Politics
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...
Finance
Reserve Bank to ease lending restrictions if risks decline
By Paul McBeth July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. Deputy governor Geoff Bascand says the ban...
Policy
Real-time pricing to mark biggest electricity market change since birth in 1996
By Gavin Evans June 28 (BusinessDesk) - Businesses and households will get clearer electricity price signals under the biggest change to the wholesale power market since it was established in 1996. Under the changes planned by the Electricity Authority, customers will be ab...
Policy
Ardern reshuffles Woods to housing czar; no demotion for Twyford
By Pattrick Smellie June 27 (BusinessDesk) - Prime Minister Jacinda Ardern has made Megan Woods her new housing minister in a bid to cauterise the political damage done by Phil Twyford’s leadership of the struggling KiwiBuild programme. Twyford remains in charge of urban devel...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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