A major overhang has been settled at the Westpac Banking Corporation (ASX:WBC) after it agreed to pay a $1.3 billion penalty in relation to the breaches of Anti-Money Laundering and Counter-Terrorism Financing Act 2006. In November 2019, the civil...
Summary The banking sector stepped up and backed customers with liquidity facilities and mortgage deferrals amid COVID-19. While WBC has lately reduced merchant fees to 0.6% on contactless debit transactions, ANZ reported a fall in its profits ...
Summary Centuria Capital’s takeover bid for Augusta is now unconditional, with Augusta shareholders to receive NZ$ 0.22 in cash along with 0.392 Centuria stapled securities for each Augusta share. Acceptances to Centuria’s full take...
Summary COVID-19 outbreak has led to liquidity challenges, persuading companies to raise additional equity and debt funding to strengthen their balance sheet. TrueScreen, Vista, & Comvita became few of the fortunate companies to raise capit...
Summary The $100 million tourism 'accelerator' fund is designed to boost the tourism industry and the economy by investing in businesses or projects that can pull tourists to New Zealand. The fund is directed only at new projects which will dri...
Summary Foley Wines Limited has announced a multi-million-dollar investment at Te Kairanga in Martinborough, to boost its Lighthouse Gin brand and leverage on the growing tourism surge in the Wellington region in New Zealand The Te Kairanga pro...
Summary Insurance companies have supported their customers with an array of measures to secure the customers against the financial impact of COVID-19. Insurance businesses have seen a shift in customer preferences towards online mode. Companie...
Summary New Zealand is expected to soon move to Alert Level 1, ahead of schedule Entire NZ stock exchange, except consumer staples index, closed in green zone, majorly highlighting optimism around the country’s successful containment of t...
Summary With NZ economy opening up in a phased manner, stocks have started to regain strength The outbreak of coronavirus is likely to promote cashless and contactless payments, benefiting the companies operating in this space New Zealand ...
Summary While New Zealand is one of the few countries to have handled the coronavirus spread with a degree of success, the pandemic has had an impact on the country’s economy. With extended lockdowns, the businesses came to a halt with li...
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