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nz to issue sovereign green bonds
The government plans to issue sovereign green bonds from next year to help raise funds for New Zealand’s low carbon transition. “Green bonds will enhance the development of New Zealand’s susta
macquarie rules out buying heathrow stake telegraph reports
By Henry Ren (Bloomberg) -- Macquarie Group Ltd has ruled out purchasing a stake in London’s Heathrow airport, putting a sale of the UK hub at risk, the Telegraph reported. The Australian investm
nz super fund awarded perfect score in latest gsr scoreboard
The New Zealand Super Fund has been awarded a “perfect score” in the latest governance, sustainability, resilience (GSR) scoreboard published by international sovereign wealth fund experts GlobalS
ares raises 27 billion for australia private credit fund
(Bloomberg) -- Ares Management Corp has raised A$2.6 billion (NZ$2.7b) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leve
us federal debt heads towards more than 100 of gdp
(Bloomberg) - The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last year to 116% by 2034 – higher even than in World War
abu dhabi investment fund exits precinct in 262m deal
The Abu Dhabi Investment Fund, one of the largest sovereign wealth funds in the world, has sold its entire $262 million stake in listed property developer Precinct Properties. In a disclosure to the N
business of tech podcast tariff free digital trade may soon end
Since 1998, there has been a global moratorium on charging tariffs for digital services, but that may soon come to an end, depending on what happens at the World Trade Organisation conference this mon
elon musk and jamie dimons ai predictions
By Joseph de Avila One of the world’s richest people and the head of the nation’s largest bank are joining a chorus of business executives making bold prognostications about the potential of art
megaprojects in the desert sap saudi arabias cash
By Eliot Brown, with assistance from Summer Said and Ben Dummett Saudi Arabia has been a conveyor belt of flashy spending plans over the past year: a US$48 billion (NZ$77b) property development anch
business of tech podcast the value of ai built by kiwis for kiwis
What exactly is sovereign AI and why would we want it? Machine learning and artificial intelligence expert Kiarie Ndegwa has been in the trenches with the tech for a decade, including working on Te H
gas sector needs charm not intervention says shane jones
Resources minister Shane Jones says he is not considering government intervention in the oil and gas sector but is going overseas to try to entice international players back to New Zealand. When he to
lets join the canadians and build national ai capacity
Nearly a decade into his tenure as Canada’s prime minister, Justin Trudeau suffers a severe case of third term-itis. Trudeau last month survived a vote of no confidence brought by the opposition Con
blackrocks president sees markets primed for a comeback
(Bloomberg) – BlackRock Inc’s co-founder sees markets primed for a comeback. There’s almost US$9 trillion (NZ$15.3tn) right now sitting in money market funds, and the same amount sitting in c
kiwibank credit rating outlook upgraded with sovereign
By Paul McBeth July 11 (BusinessDesk) - Government-owned lender Kiwibank has had the outlook on its credit ratings upgraded by Fitch Ratings as a result of its upbeat assessment of the sovereign earli
from 73b to 830b us pension plan poaches kiwi
Stephen Gilmore, the chief investment officer of the New Zealand Superannuation Fund, has been poached to take up the same role at the California Public Employees' Retirement System (Calpers), the US'
worlds biggest construction project gets a reality check
By Eliot Brown and Rory Jones The engineers saw a mountain-sized problem. For weeks, thousands of trucks and diggers had worked 24 hours every day, scooping millions of cubic feet of sand at the w
anglo considers sale of diamond unit de beers
By Julie Steinberg Miner Anglo American is considering a sale of De Beers, its storied diamond unit that has recently struggled, according to people familiar with the matter. The London-listed compa
uk real estate we need to talk about capital gains taxes
By Stuart Trow The most unfortunate thing about the unedifying squabble in the UK over the sale by the Labour party deputy leader of her former council house is that it has politicised a useful and ef
nz sovereign rating can absorb higher fiscal spending sp
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
aia sees growth opportunities in lifting insurance cover in comminsure sovereign buy
By Paul McBeth Sept. 21 (BusinessDesk) - AIA Group, the Hong Kong stock exchange-listed life insurer, wants to beef up life insurance cover across Australasia and broaden its distribution networks wit
cbas asb full year profit rises 13 on smaller impairments sovereign attracts suitor
By Paul McBeth Aug. 9 (BusinessDesk) - Commonwealth Bank of Australia's New Zealand earnings were boosted by a 13 percent gain in ASB Bank's cash profit as the kiwi lender benefited from smaller charg
cba sells comminsure sovereign to aia group for a38 billion
By Paul McBeth Sept. 21 (BusinessDesk) - Commonwealth Bank of Australia has sold its trans-Tasman life insurance businesses CommInsure Life and Sovereign Assurance for A$3.8 billion to global insurer.
sovereign appoints asb executive nick stanhope as new boss
By Sophie Boot March 2 (BusinessDesk) - Sovereign Assurance, New Zealand's biggest life insurer, has appointed Nick Stanhope as chief executive. Stanhope comes to the role from Sovereign's parent ASB.
sovereign debt costs to double by 2025
By Greg Ritchie Sovereign debt costs are expected to double over the next three years, putting governments increasingly at the mercy of bond investors, according to Janus Henderson Group. Government
sp rates nz ahead of tuesdays economic and fiscal update
With just over a month to go before the election, rating agency S&P Global has given a favourable report card on the state of play with the New Zealand economy. The agency said it expects NZ’s fisca
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*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 09 May 2024 (NZT)
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