NZ dollar holds gains as the start of US-China trade sanctions weigh on greenback
By Paul McBeth July 9 (BusinessDesk) - The New Zealand dollar held on to its gains of late last week as trade sanctions kicked in between the world's two biggest economies, the US and China, sapping demand for the greenback. The kiwi traded at 68.32 US cents as at 8.15am i...
RBNZ anticipates banks will need deeper capital stocks under standardised reporting
By Paul McBeth July 6 (BusinessDesk) - The Reserve Bank expects big lenders who have been allowed to use their own models to measure their risk exposure will need to dig a little deeper if it goes ahead with plans to introduce a standardised reporting regime. The central b...
Appeal Court rejects Dotcom's bid to stay extradition, says misconduct claims should be heard at trial
By Paul McBeth July 5 (BusinessDesk) - The Court of Appeal has rejected Kim Dotcom and his co-accused's efforts to avoid extradition to the US and says not only do the charges qualify, but unlawful spying and other misconduct are an issue for the actual trial in Virginia. ...
TSB hires former Warehouse Financial Services head Donna Cooper as new CEO
By Paul McBeth July 4 (BusinessDesk) - TSB Bank has hired the former head of Warehouse Group's short-lived financial services unit Donna Cooper as its new chief executive, replacing long-serving Kevin Murphy who departed at the start of the year. She's been tasked with ove...
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