
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.
The Reserve Bank of New Zealand is pressing for the power of veto over significant purchases by the country's banks.
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.
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 don't want a friend - just a bank that knows its place.
A leading financial adviser accused of a road rage hit-and-run incident can be named for the first time.
Concern about Europe's fiscal crisis was at the forefront of investors' minds again as they sold equities, the euro and European government debt.
The Labour Party's finance spokesman, David Cunliffe, raised some eyebrows last Thursday
The Labour Party has signalled a willingness to allow private capital into state-owned enterprises - at the subsidiary level.