Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Heartland complains about share price as covid-hit profit falls 2.2%
Heartland Group Holdings' annual net profit eased 2.2 percent after allowing $9.6 million to cover potential covid-19-related credit losses. However, the group expects to lift profit by as much as 18 percent in the current year as it grows its motor, business and reverse mortg...
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Finance
PREFU: Robertson defends $11b cost for ‘functional’ banking system
The $11 billion cost of making the Reserve Bank buy government bonds from private banks instead of the Treasury is a price worth paying for a stable, credible financial system, says Grant Robertson.
Finance
PREFU: Border stays closed through all of next year
New Zealand’s borders do not return to normal until 2022 under the economic forecasts released in today’s pre-election fiscal and economic update from the Treasury.However, the update assumes that international tourists and foreign students will start being able to come here agai...
Finance
Insurance review likely to require more capital - RBNZ
The Reserve Bank is again signalling it is likely to require general and life insurance companies to hold more capital and is promising more intense supervision. "Over the years, we have observed a declining trend in solvency margins that may be illustrative of a key differenc...
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