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RBNZ trying to understand unexpectedly weak inflation, McDermott says
By Paul McBeth July 13 (BusinessDesk) - The Reserve Bank is trying to understand why inflation has consistently undershot expectations over the past six years, which it sees as a strategic priority this year, assistant governor John McDermott says. In a speech explaining h...
NZX proposes changes to flagging price-sensitive announcements
By Paul McBeth July 13 (BusinessDesk) - NZX wants to change the way it flags price-sensitive announcements which attract brief trading halts, putting the onus on issuers to identify what's material. The Wellington-based stock market operator is seeking more feedback on a p...
Govt to adopt Shewan's foreign trust recommendations
By Paul McBeth July 13 (BusinessDesk) - The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. Finance Minister Bill Engl...
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