Closed borders and a rudderless Immigration New Zealand means there is $2 billion trapped in stalled migrant investor visa applications, money which could be flowing into the country’s economy, immi
Investors representing funds of $295 billion have called on the government to introduce modern slavery legislation with more stringent requirements than currently proposed. The long-awaited legislatio
A week before the hacking of New Zealand’s parliament hit the spotlight, Australia’s high commissioner to New Zealand highlighted just how seriously Australia is taking the cybersecurity threat. A
InterCity bus operator Entrada Travel Group is beefing up its trans-Tasman position with the purchase of Greyhound Australia for an undisclosed sum. The travel company, jointly owned by Tranzit Grou
Australia and the Philippines have signed an agreement to boost collaboration on maritime security, including “promoting respect for international law”, in the latest sign of their deepening defen
By Stuart Condie Australia plans to toughen its corporate merger rules amid regulators’ and public concerns that market concentration is restricting competition in key industries and adding to infla
(Bloomberg) -- Ares Management Corp has raised A$2.6 billion (NZ$2.7b) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leve
An Australian entity related to a New Zealand liquor company that gave away a nearly $400,000 car is in liquidation after a successful court application. Let’s Go Beverages – the NZ entity – is
Australia's corporate regulator has launched its first greenwashing court action against pension fund Mercer Superannuation. The Australian Securities and Investments Commission (ASIC) has accused the
Australia and New Zealand Banking Group is one of the biggest banking companies in Australasia.The bank provides a wide range of services such as; personal banking, mortgages, consumer finance, wealth
By Paul McBeth July 15 (BusinessDesk) - The government's plans to rewrite legislation governing telecommunications will tilt the regulatory approach of the sector in favour of end-consumers over inves
By Tina Morrison Feb. 12 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased first-half profit 5.1 percent as it improved its performance in its key Australian market
Mortgage brokers are reporting they're still seeing first-home buyers but fewer than previously while investor interest has dropped sharply. Economist Tony Alexander's latest survey, which had 59 resp
Kathmandu said it is slowly re-opening in Australia, with the majority of its Rip Curl and Kathmandu outlets to be open by the end of the week. However back in New Zealand a head office restructure th
The property sector has broadly supported the Reserve Bank removal of loan-to-value ratio restrictions, saying it would open up opportunities for first home buyers and property investors. The proposa
Mortgage brokers say fewer property investors are in the market since the government announced its latest housing policies but they are also reporting first-home buyers are backing off too. Economist.
By Jenny Ruth April 17 (BusinessDesk) - First home buyers are increasingly making their presence felt in the housing market as buying by investors needing a mortgage remains depressed, according to Co
Both first-home buyers and investors have stepped back from the housing market with mortgage brokers reporting fewer in both categories are seeking their advice, a sharp contrast to their reports of a
The Australian Competition and Consumer Commission has signalled it will grant authorisation to Air New Zealand and Virgin Australia for a five-year trans-Tasman codeshare agreement. Public consultati
By Sophie Boot Oct. 3 (BusinessDesk) - ERoad, the logistics and fleet management software and hardware developer, says its first-half sales were overall in line with its expectations, though its grow
New Zealand investors played it safe last year, according to the latest central bank-ordained survey of the local fund sector. The new Reserve Bank of NZ (RBNZ) batch of managed fund data shows cash a
Heartland Group's purchase of an Australian bank and its banking licence is "another-level game-changer", chief executive Jeff Greenslade says. The dual-listed company said on Monday it had indicative
Air New Zealand will operate its first flight as part of the Safe Travel Zone with New South Wales tomorrow. The Safe Travel Zone is a one-way arrangement. People returning to New Zealand will still n
By Teela Reid History is haunting Australia – and its unruly past is stirring a moral reckoning. The government plans to hold a referendum in a few months seeking to enshrine an Aboriginal and Tor
By Karen Langley Warren Buffett recently warned that Berkshire Hathaway has “no possibility of eye-popping performance.” That hasn’t cooled the ardour of his fans, which could make Berkshire the
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