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New Zealand

This Month

People’s Liberation Army-Navy Jiangkai-class frigate Hengyang.

Albanese accused of soft-pedalling on Chinese navy drills

Australian air traffic controllers only learnt of Chinese navy live-firing exercise thanks to a Virgin Australia pilot flying over the Tasman Sea.

Wu Qian: “China’s actions are in full compliance with international law and international practices and will not affect aviation safety.”

China slams Australia for ‘hyping up’ live-fire drills in Tasman Sea

The defence ministry has hit back at Australia’s response to its naval exercises off the east coast, labelling Canberra’s protests as “unreasonable”.

Christopher Luxon: “What we are doing is monitoring and shadowing and tracking the fleet.”

NZ ‘monitoring’ live-fire drills by China in international waters

Prime Minister Christopher Luxon said it was unclear where the Chinese naval vessels were headed in international waters and for what purpose.

Transurban boss Michelle Jablko

Transurban looks to NZ, US after $15m interim net loss

The toll road group would consider opportunities with “right partners, right structures” in New Zealand after legal costs ate into interim profits.

Super Retail Group CEO Anthony Heraghty said competitive intensity and discounting in the auto business was elevated in the first half.

Supercheap owner’s shares tumble as first-half profit sinks

The stock fell nearly 14 per cent on Thursday after revealing net profit fell 9 per cent to $130 million – well below market expectations.

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The a2 Milk Company CEO David Bortolussi has lifted the group’s full year sales and earnings guidance.

Fewer babies: a2 Milk targets China’s growing grey population

The infant formula and fresh milk maker will pay a maiden dividend of 8.5¢ a share after it lifted its sale and earnings outlook for the year.

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Chemist Warehouse scores $34b pay day in ASX debut

The founders were on hand as the retailer made its sharemarket debut on Thursday via Sigma, with plans to expand in Australia and globally.

New Zealand Prime Minister Christopher Luxon.

New Zealand ‘blindsided’ by Cook Islands-China deal

New Zealand, along with Australia and the United States, have become increasingly concerned about China’s growing presence in the Pacific region.

The NZ government hopes to attract more wealthy migration to cities like Auckland, pictured from above here.

New Zealand changes ‘golden visa’ to lure wealthy migrants

The government has come up with two options to encourage high net worth individuals to live and invest in the country.

January

Citi says investors should buy up the Australian dollar.

Is it time for investors to pile back into the beaten-up $A?

Citi believes the US dollar is primed for a pullback given Donald Trump’s more measured approach to tariffs. That’s good news for the beaten-up Aussie dollar.

Ares MD and Cricket NSW chairman David Knox at the SCG.

Six leadership and investing lessons from cricket

Lifelong cricket fan and seasoned investment executive John Knox reflects on the impact of the game on his career.

December 2024

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ASX slips; Jimmy Carter dies; Gerry Harvey’s property pain

Read everything that’s happened in the news so far today.

Buildings damaged after magnitude 7.4 earthquake strikes near Port Vila, Vanuatu.

Cruises diverted as aid is rushed to quake-struck Vanuatu

At least 14 people were killed and hundreds injured in two earthquakes in the South Pacific nation, and Australian rescue crews and medical teams are being urgently deployed.

Backpackers and New Zealanders are keeping net migration figures high.

Influx of Kiwis, backpackers adds to migration woes

Large numbers of New Zealanders escaping a sluggish economy and backpackers arriving en masse are keeping numbers far higher than government forecasts.

Myer executive chairwoman Olivia Wirth speaking to shareholders at the company’s annual meeting on Tuesday.

Myer says Black Friday sales were ‘encouraging’ despite tough trading

The retailer’s executive chairwoman Olivia Wirth used her first annual meeting in the job to sell plans for a merger with Premier Investments’ fashion brands.

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Amanda Bardwell is the chief executive of Woolworths. The company faces regulatory action in Australia and New Zealand.

Woolworths NZ faces criminal charges for allegedly misleading shoppers

The Commerce Commission was not satisfied that “specials really are special”, leading to legal action against the supermarket and its rival Pak’nSave.

David Jones said its new app is helping to convert more online sales.

Retailers exhale as Black Friday stokes demand

From sneakers to Frank Green water bottles, shoppers opened their wallets for early Christmas deals.

Ben Weiss says he has had to trade peace of mind about his family’s safety to keep doing deals in wartime.

‘Dad has never done a deal like this’: Ben Weiss’ wartime buyout

The son of famed corporate raider Gary Weiss has just pulled off a deal to take an AI company private in Tel Aviv. It nearly didn’t happen.

November 2024

About 94 per cent of businesses continue to accept cash in Australia.

Cash to stay king for essential products

The federal government will also call time on the use of cheques in the Australian economy, limiting their use from 2028.

Coles CEO Leah Weckert with chairman James Graham at the AGM on Tuesday.

Coles chairman says cost of living has been ‘politicised’

James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.

Original URL: https://www.afr.com/topic/new-zealand-djw