Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
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. ...
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Finance
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...
Finance
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...
Finance
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....
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