Should the Australian banks list their NZ subsidiaries on NZX?
By Jenny Ruth | Tue, 08 Oct 2019
The Australian expert the Reserve Bank engaged to critique its bank capital proposals has suggested that the big four banks could list on NZX as a means of dealing with the regulator's desire to force...
Punakaiki founder sees most of govt's $300m VC funds going to foreigners
By Jenny Ruth | Fri, 04 Oct 2019
The founder of one of New Zealand's most successful venture capital firms believes his firm won't qualify for funding from the government's $300 million Venture Capital Fund and that most of the money...
Vital Healthcare investors to vote on new fee structure
By Jenny Ruth | Wed, 02 Oct 2019
Vital Healthcare Property Trust's investors will be asked to vote on a new management fee structure that will reduce both the management and incentive fees and will make explicit a number of others....
RBNZ urged to take a wider, non-plumbing view of banks
By Jenny Ruth | Wed, 02 Oct 2019
The Reserve Bank focuses too little on the incentives driving bankers, ignores the implied government guarantee that banks benefit from and takes too much of a "plumbing view" of banking, says an Amer...
S&P puts NZ Post on negative credit watch
By Jenny Ruth | Tue, 01 Oct 2019
International ratings agency Standard & Poor's have put New Zealand Post on negative credit watch because of the structural decline in mail volumes and the state-owned enterprise's rising capital spen...
NZ dollar largely unchanged as RBA cuts cash rate as expected
By Paul McBeth | Tue, 01 Oct 2019
By Paul McBeth Oct. 1 (BusinessDesk) - The New Zealand dollar was largely unchanged after the Reserve Bank of Australia cut the target cash rate a quarter-point to 0.75 percent as expected. The...
NZ Super Fund wanted govt's Venture Capital Fund siloed
By Jenny Ruth | Tue, 01 Oct 2019
By Jenny Ruth Oct. 1 (BusinessDesk) - The Guardians of the New Zealand Superannuation Fund opposed the government's Venture Capital Fund being part of the Super Fund and wanted it established as a...
RBNZ will revisit all bank capital proposals before final decisions: Bascand
By Jenny Ruth | Mon, 30 Sep 2019
By Jenny Ruth Oct. 1 (BusinessDesk) - The Reserve Bank is reviewing all its key proposals in light of the critique by the three independent reviewers and the submissions before announcing its final...
Experts largely support RBNZ's bank capital proposals
By Jenny Ruth | Mon, 30 Sep 2019
By Jenny Ruth Oct. 1 (BusinessDesk) - The three independent experts' critiques of the Reserve Bank's bank capital proposals are largely supportive with the British expert, in particular, demolishin...
Business confidence slips to new 10-year low in September
By Rebecca Howard | Mon, 30 Sep 2019
By Rebecca Howard Sept. 30 (BusinessDesk) - Business confidence slipped further in September and the central bank will be disappointed its 50 basis point rate cut in August doesn't appear to be hav...
RBNZ board says bank will require more resources in the future
By Rebecca Howard | Mon, 30 Sep 2019
By Rebecca Howard Sept. 30 (BusinessDesk) - The Reserve Bank of New Zealand's board of directors lauded the bank and its governor for navigating a period of "comprehensive change" and sticking to...
Business confidence survey one of the clues to RBNZ's next move
By Jenny Ruth | Sun, 29 Sep 2019
By Jenny Ruth Sept. 30 (BusinessDesk) - The next clue to what the Reserve Bank might do in November will be this afternoon's business confidence survey. The ANZ Bank monthly survey's headline in...