Anan Zaki
Business Reporter at Radio New Zealand (RNZ)
Business reporter at @RadioNZ | Email me [email protected]
Articles
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2 weeks ago |
rnz.co.nz | Anan Zaki
The Reserve Bank's board is being taken to task for its handling of the surprise resignation of former governor Adrian Orr. Documents released under the Official Information Act showed Orr disagreed with the board over a large cut to the central bank's funding from the government. A former senior staffer at the RBNZ and stern critic of the governor Michael Reddell said Orr was right to go if he felt strongly, but the board mishandled the whole issue.
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3 weeks ago |
rnz.co.nz | Anan Zaki
Investors will not be drawn to new gas field developments without broad political consensus, according to one of the country's few oil and gas companies. It comes as data from the Ministry of Business, Innovation and Employment showed the country's gas reserves were running out faster than previous expectations. Echelon Resources, formerly New Zealand Oil and Gas, said it supported the government's $200 million plan to co-invest in new gas fields, but called for greater political backing.
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3 weeks ago |
rnz.co.nz | Anan Zaki
A broad restructuring is on the cards at the Reserve Bank, less than two months after the government announced it would cut its budget. RBNZ said it would consult with staff about potential "broader organisational changes" later this month, but refused to provide additional details. RNZ understands certain backroom functions were being reviewed, as the central bank faced a 25 percent cut to its budget in the new financial year.
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3 weeks ago |
radionz.co.nz | Anan Zaki
A broad restructuring is on the cards at the Reserve Bank, less than two months after the government announced it would cut its budget. RBNZ said it would consult with staff about potential "broader organisational changes" later this month, but refused to provide additional details. RNZ understands certain backroom functions were being reviewed, as the central bank faced a 25 percent cut to its budget in the new financial year.
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1 month ago |
rnz.co.nz | Anan Zaki
The head of Fonterra says he understands consumers' frustration about the price of butter, but the co-op has to deliver for farmers. In its third-quarter update, Fonterra's profit for the nine months ended April rose 11 percent to $1.08 billion (or $1.16b excluding one-offs), driven by strong demand. But the same demand has meant soaring prices for household staples like butter.
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