Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
RBNZ demands assurance ANZ New Zealand is operating prudently
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank is demanding ANZ Bank New Zealand provide assurance it is operating in a prudent manner after it was censured in May and the bank says it will work with the regulator. The central bank is using powers under sectio...
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Finance
Green Investment Fund targets will depend on portfolio – Treasury
By Paul McBeth June 21 (BusinessDesk) - The government’s $100 million Green Investment Fund isn’t targeting an overall rate of return, but will instead weigh up each investment on an individual basis. Treasury deputy secretary Struan Little told Parliament’s finance and exp...
Finance
Treasury mindful of gaps in living standards framework
By Paul McBeth June 19 (BusinessDesk) - Treasury has identified parts of its living standards framework where more information is needed and says some of its work is pushing the boundaries of economic theory. Deputy secretary Struan Little, who was filling in for Secretary...
Finance
Farm debt mediation will ensure fair process - O'Connor
By Gavin Evans June 17 (BusinessDesk) - Mandatory mediation before enforcement is taken against farmers struggling to meet their loan commitments will ensure a fair process and take some of the pressure off rural families during times of stress, Agriculture Minister Damien O’C...
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