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Sunday February 5th 2012

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Taxing the Economy to Death »

by Kris Sayce “It is understood the fight broke out during the Tuesday trading session over a line-of-stock transaction. The drama started with a ‘gentle shove’ between the two men that quickly intensified. “The pair reportedly tackled each other and had to be separated by their UBS colleagues.” The fight – as reported by News Ltd – [...]

Banks must continue to Lend »

The Reserve Bank says that banks must continue to lend to "creditworthy" borrowers. In releasing its six-monthly Financial Stability Report today, the central bank warned that credit growth had slowed in recent months. "Lending criteria have tightened and some businesses are reporting difficulties in obtaining credit," RBNZ Deputy Governor Grant [...]