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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
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'
megaprojects in the desert sap saudi arabias cash
By Eliot Brown, with assistance from Summer Said and Ben Dummett Saudi Arabia has been a conveyor belt of flashy spending plans over the past year: a US$48 billion (NZ$77b) property development anch
anglo considers sale of diamond unit de beers
By Julie Steinberg Miner Anglo American is considering a sale of De Beers, its storied diamond unit that has recently struggled, according to people familiar with the matter. The London-listed compa
business of tech podcast the value of ai built by kiwis for kiwis
What exactly is sovereign AI and why would we want it? Machine learning and artificial intelligence expert Kiarie Ndegwa has been in the trenches with the tech for a decade, including working on Te H
blackrocks president sees markets primed for a comeback
(Bloomberg) – BlackRock Inc’s co-founder sees markets primed for a comeback. There’s almost US$9 trillion (NZ$15.3tn) right now sitting in money market funds, and the same amount sitting in c
millions in the mist funds for foreign affairs cloud project allegedly mismanaged
The chief information officer of the Ministry of Foreign Affairs and Trade, Carol Abernethy, has resigned and now sources within the IT industry and government allege money for a $33 million cloud com
macquarie rules out buying heathrow stake telegraph reports
By Henry Ren (Bloomberg) -- Macquarie Group Ltd has ruled out purchasing a stake in London’s Heathrow airport, putting a sale of the UK hub at risk, the Telegraph reported. The Australian investm
infratil has 800m to play with
Infrastructure investor Infratil says it has $820 million to play with and fund growth. The New Zealand Exchange-listed (NZX) firm reported its full year result for the year to March 31 on Tuesday a
exemption for mfat on budget cuts isnt acceptable taxpayers union
The Taxpayers’ Union says the Ministry of Foreign Affairs and Trade should not be exempt from a government-wide cost-cutting drive until it fixes issues around how costs were managed on a $33 millio
blackrock yet to make investments from nz climate fund
Global investment manager BlackRock has yet to make any investments via its dedicated New Zealand climate fund, which was announced with significant fanfare by former prime minister Chris Hipkins last
canadas rua gold gets exploration approval from doc
A Canadian-listed mining company says it has received permission from the Department of Conservation to explore for gold in 4600 hectares of Coromandel bush. In a statement to the Canadian Securities.
business of government musical chairs at the top the second coming of ppps and more
What’s really behind the latest inquiry? On Monday, prime minister Christopher Luxon said the allegations surrounding the possible misuse of personal data by Te Pāti Māori (TPM) were serious enoug
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
saudi arabia to raise billions in fresh aramco stock sale
By Ben Dummett Saudi Arabia is likely to announce as soon as this week plans to sell US$10 billion (NZ$16.2b) to US$20b worth of stock in Aramco, its crown jewel and the world’s most valuable oil
worker sues nz trade and enterprise in us over loss of job alleged discrimination
A former American employee of New Zealand Trade and Enterprise has filed legal proceedings in the US alleging that the agency discriminated against him for taking leave to care for his disabled mother
right wingers out to remake the eu but theyre split on how
By Laurence Norman Right-wing nationalist parties look set to surge in elections across Europe ending on Monday (New Zealand time), but the shock wave will travel slowly due to rifts among the politic
current account deficit narrowing more slowly than predicted
New Zealand’s current account deficit narrowed at a slower pace in the March 2024 quarter than the Reserve Bank of New Zealand and Treasury forecast. Statistics NZ’s balance of payments data serie
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
nz cleantech companies plan 400m in capital raises by march 2025
New Zealand “cleantech” companies have plans for $400 million worth of capital raises in the year to March 2025, according to a new survey. The actual figure for the sector could be considerably h
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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