INFINZ says RBNZ bank capital proposals lack analysis and scrutiny
By Jenny Ruth May 23 (BusinessDesk) - The Reserve Bank has provided insufficient material and analysis of its “dramatic” bank capital proposals, and they warrant “a level of scrutiny proportionate to the magnitude and breadth of its potential impacts on the wider economy,” say...
UPDATE: Metroglass' Australian woes drag annual net profit down 69%
(Updates share price and adds further detail and comment from 3rd par) By Jenny Ruth May 23 (BusinessDesk) - Metro Performance Glass blamed "significant challenges" in Australia for a 69 percent plunge in annual net profit and a slide in operating earnings consistent with t...
NZ-owned banks says RBNZ capital proposals will make it harder to compete
By Jenny Ruth May 23 (BusinessDesk) - New Zealand’s smaller, locally-owned banks want the Reserve Bank to go further in leveling the competitive playing field between them and the big four Australian-owned banks. They say the central bank’s current bank capital proposals co...
NZ dollar trades near 2019 low on Aussie rate outlook, China worries
By Jenny Ruth May 22 (BusinessDesk) - The New Zealand dollar was little changed as investors bet on an Australian rate cut in June, continue to fret about the United States-China trade war and as elections for the European Parliament get underway in 28 countries. The kiwi w...
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