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NZ dollar falls against British pound

Article – BusinessDesk

The New Zealand dollar tumbled against the British pound after Ireland’s prime minister said a Brexit deal by Oct. 31 is possible. Read more »

MARKET CLOSE: NZ shares fall; Sky routed

Article – BusinessDesk

New Zealand shares fell as Sky Network Television was routed by the loss of its rights to broadcast domestic cricket matches, the stock slumping to an all-time low in heavy trading. Read more »

NZ dollar rises as US-China trade negotiations dominate

Article – BusinessDesk

The New Zealand dollar firmed slightly after being batted hither and yon by news reports emanating from the China-US trade negotiations. Read more »

ASB sells Aegis investment administrator to MMC

Article – BusinessDesk

ASB Bank says it has sold its investment administration and custody business Aegis to MMC, a specialist outsourcing and investment administration business based in Auckland, for an undisclosed sum. Read more »

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 »

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