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Ardern backs Twyford as Thursday Cabinet reshuffle looms
By Pattrick Smellie June 24 (BusinessDesk) - Prime Minister Jacinda Ardern went out of her way to defend the record of Housing and Urban Development Minister Phil Twyford while announcing her "relatively minor" Cabinet portfolio reshuffle will be unveiled on Thursday. Twyfo...
Deposit protection reduces case for RBNZ's bank capital increases, Robertson hints
By Pattrick Smellie June 24 (BusinessDesk) - A bank deposit protection scheme may help defuse the battle between the Reserve Bank and the country's biggest trading banks over how much extra capital they should have to hold on their balance sheets, Finance Minister Grant Robert...
NZ dollar higher after Lowe comments viewed as less dovish
By Rebecca Howard June 24 (BusinessDesk) - The New Zealand dollar gained against the greenback, tracking its Australian counterpart after comments from Reserve Bank of Australian governor Philip Lowe called into question further easing across the Tasman. The kiwi was tradin...
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