Milford trims exposure to shares; builds warchest
By Rebecca Howard | Wed, 25 Mar 2020
Milford Asset Management has significantly reduced its exposure to shares and increased its overall cash levels as it looks to weather the covid-19 fallout.The Milford Active Growth Fund - both...
NZX50 sinks 8.5% as investors eye company balance sheets
By Paul McBeth | Mon, 23 Mar 2020
The S&P/NZX 50 Index dropped 8.5 percent in early afternoon trading as investors have shifted their focus to whether firms are strong enough to withstand a protracted downturn. The benchmark index...
Banks eye emergency relief for SME, mortgage borrowers
By Jenny Ruth | Mon, 23 Mar 2020
Banks are looking at allowing small to medium sized businesses and mortgage customers to suspend payments for a period as many firms curtail their activities or lose custom due to the coronavirus cris...
Virus crisis wipes $8.9 billion off NZ Super Fund's value
By Jenny Ruth | Fri, 20 Mar 2020
The New Zealand Superannuation Fund said global market volatility has wiped $8.9 billion, or 19.5 percent, off its value but says it can withstand the disruption resulting from the worsening coronavir...
RBNZ can't say if or when it may approve AMP Life sale
By Jenny Ruth | Thu, 19 Mar 2020
The Reserve Bank said it won't approve AMP Life's sale of its New Zealand life insurance business if it is "not comfortable" with it and said it can't provide a time frame for a decision.The central b...