Business
Finance
RBNZ demands assurance ANZ New Zealand is operating prudently
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank is demanding ANZ Bank New Zealand provide assurance it is operating in a prudent manner after it was censured in May and the bank says it will work with the regulator. The central bank is using powers under sectio...
Markets
Citic gets seat at Tourism Holdings in $80 mln capital raising
By Paul McBeth June 24 (BusinessDesk) - Chinese investment manager Citic Capital will get a seat on Tourism Holdings' board, paying full price to lift its stake in the rental RV operator as part of an $80 million capital raising. Citic, which oversees US$26 billion of asse...
Opinion
Jenny Ruth: ANALYSIS: Grand Vista for cinema software expansion
By Jenny Ruth June 24 (BusinessDesk) - Vista Group has mightily rewarded investors since its November 2014 float, the share price having risen more than fivefold. And unlike so many technology companies, Vista was already profitable before it listed and has grown revenue at...
Policy
Woods defends 100% renewable power target
By Gavin Evans June 21 (BusinessDesk) - The government is defending its 100 percent renewable electricity target against criticism that it risks distracting efforts from cheaper and larger emission reduction efforts elsewhere. Energy and Resources Minister Megan Woods says...
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