NZ sovereign rating can absorb higher fiscal spending - S&P

Rebecca Howard
Wed, 11 Dec 2019

International ratings agency Standard & Poor's says New Zealand’s higher government spending and weaker economic conditions are weighing on the fiscal outlook but there is no impact on its current rating.S&P Global Ratings made the comments after the government said it will fund $12 billion of new spending on roads, rail, schools, hospitals and other public infrastructure over the next five years.“We believe this can be accommodated within the current rating and net debt threshold,” S&P said.The firm currently rates New Zealand at '...
Economy
Steel & Tube shares jump 5% on break-even forecast
Dan Brunskill | Mon, 10 Aug 2020

Shares in Steel & Tube Holdings leapt more than 5 percent when the company told the market it expected to report cash positive operating earnings. The firm said it will break even for the June-year...

Primary Sector
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A takeover of New Image Group by New Image Trustee in 2013 may have breached the Takeovers Code.

Opinion FREE
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The government has pulled the plug on two major job subsidy schemes.

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.