Policy
Explore the latest government news by BusinessDesk.
Markets
NZ dollar falls after RBA governor flags potential rate cut
By Jenny Ruth May 21 (BusinessDesk) - The New Zealand dollar fell against the greenback, dragged down by its trans-Tasman counterpart after Reserve Bank of Australia governor Philip Lowe talked about considering a rate cut in two weeks’ time. The kiwi was trading at 65.11 U...
Finance
Auditors need to come out of the shadows and explain the value they add: FMA
By Paul McBeth May 21 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett wants the audit profession to explain how it adds value to investors, who are largely sceptical of their benefit. The market watchdog commissioned Buzz Channel to survey retail a...
Finance
RBNZ to announce final decision on bank capital rules by November
By Jenny Ruth May 20 (BusinessDesk) - The Reserve Bank says it will announce its final decision on new bank capital rules by the end of November. The central bank says it has received 164 submissions on its bank capital proposals and reiterated its commitment to release the...
Retail
Licensing key to medicinal cannabis firm Cannasouth's ambitions
By Paul McBeth May 20 (BusinessDesk) - Medicinal cannabis firm Cannasouth is poised to become NZX's first initial public offering in two years and is touting its ability to secure licences and strong relationships with regulators as selling points. The Waikato-based compan...
Prev
