Auckland Airport $200m share purchase plan oversubscribed
Auckland International Airport’s $200 million share purchase plan was oversubscribed, receiving about $489 million of applications.The airport received 32,619 applications at an average of $15,000. NZX data showed it had 50,965 shareholders at April 17.The offer will be scaled in...
NZBA finds a $1b mistake in lending data
The New Zealand Bankers’ Association said it has discovered that banks have lent $1 billion less than it had previously reported to businesses since the nation's lockdown to combat the spread of the coronavirus.NZBA began publishing data on bank lending on its website, update...
Construction-led inflation slowed into pandemic
The annual rate of inflation in the construction sector slowed to a 3.6 percent pace in the March quarter, from 3.9 percent for the prior quarter, according to the latest Cordell Housing Price Index.While this was well down from the cyclical peak of 6.9 percent in the last quarte...
Foreign policy review underway to support economic recovery
Foreign Minister Winston Peters tasked the Ministry of Foreign Affairs and Trade to consider how foreign policy can support the domestic economic and trade recoveries.Peters asked the ministry to consider post-covid policy priorities three weeks ago, he said in a speech today. Pe...
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