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 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 Paul McBeth July 23 (BusinessDesk) - PGG Wrightson shareholders have again given the rural services firm the thumbs up to a capital return in a tax-efficient way. Shareholders voted overwhelming
Listen to BusinessDesk's daily podcast where you will find a summary of the day's top stories. Jacques Steenkamp hosts today's episode. Listen to the daily episodes by following the podcast on iHeartR
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....
Paper Plus New Zealand has raised nearly $600,000 from its owner-operators but undersubscribed its target after issuing more than one million shares at $1 each. In July, Paper Plus NZ, which operates.
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
Retirement village operator Ryman Healthcare completed its $1 billion capital raise as the New Zealand sharemarket steadied the ship with a small loss. The S&P/NZX 50 Index made ground till a mid-afte
Auckland Council will have to make decisions on upzoning and enabling extra development capacity in the central city by May 30. Housing Minister Chris Bishop wrote to Auckland Mayor Wayne Brown on Mar
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
Hundreds of employee shareholders at fintech FNZ are fighting back, having discovered their holdings could be diluted heavily after a capital raise last year. One shareholder said the move was “gros
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....
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
Investment firm Clare Capital will pay a $150,000 settlement to New Zealand Exchange-listed Being AI over material the artificial intelligence company deemed false and defamatory. Being AI alleged an.
The founders of Invivo Wines are not ruling out another capital raise as the beverage outfit looks to grow. Founded in 2008 by Rob Cameron and Tim Lightbourne, Invivo has grown in popularity. It has t
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
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
"Okay, God, you want me to talk to you? Please send me a sign!" This is a quote from the movie Bruce Almighty, which features Jim Carrey as the lead. It’s a solid 8/10. After he yells this into hi
The Reserve Bank of New Zealand is preparing to backtrack on its implementation of capital adequacy ratios championed by its recently departed governor, Adrian Orr. Appearing before a select committee
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
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
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