Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
RBNZ signals direct bank funding this year; keeps policy unchanged
The Reserve Bank held its quantitative easing programme and kept the OCR at 0.25 percent, while signalling direct bank funding could start before the end of the year.
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Finance
Tourism Holdings slashes staff bill, reports $27.4m profit
Tourism Holdings has reported statutory net profit of $27.4 million, a full-year result chairman Rob Campbell said was “admirable” given the shock to the business from covid-19.It recorded underlying net profit of $20 million, down 28 percent on the prior year result of $27.9 mil...
Finance
Heartland review aimed at boosting value
Heartland Group Holdings chief executive Jeff Greenslade wouldn't be drawn on whether management's review of the company is likely to lead to a break-up of the group.
Finance
RBNZ base bank stress test assumptions much worse than forecasts
The Reserve Bank's base case used in stress testing of banks to gauge the impact of the coronavirus crisis was much worse than its current forecasts but, even so, the banks came through in a position to continue lending and without breaching current capital requirements. In it...
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