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Rabobank New Zealand
Rabobank New Zealand Limited is a bank in New Zealand, a subsidiary of Rabobank Nederland. Rabobank focuses on rural banking, business banking and saving services. The New Zealand subsidiary was registered in 1994, and as of June 2022, has a market share of approximately 3%. History In 1998, Rabobank purchased the finance company Wrightson Farmers Finance Limited from Wrightson, a 160-year-old farming business, for . The sale destabilised Wrighton, but effectively established Rabobank as a rural lender in New Zealand. From November 2008 until December 2012, Rabobank was the principal sponsor of BikeNZ (since renamed to Cycling New Zealand). Credit rating Rabobank New Zealand historically had the highest-possible credit rating of AAA from Standard & Poor's. However, after its parent company Rabobank Nederland had its rating downgraded and the deposit guarantee that the parent provided to the New Zealand subsidiary expired, S&P downgraded Rabobank's credit rating to A. Rabobank ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Stuff
Stuff, stuffed, and stuffing may refer to: *Physical matter *General, unspecific things, or entities Arts, media, and entertainment Books *''Stuff'' (1997), a novel by Joseph Connolly (author), Joseph Connolly *''Stuff'' (2005), a book by Jeremy Strong (author), Jeremy Strong Fictional character *A flying creature in the video game ''Kya: Dark Lineage'' Film *''The Stuff'', a 1985 horror/comedy film by Larry Cohen *Stuff (film), ''Stuff'' (film), a 1993 documentary about John Frusciante's life Illustration *Henry Wright (artist), Henry Wright (1849–1937), worked for ''Vanity Fair'' under the pseudonym "Stuff" Music *Stuff (Holly McNarland album), ''Stuff'' (Holly McNarland album), 1997 *Stuff (band), a 1970s-1980s fusion/rhythm and blues music group **Stuff (Stuff album), ''Stuff'' (Stuff album) *''Stuff'', a 1992 album by Bill Wyman *Stuff (song), "Stuff" (song), a 2000 single by Diamond Rio from the album ''One More Day'' *Stuff (Eleanor McEvoy album), ''Stuff'' (Eleanor ...
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TV3 (New Zealand)
Three ( mi, Toru), stylized as +HR=E, is a New Zealand nationwide television channel. Launched on 26 November 1989 as TV3, it was New Zealand's first private broadcasting, privately owned television channel. The channel currently broadcasts nationally (with regional advertising targeting four markets) in digital free-to-air form via the state-owned Kordia on terrestrial and satellite. Vodafone also carries the channel for their cable subscribers in Wellington and Christchurch. It previously broadcast nationally on analogue television until that was switched off on 1 December 2013. Three is a general entertainment channel owned by Warner Bros. Discovery New Zealand, Warner Bros. Discovery, with a significant news and current affairs element under the banner of Newshub. Three carries a significant amount of local content, most of which airs at prime-time. History Establishment Applications to apply for a warrant to operate New Zealand's third national television network opened ...
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ÅŒkato
ÅŒkato is a small town in rural Taranaki, New Zealand. It is situated about 25 minutes drive around the coast from New Plymouth on State Highway 45. Oakura is 12 km to the north-east, and Warea is 9 km to the south-west. The place offers popular rocky surfing spots around coastal beaches. The town was established as a military settlement in the 1860s. The New Zealand Ministry for Culture and Heritage gives a translation of "place of Kato" for . While "Kato" was probably a personal name, an alternative translation is "place of full tide/tsunami". In July 2020, the name of the locality was officially gazetted as ÅŒkato by the New Zealand Geographic Board. ÅŒkato has all the elements of a New Zealand rural community with sporting facilities (rugby grounds, bowling club, squash courts, tennis courts and swimming pool), Coastal Taranaki School, a police station, and a volunteer fire brigade. ÅŒkato was also notable as the home of Okato Cheese which was manufactured by ...
