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
New Zealand startup Grw AI raised $2.4 million in a pre-seed round for its artificial intelligence sales coach product, which one customer said helped increase sales by 400%. The round was led by Pr
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
Spun out of The Spinoff two years ago, digital creative agency Daylight has been a rare success story in New Zealand’s turbulent media landscape. Carving out a niche as a website designer, digital p
By Luke CostinQatar Airways intends to acquire a quarter stake in Virgin Australia in a partnership the latter calls a "missing piece" of its long-term strategy. Travellers would have more airfare opt
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
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
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.
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
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 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
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
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
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
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
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
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.