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Directors urged to improve understanding of climate change

Article – BusinessDesk

Company directors are not as aware of climate change challenges as they should be and risk leaving their firms insufficient time to respond, says Karen Silk, deputy chair of the Sustainable Business Council. Read more »

Consumers face steeper meat prices

Article – BusinessDesk

New Zealand consumers are getting squeezed as Chinese buyers scour the world for animal protein, pushing up prices after African Swine Fever decimated Asia’s pork industry. Read more »

Memo to Oz-owned banks: resistance on IRB models is futile

Article – BusinessDesk

The big four Australian-owned banks ought to have realised in February that it was futile to resist the Reserve Bank’s intention to severely restrict the competitive advantage they gain from using their own internal models to calculate capital. Read more »

Sky shares plunge as Spark steals cricket rights

Article – BusinessDesk

Sky Network Television shares plunged below $1 for the first time in its 21 years as a listed company after Spark New Zealand pulled the rug out from under the pay-TV operator in securing cricket broadcasting rights. Read more »

Risk frameworks need ‘fundamental rethink’ on climate

Article – BusinessDesk

New Zealands risk and resilience frameworks need a fundamental rethink if communities are going to adapt to the greater potential risks arising from climate change, Local Government New Zealand says. Read more »

NZ dollar dips on easing US-China tensions

Article – BusinessDesk

The New Zealand dollar was slightly weaker as the greenback benefited from reduced tensions between the US and China ahead of tomorrows trade talks. Read more »

FMA cage-rattling sees Westpac pledge to cut KiwiSaver fees

Article – BusinessDesk

The Financial Markets Authority is broadening its focus to consider whether KiwiSaver investors are getting value for money but it still believes the cost of managing that money should be cheaper. Read more »

MARKET CLOSE: NZ shares fall as trade concerns resurface

Article – BusinessDesk

New Zealand shares fell as fears over the US-China trade war re-emerged and weighed on investor confidence across the region. The Fonterra Shareholders’ Fund’s recent rally also took a breather. Read more »

NZ dollar firms as hopes for US-China trade talks sour

Article – BusinessDesk

The New Zealand dollar was slightly stronger as hopes sour for a positive outcome from this week’s trade negotiations between China and the United States. Read more »

Chorus appoints former NBN exec JB Rousselot as new CEO

Article – BusinessDesk

Chorus has looked across the Tasman for someone to take over the reins, hiring former NBN executive JB Rousselot as chief executive effective from Nov. 20. Read more »

OPINION: The elephant in RBNZ’s bank capital room

Article – BusinessDesk

The most surprising thing about the Reserve Bank’s proposed new bank capital rules remains that nobody has attempted to explain why we shouldn’t believe the results of the RBNZ’s own stress-testing of the major banks. Read more »

National Party open to higher methane targets

Article – BusinessDesk

Methane reduction targets proposed as part of the countrys climate change response should be determined by the Climate Commission, even if that results in higher thresholds than those proposed now, National Party climate change spokesman Scott Simpson says. Read more »

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