News
NZ investment managers say Russian assets not tied to Ukraine conflict
Two of the country's biggest investment managers - both state-owned - have at least $75 million invested in Russian companies.
Infratil revises underlying profit guidance
The infrastructure investor says its portfolio is relatively well positioned to withstand the pressures of a high inflation environment and the ongoing pandemic.
Publicly listed companies expected to deliver mixed earnings results
Publicly listed companies are expected to deliver a mixed bag of earnings results depending on their exposure to Covid-related disruptions and cautious outlooks for the rest of the year.
Some homeowners have been caught out by recent tax measures - expert
Chartered Accountants ANZ financial services leader says there has been no education about how tax changes affect homeowners who are not investors.
Top bosses face liability insurance hikes
Directors and officers of big and small businesses and organisations are facing hefty increases for liability insurance.
'Robo-advice' a low-cost option for financial planning
Only two firms offer low-cost computer-generated financial advice, despite it being available for four years.
Investors can expect some healthy returns despite 'muted outlook'
Investment funds are expected to deliver good returns over the coming year, despite rising inflation and interest rates.
Shortage of right-hand drive EVs slowing carbon emissions progress - MIA
The Motor Industry Association will ask the government to ease back on its targets for new vehicle carbon emissions.
Report highlights slow pace of taxpayer funded infrastructure scheme
Just over one-in-ten of the shovel ready infrastructure projects approved by government in 2020 have been completed.
NZ dollar's fall good for exporters, but will spike costs
A falling New Zealand dollar may bring more costs than benefits to the economy.
Covid-19 pandemic drives digital-first strategies and expectation of tech investments
Nearly nine-out-of-10 organisations say the pandemic has thrust a digital-first strategy to the top of priorities, with significant investment in technology expected over the next couple of years.
NZ tech sector has what it takes to attract international investment - industry boss
The tech sector says it has what it takes to woo international investors, who have come courting.
'Incredibly prescriptive' lending code ruining lives - Mortgage broker
The financial sector is calling for urgent action to make it easier for people to borrow money, suggesting restrictive new rules could be quickly amended with just a few tweaks.
Kiwis urged to pay off debts, commit to savings plan
While most New Year resolutions involved health and fitness goals, Chartered Accountants ANZ recommends cutting the credit card.
Mixed year for KiwiSaver investments reflects flat NZ share market - analysts
It has not been the best year for KiwiSaver investors, but not too bad considering the market volatility driven by the highs and lows of the pandemic.
'Expect delivery delays': Parcel volumes surge as festive season looms
Parcel delivery is up 100 percent over the pre-Covid-19 period as customers rush to get their orders in for the holiday season.
Median house prices up $100k on September's REINZ figures
House price growth remains strong with continued demand driving up last month's national median house price by $100,000 on September.
NZ tech firms' pandemic resilience: 'We were growing in really difficult times'
The biggest and smallest New Zealand tech companies have proved to be the most resilient to Covid-19 disruptions, a survey shows.
Log exports to peak before dropping more than a third within decade - Forsyth Barr
Major changes are looming for the forestry sector as the deluge of raw log exports fades amid dwindling supplies and demands increase from the building industry and other users.
Bank customers complain about new anti-money laundering laws
A growing number of well-established bank customers are frustrated by the stepped-up enforcement of anti-money laundering laws, with new rules covering consumer credit expected to upset many more of…
Investment needed in natural gas during transition to renewables - report
The country needs to invest tens of millions of dollars to ensure sufficient natural gas to cover the transition to 100 percent renewable energy by 2030, a government-commissioned report says.
Wage subsidy payments tourism heavy, with fewer large companies
Far fewer of New Zealand's largest companies have been receiving government wage subsidies since the August Covid-19 alert level lockdowns began.
New tech aims to cut time for lender to process mortgage applications
The key to Nano's technology was open banking and a process called screen scraping, which gave it access to customer banking information held by other financial institutions.
Company credit defaults rise as lockdown hits Auckland businesses hard
A sharp drop in demand for credit in the immediate response to the Covid-19 lockdowns has proven to be temporary but it is a different story for businesses.
Vector, Google X developments could be 'very strong contributor' to financial performance
Auckland energy lines company Vector is working with tech giant Alphabet's subsidiary X Development moonshot factory and other international partners to accelerate development of affordable network…