FILE PHOTO: People walk past a business that is closing following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., August 17, 2020. REUTERS/Carlo Allegri//File PhotoWASHINGTON (Reuters) – The White House…
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Denvers InBankshares to merge with Legacy Bank in $1.2 billion deal
Denver-based InBankshares Corp. and Legacy Bank, based in Wiley, plan to merge in a deal that will result in $1.2 billion of total assets and 14 offices in Colorado and five in northern New Mexico. The companies said Wednesday that…
Mortgage rates have shot up but deposit rates are still low. Are banks ripping savers off?
Mortgage rates have risen sharply in the last six months but term deposit rates have not gone up anywhere near as much. In June the two year fixed term mortgage rates were around 2.49 per cent. Now they have risen…
Rebranding an icon: The challenging of finding a new name for 127-year-old NDA
Rebranding a company – particularly when it’s one of New Zealand’s oldest and has a powerful sector name – means going on a journey and being “prepared not to know where you’re going to land”. So says Mark Eglinton, chief…
China home sales slump deepens as easing shows little effect
BEIJING (BLOOMBERG) – China’s struggling real estate developers had another miserable month in November as a slump in home sales deepened. Contract sales by the country’s top 100 developers plunged 38 per cent from a year earlier to 751 billion…
Longmont, Boulder video store owners hit rewind on glory days
It will always be hard for wife and husband Renea and Bruce Herberger to think about the day they had to close Longmont’s Showtime Video in June 2016. “We had customers coming in begging us not to close,” Renea Herberger…
Red on the screen: How hard will Omicron hit New Zealand share market?
New Zealand investors are likely to see “red on the screen” when the share market opens to trading at 10am tomorrow. Mark Lister, head of private wealth research for Craigs Investment Partners, says while news first broke of the Omicron…
Market close: New Covid variant-spooked New Zealand sharemarket has biggest fall in eight months
The New Zealand sharemarket had its biggest fall in eight months after being spooked by a new Covid variant that has spread from southern Africa to Hong Kong. The S&P/NZX 50 Index began falling sharply after a jittery Australian market…
Vegan Kit Kats: How global giant Nestlé plans to help save the planet
Nestlé New Zealand’s new CEO Jennifer Chappell talks to Jane Phare about chocolate, dog food and saving the planet. Jennifer Chappell’s three sons are extremely pleased about her recent promotion to CEO of Nestlé New Zealand. For four years she’s…
Bulb administrators line up bankers to seek buyer for stricken energy company
A leading US investment bank is to be hired to find a buyer for Bulb, the stricken energy company, as it prepares to be placed into formal insolvency proceedings this week. Sky News understands that Bulb’s administrators-in-waiting are expected to…