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
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
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
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
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
Sydney, Australia – Australia will reward power-guzzling aluminium smelters that use renewable electricity instead of coal, Prime Minister Anthony Albanese said Monday as he unveiled a US$1.2 bill
Hallenstein Glasson’s momentum across the Ditch is continuing as it eyes further expansion for both its brands. In its earnings report for the six months to Feb 1, disclosed to the NZX on Friday,
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 Owen Tucker-Smith Keith Moffat was born in Canada, lives in the Netherlands and has an Irish passport. But until recently, his stock portfolio was (almost) all-American. At one point, around 90
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
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
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
Sydney, Australia Washington's looming tariffs on steel and aluminium are "entirely unjustified", Australian Prime Minister Anthony Albanese said Wednesday after failing to secure a last-minute exempt
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
Canberra – Australia's left-leaning government will cut income tax, slash student debt and hasten defence spending under an annual budget released Tuesday, courting voters as it readies to fight a t
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 had its largest-ever year for red meat exports in 2024, according to Meat & Livestock Australia. Increased production across the Tasman in recent seasons has weighed on farm gate prices in N
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