UPDATE: Pushpay plans for US listing, capital raising but commits to NZX
(Updates with detail of US stock exchange plans in paras 1 and 4, updates share price) By Sophie Boot Nov. 16 (BusinessDesk) - Pushpay Holdings, the mobile payments app company, says it's planning on a US listing and likely a capital raising within the next 15 months, but t...
MARKET CLOSE: NZ shares down on Genesis, Mainfreight falls, Xero bounces
By Sophie Boot Nov. 15 (BusinessDesk) - The New Zealand benchmark index dipped back below 8,000 as Genesis Energy and Mainfreight dropped, while Xero recovered somewhat from recent selling. The S&P/NZX50 Index fell 8.06 points, or 0.1 percent, to 7,999.94. Within the index,...
RBNZ lifts Westpac NZ's regulatory capital requirements after compliance failure
By Sophie Boot Nov. 15 (BusinessDesk) - The Reserve Bank has lifted Westpac New Zealand's minimum regulatory capital requirements after it failed to comply with obligations relating to its status as an internal models bank. The central bank accredits internal models banks...
Rabo NZ chief Daryl Johnson resigns after less than two years in the job
By Sophie Boot Nov. 15 (BusinessDesk) - Rabobank New Zealand chief executive Daryl Johnson has resigned, less than two years after taking over the reins of the rural lending specialist. Johnson's resignation will take effect on Dec. 22, and Rabobank NZ has commenced a proc...
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