Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Forestry company in liquidation
Finance

Forestry company in liquidation

The company defaulted on its loans with the bank after not meeting the repayments since 2019.

Riley Kennedy 15 Dec 2022
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Reserve Bank's Orr grilled over high staff turnover
Finance

Reserve Bank's Orr grilled over high staff turnover

The Reserve Bank’s staff turnover in the year ended June was 21.7% while the Public Service Commission’s data showed turnover in the public service as a whole had been 17.3%.

Jenny Ruth 14 Dec 2022
RBNZ's money-printing losses shrank in November
Finance

RBNZ's money-printing losses shrank in November

Bond yields have fallen, reducing the QE losses the Reserve Bank has suffered.

Staff reporters 14 Dec 2022
Westpac chair to resign next year
Finance

Westpac chair to resign next year

John McFarlane said he had delivered on his promise "to create a leaner, more agile, and better performing company”.

Staff reporters 14 Dec 2022