Finance
Explore the latest finance news by Business Desk.
Economy
NZ banks can currently withstand one-in-100-year shocks: Orr
Bank capitalisation levels currently are sufficient to withstand a one-in-100-year shock to the financial system, according to Reserve Bank governor Adrian Orr."It's about one-in-100 where they sit at the moment, there or thereabouts," Orr told Parliament's finance and expenditur...
Economy
RBNZ's final bank capital decisions will have far-reaching impact
In its most far-reaching decision this year, the Reserve Bank of New Zealand will be unveiling new capital rules for banks on Thursday that even it admits will reduce economic growth.They will also make it harder to borrow for key sectors, such as farmers, construction companies...
Services
Xero invoicing trends show small business bounceback
New Zealand small business owners are sending out more invoices again after a mid-year dip, according to analysis of the 367,000 local businesses using Xero accounting software.The Kiwi-based firm with global ambitions to be the system of choice for managing small and medium-size...
MTF's core annual profit falls after loan product withdrawn
Unrealised fair value gains boosted Motor Trade Finance's annual net profit 38 percent but underlying profit was down 8.6 percent, reflecting the withdrawal of its non-recourse lending product.MTF's net profit for the year ended September rose to $11.1 million from $8.1 million t...
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