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RBNZ eyes lack of payment system supervision
By Paul McBeth June 19 (BusinessDesk) - The Reserve Bank is looking at ways to bring regulatory oversight to the country’s payment systems, in what’s an otherwise sound financial system, the bank’s head of prudential supervision Toby Fiennes says. The central bank sees the lac...
Labour’s Parker says Parliamentary privilege vital against Hanover-style litigation
By Paul McBeth June 19 (BusinessDesk) - Labour Party finance spokesman David Parker is throwing his support behind legislation enshrining Parliamentary privilege saying he doesn’t want government officials threatened with defamation suits from deep-pocketed people when offering...
Energy Mad sells its stake in Chinese joint venture factory for $1.7 mln
By Tina Morrison June 19 (BusinessDesk) – Energy Mad, whose shares have dropped 21 percent this year after it failed to meet earnings forecasts, sold its 20 percent stake in its Chinese joint venture factory for $1.7 million. The sale price is in line with the company’s estimat...
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