Finance
Explore the latest finance news by Business Desk.
Markets
NZX eyes further funds growth, equity listings
Share market operator NZX is picking another strong year ahead, with its funds under management already exceeding $4 billion and expectations for additional equity listings. The company today reported a 7 percent lift in full-year net profit and a 10 percent increase in operat...
Harmoney quits P2P lending, PledgeMe rings in changes
The new year has brought big changes for online innovators Harmoney and PledgeMe, which announced major moves today. Lending start-up Harmoney said it is quitting the peer-to-peer lending market, and will stop taking retail lending applications from today, and halt all retail inv...
Law & Regulation
UPDATED: Hackers steal photo ID of 10,000 Generate KiwiSaver customers
Hackers stole photographic ID for some 10,000 of the 26,000 Generate KiwiSaver customers affected by a raid on the most sensitive part of its website over the Christmas/New Year period.The company clarified today that while 26,000 of the 90,000 Generate accounts opened over the l...
AMP talking to potential buyers of NZ wealth business
AMP said the divestment process of its New Zealand wealth management business is well underway and that it is "in discussions with a number of interested parties."It expects to provide a further update at or before it reports its first-half results for 2020 – that should happen i...
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