Reserve Bank pushes for power of veto over big bank purchases
The Reserve Bank of New Zealand is pressing for the power of veto over significant purchases by the country's banks.
AdvertisementAdvertise with NZME.
Latest from Official Cash Rate
Bailout fund hint highlights tensions
The Belgian Finance Minister has hinted that the €750 billion ($1.3 trillion) EU bailout fund could be increased, in a further sign of the confusion and discord over the best way to tackle the Eurozone debt crisis.
Market picks no OCR rise till June
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
<i>Deborah Hill Cone</i>: Keep your distance, Mr Banker
I don't want a friend - just a bank that knows its place.
World shares surge on optimism
Stocks in Europe and on Wall St surged overnight to start the final month of the year with an optimistic view that central banks and policy makers were committed to shoring up economic growth.
Road rage-accused name released
A leading financial adviser accused of a road rage hit-and-run incident can be named for the first time.
Euro worry deepens overnight on world markets
Concern about Europe's fiscal crisis was at the forefront of investors' minds again as they sold equities, the euro and European government debt.
<i>Editorial</i>: Open the SOE stable and let the foals thrive
The Labour Party's finance spokesman, David Cunliffe, raised some eyebrows last Thursday
Labour sees place for private capital in SOEs
The Labour Party has signalled a willingness to allow private capital into state-owned enterprises - at the subsidiary level.