Finance
Explore the latest finance news by Business Desk.
Law & Regulation
Govt insurer wants to cut litigation funder out of potential settlement
By Jenny Ruth Sept. 26 (BusinessDesk) - Southern Response appears to want to avoid its claimants having to pay a portion of any settlement to litigation funder, Claims Funding Australia, flying in the face of a landmark Court of Appeal decision. The government-owned insurer...
Markets
MARKET CLOSE: NZ shares mixed; yield stocks back in vogue, Air NZ gains
By Paul McBeth Sept. 25 (BusinessDesk) - New Zealand shares outperformed the rest of Asia, edging higher as yield stocks such as Trustpower and Infratil were back in favour among investors. Air New Zealand rose as rival Jetstar signalled it will stop flying regional routes. ...
Policy
UPDATE: Faafoi foreshadows conduct licensing regime for financial institutions
(Updates with more details from first paragraph and throughout.) By Jenny Ruth Sept. 25 (BusinessDesk) - Individuals will face fines of up to $1 million dollars and companies up to $5 million for breaches of a planned new conduct licensing regime for financial services prov...
Policy
Govt plans to clamp down on unfair commercial practices well received
By Rebecca Howard Sept. 24 (BusinessDesk) - Government plans to clamp down on unfair commercial practices that can cripple small businesses have been well received by those lobbying for change. “We’re taking action to prohibit the most serious types of commercial misconduc...
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