Regulation of financial institutions doesn't absolve them from managing risk, RBNZ says
By Jonathan Underhill Sept. 1 (BusinessDesk) - The Reserve Bank's regulation and supervision of financial institutions doesn't absolve their boards and managers from their responsibility to manage risks, the bank's head of prudential supervision Toby Fiennes has argued in a sp...
NZ dollar little changed as market awaits evidence to support 'more hawkish' Fed
By Jonathan Underhill Sept. 1 (BusinessDesk) - The New Zealand dollar was little changed as traders look ahead to non-farm payroll figures on Friday in the US for evidence that the Federal Reserve is right in appearing to adopt a more apparent willingness to hike interest rate...
Shaan Stevens says he was 'duped' by Love, Skiffington, SFO found no evidence against him
By Jonathan Underhill Sept. 1 (BusinessDesk) - Shaan Stevens, who gave evidence for the Crown in the fraud trial of Ngatata Love, says he was "duped" by the former Treaty negotiator and his partner Lorraine Skiffington and the Serious Fraud Office found no improper behaviour o...
NZ second-quarter terms of trade fall 2.1% as dairy export prices fall, oil drives up import prices
By Jonathan Underhill Sept. 1 (BusinessDesk) - New Zealand's terms of trade fell in the second quarter as dairy products led a decline in export prices and a rebound in crude oil drove up prices of imports. The terms of trade, which measures the purchasing power of New Zeal...
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