Politics
Finance
RBNZ says ANZ has to hold more capital against housing and farm lending
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has imposed new conditions of registration on ANZ Bank requiring it to hold more capital against housing and farm lending from June 30. In its latest Financial Stability Report, the central bank says it has set minimum...
Primary Sector
Taupo lithium resource potentially economic - GNS
By Gavin Evans May 29 (BusinessDesk) - Lithium resources in the Taupo volcanic zone are potentially economic but may require conventional open-cast mining techniques if they are to be developed, delegates at the New Zealand Minerals Forum heard. The presence of lithium – a...
Finance
RBNZ appoints three independent experts to review bank capital proposals
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has appointed three external experts to independently review the analysis and advice underpinning its bank capital proposals. The three experts are James Cummings, a senior lecturer in finance at Macquarie University,...
Policy
Budget leaks suggest govt to centralise mental health spending control
By Ian Llewellyn for BusinessDesk May 28 (BusinessDesk) - Leaked Budget documentation indicates the government is seeking to centralise health spending control in key areas such as mental health. National’s release of what it says is an overview of the spending in some port...
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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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