Two hyperscale data centres for Auckland – Infratil

Gavin Evans
Thu, 21 May 2020

CDC Data Centres plans to develop two “hyperscale” centres in Auckland to meet demand from existing customers and to extend its business into New Zealand. The Australian firm, 48 percent-owned by Infratil, said the two facilities would have capacity in the near term of up to 20 megawatts. Additional vacant land would allow for progressive development over time to meet demand from new and existing customers, Infratil said in a statement to the NZX. Earlier this month, Microsoft announced plans for its first data centre in New Zealand, with...
Finance
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...

Markets
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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...

Infrastructure
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...

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