Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
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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Property
S&P raises UDC Finance's credit rating to 'BBB+'
By Jenny Ruth Sept. 24 (BusinessDesk) - International ratings agency Standard & Poor's has raised UDC Finance's credit rating a notch because of its view that the economic risks facing New Zealand's financial system have reduced and because of UDC's improved capital position....
ANZ ties $50m loan for Synlait to environment, social and governance measures
By Rebecca Howard Sept. 24 (BusinessDesk) - Synlait Milk will reap cheaper interest costs if it hits various environmental, social and governance in a $50 million, four-year loan with ANZ Bank. However, if it falls short, that bill will be higher. “This is the first time a...
Tower to raise $47.2m at a discount to buy Youi, bolster balance sheet again
By Paul McBeth Sept. 24 (BusinessDesk) - Tower will raise $47.2 million at a discount, of which less than half will go towards buying controversial minnow Youi NZ and the rest will bolster the insurer's balance sheet to meet new licencing conditions. The Auckland-based in...
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