Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Du Val in ‘negotiations’ to resume investor payments
Finance

Du Val in ‘negotiations’ to resume investor payments

The South Auckland property developer hints that cash distributions could resume soon. 

Brent Melville 12 Apr 2023
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Has the Reserve Bank's shock OCR increase backfired?
Finance

Has the Reserve Bank's shock OCR increase backfired?

You have to wonder whether the Reserve Bank of New Zealand is happy with the reaction from financial markets in response to last Wednesday’s 50 basis point hike in its official cash rate to 5.25%.The market was shocked, having priced in just a 25 basis points (bp) hike.But apart...

Jenny Ruth 11 Apr 2023
Would RBNZ’s bank resolution work? No, say the experts
Finance

Jenny Ruth: Would RBNZ’s bank resolution work? No, say the experts

RBNZ’s open bank resolution policy has turned into a sacred cow it is loath to discard, even though experts including Treasury say it wouldn’t work. 

Jenny Ruth 11 Apr 2023
Sitting in traffic? We need to find a way to fix this mess
Infrastructure

Warren Couillault: Sitting in traffic? We need to find a way to fix this mess

Infratil's attributes make it the perfect PPP partner to help rebuild NZ’s forgotten infrastructure.