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RBNZ will have to be more sceptical in regulatory oversight - Orr
By Paul McBeth July 4 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential supervisor will have to be more sceptical in its oversight of the insurance and banking sectors given the lack of self-discipline shown in the CBL Insurance case. The central bank y...
MARKET CLOSE: NZ shares led higher by exporters Kathmandu, A2 in light trading
By Paul McBeth July 3 (BusinessDesk) - New Zealand shares rose in light trading ahead of the US Independence Day holiday, with exporters Kathmandu Holdings and A2 Milk Co leading the market higher. The S&P/NZX 50 Index increased 12.49 points, or 0.1 percent, to 10,544.43....
NZ dollar tad higher as greenback remains out of favour
By Rebecca Howard July 3 (BusinessDesk) - The New Zealand dollar firmed slightly as investors fret about the impact of trade tensions on global growth and look ahead to US jobs data later in the week. The kiwi was trading at 66.78 US cents at 5pm in Wellington versus 66.67...
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