Wednesday, 26 Jan 2022

Business

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Six years on, Ryman continues to lose battle to develop Mt Eliza site

New Zealand’s largest listed retirement company is continuing to try to get $200 million-plus Australian village plans approved, despite moves by authorities and locals to protect the site as a green belt. In 2016, Ryman Healthcare bought the 8.9ha Moondah Estate in Mt Eliza, 45 minutes from Melbourne, indicating then the development would mean it […]

Mark Fowler: Further rate rises could lead to unexpected outcomes

OPINION: In the second half of last year, economists en masse moved from only a relative moderation in monetary support needed to a now accelerated raising of interest rates required. In fact, only last week, one of our major banks increased their OCR (official cash rate) target to 3 per cent (previously 2.5 per cent), […]

Diana Clement: Avoid worst-case financial scenarios

OPINION: Many personal financial disasters are completely avoidable. We think we’re 10ft tall and bulletproof. A little pre-planning can prevent awful disasters. Those disasters come in many forms. The “new relationship” is a classic one where a partner can siphon off a lifetime of savings. Financial adviser Steve Morris of Trilogy Financial Solutions was involved […]

Brian Fallow: Why worry about the economy? Let me count the reasons

OPINION: Businesses chasing the consumer’s dollar are liable to find 2022 hard going. Several influences on people’s ability and willingness to spend come to mind which are downright negative or at least uncertain. They are: inflation and the Reserve Bank’s response to it; the impact of the Omicron variant and any public health measures to […]

Singapore lists first SPAC as Asia investors warm up to blank check firms

SINGAPORE (Reuters) – A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type.An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su/FilesThis came […]

COVID-19: Credit Suisse chairman Antonio Horta-Osorio resigns nine months into role after bank probe finds he breached quarantine rules

Credit Suisse’s chairman has resigned just nine months into the role after breaching COVID-19 quarantine rules – in fresh controversy for the global investment bank as it recovers from a string of scandals. Antonio Horta-Osorio’s departure was announced by the Switzerland-based lender on Monday in an abrupt move that comes less than a year after […]

28-year-old developers plan $55m scheme in blue-ribbon Auckland area

Two 28-year-old developers are planning a $55 million housing project in one of the country’s most expensive suburbs. But because their scheme doesn’t comply fully with the Auckland Unitary Plan, a limited number of people are being invited to give feedback by early next month. Matthew Horncastle and Blair Chappell of Williams Corporation want to […]