New Zealand Financial News

A union-backed inquiry into price gouging led by former competition watchdog boss Alan Fels will specifically examine Qantas and the aviation sector, ACTU secretary Sally McManus said.

Cab aggregator Ola doubled its revenue in the financial year March 2022, reflecting a recovery from the widespread disruptions caused by the pandemic to the mobility business globally. The company, led by co-founder and chief executive Bhavish Aggarwal, posted a consolidated operating revenue of Rs1,970.4 crore in FY22, rising from Rs983.2 crore in the year before, showed its latest annual filings with the Registrar of Companies. The improved financial performance came amid an easing of covid-induced lockdowns and a gradual recovery in travel demand.

Global stocks climbed while Treasuries traded flat as investors awaited US inflation data for cues on the Federal Reserve’s next steps. European gas prices advanced on concern about potential industrial action in Australia. 

E&P Financial is beefing up its equity capital markets business with a key hire, bringing on Credit Suisse head of ECM Hamish Whitehead.

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.

Insurers are the unlikely stars of this profit season, prized by investors for their ability to push higher premiums on to policyholders, after years in the equity market wilderness.

Zip has appointed Cynthia Scott as its new chief executive, with co-founder Peter Gray moving to head the buy now, pay later group’s Australian and New Zealand division.

dollar held near the centre of its range this week against a basket of major peers, as investors awaited key U.S. inflation data later Thursday that could influence the path for Federal Reserve policy. The U.S.

inflation data that could provide clues to investors on Federal Reserve’s monetary policy path. The S&P 500 fell 31.47 points, or 0.70%, at 4,467.91 points. The Dow Jones Industrial Average dropped 186.92 points, or 0.53%, at 35,127.57.

The Native American Journalists Association is aiming to become more inclusive as its members vote on whether to rebrand as the Indigenous Journalists Association

Pemba Capital is seeking its payday at its insurance premium funding business, Arteva Funding, which it bought just over two years ago.

Boardmasters 2023 begins on Wednesday, August 9, 2023, in Cornwall, England. The popular music festival will be held across two venues in Newquay, Cornwall. Let’s take a look at the details and the line-up for Friday, August 11, which has some interesting artists performing.

The much-awaited encounter between India and Pakistan in the ICC Men's Cricket World Cup 2023 has been rescheduled to a different day, along with this eight other matches of the tournament have also been changed. The clash between India and Pakistan was originally slated to take place in Ahmedabad on Sunday, 15 October, but this has been moved a day earlier and will now be held at the same venue on Saturday, 14 October.

Export rule liberalization – 78% respondents cited this as the most needed. To illustrate, while the Central Board of Indirect Taxes and Customs issued a defining circular in September 2021 clarifying doubts on the scope of intermediary services, the benefit is yet to be fully witnessed with certain categories of exporters in the IT/ITeS and data hosting services sector still being continually questioned, resulting in prolonged litigation and the delay in refund resulting in working capital blockages.

banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders. The S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49.

Jamaica's Women's World Cup run might be over for now, but the team's fight for support back home continues.The Reggae Girlz were disbanded 15 years ago when the Jamaican federation cut funding for the team. Revived in 2014, they've scrapped for resources ever since. Jamaica's performance at the global tournament in Australia and New Zealand may be turning that around. The Reggae Girlz became the first Caribbean nation to reach the knockout round, advancing in just their second appearance. The campaign came to an end on Tuesday night when Jamaica fell to Colombia 1-0 in Melbourne. Catalina Usme's goal was the only one that the Reggae Girlz conceded over the course of the tournament. «We've put ourselves on the map and we've showed what we can actually do,» goalkeeper Becky Spencer said. “I think with more funding and more resources, it just shows you what kind of team that we've got and we can only get better. I'm hoping that the federation starts to take us seriously and just pays attention to what we're doing out here.”

An Australian technology investor has entered a partnership with a UK-based investment banking and advisory shop, in a bid to match local tech companies with overseas sources of capital.

New Zealand’s government says it will partner with U.S. investment giant BlackRock as it aims to become one of the first nations in the world to have its electricity grid run entirely from renewable energy

As the tournament progresses, top teams like the USA, Canada, and Germany remain strong contenders, setting the stage for exciting quarter-final matches later this week.

By Gertrude Chavez-Dreyfuss and Samuel Indyk

Investment bankers can expect another year of weak bonuses as Wall Street firms succumb to a global slump in dealmaking.