Aaa credit ratings vindicates budget – Robertson

Brent Melville
Fri, 22 May 2020

Brent Melville
Fri, 22 May 2020
Finance Minister Grant Robertson said an unchanged Moody’s Aaa stable credit rating reinforces the affordability of his $50 billion budget. In its latest note to investors today, Moody’s said it expected New Zealand’s fiscal position to remain stronger than most of its Aaa-rated peers, based on a “more moderate” debt burden and strong debt affordability. The ranking followed last week’s continued positive outlook on the country by rankings and index provider Standard and Poor’s. Robertson said the ratings showed the starting point head...
Regulator sues ANZ over credit card insurance
Dan Brunskill | Fri, 05 Jun 2020

The Financial Markets Authority has filed High Court proceedings against ANZ Bank New Zealand, alleging it charged some customers for credit card repayment insurance policies that offered those custom...

MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
Rebecca Howard | Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...

Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

Go local: Kiwi firms need your business to survive

Now, more than ever, Kiwis must support local businesses so they can keep Kiwis employed.

Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks