Stories by Madison Reidy
News
Rejected Resolution, AMP A$3.5b deal their own fault - RBNZ
The collapse of a multi-billion dollar deal to sell AMP's life insurance division to a British company for $3.6 billion is the fault of the companies, according to the Reserve Bank.
ANZ shareholder demands info over property sale to former boss
An ANZ shareholder is demanding the bank disclose more information about the sale of an Auckland residential property to its former chief executive and his family.
Govt advisory group on digital economy has met once this year
The government's chief digital technology advisory group is fulfilling its function despite meeting only once this year, its chair says.
Fonterra at loss over slump in Fund prices, Co-op shares
The dairy giant says nothing has changed in its business to account for a slump in associated share funds.
New contract breaks Chorus' promise - subcontractor
Up to 600 broadband installation workers subcontracted by Chorus are being urged to sign a new contract that will lower their pay by up to 30 percent, according to E Tu Union
Public weighs in on RBNZ's higher bank capital proposal
The general public's suspicion of highly profitable, foreign-owned banks has led many to support the Reserve Bank's plan to increase capital requirements.
Collapsed insurance company on the offensive against RBNZ
The directors of collapsed insurance firm CBL have upped the ante on their campaign against the Reserve Bank for having their business liquidated, ahead of an independent report on the regulator's…
Watch: 'Huawei technology is superior' - outgoing Spark boss Moutter
The outgoing chief executive of Spark has one departing wish - for the government spy agency to reconsider its ban on Chinese technology company Huawei. Video
Ebert Construction liquidators taking action to claw back $1.3m
The liquidators of Ebert Construction are taking legal action to claw back a portion of the $7.3 million paid to a company controlled by Ebert's directors while the company was technically insolvent.
Ex-employee hits back at 'intimidating, coercive' behaviour
Workers who blew the whistle on their treatment by a Chorus subcontractor say they have been harassed by a lawyer and their former employer.
Audit firms pour cold water on transparency
New Zealand's largest audit firms have declined to disclose their performance in the latest regulatory check, despite doing so in Australia.
Embattled insurance firm owes $179m to creditors
Embattled insurance company CBL Corporation owes $179.4 million to creditors and it's unknown how much they may get back, if any.
Economists concerned about Treasury competence
Economists are criticising the lack of action to name new leadership at Treasury, saying the controversy over the leak of budget information is diverting attention away from more critical issues for…
IAG throws in the towel on life insurance
IAG has shifted 50,000 of its life Insurance policy holders to the life insurer Aon.
Air NZ to buy eight Boeing 787-10 Dreamliners for $4 billion
Air NZ is to buy eight Boeing 787-10 Dreamliners to replace its aging long-haul 777-200 fleet.
Liquidators called in to hacked cryptocurrency business
The Christchurch-based cryptocurrency exchange that was hacked earlier this year has been placed in liquidation.
Govt planning $6.1bn worth of construction projects
The government has 174 infrastructure in the pipeline, half of which should be finished by 2021, a report reveals.
Decision calls 360 Coromandel mining jobs into question - company
Doubts are being raised about the future of mining in Coromandel after the Overseas Investment Office declined a mining company's bid to buy land for expansion.
Chorus failed to prevent migrant exploitation - review
An independent review of the telecommunications company Chorus' contracting structure says it facilitated migrant worker exploitation.
Insider trading case settled for $150,000
The former chief financial officer of a public technology company has settled with the financial markets regulator after admitting insider trading.
Ebert liquidation: Creditors seek $108m from failed company
Directors of failed construction company Ebert have been put on notice as creditor claims swell to more than $100m.
Shareholders in failed forestry scheme receiving some money back
Thousands of shareholders enmeshed in a failed forestry investment scheme are finally receiving some of their money back, but many may be significantly out of pocket.
Super Fund looks to drop firearms investment
The state-owned Superannuation Fund is looking at getting rid of its shares in firearms as a result of the Christchurch mosque attacks.
Ebert clients withholding $15m over 'defects' in construction work
Receivers of failed construction firm Ebert are struggling to recoup $15 million owed to it, meaning subcontractors are unlikely to be paid.
Air NZ to cut costs, delay buying aircraft following review
Air New Zealand is delaying the purchase of $750m new aircraft and adding new routes to its network, to cut costs and make more money.