Orr says RBNZ still under-resourced, funding model part of second phase of review
By Rebecca Howard Dec. 12 (BusinessDesk) - The Reserve Bank continues to be under-resourced, despite paying its third-biggest dividend this year, but the review of the Reserve Bank Act is currently looking at its funding model, governor Adrian Orr says. Currently, the cent...
RBNZ governor denies central bank exerted influence over CBLI creditors
By Rebecca Howard Dec. 12 (BusinessDesk) - Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurance’s creditors to support them in its bid for liquidation. “I have almost lost count of the allegations that have...
NZ dollar firm against greenback as risk appetite ticks up
By Rebecca Howard Dec. 11 (BusinessDesk) - The New Zealand dollar remained firm against the greenback after news that Chinese and US officials are still talking helped alleviate some fears of a global slowdown. The kiwi traded at 68.81 US cents at 5pm in Wellington versus ...
BurgerFuel starts full strategic review of business
By Rebecca Howard Dec. 11 (BusinessDesk) - BurgerFuel Worldwide continues to face challenges after the loss of its international partner and has called on KPMG Corporate Finance to undertake a full strategic review of the business. "The reality of global expansion and devel...
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