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govts legal advisors criticise rushed exploration ban process
By Gavin Evans Oct. 30 (BusinessDesk) - Consultation on legislation to implement the government’s planned ban on new offshore exploration should have been wider given its potential for “significan
fma rbnz disappointed by life insurers response 14m of issues found
By Jenny Ruth Sept. 17 (BusinessDesk) - Sixteen New Zealand insurers have identified more than 75,000 customer issues valued at least $1.4 million but regulators still say they are disappointed by the
rbnz backs decision making committee but wants to keep it in house
By Rebecca Howard Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is in favour of formalising a committee-based decision-making process but would prefer to keep out external members, and doub
insolvency 2023 who got the most work
High-profile retailers, promising startups, hospitality operators and builders; there was no shortage of commercial collapses to keep insolvency practitioners busy last year. Across the three formal
pushpay valuation assumes management miss targets
Pushpay Holdings’ board of directors are pressing ahead with a scheme of arrangement vote after an independent valuer found the takeover offer scraped into its acceptable range. US-based private equ
missed opportunity to clean up wild west of student visa advisers
A veteran immigration adviser says legislation that has been a decade in the making is missing the number one issue it was supposed to fix. Last week, the Government introduced a bill that included am
nz startup is building ai for augmenting ceos strategising
A New Zealand startup is building an artificial intelligence assistant to help small to medium business leaders make the best decisions for their companies. To paraphrase an expression rapidly approac
martin aircraft taps investors for 5 million ahead of plans to raise as much as 20m in ipo
By Suze Metherell Aug. 8 (BusinessDesk) - Martin Aircraft Co, which plans to make the world's first commercial jetpack, has so far raised half of its $5 million target by selling shares to investors
while you were sleeping oil weighs on equities
By Margreet Dietz Dec. 29 (BusinessDesk) - Wall Street moved lower with the price of oil amid concern about the global glut at a time of weakening worldwide economic growth. Oil dropped, pushing both.
top investors share the toughest lessons they had to learn
By Suzanne Woolley (Bloomberg Markets) -- Get a sharp investor talking for long enough, and their stories often become revealing. You’ll undoubtedly hear about their wins but also their most painf
market volatility is back
By David Uberti Volatility is back in the stock market after a roughly 18-month slumber. Turbulence has mounted since mid-July, culminating last week with the S&P 500 logging its best and worst da
dira bill passes third reading fonterras capital restructure in by late march
The legislation which would enable Fonterra to undertake its capital restructuring has passed its final reading in parliament. Fonterra confirmed on Friday morning that the new structure should be in.
not such an ezibuy
Ezibuy’s liquidators managed to squeeze an extra $600,000 out of Mosaic Brands after it threw in a lowball offer to buy back the group. After putting it into administration nearly 12 months ago, owi
proxy advisors turn nz companies upside down and inside out
Mainfreight boss Don Braid says, “without wanting to aggravate them, they’re a pain in the arse”. "They" are the global proxy advisers, dominated by two giants – Institutional Shareholder Serv
martin jetpack raises 65 mln in oversubscribed private placement
By Paul McBeth Sept. 11 (BusinessDesk) - Martin Aircraft Co, which plans to make the world's first commercial jetpack allowing a person to fly, raised $6.5 million in an oversubscribed private placeme
liquidators take legal advice on a chris cook entity owes 326m
The liquidators of one of well-known property developer Chris Cook’s entities say they’ve taken legal advice on “certain matters”. But Cook says no legal action is ongoing. Multiple entities c
ezibuys parent wants collapsed retailers assets back
The parent of Ezibuy has lobbed in an offer to its liquidators to buy back the collapsed retailer’s assets. In April, Mosaic Brands – which is listed across the Tasman – put the Palmerston North
while you were sleeping wall st recovers in volatile trading
By Margreet Dietz Feb. 7 (BusinessDesk) - Wall Street rebounded, as investors found value following Monday’s global stock market rout, amid bets that the outlook remains positive for corporate profi
asx hits record high dollar sinks as inflation cools
By Derek Rose The local share market has enjoyed its best performance in 20 months, surging to a record high for the ninth time this year after a cooling inflation report opened the door for interest.
unholy trade off nzsa says it will support synlaits capital raise
The New Zealand Shareholders Association has thrown its support behind Synlait Milk’s capital raise. Shareholders will gather at the cash-strapped processor’s Dunsandel site next week to vote on a
the public service slims down but pay rates rose faster than the private sector
Finance Minister Nicola Willis says the brakes have been put on contractor and consultant spending, while the number of public servants is expected to continue to fall. She was commenting on workforce
vista warns against board changes says potentias push for overhaul risks its cloud transition
Software company Vista says there is "no case for change" to its board. The dual-listed cinema software company released a presentation to proxy advisors on Monday morning. In it, it said removing c
business of government a red letter day for red tape job market bottoms out and more
It was a red letter day for the Act Party on Tuesday, but not because submissions opened on its Treaty Principles Bill or because of the hīkoi arriving at Parliament’s front door. Rather, it was th
comcom banking shakeup hinges on open banking
The Commerce Commission wants the Government to properly capitalise Kiwibank and have open banking “fully operational” by June 2026. Those were two key recommendations from the 14-month inquiry in
business of government killing the fiscal goose merger possibilities and more
Killing the goose that laid the golden egg? A freshly released briefing paper to Tourism Minister Matt Doocey reveals that the Government ignored officials' advice to raise the International Visitor L
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
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