RBNZ set to buy council bonds too
The Reserve Bank signals it is ready to do more just as the Local Government Financing Authority gets ready for a bond tender.
Z cuts its dividend payout
Z Energy is the latest company to cut its dividend payout and start talking to its banks about strengthening its finances.
Increased borrowing among lower credit scores after lockdown news
People with lower credit scores increased their borrowing upon news of the lockdown, while those with higher scores dropped away.
Business wrap: RBNZ bans bank dividends
RBNZ bans bank dividends; Who is next after Bauer’s shock closure? Vital plan blocked; Commission wins in real estate price fixing case; Softbank walks out WeWork
Back to business while battling Covid
The Government should shift its mindset from a defining list of essential goods and services to defining virus-proof workplaces
Need to pay rent? Check for clause 27.5
Businesses in lockdown are looking to a previously little-considered clause in many commercial lease contracts which makes it legal to not pay some or all of their rent.
Major magazine publisher Bauer Media closing down
The publisher of some of the country’s best known magazines has folded.
Kathmandu’s 51% off share sale
Kathmandu plans $315m rights issue at 51 percent discount; Rod Duke says ‘no thanks’; Treasury hikes borrowing plan by $12b to $25b in two weeks; Pay cuts for Mediaworks and Fletcher staff
Insurers make exclusions in some new policy offers
Life and health insurers are trimming their policy offerings in the wake of the Covid-19 pandemic, because some risks linked to the virus are deemed too great.