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Reserve Bank Of New Zealand
The Reserve Bank of New Zealand (RBNZ, mi, Te PÅ«tea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Adrian Orr. Employees of the bank operate under the framework of a managerial hierarchy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions. Ownership The Reserve Bank has been wholly owned by the New Zealand Government since 1936. The Reserve Bank is established by an Act of Parliament (the Reserve Bank of New Zealand Act 1989) and it has statutory independence. The Reserve Bank is accountable to Parliament and provides an annual dividend to the Government. Monetary policy Primary Functions The Reserve Bank's primary functio ...
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Deposit Insurance
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability. Overview Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts (see fractional-reserve banking). If many of a bank's borrowers fail to repay their loans when due, the bank's creditors, including its depositors, risk loss. Because they rely on customer deposits that can be withdrawn on little or no notice, banks in financial trouble are prone to bank runs, where depositors seek to withdraw funds quickly ahead of a possible bank insolvency. Because banking institution failures have the potential to trigger a broad spectrum of harmful events, including economic recessions, policy makers mainta ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ...
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Scoop (website)
Scoop is a New Zealand Internet news site run by Scoop Media Limited, part of the Scoop Media Cartel. Operational model The website publishes many submitted news and press releases due to their permissive policy. Their website states: "If it's a press release issued in New Zealand, is legible, legal, sane, not hateful and not defamatory we will most probably publish it." In addition to being a general news website, Scoop also contains sub-sites with specific fociWellington.scoop which aggregates Wellington-specific news with editorial comment, and alsPacific.scoopwhich publishes Pacific-related news and is edited by Auckland University of Technology's Pacific Media Centre. As of March 2012, the website claimed to receive 246,500 visitors and 614,500 page impressions per month. Scoop was ranked 3rd by Nielsen Net Ratings in their News Category. History It was established in 1999 by Andrew McNaughton, Ian Llewellyn and Alastair Thompson. In 2003, ''The Guardian'' wrote about t ...
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Cooperative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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Cycling New Zealand
, abbrev = CNZ , logo = Cycling-NZ-Logo-Landscape.jpg , logosize = 200px , sport = Cycling , category = , image = , caption = , jurisdiction = New Zealand , membership = , founded = , aff = UCI , affdate = , region = OCC , regionyear = , headquarters = Cambridge, New Zealand , location = , president = , chairman = , chairperson = Phil Holden , chiefexec = Jacques Landry , vicepresident = , director = , secretary = , coach = , womenscoach = , key staff = , operating income = , sponsor = , year closed = , replaced = , prevfounded = , url = www.cyclingnewzealand.nz , countryflag = New Zealand , countryflagvar = , more = Cycling New Zealand ( mi, Eke Paihikara Aotearoa), originally known as BikeNZ, is the national governing body for cycling organisations in New Zealand, and represents the interests of BMX NZ, Cycling New Zealand Road & Track, Mountain Bike NZ, and Cycling New Zealand Schools (formerly NZ Schools Cycling Association). Cycling New Zealand ...
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PGG Wrightson
PGG Wrightson Limited is an agricultural supply business based in New Zealand. It was created in 2005 through the merger of Pyne Gould Guinness Ltd and Wrightson Limited and has its roots in a number of stock and station agencies dating back to 1861. It is one of the major suppliers to the agricultural sector in New Zealand providing products such as seeds, grains, livestock, irrigation, farm equipment, insurance and financing. Although publicly listed in New Zealand on the NZX, PGG Wrightson has been majority owned by Chinese-based Agria Corporation (GRO, NYSE) since 2011. History The result of mergers within the stock and station agency industry in New Zealand, PGG Wrightson can trace its obvious ancestry back to 1861, with the establishment of Wright Stephenson & Co. Notable stock and station agencies that have merged to form PGG Wrightson include PGG Wrightson 2005 *Wrightson NMA 1972 ** Wright Stephenson & Co ** National Mortgage and Agency Company of New Zealand, w ...
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