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Monthly Archives: May 2022

‘Lack of transparency’ to income insurance scheme concerns accountants

May 5, 2022 by RNZ Business Headlines

The scheme, designed by the government, Business New Zealand, the Council of Trade Unions, would pay workers who had lost their job up to 80 percent of their wages for up to seven months.

Posted in News, RNZ business.

Mortgage demand drives lift in BNZ profits

May 5, 2022 by RNZ Business Headlines

Another major retail bank has reported a solid lift in profits on the back of growth in mortgage lending, low bad debts and costs, and is confident borrowers can cope with a slower housing market and higher interest rates.

Posted in News, RNZ business.

Air NZ succeeds in raising $1.2b equity

May 5, 2022 by RNZ Business Headlines

Air New Zealand has successfully completed its $1.2 billion equity raise, which will be used to repay its government loan and strengthen its financial position for recovery.

Posted in News, RNZ business.

Thank you, Auckland – your feedback on our Annual Budget

May 5, 2022 by Auckland city news

More than 11,500 Aucklanders had their say in the consultation on Auckland Council’s 2022/2023 Annual Budget, almost triple the number of responses received in the preceding annual budget consultation.
Councillor Desley Simpson, Chair of the council’s…

Posted in News.

US makes biggest interest rate rise in 22 years

May 5, 2022 by RNZ Business Headlines

The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices.

Posted in News, RNZ business.

Consultation finds strong support for Climate Action Targeted Rate

May 5, 2022 by Auckland city news

Aucklanders overwhelmingly back a proposed Climate Action Targeted Rate (CATR) to help combat the climate crisis, according to consultation.
Public consultation on Auckland Council’s proposed Annual Budget 2022/2023 took place between 28 February and 28…

Posted in News.

Board joins FIFA in Papakura football project

May 5, 2022 by Auckland city news

Papakura City Football Club has been granted almost $40,000 to help improve facilities at its McLennan Park clubrooms ahead of the Women’s World Cup in 2023.
The park has been selected to act as a base and training centre for one of the teams drawn to…

Posted in News.

Unspent funds used to back Franklin groups

May 5, 2022 by Auckland city news

The Franklin environment will benefit from money that has gone unspent because of restrictions or difficulties created by the COVID-19 pandemic.
Franklin Local Board has reallocated more than $55,000 in funding almost equally between three areas, the…

Posted in News.

Unemployment remains at 3.2% record low, wages rise

May 4, 2022 by RNZ Business Headlines

Unemployment has stayed at a record low of 3.2 percent, while wages rose more than 3 percent compared to a year ago.

Posted in News, RNZ business.

ANZ posts $1.1b first-half profit

May 4, 2022 by RNZ Business Headlines

The country’s biggest bank’s net profit is up 18 percent on the year earlier, but sees challenges ahead amid rising inflation and interest rates.

Posted in News, RNZ business.
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