UPDATE: Faafoi foreshadows conduct licensing regime for financial institutions
(Updates with more details from first paragraph and throughout.) By Jenny Ruth Sept. 25 (BusinessDesk) - Individuals will face fines of up to $1 million dollars and companies up to $5 million for breaches of a planned new conduct licensing regime for financial services prov...
NZ dollar steady ahead of RBA speech, NZ rate decision
By Jenny Ruth Sept. 24 (BusinessDesk) - The New Zealand dollar was little changed ahead of a key speech by the Reserve Bank of Australia's governor tonight and an official cash rate decision by the local central bank tomorrow. The kiwi was trading at 62.96 US cents at 5:05p...
S&P raises UDC Finance's credit rating to 'BBB+'
By Jenny Ruth Sept. 24 (BusinessDesk) - International ratings agency Standard & Poor's has raised UDC Finance's credit rating a notch because of its view that the economic risks facing New Zealand's financial system have reduced and because of UDC's improved capital position....
NZ dollar bounces off four-year low; seen weaker
By Jenny Ruth Sept. 23 (BusinessDesk) - The New Zealand dollar rose but remained near a four-year low as optimism for a trade deal between the United States and China fades. The kiwi was trading at 62.74 US cents at 5:05pm in Wellington from 62.58 at 7:45am. The trade-weigh...
Prev
