Finance
Explore the latest finance news by Business Desk.
Policy
RBNZ used a 'net benefits framework' in devising its bank capital proposals
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has used a “net benefits framework” in devising its bank capital proposals, governor Adrian Orr told parliament’s finance and expenditure select committee. National Party finance spokeswoman Amy Adams had been quizzing...
Policy
Budget Leak: Most cyber-leaks come from internal sources, says cyber expert
By Pattrick Smellie May 29 (BusinessDesk) - Most information leaks come from "malicious" or "inadvertent" releases from internal sources rather than via hacking, says Mark Shaw, a technology strategist for cyber-security software provider Symantec. His comments came as the...
Retail
Turners may shed Oxford Finance, EC Credit in bid to simplify business
By Paul McBeth May 29 (BusinessDesk) - Turners Automotive Group may sell its Oxford Finance and EC Credit debt collection units as it attempts to streamline the business. It has already ditched the Buy Right Cars brand at a cost of $4.3 million. That brand write-off led to...
Primary Sector
UPDATE: RBNZ's Orr sees a 'resilient' financial system but some elevated risks
(Updates story throughout with further details and comment) By Jenny Ruth May 29 (BusinessDesk) - Reserve Bank governor Adrian Orr is less concerned about housing loans but is still fretting about a third of dairy debt and is also flagging the rapid growth in lending to the...
Prev
