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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
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
nz eu fta is all about like minded partnerships
Defence Minister Judith Collins’ recent visit to Brussels underscored just why the European Union was so keen to ink a free trade agreement with New Zealand. Collins was in Belgium to attend a North
australiansuper ratchets up us expansion moves
By Rod James AustralianSuper, one of the fastest-growing pension plans in the world, has moved a pair of top executives to New York and made several senior US hires as it aims to become a major privat
james shaw says lng terminal not solution to energy crunch but sunshine hydro could help
Former Greens co-leader James Shaw says importing liquefied natural gas is not a solution to NZ’s electricity problems, but believes his new gig offers the type of solution that could help. “I t
aussie shares rally to rebound from losing streak
The Australian share market rallied in a strong session on Thursday that made up nearly all of its losses from its three-day losing streak. The benchmark S&P/ASX200 index finished near the highs of th
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'
oil and gas exploration ban repeal bill introduced
A bill repealing the offshore oil and gas exploration ban has been introduced under parliamentary urgency and will be sent to a select committee for consideration. In 2018, the Labour-led Government b
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
nz could whet singapores appetite for food and energy security says shane jones
New Zealand could play a role in meeting Singapore’ appetite for energy and food security, and attract direct investment to this country at the same time, says Resources Minister Shane Jones. The mi
trade minister to attend g20 meeting in brazil
Trade Minister Todd McClay is attending the Group of Twenty trade and investment ministerial meeting in Brasilia next week. He will also be leading a business delegation, including Auckland Mayor Wayn
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
reading the tea leaves
Tasseography Tasseography is a fortune-telling practice that involves interpreting the shapes and patterns left in a teacup to predict the future or gain insight into the past or present. Said another
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
a few of my favourite things
My Favourite Things is a song composed by renowned songwriting duo Richard Rodgers and Oscar Hammerstein II for The Sound of Music, which premiered on Broadway in 1959 and as a multi-Oscar-winning m
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
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 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 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 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
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
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