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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
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
being ai buys half of it company spectrum for 33m
Being AI Group will acquire 50% of Spectrum Consulting for $3.3 million and facilitate $1.5m for Spectrum’s management team to acquire the remaining stake. The total value of the acquisition is $6.6
alliance group likely to bring on new shareholder to strengthen balance sheet
After nearly 140 years, Timaru’s Smithfield freezing works has possibly killed its last sheep. Now its owner Alliance Group is about to appoint investment bankers to help scout out a new equity part
defence of the dark arts
DADA, or Defence of the Dark Arts, was a course taught initially by Quirinus Quirrell at Hogwarts in the Harry Potter series. It taught students how to protect themselves from various dark spells, cur
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'
us associational discrimination case against nz trade and enterprise goes to mediation
A United States federal judge has ordered parties to attend mediation in an employment case involving a New Zealand government agency’s San Francisco office. Daniel Brown, a former American employee
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
pm christopher luxon pitches irish style welcome to global investors including overseas investment act changes
Prime Minister Christopher Luxon wants to make New Zealand an easier place for foreigners to invest and part of his solution includes looking at introducing the Irish model of a concierge-style servic
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
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
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 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
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
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 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
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 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
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
close methanex import lng former todd boss richard tweedies solution for gas shortage
The best ways to address New Zealand’s energy shortage are to import liquefied natural gas and close Methanex, says Richard Tweedie, the former managing director of Todd Energy. It is one prescripti
Finance News
Finance
December interest rate cut uncertain: Fed governor
Lisa Cook says the timing of further reductions will depend on new data.
Finance
Bayly to banks: ‘Just get on with it’
Minister Andrew Bayly is impatient for the changes needed to improve competition.
Finance
‘Regulatory failure’ let NZ’s payments fall behind
NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.
*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 21 November 2024 (NZT)
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