Govt to set up new agency to marshal cyber-security resources
By Paul McBeth Dec. 10 (BusinessDesk) - The government plans to set up a new agency to marshal the nation's resources in dealing with cyber-security issues, which it estimates cost the country $257 million last year, says Communications Minister Amy Adams. Launching a new...
NZ dollar gains after RBNZ signals end of cutting cycle
By Paul McBeth Dec. 10 (BusinessDesk) - The New Zealand dollar gained after the Reserve Bank signalled an end to its current round of rate cuts, having previously left the door open if the currency remained too high. The kiwi rose to 67.38 cents at 5pm in Wellington from 6...
Reserve Bank's flat OCR outlook keeps swaps unchanged as kiwi climbs
By Paul McBeth Dec. 10 (BusinessDesk) - New Zealand swap rates were largely unchanged, while the kiwi dollar jumped as much as 1 US cent after the Reserve Bank put the brakes on future interest rate cuts and signalled a three-year pause. The central bank cut the key rate a...
UPDATE: RBNZ misses opportunity to lean on kiwi in closing door to more cuts
(Recasts, adding economist, central bank comment) By Paul McBeth Dec. 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler provoked a jump in the kiwi dollar, even while saying a strong currency was unhelpful, because his quarter point cut to the official cash rate came...
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