 2011, 11:09 am | HSBC Bank
Affluent Chinese are the youngest of Asia’s affluent population with an average age of 36, followed by Indonesians at 38 and Indians at 39, according to the latest HSBC Affluent Asian Tracker. More >>
“Save it or destroy it":Climate change colouring competition
Friday, 4 November 2011, 2:44 pm | HSBC Bank
Local Northcross Intermediate students have won first and second place in the 2011 HSBC Eco-Code Climate Competition, and were today presented their winners’ cheques at their school assembly by Lesley Pope, Head of Marketing and Group Communications ... More >>
New Zealand Labour market lags recovery
Thursday, 3 November 2011, 1:55 pm | HSBC Bank
Employment was weaker than expected in Q3 but still positive. Jobs rose by 1.1% y-o-y (vs. consensus of 1.6%) and the unemployment rate ticked up to 6.6% (vs. 6.4%). Keep in mind that employment tends to lag activity and GDP turned the corner at the ... More >>
Kiwi Investors Take To RMB to Avoid Global Turmoil
Friday, 28 October 2011, 11:49 am | HSBC Bank
With developed world economies suffering from too much debt and weak fundamentals, New Zealand investors have been moving to invest in emerging market currencies, such as the renminbi (RMB), rather than the traditional currencies such as the dollar, ... More >>
HSBC's RBNZ Observer: Sitting still watching the world
Thursday, 27 October 2011, 10:45 am | HSBC Bank
No surprises from the RBNZ today. Rates are on hold while they watch the world. Given the lower than expected CPI, RBNZ assessed that underlying inflation is close to the middle of their target range. They still suggested that rates need to rise from ... More >>
