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CORRECTION Reserve Bank sticks to its guns on timing of new bank capital requirements

CORRECTION Reserve Bank sticks to its guns on timing of new bank capital requirements

(corrects implementation date to 2013 in third par) By Pattrick Smellie Sept. 11 (BusinessDesk) - Australian-owned banks operating in New Zealand are being required to meet new global capital adequacy rules two years ahead of their trans-Tasman parents. The Reserve Bank of New...

12 Sep 2012
Haier flags possible sale of FPA finance unit as target share price rises to near offer

Haier flags possible sale of FPA finance unit as target share price rises to near offer

By Jonathan Underhill Sept. 12 (BusinessDesk) – Haier has signalled the possible sale of Fisher & Paykel Appliances’ finance unit, suggesting the consumer credit business may come on the market if the Chinese manufacturer succeeds in its bid for control of the Auckland-based com...

11 Sep 2012
NZ guest nights fall in July, snapping two months of gains

NZ guest nights fall in July, snapping two months of gains

By Hannah Lynch Sept. 12 (BusinessDesk) - New Zealand guest nights fell in July, snapping two months of gains, led by a fall in domestic and international guest nights. Total guest nights fell a seasonally adjusted 8.9 percent to 2.5 million in July compared to June, Statistic...

11 Sep 2012
Vital Healthcare sells Point Chevalier property for $5.25M

Vital Healthcare sells Point Chevalier property for $5.25M

11 Sep 2012
NZ Oil and Gas chairman Radford to depart after next month's annual meeting

NZ Oil and Gas chairman Radford to depart after next month's annual meeting

11 Sep 2012
ETS defenders seek 50 percent limit on foreign carbon credits

ETS defenders seek 50 percent limit on foreign carbon credits

11 Sep 2012
Paper Plus ran ruler over Whitcoulls, got very close with $35M funding arranged

Paper Plus ran ruler over Whitcoulls, got very close with $35M funding arranged

11 Sep 2012
F and P Appliances set to jump to $1.20 offer price with Haier in reach of 50 percent minimum target

F and P Appliances set to jump to $1.20 offer price with Haier in reach of 50 percent minimum target

11 Sep 2012
New Zealand's AA credit rating affirmed by Fitch on strong monetary, fiscal record

New Zealand's AA credit rating affirmed by Fitch on strong monetary, fiscal record

11 Sep 2012
NZ dollar climbs month-high vs greenback as Moody's warns on US credit rating

NZ dollar climbs month-high vs greenback as Moody's warns on US credit rating

11 Sep 2012
While you were sleeping Fed bullishness prevails, for now

While you were sleeping Fed bullishness prevails, for now

11 Sep 2012
MARKET CLOSE NZ shares rise, led by F and P Appliances; Telecom, Fletcher gain

MARKET CLOSE NZ shares rise, led by F and P Appliances; Telecom, Fletcher gain

11 Sep 2012
NZ dollar little changed as traders await German judgment on euro-zone fund, Fed meeting

NZ dollar little changed as traders await German judgment on euro-zone fund, Fed meeting

11 Sep 2012
Metlifecare sells Christchurch site to Bupa Care for $9.4 mln

Metlifecare sells Christchurch site to Bupa Care for $9.4 mln

11 Sep 2012
Fletcher concludes negotiations on $300M Wiri prison project

Fletcher concludes negotiations on $300M Wiri prison project

11 Sep 2012
Asian investors look to NZ hotel sector after Australian spending spree

Asian investors look to NZ hotel sector after Australian spending spree

11 Sep 2012
Crown reaches $170M settlement with Ngai Tuhoe, reaches compromise on Urewera park

Crown reaches $170M settlement with Ngai Tuhoe, reaches compromise on Urewera park

11 Sep 2012
NZ property values extends gains in August QV

NZ property values extends gains in August QV

11 Sep 2012
NZ local authorities spend record $2.3 bln in second quarter, generating deficit of $145M

NZ local authorities spend record $2.3 bln in second quarter, generating deficit of $145M

10 Sep 2012
NZ credit, debit card spending climbs 3 percent in August on record-spike in fuel expenditure

NZ credit, debit card spending climbs 3 percent in August on record-spike in fuel expenditure

10 Sep 2012
Nasdaq-listed Citrix buys Wellington-based Beetil for undisclosed sum

Nasdaq-listed Citrix buys Wellington-based Beetil for undisclosed sum

10 Sep 2012
Debt Management Office to sell inflation-indexed bonds from October, hires syndicate

Debt Management Office to sell inflation-indexed bonds from October, hires syndicate

10 Sep 2012
NZ dollar dips as US consumer credit drops, Greek aid back in focus

NZ dollar dips as US consumer credit drops, Greek aid back in focus

10 Sep 2012
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