NZ dollar rises vs greenback; further gains may be curtailed by hawkish central bankers
By Rebecca Howard June 30 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker US dollar but may struggle to make further gains in the face of central bankers who are sounding more hawkish than the Reserve Bank. The kiwi traded at 73.28 US cents as at 5pm i...
NZX to carry out extensive review of business
By Rebecca Howard June 30 (BusinessDesk) - NZX will carry out an extensive review of its business with the results due in November and while shareholder Tony Falkenstein wasn't elected to the board, his observations will be considered as part of that review, chairman James Mil...
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...
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