RBNZ's poor policy process puts its credibility at risk: former official
By Jenny Ruth May 15 (BusinessDesk) - The Reserve Bank’s third discussion paper on its bank capital proposals points to a lack of robust policy process, is an embarrassment to New Zealand and undermines the central bank’s credibility, according to a former Reserve Bank officia...
Goodman Property profit jumps 64.7% on valuation and development gains
By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to create a pure Auckland industrial property portfolio. Net profit attributabl...
NZ dollar rises on hopes for US-China trade talks, Vodafone deal
By Jenny Ruth May 14 (BusinessDesk) - The New Zealand dollar was a little stronger after US President Donald Trump said he expects his country’s trade negotiations will be successful. There was also speculation that the planned $3.4 billion purchase of Vodafone New Zealand...
UPDATE: Auckland house price deflation accelerates as sales volumes plummet
(Updates with comment and further details from 4th par) By Jenny Ruth May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet, not just in Auckland but in most parts of the country. The latest Real Estat...
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