Reserve Bank to ease lending restrictions if risks decline
By Paul McBeth July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. Deputy governor Geoff Bascand says the ban...
MARKET CLOSE: NZ shares post 6.4% gain in June quarter as yield remains king
By Paul McBeth June 28 (BusinessDesk) - The benchmark S&P/NZX 50 Index rounded out a 6.4 percent gain in the June quarter, with demand for infrastructure, utilities, and property firms driving the benchmark to another record. The index today rose 69.88 points, or 0.7 perce...
MARKET CLOSE: NZ shares rise as yield hunt lifts Genesis, Auckland Airport to records
By Paul McBeth June 27 (BusinessDesk) - New Zealand shares rose as companies offering reliable dividends remain attractive in the persistently low interest rate environment. Genesis Energy and Auckland International Airport hit records. The S&P/NZX 50 Index increased 23.17...
Faafoi seeks enduring iwi framework from 5G spectrum talks
By Paul McBeth June 27 (BusinessDesk) - Communications Minister Kris Faafoi wants a framework for iwi radio spectrum allocations that will endure beyond the current discussions over 5G technology. The minister said he's had positive conversations over Treaty of Waitangi i...
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