High Court credit fees judgment clarifies rules for lenders

Press Release – Commerce Commission

The High Court yesterday released a judgment that further clarifies the rules that lenders must comply with when charging credit fees to borrowers. Read more »

NZ Super Fund encouraged to establish derivatives policy

Article – BusinessDesk

Oct. 22 (BusinessDesk) – The New Zealand Superannuation Fund, which was set up to partially cover the cost of a ballooning baby boomer pension bill, has been encouraged to bed in a series of organisational changes over the past few years, and implement … Read more »

CORRECT: ACC FY profit more than halves as claims mount

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Accident Compensation Corp, the state-owned accident insurer, reported a 57 percent drop in annual profit after it faced more claims than anticipated, and as its investment portfolio returns missed expectations. Read more »

Kiwinet Challenge for new mussel-processing technologies

Press Release – KiwiNet

Sanford Limited is taking on a KiwiNet Business Challenge to uncover novel proposals for high-speed automated technologies that will help it process its current daily rate of 1.5 million mussels. Read more »

Nuplex agrees to sell ANZ units to Champ for A$127.5 mln

Article – BusinessDesk

Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 mln Read more »

Jimmy Koh, KVB Kunlun fined, censured for NZX rule breaches

Article – BusinessDesk

Jimmy Koh, KVB Kunlun fined $65,000, censured for NZX rule breaches over Z, other IPOs Read more »

NZ dollar holds gains as Chinese data beats estimates

Article – BusinessDesk

Oct. 21 (BusinessDesk) – The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing … Read more »

Proposed IPO of Orion Health Group Limited

Press Release – Orion Health

Orion Health Group Limited (Orion Health), a global provider of healthcare software solutions, is considering an initial public offer of ordinary shares to clients of retail brokers in New Zealand and institutional investors. Read more »

Winners of Origin/Jucy Next Big Small Business Competition

Press Release – Joint Press Release

For the past two months Origin IT and JUCY have been on the hunt for the next kiwi success story. A range of prizes were on offer to entrepreneurially driven small businesses with the vision and determination to take on the world. Read more »

NZ dollar gains on greenback weakness after IBM disappoints

Article – BusinessDesk

Oct. 21 (BusinessDesk) – The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors. Read more »

BurgerFuel flags US entry, five more Australian outlets

Article – BusinessDesk

Oct. 20 (BusinessDesk) – BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, is opening five new Australian stores and expects to announce the timing of its US expansion soon. Read more »

Joyce to focus on R&D spending, skilled workers, exports

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Economic Development Minister Steven Joyce says his top priorities for the next three years are to lift private sector spending on research and development, alleviate a shortage of engineers and ICT workers, and keep New … Read more »

UPDATED: Aquila Capital, MyFarm JV sees 6%-plus returns

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Germany’s Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from mainly offshore wholesale investors for a trust that will provide secondary mortgages to farmers behind loans from ANZ … Read more »

Westpac launches new mobile payment stickers

Press Release – Westpac

Westpac has launched its new mobile payment sticker, enabling customers to make payments with any mobile device. The Westpac PayTag, can be attached to the back of a mobile device (or any other suitable item), enabling customers to make quick, secure contactless … Read more »

NZ Dollar Outlook: Kiwi may decline on weak inflation

Article – BusinessDesk

Oct. 20 (BusinessDesk) – The New Zealand dollar may decline this week on the expectation weak inflation data will prompt a pull back in forecasts for future interest rate hikes, reducing demand for the local currency. Read more »

New fund to assist the growth of New Zealand dairy farming

Press Release – Joint Press Release

Dairy farmers looking to grow their family business will soon have access to a new source of funding, with the launch of an innovative new investment vehicle, the NZ Dairy Farming Trusts. Read more »

Aquila Capital, MyFarm JV seeks $100M to fund farmers

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Germany’s Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from wholesale investors for a trust that will provide secondary mortgages to farmers. Read more »

SFO won’t comment on why Whitehead not used in SCF trial

Article – BusinessDesk

SFO won’t comment on why Treasury witness not used in South Canterbury Finance trial Read more »

Contact announces new Hawea community fund

Press Release – Contact Energy

Contact and LMS Events have teamed up for another three years to run the much-loved Contact Epic, NZs Ultimate Mountain Bike Challenge, and have added some extra love to the partnership by establishing a new joint fund to support the local Hawea … Read more »

Five year fitness test for financial advisers regime

Press Release – Chapman Tripp

The Financial Advisers Act 2008 had a difficult birth, requiring several Supplementary Order Papers and a highly unusual eleventh hour Pre-Implementation Adjustments Bill. Read more »

Next Page »