Richie McCaw backs action campaign with Westpac

Press Release – Westpac

Kiwis are great at setting financial goals but then never make them happen, according to new research by Westpac into why people dont achieve their short and long term goals. Read more »

Weekly Overview February 4 2016

Press Release – BNZ

Two weeks ago I listed reasons why despite the dairying downturn growth in the NZ economy would remain good especially compared with other countries and this would limit scope for lower interest rates, support jobs growth, and keep the NZD from … Read more »

Celebrity, ‘your own crowd’ crucial to crowdfunding success

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Kiwi startup DArcy Polychrome is commercialising a unique technology, drikolor, that could disrupt the global decorative paint market. Yet the firm raised only half of its minimum target in a recent equity crowdfunding offer. Read more »

EnableMe to help Mainlanders master their money

Press Release – enableMe

South Islanders who want to take control of their finances can soon call on the services of one of the countrys fastest-growing financial advisory firms. Read more »

Forward guidance aids effective monetary policy

Press Release – Reserve Bank

The Reserve Banks regular forward guidance on interest rates supports the effectiveness and accountability of its monetary policy actions, Assistant Governor and Head of Economics, Dr John McDermott, said today. Speaking to the Goldman Sachs Annual Global … Read more »

Auckland house sales volumes jump to 8-year high in January

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Auckland residential property sales volumes jumped to an eight-year high for the month of January, according to the city’s largest realtor. Read more »

Crowd-Sourced Equity Funding is Coming to Australia

Press Release – MSI Global Alliance

Crowd funding has been successful for enterprises trying to raise funds though what is effectively pre-selling products or donations through sites such as Kickstarter. Read more »

Auckland Property Choice In January Lowest In 20 Years

Press Release – Barfoot and Thompson

Auckland residential property sales in January were solid, with no clear direction emerging as to market trends for the remainder of the summer months. Read more »

Fonterra Darnum JV to ship first product to China in 2H

Article – BusinessDesk

Fonterra’s Darnum JV with Beingmate to ship Chinese product in second half of 2016 Read more »

HiFX Morning Update, February 4 2016

Press Release – HiFX

The NZDUSD opens at 0.6685 (mid-rate) this morning. The NZD has been the strongest performing currency over the past 24hrs, following yesterdays better-than-expected employment report. The NZD is currently trading at 4-week highs against the USD. Read more »

Internal Affairs warns of inheritance fraud scam

Press Release – Department Of Internal Affairs

Internal Affairs has been alerted to a phishing scam that resulted in significant financial loss to the targeted individual. Read more »

Harmoney raises $8.8 mln in preference share issue

Article – BusinessDesk

Feb. 3 (BusinessDesk) – Harmoney Corp raised almost $8.8 million in a preference share issue after rejigging features of its constitution, including halving the level of new money it has to raise before going public. Read more »

RBNZ Governor Wheeler Speech

Press Release – HiFX

The Reserve Bank Governor Graeme Wheeler has just delivered a speech titled The Global Economy, NZ Economic Outlook, & the Policy Target Agreement to the Canterbury Employers Chamber of Commerce. Read more »

Reserve Bank will draw on PTA flexibility

Press Release – Reserve Bank

The Reserve Bank will continue to draw on the flexibility contained in the PTA in managing economic risks and assessing monetary policy, Governor Graeme Wheeler said today. Speaking to the Canterbury Employers Chamber of Commerce in Christchurch, … Read more »

ASB KiwiSaver Scheme Calculator projects future savings

Press Release – ASB

ASB KiwiSaver Scheme Calculator projects future savings ASB has generated a new KiwiSaver calculator projecting the savings Kiwis could have to draw on when retirement calls. Straightforward and simple to use, ASBs KiwiSaver calculator allows KiwiSaver … Read more »

NZ dollar declines as oil, dairy prices drop

Article – BusinessDesk

Feb. 3 (BusinessDesk) – The New Zealand dollar declined on concern about weak commodities after oil dropped and prices at the GlobalDairyTrade auction slid for a third straight session this year. Read more »

Augusta to buy A$23 mln industrial property in Brisbane

Article – BusinessDesk

Feb. 2 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, will buy a A$23 million industrial property in Brisbane, which it plans to put up for syndication. Read more »

New Zealand First Demands EFTPOS Reform – Peters

Press Release – New Zealand First Party

Following the latest EFTPOS outage, New Zealand First is calling on the Reserve Bank to purchase EFTPOS processor, Paymark, which is reportedly on the market. Read more »

Motukawaiti Island sale probe fails to deliver suit

Article – BusinessDesk

Feb. 2 (BusinessDesk) – A five-year investigation into the sale of Motukawaiti Island near Northland’s Matauri Bay failed to turn up enough evidence for the Overseas Investment Office to launch a prosecution. Read more »

NZ dollar gains on concerns about pace of US Fed rate hikes

Article – BusinessDesk

Feb. 2 (BusinessDesk) – The New Zealand dollar gained against US dollar weakness amid speculation the Federal Reserve may not hike rates as fast as previously expected. Read more »

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