Reserve Bank makes it cheaper for banks to meet controversial capital rules – savings expected to be passed onto customers
The changes will enable banks to replace some of the high-cost, high-quality capital they have to hold with…
From farm scraps to art: Te Aroha sculptor Adrian Worsley’s latest giant metal cow
Labour of love Like all of Worsley’s unique creations, the cow has been a labour of love. Eighteen…
Physical infrastructure AI firm Foxglove, headed by Kiwi Adrian Macneil, raises US$40m
Customers include Nvidia, Amazon, Tesla, robotaxi firm Waymo, and Wayve, a British multibillion-dollar maker of AI tech for…
Treasury advised Nicola Willis to remove the Reserve Bank Governor from the board to improve accountability
“A governor who was ‘mere’ CEO would be exceptional, and internationally this could be seen as a diminished…
Ex-Reserve Bank Governor Adrian Orr to receive $416k ‘restraint of trade’ leaving payment
“The payment is due in October 2025, conditional on the terms being met. Under s 242 of the…