By Paul McBeth July 19 (BusinessDesk) - Resolution Life may be able to wrestle more than a billion dollars from the A$3.3 billion sale price of AMP's life insurance business after a known risk came to
A plan to reform the country’s capital markets has been dropped from the Government’s most recent quarterly action plan, but Commerce Minister Scott Simpson says this doesn’t mean progress isn�
Dual-listed Australian gold miner Santana Minerals has announced an A$63 million ($69m) capital raise, including a fully underwritten placement for gross proceeds of A$60 million. The placement includ
By Fiona Rotherham Feb. 3 (BusinessDesk) - The Labour Party has urged Talley’s Group to resolve the five-month dispute between Affco and Wairoa meatworkers, saying it is causing severe financial h
By Rebecca Howard Feb. 25 (BusinessDesk) - The New Zealand dollar remained above 68 US cents as investors were hopeful the US and China will manage to hammer out a new trade deal. The kiwi was tradi
Changes to banks’ prudential capital requirements should be halted immediately, says a long-awaited report into banking sector competition from Parliament’s finance and expenditure select committe
Mobile advertising technology company Goodwood Capital Limited was incepted in 2010. It offers a full suite of mobile creative, content and technology services, empowering the world's leading brands a
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
Dual-listed Santana Minerals is on a trading halt while it “considers and executes” a proposed capital raise. The trading halt will remain in place until it makes an announcement to the market
SkyCity says it expects to make a “material announcement” regarding a capital raise, and trading has been halted on its shares. The casino chain said “no final decision” had been made around
Dairy Goat Co-operative has set itself a “formula for success”. Quite literally, in fact, given that it’s the name of the Hamilton-based, farmer-owned dairy goat processor’s five-year strategy
The Reserve Bank of New Zealand sets out two options that "materially reduce" capital requirements relative to prior decisions made in 2019, but warns the changes are not a silver bullet. “Both opti
New Zealand’s banks don’t appear at all vulnerable to the vicissitudes afflicting regional US banks and which brought down Switzerland’s second-largest bank, Credit Suisse. All are very well cap
By Rebecca Howard Jan. 18 (BusinessDesk) - New Zealand shares followed Asian markets higher on renewed hopes for a resolution to the US-China trade tensions. Trading was light with few local drivers
A capital raise and cost cuts have helped Paper Plus New Zealand refinance and return it to the right side of the ledger. Paper Plus NZ, which operates as a co-operative and acts as the retailer’s f
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
Precinct Properties is looking to form a new capital partnership involving Auckland's PwC Tower to fund further developments. Alongside Precinct's full-year result on Wednesday, chief executive Scott.
New proposals to reset New Zealand’s banking capital adequacy requirements appear to be gaining sector support, but may still encounter choppy trans-Tasman waters, experts say. “The new proposals
A large amount of the capital earmarked to be returned from Fonterra Co-operative Group’s Mainland Group divestment could be heading for debt repayment. The long-awaited deal to sell off Fonterra’
The Vikings started it. With all those sharp weapons lying around, the old Norsemen probably needed an independent third-party to settle petty internal disputes before things turned nasty. Enter the u
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
By Jenny Ruth July 18 (BusinessDesk) - The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
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