Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Infrastructure
Law firms back use of hybrids in bank capital
By Jenny Ruth July 29 (BusinessDesk) – Law firm Buddle Findlay says the Reserve Bank “must revisit” its decision not to allow hybrid securities to count as tier 1 capital when calculating the balance sheet strength of the country’s banks. The securities – which are usually...
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Services
Metroglass shareholders query Australian division, executive pay
By Victoria Young July 26 (BusinessDesk) - Metro Performance Glass chair Peter Griffiths was forced to again defend the company’s position in Australia after giving lacklustre earnings guidance for the 2020 financial year. The company, which makes 80 percent of its revenue...
Economy
Robertson eyes greater flexibility in govt financial management
By Paul McBeth July 26 (BusinessDesk) - Finance Minister Grant Robertson says too much government time is spent juggling small funding pools rather than focusing on strategic issues and getting value for money and he plans to introduce greater flexibility to its financial mana...
Economy
Singapore-based economists say banks are exaggerating the impact of higher capital
By Jenny Ruth July 26 (BusinessDesk) - The Australian-owned banks in New Zealand are exaggerating the likely impact of the Reserve Bank’s bank capital proposals, according to Singapore-based economists Ben Udy and Marcel Thieliant. “The RBNZ anticipates only a minor impact...
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