NZ dollar up on risk appetite after hawkish central banks and US bank stress tests
By Rebecca Howard June 29 (BusinessDesk) - The New Zealand dollar rose on improving global risk appetite after hawkish comments from a raft of central banks and after all major U.S. financial institutions received approval from the Federal Reserve to ramp up dividend payouts a...
RBNZ says licensed insurers failing to comply with disclosure rules
By Rebecca Howard June 29 (BusinessDesk) - The Reserve Bank says the overall level of compliance with disclosure rules on the part of licensed insurers falls well short of minimum requirements and needs to "markedly improve". "The level of compliance was generally disappoin...
Labour wants to lift minimum wage, soften 90-day trial rules
By Rebecca Howard June 29 (BusinessDesk) - If elected in September, a Labour government would lift the minimum wage to $16.50 an hour and pay core public service workers a 'living wage', Labour leader Andrew Little said when presenting the party's employment relations policy....
REPEAT: Shell NZ narrows FY loss, OMV's NZ unit moves back into profit
(Repeats to add dropped word 'impairment' in final paragraph) By Rebecca Howard June 26 (BusinessDesk) - Shell New Zealand is keen to find suitors for its remaining New Zealand assets after the sale of its Kapuni onshore field helped narrow its loss in the year to December...
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