Inflation target risks overheated economy: BNZ

Targeting 2 per cent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank of New Zealand, which suggests current low global inflation rates mean the local…

Singapore Govt in new Akl property deal

The Singaporean Government is expanding its New Zealand property holdings, taking a further stake in Auckland via a new office block yet to be built.Listed landlord Goodman Property Trust has just announced that Fletcher Building…

US isolated as allies line up to join China-led bank

WASHINGTON (AP) ” U.S. resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies and given some heft to China’s frequent complaints that Washington wants to contain its rise as a world…

John Drinnan: Bank hits a six with sponsorship

The Black Caps will be laughing all the way to the bank. Specifically, the ANZ Bank, which has sponsored New Zealand Cricket, the Black Caps and bought all four ad packages for sponsoring Sky’s Cricket World Cup broadcasts.Beyond…

Executive Success: Hacking attacks need new tactics

In the pre-Christmas retail frenzy of 2013, US retail giant Target had its cash registers raided.It wasn’t the stand and deliver tactics of old, but the work of 20-something-year-old eastern European hackers exploiting a weakness…