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australia to tighten supermarket regulations introduce new penalties
By Mike Cherney Australia plans to tighten regulations on supermarkets, including strengthening a code of conduct and introducing new penalties, amid concerns that big grocery chains have too much l
heartland says australia opportunity pretty exciting
Heartland Group chief executive Jeff Greenslade says the bank’s potential growth in the Australian market is a “pretty exciting” opportunity for the company. Yesterday, the dual-listed banking g
nzs wake up call the growing cybersecurity gap with australia
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
freightways eyes dual listing in australia
Freightways is lining up its ducks for a dual listing on the Australian securities exchange (ASX). “With Australia now representing a more significant share of Freightways’ activities, a dual l
london staff to double at australia pension fund aware super
(Bloomberg) -- Aware Super plans to hire up to 15 more people in its London office as Australia’s third-largest pension fund pushes deeper into private-market investments. The A$160 billion (NZ$173.
billionaire forrest backs carbon levy on australia fossil fuels
(Bloomberg) - Australia should impose a carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It
kathmandu opening in australia first
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 to toughen merger rules amid fight with inflation
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
watchdog gives nod to air nzvirgin australia trans tasman codeshare
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
australia a standout for mainfreight
Mainfreight’s Australian pre-tax profit has more than doubled in its first 17 weeks of trading this financial year as the global logistics group grabs market share across the Tasman. Australia had b
fonterra australia has strike contingency plans
Fonterra Australia said it has contingency plans in place as more than 1,400 workers are planning a 48-hour strike at different Victorian processing plants from Wednesday. “We have mobilised a cr
australia philippines sign maritime accord as china rises
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
pwc australia scandal deepens staff placed on leave
By Adam Haigh PwC Australia is putting nine senior partners on leave and appointing independent directors to its board as the embattled firm seeks to claw back confidence in the wake of a tax scandal.
daylight sets sights on australia
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
lets go beverages in liquidation in australia
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
cvc advent and general atlantic why private equitys dry powder buildup will flow to nz
A merger and acquisitions expert says the arrival on Australian shores of global private equity giants and record capital raised will increase interest and investment in New Zealand. PwC partner Reg
botswana seeks brazil australia grain as el nino withers crops
(Bloomberg) -- Botswana is taking the unprecedented step of seeking grain imports from Australia and Brazil after the El Nino weather phenomenon caused the worst drought in 40 years. With the drough
australia new zealand banking group
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
intercity owner buys greyhound australia
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
google builds first subsea cable connecting africa to australia
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
eu australia sign critical minerals pact to diversify supply chains
(Bloomberg) -- Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply
australia is where the heartland is
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
sticky inflation points to more interest rate hikes for australia
Australia's trimmed mean inflation rose to 4.4% in May, putting it well above the central bank’s forecast of 4% for the full year to June. The stark reality of Australia’s growing problem with sti
china to include australia in visa waiver programme
By Kimberley Kao China will include Australia in its visa waiver programme, premier Li Qiang announced after meeting Australian prime minister Anthony Albanese in Canberra this week. “We agreed to p
consumers chinas stimulus in spotlight for australia earnings
By Georgina McKay, with assistance from Zhuo Zhang Consumer spending, China’s economic stimulus and potentially higher dividend payouts are in focus as Australia’s earnings season gathers pace thi
Finance News
Finance
Payments NZ could play key role in open banking standards
A draft decision proposes an 18-month approval, rather than the five years requested.
Finance
Singapore becomes hot spot for M&A bankers hunting Asia deals
The island is a magnet for parties interested in mergers and acquisitions.
Finance
Medicine working but business confidence continues to fall
Confidence in retail and construction rose, while other sectors were more downbeat.
*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 03 July 2024 (NZT)
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