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.
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Category : News
S&P Global Ratings reaffirms New Zealand’s AA+ rating
Credit rating agency S&P Global Ratings has reaffirmed New Zealand’s AA+ rating with a stable outlook because of how well the country has handled the pandemic.
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Russia-Ukraine conflict pushes global oil prices, with flow-on effects for New Zealand
While the government says New Zealand does not rely on Russian oil, the global oil price is expected to continue rising as the conflict with Ukraine worsens.
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West Coast economy overcomes Covid-19, flooding fears
The West Coast economy grew strongly in the last year, despite the ongoing impact of Covid-19 and flooding in Buller.
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Tourism Holding reports $4.4 million half-year loss
Campervan and tourism operator Tourism Holdings has reported another first half loss, as the pandemic continues to curtail the sector’s operations.
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Port of Tauranga lifts half-year profit to $56.3m
The country’s biggest port increased its profit in the face of supply chain disruptions, as it handled more containers, dairy and kiwifruit exports, which offset a slide in log traffic.
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Inflation largely driven by factors out of New Zealand’s control – RBNZ governor
The head of the Reserve Bank says oil prices have been the most notable driver of inflation pressures for New Zealand.
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TVNZ’s half-year profits plunge
Television New Zealand’s first half profit is down 55 percent, with a substantial increase in spending on local content and other expenses.
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Update: 10 March 2022
With Omicron making its way into communities across Tāmaki Makaurau, some Auckland Council sites and facilities need to operate limited services, shorter hours or face temporary or short-term closures.
Director of Customer and… Continue reading
Council saves $12.8 million with technology innovation
Auckland Council has saved $12.8 million in IT costs by developing its own multi-cloud data centre platform, and there are more savings to come. The council’s director of IT, Mark Denvir, reported the success to the Value for Money committee last… Continue reading