Agribusiness (43 items)

Orr cuts deep and warns on agribusiness

The RBNZ surprised markets with a deeper than expected cut to the OCR. Reserve Bank Governor Adrian Orr said the bank’s Monetary Policy Committee “tossed and turned around” before decided to cut the rate by a full 50 basis points to one percent, in hopes of stimulating the economy against a global slowdown. Economists had forecast just a 0.25 percent cut. read more

Carney competes for fintech spotlight

There is "a growing pipeline of firms" - make that fintechs - clamouring for access on level terms with banks to the central bank's most vital, and real-time, payments processing. At least in England, or so BOE governor Mark Carney told a London fintech fiesta last night. read more

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