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nz to issue sovereign green bonds
The government plans to issue sovereign green bonds from next year to help raise funds for New Zealand’s low carbon transition. “Green bonds will enhance the development of New Zealand’s susta
environmental protection authority technically insolvent over 10m govt loan
The Environmental Protection Authority is now technically insolvent because it has a $10 million government loan to manage the new fast-track approvals process. The authority (EPA) wasn’t keen on ta
greymouth jawbones govt and banks on gas find
Greymouth Petroleum is warning the Government not to make the regulatory regime for gas producers more difficult and urging the country’s banks to back the sector as it seeks to supplement dwindling
nz super fund awarded perfect score in latest gsr scoreboard
The New Zealand Super Fund has been awarded a “perfect score” in the latest governance, sustainability, resilience (GSR) scoreboard published by international sovereign wealth fund experts GlobalS
being ai still acquisition focused despite hitches
Being AI still has an acquisition strategy at its core, despite three attempts this year not coming to full fruition. The New Zealand Exchange-listed company (NZX) completed one of four acquisitions a
from 73b to 830b us pension plan poaches kiwi
Stephen Gilmore, the chief investment officer of the New Zealand Superannuation Fund, has been poached to take up the same role at the California Public Employees' Retirement System (Calpers), the US'
outlook 2025 nzs credit ratings face pressure
Back in September I wrote that the potential for a credit rating downgrade will linger over the coming year. “A deeper economic adjustment will make the Government’s projected return to surplus ch
nz posts parcel business is booming
New Zealand's national mail carrier was rushed off its feet when people turned to online shopping during covid, but this year’s peak parcel season is breaking those records. The good news came just
nz is divided not united
Westpac economists released a really good piece last week noting that while New Zealand’s sovereign credit rating is one of the highest in the world, “external and fiscal metrics mean that NZ is v
xi jinping muzzles chinese economist who doubted gdp numbers
At a Washington forum last month, a prominent Chinese economist raised doubts about Beijing’s economic management and said China’s economy might have grown at less than half the roughly 5% pace fl
london calling for the nz superannuation fund
The New Zealand Superannuation Fund should consider opening an international office, potentially in London, to improve its access to private market investment opportunities, according to a five-yearly
luxon tries to set the scene for a new conversation on the economy at his state of the nation
Like a chief executive suddenly confronted with the prospect of an earnings downgrade announcement, Prime Minister Christopher Luxon seems to be hunting around for any growth that might make the books
pms summit hastens new overseas investor regime
The Cabinet has signed off a new set of rules for foreign investors, with Prime Minister Christopher Luxon now in the planning stages of their announcement. After a long tussle between the Act and New
kiwibank credit rating outlook upgraded with sovereign
By Paul McBeth July 11 (BusinessDesk) - Government-owned lender Kiwibank has had the outlook on its credit ratings upgraded by Fitch Ratings as a result of its upbeat assessment of the sovereign earli
ai on a budget deepseeks disruption and nzs opportunity
Chinese artificial intelligence company DeepSeek is disrupting the soaring share price trajectory of the great technology disruptors, and there are some lessons in it for New Zealand Inc. One of the w
learning from mar a lago scott morrisons trump playbook for nz
In a sea of pessimism about Donald Trump at the University of Waikato Economics forum this year, former Australian Prime Minister Scott Morrison strikes an upbeat note. And why wouldn’t he? Unlike
potential sale of sailgps nz team could break records
The ever-increasing number of eyes on SailGP’s races, a host of new global sponsors and the acquisition of the US SailGP team have raised hopes that New Zealand’s national team will one day be sol
one good trump idea we should steal
Much Ado About Nothing, The Taming of the Shew, and The Comedy of Errors are a few of the 16 comedies William Shakespeare wrote between 1598 and 1610. I’m still deciding which one we (New Zealand)
nz sovereign rating can absorb higher fiscal spending sp
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
aia sees growth opportunities in lifting insurance cover in comminsure sovereign buy
By Paul McBeth Sept. 21 (BusinessDesk) - AIA Group, the Hong Kong stock exchange-listed life insurer, wants to beef up life insurance cover across Australasia and broaden its distribution networks wit
cbas asb full year profit rises 13 on smaller impairments sovereign attracts suitor
By Paul McBeth Aug. 9 (BusinessDesk) - Commonwealth Bank of Australia's New Zealand earnings were boosted by a 13 percent gain in ASB Bank's cash profit as the kiwi lender benefited from smaller charg
cba sells comminsure sovereign to aia group for a38 billion
By Paul McBeth Sept. 21 (BusinessDesk) - Commonwealth Bank of Australia has sold its trans-Tasman life insurance businesses CommInsure Life and Sovereign Assurance for A$3.8 billion to global insurer.
sovereign appoints asb executive nick stanhope as new boss
By Sophie Boot March 2 (BusinessDesk) - Sovereign Assurance, New Zealand's biggest life insurer, has appointed Nick Stanhope as chief executive. Stanhope comes to the role from Sovereign's parent ASB.
sovereign debt costs to double by 2025
By Greg Ritchie Sovereign debt costs are expected to double over the next three years, putting governments increasingly at the mercy of bond investors, according to Janus Henderson Group. Government
tough choices to make about the future of industry nz steels robin davies
New Zealand Steel's chief executive, Robin Davies, says the country has some tough decisions to make about the future of the industry, which could have major flow-on effects on supply chains. The comp
Finance News
Finance
Officials MIA on banking competition, say critics
Over-regulation of the banking sector is blamed for stifling competition.
Finance
Heartland declares $49.6m impairment in NZ business
Heartland Group shares fell 12% in early trading.
Finance
Big banks scrubbing public mentions of DEI
Citigroup and others seek to avoid possible litigation and federal probes.
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