No more waiting for payments at weekends: Banks shift to seven-day processing   Banking 7-day conversion, payment processing possible even on weekends Previously, banks only processed payments on business days and not on weekends, but now they are switching to a 7-day payment processing system that includes weekends. Starting May 26th, dollar transactions between all…

Tornado hits North Island of New Zealand… Houses and other buildings damaged   As a tornado hit the North Island of New Zealand, people were injured and houses were destroyed. According to the New Zealand Herald and others on the 11th, a tornado occurred at 5:30 am this morning and swept through the northern part…

Expectations of a rate hike lead to a decline in the New Zealand dollar   As the possibility of additional rate hikes by the Federal Reserve (Fed) looms following positive US employment data, the New Zealand dollar has shown a decline against major currencies. In addition, the risk-sensitive New Zealand dollar also showed weakness as…