Press Release – New Zealand National Party
The Governments poor economic management means more people will need food grants this Christmas, but low business confidence means City Missions will have fewer resources to keep up with demand, Nationals Finance spokesperson Paul Goldsmith says. Read more »
Press Release – CMC Markets
Investors chased growth exposures on Friday night. Better than expected US non-farm payrolls, weaker China trade numbers and surprise oil production cuts from Saudi Arabia combined to lift shares and industrial commodities. Currencies held steady, … Read more »
Press Release – XE.com
The NZD opens up at 0.6543 The Kiwi extended its good recent run yesterday, breaking out to 5 month highs against the USD. Adrian Orr, the RBNZ Governor released his financial stability report, which increases banks minimum capital requirements from … Read more »
Press Release – Federated Farmers
Federated Farmers is urging the trading banks to absorb as much as possible of the additional costs of new bank capital requirements rather than dump it all on customers, and especially on under-pressure farmers. Read more »
Press Release – ACT New Zealand
The Reserve Banks requirement for banks to hold more capital will act as a handbrake on the economy at a time of serious uncertainty, according to ACT Leader David Seymour. Read more »
Press Release – BusinessNZ
BusinessNZ is voicing process concerns in the market study into the retail fuel sector released today. Read more »
Press Release – NZ Bankers’ Association
The New Zealand Bankers Association today welcomed the conclusion of the Reserve Banks review of how much capital New Zealands banks should hold. Read more »
Press Release – BusinessNZ
BusinessNZ is calling for a further round of consultation on the Reserve Banks capital adequacy decisions made today. Chief executive Kirk Hope says New Zealands major financial institutions are already well capitalised and managed. Read more »
Press Release – New Zealand National Party
Increased capital requirements for banks announced today will add more pressure on an already slowing economy in the short term, Nationals Finance spokesperson Paul Goldsmith says. Read more »
Press Release – Greater Wellington Regional Council
A series of community hui on the development of a strong and sustainable Mori economy in the greater Wellington region will conclude in Plimmerton today ahead of next year developing an economic strategy and action plan designed to boost the economic … Read more »
Press Release – CoreLogic NZ Ltd
Recent momentum in the NZ housing market continues in November fresh upswing now clearly underway. Read more »
Press Release – XE.com
The NZDUSD opens at 0.6517 (mid-rate) this morning. Both the NZD and AUD have managed to withstand a fall in risk appetite brought about by Trumps tariff threats. Following on from Mondays announcement that the US are about to restore tariffs on all steel … Read more »
