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
By Paulo Trevisani Interest rates are falling, but not fast enough to convince fixed-income investors to take more risk. Uncertainty is to blame, economists say. Forecasting Fed moves has become trick
Mercury plans to spend $287 million to build Northland's first windfarm. The 12 turbines in Kaiwaikawe will have a capacity of 77 megawatts (MW), enough to power about 27,000 homes with around 221 gig
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
Venture capital firm Pacific Channel is setting up a new fund in Australia, in a move it believes is a first offshore expansion for such a New Zealand-based company. The Pacific Channel Ventures fund.
Resources Minister Shane Jones is heading to Australia as part of his ongoing campaign to entice international miners to invest in New Zealand. The trip comes as work begins preparing a critical miner
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
Xero announced Angad Soin as its new managing director for Australia and New Zealand on Thursday. Soin will hold a dual role, retaining his position as global chief strategy officer on Xero’s execut
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
By Amy Bainbridge The Australian Government is proposing a raft of changes for the nation’s A$3.9 trillion (NZ$4.32t) pension industry, to prepare for the retirement of an estimated 2.5 million peop
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
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
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
Australia plans to implement a new charge on the owners of global tech platforms, attempting to shore up local media outlets months after Facebook cut ties with traditional news providers. The Governm
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
New Zealand fraudster and former Blue Chip boss Mark Bryers has been jailed in Australia. Australian media reported that Bryans, construction boss George Alex, Lindsay Kirschberg, Pasquale Loccisano,.
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
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 Loni Prinsloo (Bloomberg) -- Alphabet Inc’s Google is building out the first undersea fibre optic cable that will directly connect Africa with Australia, helping to shore up internet access in o
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
Deputy Prime Minister Winston Peters will attend the Melbourne Cup on Tuesday before heading to Canberra to meet the foreign ministers of Australia and India. In Canberra, Peters will attend and speak
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