The Bank of New Zealand is angling for a bigger slice of burgeoning Maori economic activity, establishing a $50 million fund to bridge financial gaps that can delay the payment of Treaty of Waitangi settlement funds to claimants. Around $1.5 billion in funds from existing Treaty claims are yet to be paid out, with the processes surrounding payouts sometimes taking …

The government is still committed to the partial privatisation of Genesis Energy, despite a rocky performance in both the asset sales so far undertaken, Prime Minister John Key has confirmed. However, he ruled out the possibility of a break-up or trade sale of the smallest of the three state-controlled electricity companies, despite work being done on those options in recent …