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Low business confidence, less Christmas cheer

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 »

Markets surge on jobs, trade

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 »

XE Morning Update

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 »

Be fair about passing on costs – Federated Farmers

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 »

RBNZ capital requirements will hurt farmers, businesses

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 »

Process concerns in market study

Press Release – BusinessNZ

BusinessNZ is voicing process concerns in the market study into the retail fuel sector released today. Read more »

Banking industry welcomes conclusion to RBNZ capital review

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 »

Further consultation essential on bank capital proposals

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 »

Reserve Bank decision will further slow nomy

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 »

Hui focuses on driving regional Māori economy

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 »

CoreLogic QV November House Price Index

Press Release – CoreLogic NZ Ltd

Recent momentum in the NZ housing market continues in November fresh upswing now clearly underway. Read more »

XE Morning Update

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 »

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