Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Reserve Bank to ease lending restrictions if risks decline
By Paul McBeth July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. Deputy governor Geoff Bascand says the ban...
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Finance
UDC turns in a solid first half for ANZ
By Pattrick Smellie June 28 (BusinessDesk) - Specialist commercial lender UDC Finance increased first-half net profit 6 percent but sees slower growth in lending in the period ahead as the economy cools. Net profit climbed to $34.7 million for the six months to March 31, f...
Finance
Gabs's last hurrah - Makhlouf apologises, agrees he erred
By Pattrick Smellie June 27 (BusinessDesk) - The departing secretary to the Treasury, Gabriel 'Gabs' Makhlouf has issued an apology for his department's lax website security and agreed that he got it wrong in describing the resulting breach of Budget security as a case of bein...
Finance
FMA says NZX market surveillance has improved
By Rebecca Howard June 27 (BusinessDesk) - Stock exchange operator NZX has made positive changes to its market surveillance since concerns were raised a year ago, the Financial Markets Authority's latest annual review found. "This year’s review acknowledges the positive ch...
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