Lightnews — Scholar-powered news

BusinessDesk @businessdesknz.bsky.social · 14h

Proposals in the Reserve Bank of New Zealand’s capital review may make the prudential requirements for smaller lenders more onerous, their association says, as it raised concerns about issues related to proportionality and conservatism.

Smaller lenders eye prudential requirements, proportionality in RBNZ review

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BusinessDesk @businessdesknz.bsky.social · 16h

Skincare company Manuka Doctor has lost its appeal to overturn a High Court ruling that allowed rival company Manuka Medic to register and maintain its trademark.

Manuka Doctor appeal dismissed as Manuka Medic keeps trademark rights

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BusinessDesk @businessdesknz.bsky.social · 18h

Electricity generators have more alternatives than industrial users in New Zealand’s stressed gas market, Gas Industry Company chair Amy Adams says in the regulator’s annual report.

Home truths on gas supply from Amy Adams, Gas Industry Co chair

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BusinessDesk @businessdesknz.bsky.social · 18h

Many people travelling past a New Zealand port with raw logs piled everywhere have wondered the same thing – why can’t we add more value to export timber?

Wood industry unveils value-added plan to double exports

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BusinessDesk @businessdesknz.bsky.social · 18h

Sharesies is in the final stages of raising more than $20 million in what its new chair, Jon Macdonald, says is an “over-subscribed” Series D capital-raising round that values the popular share trading platform operator at $750 million.

Latest capital raise values Sharesies at $750m

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BusinessDesk @businessdesknz.bsky.social · 18h

Small Cap Wrap: Listed medical group Green Cross Health has rolled out its new Care & Advice Health Hubs to 186 pharmacies in its network, aiming to provide additional services to ease the strain on the public health system.

Green Cross' healthy ambitions, PaySauce's Forbarr bump, Blackpearl, and more

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BusinessDesk @businessdesknz.bsky.social · 19h

The liquidators of a defunct property business, which lists rich-lister Graeme Hart as a creditor, have reported potential misconduct to the Registrar of Companies.

Liquidators flag ‘serious problems’ with developer that borrowed from Graeme Hart

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BusinessDesk @businessdesknz.bsky.social · 1d

Four banking commentators have taken issue over aspects of the Reserve Bank of New Zealand’s latest capital settings review, citing integral cost-to-benefit concerns, albeit on different grounds.

Cost-benefit issues in spotlight amid RBNZ capital settings review

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BusinessDesk @businessdesknz.bsky.social · 1d

New Zealand’s listed property players are optimistic about the Government's move to reform earthquake-prone building standards, but note that cost savings are expected to vary.

Listed property sector welcomes earthquake-prone building reform, says cost savings vary

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BusinessDesk @businessdesknz.bsky.social · 1d

New Zealand officials were surprised and relieved that the United States' tariffs were only 10% on most timber exports, but there is no guarantee they won’t rise further, a senior official says.

Why New Zealand's United States tariff rates could rise on a whim

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BusinessDesk @businessdesknz.bsky.social · 1d

Audit and advisory firms are largely keeping quiet over the safeguards they have in place around the use of artificial intelligence in their consulting work, even in the wake of a scandal over an error-ridden consulting report across the Tasman.

Deloitte Australia's AI scandal and the 'canary' in the consulting coal mine

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BusinessDesk @businessdesknz.bsky.social · 1d

The Government is open-minded about whether the liquefied natural gas (LNG) facility it intends to underwrite is large- or small-scale, according to the Energy Minister, Simon Watts.

LNG imports: Energy Minister Simon Watts open-minded on scale

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BusinessDesk @businessdesknz.bsky.social · 1d

The Business of Tech Podcast: This week, Peter talks to Wellington artist and animator Chelfyn Baxter and AI Zoe.

Business of Tech: Rebuilding With AI – Grief, creativity, and the rise of a digital life companion

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BusinessDesk @businessdesknz.bsky.social · 2d

The New Zealand sharemarket rose on Wednesday, driven by high-yielding companies after the Reserve Bank of NZ’s 50 basis point cut to the official cash rate. The S&P/NZX 50 Index closed up 0.27% or 37.19 points.

Reserve Bank of NZ's rate cut lifts sharemarket as high‑yield stocks climb

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BusinessDesk @businessdesknz.bsky.social · 2d

The Reserve Bank of New Zealand cut the Official Cash Rate by 50 basis points to 2.5% and stated that it was open to further rate cuts if necessary.

RBNZ cuts OCR to 2.5%, leaves door open for more

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BusinessDesk @businessdesknz.bsky.social · 2d

Cameron Bagrie: Councils have a large footprint across the economy. #opinion

Councils can’t keep spending faster than the economy grows

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BusinessDesk @businessdesknz.bsky.social · 2d

Peter Griffin: Don’t give us more AI for the sake of it. Give us better experiences. #opinion

Resist the hype and tread carefully with AI

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BusinessDesk @businessdesknz.bsky.social · 2d

South Island corporate farmer Dairy Farms NZ has made an offer to shareholders to purchase 80% of the shares at 82c.

Dairy Farms NZ sells 6 of 7 farms, last one to go next year

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BusinessDesk @businessdesknz.bsky.social · 2d

ANZ has vowed to continue fighting a class-action lawsuit alleging breaches of the Credit Contracts and Consumer Finance Act, even as rival ASB has paid a potentially record $135.6 million to settle the issue.

ANZ vows to fight CCCFA class action despite ASB settlement

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BusinessDesk @businessdesknz.bsky.social · 2d

A 25-basis point cut is baked in, so the real drama on Wednesday is whether the Reserve Bank of New Zealand doubles down with 50.

RBNZ's OCR cut decision day: Forecasts for 25bps, but 50bps in play

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BusinessDesk @businessdesknz.bsky.social · 2d

A former Wellington and Ireland rugby representative, who has been bankrupt for eight years, has been accused of stealing up to $1 million from a building products business.

Bankrupt rugby rep accused of fraud

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BusinessDesk @businessdesknz.bsky.social · 3d

Sponsored: The world is increasingly complicated and contradictory, so how can investors navigate their way through the confusion?

In a complex world, Kiwi investors can take comfort in mega forces

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BusinessDesk @businessdesknz.bsky.social · 3d

Independent jewellers are up in arms about the practices of a third-party claims specialist who they say isn’t transparent enough.

Jewellers decry lack of transparency in claims market

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BusinessDesk @businessdesknz.bsky.social · 3d

The vast majority of Alliance Group’s current shareholders have signalled they’re unwilling to tip more capital into the debt-laden co-operative and support the Dawn Meats deal, its chair says.

Alliance on tour: Leaders hit the road before Dawn Meats vote

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BusinessDesk @businessdesknz.bsky.social · 3d

David Chaplin: The number of members in all age cohorts below age 35 went down for the first time. #opinion

In the KiwiSaver departure lounge

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