City Wellington Financial News

10.08 / 08:33

COST Gap ANZ track country New Zealand regulator fingers banks’ ‘persistently high profitability’

The “persistently high profitability” of Australia’s banks operating in New Zealand will be under increased scrutiny after the country’s competition regulator drew attention to the issue as it prepares for a major inquiry.

31.07 / 13:19

UPS FIVE Progressive Ball stage star Australia destroy Canada to surge into World Cup last 16

Australia surged into the Women's World Cup last 16 on Monday with Hayley Raso scoring twice in a 4-0 battering of Canada as Nigeria joined them in the knockout phase. Olympic champions Canada were dumped out at the hands of a fired-up Australian team who knew they had to win in Melbourne to progress. They did it in style, their big victory putting them through as Group B winners, meaning they will probably avoid European champions England in the next round.

21.07 / 20:08

Citi FIVE Mobile social rock Brazilian petrochemical company settles with city where mining destroyed entire neighborhoods

Brazil’s petrochemical giant Braskem says it has reached a $356 million settlement with a coastal city where four decades of the company’s rock salt mining destroyed five urban neighborhoods and displaced tens of thousands of people

03.07 / 16:05

Cooper Career Department Vice Admiral Atul Anand takes over as Additional Secretary of Department of Military Affairs

Atul Anand took over as Additional Secretary of Department of Military Affairs on Monday, the Defence Ministry said. The post was previously held by Lt Gen Anil Puri, who retired on February 28 this year, the ministry said in a statement.

07.08 / 13:01

UPS Lowe's Weak Growth, Tight Job Markets Are a Global Phenomenon

From Berlin to Tokyo to Wellington, economic growth is slowing or turning negative across advanced economies, yet labor markets remain historically tight.

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