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Reserve Bank revamps rules for bank outsourcing to avoid failures
By Sophie Boot Sept. 20 (BusinessDesk) - The Reserve Bank has released its revised policy for banks which outsource services, tightening the rules to ensure the banks continue to function in the event of failure. The revised policy means foreign-owned banks have to produce...
Transmission Gully earthworks estimate undershoots by 50%
By Paul McBeth Sept. 20 (BusinessDesk) - Greater Wellington Regional Council's environment committee wants an update on the $850 million Transmission Gully project after learning consents for the 27-kilometre four-lane highway underestimated earthworks by 50 percent. The g...
Orion Health whittling down options raised in strategic review, sees first-half operating loss
By Paul McBeth Sept. 20 (BusinessDesk) - Orion Health is narrowing the number of options on the table as it works through a strategic review, which shook out potential investors in the business. The healthcare software developer raised $32 million through a rights issue ea...
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