Proactive monitoring needed in banking, insurance, MPs told
By Gavin Evans Sept. 19 (BusinessDesk) - More proactive monitoring of the country’s banking sector is needed given the lack of understanding in the community about insurance products and loans, MPs heard today. Home loans, savings schemes and insurance are not the same as o...
Near-record throughput at Marsden Point
By Gavin Evans Sept. 19 (BusinessDesk) - The Marsden Point oil refinery processed a near-record 7.62 million barrels of oil during the past two months. Operator New Zealand Refining said its throughput for July and August was the second highest on record. It attributed the...
Independent valuation of Tilt 'very optimistic' - Infratil
By Gavin Evans Sept. 18 (BusinessDesk) - Some of the assumptions in an independent valuation of Tilt Renewables have resulted in a “very optimistic” view of the firm’s long-term prospects, suitor Infratil says. Chief executive Marko Bogoievski said some of the assumptions a...
Electricity price caps may harm new entrants, investment - S&P
By Gavin Evans Sept. 18 (BusinessDesk) - Retail price caps in the electricity market may disproportionately harm new entrant players while also discouraging investment, ratings agency S&P Global says in an appraisal of the Australian power market. Interventions in retail pr...
