Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
CORRECT: Ethical investing on human rights grounds 'too hard'
Finance

CORRECT: Ethical investing on human rights grounds 'too hard'

(Corrects sixth paragraph of story issued July 29 to fix size of Simplicity’s non-KiwiSaver growth fund, the percentage allocated to Vanguard’s ethically conscious share fund, and add Simplicity’s exposure to Barrick.) By Victoria Young Aug.1  (BusinessDesk) - Simplicity fo...

Gavin Evans 01 Aug 2019
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NZ dollar little changed after Fed rate cut
Finance

NZ dollar little changed after Fed rate cut

By Jenny Ruth Aug. 1 (BusinessDesk) - The New Zealand dollar was little changed in the wake of the US Federal Reserve’s first interest rate cut in more than a decade and as the market continues to expect a rate cut from our own Reserve Bank next week. The kiwi was trading a...

Jenny Ruth 01 Aug 2019
Augusta aims for $3 bln under management by 2022
Finance

Augusta aims for $3 bln under management by 2022

By Jenny Ruth Aug. 1 (BusinessDesk) - Augusta Capital wants to increase assets under management to $3 billion by its 2022 financial year, the property and investment manager told its annual shareholders’ meeting. Augusta had $2 billion in assets under management at March 31...

Jenny Ruth 01 Aug 2019
Chapman Tripp pleads for more time on bank capital proposals
Finance

Chapman Tripp pleads for more time on bank capital proposals

By Jenny Ruth July 31 (BusinessDesk) - Law firm Chapman Tripp is urging the Reserve Bank to delay its final decision on increasing the minimum amounts of bank capital because of its critical importance to both the banks themselves and to the wider economy. “It is therefore...

Jenny Ruth 31 Jul 2019