The Financial Markets Authority and NZX are relaxing their rules to help companies during the coronavirus outbreak. The markets regulator is giving listed companies extra time to file accounts, while the stock exchange operator will make it easier for firms to raise cash. The FMA...
The Reserve Bank said it won't approve AMP Life's sale of its New Zealand life insurance business if it is "not comfortable" with it and said it can't provide a time frame for a decision.The central bank also hinted that it hasn't yet received all the information it needs to make...
The Federal Reserve in the United States and a raft of other central banks in major economies have acted in concert to enhance liquidity in the global financial system and the Fed has slashed its key interest rate to zero and resumed printing money. The New Zealand dollar was...
Westpac was the first of the major banks to promise to fully pass on the Reserve Bank's slashing of its official cash rate cut in reaction to what one expert is calling the one-in-200 year event the central bank had been modelling.As well as cutting the OCR from 1 percent to 0.25...
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articles by Victoria