Finance
Explore the latest finance news by Business Desk.
Law & Regulation
Bublitz to serve home detention following appeal
By Victoria Young Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. Earlier this year, Bublitz was convicted of several charg...
Policy
Orr defends RBNZ rate cut, says monetary policy looks ahead, not behind
By Rebecca Howard Aug. 16 (BusinessDesk) - Central bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary polic...
UPDATE: Heartland shares gain as annual profit lifts 9% on lending growth
(Adds share movement to lead and updates price in 4th paragraph, includes profit guidance in 9th paragraph) By Jenny Ruth Aug. 15 (BusinessDesk) - Heartland Group was the only stock to gain on the S&P/NZX50 Index after it lifted annual net profit 9 percent amid growth in it...
Services
UPDATE: Xero says global roll-out of core product still best option
(Updates to show poll results in 12 par) By Jenny Ruth Aug. 15 (BusinessDesk) - Xero’s biggest immediate opportunities are to keep driving growth of its core accounting software in existing markets and to enter other geographies, says chief executive Steve Vamos. “The op...
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