Kiwi Financial Startup Enters Australia

Press Release – Banger

Banqer , the Kiwi cloud software designed to teach school children financial literacy, is expanding into Australia. CEO Kendall Flutey is relocating to Sydney today as the startup enters a new growth phase, with two years of impressive domestic uptake … Read more »

HiFX Morning Update – January 20 2017

Press Release – HiFX

The NZDUSD opens at 0.7159 (mid-rate) this morning. Read more »

Reserve Bank Bulletin looks at forecasting model

Press Release – Reserve Bank

The Reserve Bank has released a Bulletin article examining the core macro-economic model it uses to support the monetary policy decision making process. Read more »

Heartland names Air NZ’s David Mackrell as new CFO

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Heartland Bank has named Air New Zealand deputy finance boss David Mackrell as its new chief financial officer. Read more »

While you were sleeping: Yellen to speak

Article – BusinessDesk

Jan. 19 (BusinessDesk) – US Treasuries declined while Wall Street was mixed as investors awaited a speech by US Federal Reserve Chair Janet Yellen. Read more »

Warehouse Money Purple Visa Card wins Canstar Award

Press Release – The Warehouse Group

The Warehouse Money Purple Visa Card has been recognised for providing outstanding value to customers in the Canstar Credit Card Awards. The award for the Warehouse Money Purple Visa Card was revealed today in Canstars annual ratings for Best … Read more »

HiFX Morning Update, January 18 2017

Press Release – HiFX

The NZDUSD opens at 0.7194 (mid-rate) this morning. The NZD is at a five week high against the USD with the USD continuing to struggle following Donald Trump’s warning that an elevated domestic currency would dampen US competitiveness. The NZD received … Read more »

HiFX Morning Update, January 17 2017

Press Release – HiFX

The NZD which had extended its recent gains against all its rivals during the morning trading session yesterday, quickly returned to its opening levels as investors sold risk in favour of safe havens ahead of tonights Brexit speech. Read more »

Organised crime getting easy ride under National

Press Release – New Zealand Labour Party

Under-resourcing from the National-led Government is seriously undermining the Polices ability to combat organised crime, says Labours Police spokesperson Stuart Nash. Read more »

HiFX Morning Update – January 16 2017

Press Release – HiFX

The USD continued to slip lower on Friday with the NZDUSD spiking to a new 2017 high of 0.7140, with the US looking forward to a long weekend as they celebrate Martin Luther King Day, today there was little reaction to their economic data releases … Read more »

Key deadline for Veritas on future of Nosh supermarkets

Article – BusinessDesk

Jan. 13 (BusinessDesk) – Auckland-based Veritas Investments said on Friday it is still working through the process ahead of a deadline to present a plan for its unprofitable Nosh supermarket business to ANZ Bank New Zealand. Read more »

RBNZ announces two senior management appointments

Press Release – Reserve Bank

The Reserve Bank has appointed Klarissa Plimmer as Chief Information Officer and Patrick Hoerler as Head of Risk Assessment and Assurance. Read more »

HiFX Morning Update – January 13 2017

Press Release – HiFX

The NZD is flying high particularly against the USD and GBP, since Donald Trumps press conference yesterday morning. The NZD/USD has traded a 98 point range or 1.4% in the last 24 hours. Read more »

Property values drop in parts of NZ as the LVR takes effect

Press Release – QV Valuations

The latest monthly QV House Price Index shows that nationwide residential property values for December increased 12.5% over the past year. Values rose by 1.3% over the past three months and are now 51.5% above the previous market peak of late 2007. … Read more »

NZ dollar continues drop against Aussie dollar

Article – BusinessDesk

Jan. 11 (BusinessDesk) – The New Zealand dollar traded at its lowest level against the Australian dollar since November, and has fallen more than 2 percent since the start of 2017 as it broke out of a key trading range. Read more »

HiFX Morning Update, December 12 2017

Press Release – HiFX

The Kiwi is up against the USD, EUR, GBP & JPY, but steady with the AUD. The NZD/USD has traded a 127 point range or 1.8% in the last 24 hours. Read more »

Pushpay’s 3q update confirms 2017 ACMR and breakeven target

Article – BusinessDesk

Jan. 11 (BusinessDesk) – Pushpay Holdings,the mobile payments app developer, says itsannualised committed monthly revenue (ACMR) grew US$8.4 million in the December quarter, including US$1.1 million it made from acquiring USchurch app business … Read more »

ANZ sells UDC Finance to China’s HNA Group for $660 million

Article – BusinessDesk

Jan. 11 (BusinessDesk) – ANZ Bank New Zealand has sold UDC Finance to HNA Group for $660 million, marking the Chinese company’s first foray into New Zealand. Read more »

Industrial and Commercial Bank of China Welcomed

Press Release – NZ Bankers’ Association

The New Zealand Bankers Association announced today that the Industrial and Commercial Bank of China (New Zealand) Ltd has joined the association, bringing the total number of member banks to 16. Read more »

ANZ announces sale of UDC Finance

Press Release – ANZ Bank

ANZ Bank New Zealand Ltd announced today it has agreed to sell its asset finance business, UDC Finance, for NZ$660 million to HNA Group, a Fortune Global 500 company focused on tourism, logistics and financial services. ANZ New Zealand CEO David Hisco … Read more »

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