Policy
Explore the latest government news by BusinessDesk.
Infrastructure
NZ joins like-minded countries to promote cyber security
By Paul McBeth July 2 (BusinessDesk) - New Zealand's government will buddy up with like-minded countries to build a rules-based order supporting a peaceful and stable online environment at a time when state-sponsored cyber attacks are on the rise. Broadcasting, Communicati...
Markets
NZ dollar pushes higher against Aussie ahead of RBA decision
By Rebecca Howard July 1 (BusinessDesk) - The kiwi dollar rose against its trans-Tasman counterpart ahead of the Reserve Bank of Australia’s rate decision tomorrow but the gains were tempered by weak data out of China. The kiwi was trading at 95.76 Australian cents at 5pm i...
Infrastructure
Mild weather trims Orion's full-year profit
By Gavin Evans July 1 (BusinessDesk) - Orion New Zealand, the country’s third-largest power distributor, says full-year profit was about $2.5 million lower than target due to mild weather and a tough year for the firm’s Connetics contracting arm. The company, owned by the C...
Finance
BNZ will need to raise new equity under RBNZ proposals, NAB wary
By Paul McBeth July 1 (BusinessDesk) - Bank of New Zealand says it will need to raise equity if the Reserve Bank's proposals for stricter capital requirements go ahead, and may not be able to rely on parent National Australia Bank. BNZ told the regulator that the proposals...
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