Pacific Business Trust Supporting Pacific Innovation

Press Release – Pacific Business Trust

Combating the lack of financial literacy skills among the Pacific community motivated Brittany Teei and her mother Teri (Tereapii) to launch KidsCoin, an online tool that empowers students from years 3 to 10 to teach themselves about money, learning to … Read more »

Consumers Tell FMA about Financial Providers’ Conduct

Press Release – Financial Markets Authority

Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. Read more »

Deloitte South Island Index Achieves Modest Growth

Press Release – Deloitte New Zealand

South Island listed firms market capitalisation grew 2.8% in the quarter to 30 June 2017 Read more »

HiFX Morning Update, July 21 2017

Press Release – HiFX

The NZD traded an 81 point range overnight (0.7334 to 0.7415) and opens above 0.7400. The NZD has gained 62 points or 0.8% against the USD from Mondays open of 0.7345 The Bank of Japan at their press conference delivered… nothing – no change. However, … Read more »

BNZ considering IMF recommendations

Article – BusinessDesk

July 20 (BusinessDesk) – The Reserve Bank of has begun a process to review the relevant findings and recommendations from an International Monetary Fund review and is initially focused on whether greater alignment with international orthodoxy might contribute … Read more »

Low interest rates drive a change in traditional saving

Press Release – InvestNow

Investors in their droves are seeking alternative fixed interest solutions as stubbornly-low bank term deposit rates continue to bite, according to Mike Heath, General Manager of online investment platform, InvestNow. Read more »

Reserve Bank Governor Selection A Stab In The Dark

Press Release – TransTasman

INSIGHTS ABOUT THE NEWS – An organisations stakeholders are a person, group or another organisation with an interest or concern in its activities and can affect or be affected by the organisation’s actions, objectives and policies. Not all stakeholders … Read more »

HiFX Morning Update, July 20 2017

Press Release – HiFX

NZDUSD 0.7355 0.0% NZDEUR 0.6387 0.4% NZDGBP 0.5649 0.2% NZDJPY 82.29 -0.1% NZDAUD 0.9247 -0.4% NZDCAD 0.9264 -0.2% GBPNZD 1.7702 -0.2% Read more »

FMA and KiwiSaver managers

Article – BusinessDesk

July 19 (BusinessDesk) – The Financial Markets Authority has confirmed it will allow KiwiSaver fund managers to use two different methods to show how much they are charging people to manage their funds, with both able to provide investors with the information … Read more »

Maori settlement groups achieve higher returns on assets

Article – BusinessDesk

July 19 (BusinessDesk) – Maori iwi groups that have received settlements from the Crown achieved a higher average return on assets than New Zealand’s biggest listed companies, but paid out a lower level of dividends, according to research by ANZ … Read more »

FMA confirms KiwiSaver fees methodology

Press Release – Financial Markets Authority

The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them … Read more »

Reserve Bank outlines stance on cyber issues

Press Release – Reserve Bank

Firms in the finance sector, regulators, and other authorities all have a part to play in managing cyber security risks while still benefiting from the opportunities of new financial technology. Read more »

Post-settlement iwi making strong returns

Press Release – ANZ Bank

An extensive financial analysis of 31 post-settlement iwi/hap shows all recorded a positive profit on commercial assets in the last reported year, with an average return on assets of 8.2%. Read more »

HiFX Morning Update, July 19 2017

Press Release – HiFX

The NZDUSD opens at 0.7358 (mid-rate) this morning. Yesterdays disappointing inflation data which saw the NZD fall sharply was all but forgotten by the early afternoon with the NZD joining all other G10 currencies in rising sharply against … Read more »

ThinkMarkets – CPI to Keep RBNZ Firmly at Neutral

Press Release – ThinkMarkets

Soft inflation sent NZD broadly lower as traders were reminded that variable CPI data is likely to beep RBNZ in neutral territory, at best. The positive carry NZD offers over major peers is likely to support it to a degree, yet a rising NZD merely … Read more »

NZ Q2 CPI

Press Release – HiFX

The NZ Consumer Price Index (CPI) for Q2 2017 has just been released. The CPI came in Lower than expected. NZ CPI Q2/Annual: Headline Q2 CPI QTR/YR 0.0% / +1.7% Consensus 0.2% / +1.95% Non-tradables CPI QTR / YR +0.2% / +2.4% versus previous quarter Tradables … Read more »

Labour to Target $600M in Unpaid Taxes from Multinationals

Press Release – BusinessDesk

July 18 (BusinessDesk) – The Labour Party would target multinationals operating in New Zealand to ensure they don’t avoid paying tax if it wins power and is targeting $600 million over three years through a “diverted profits tax,” says leader … Read more »

Eastland Group Announces $14.8 Million Profit for 2017

Press Release – Eastland Group

Eastland Group is the business behind the businesses that are driving the economic growth of the region. Read more »

BNZ adds credit cards to Android Pay arsenal

Press Release – BNZ

From today, BNZ customers can load their BNZ Visa credit card into their Android Pay wallet, allowing even greater flexibility when it comes to payment choice. BNZ first launched Android Pay with its Visa Flexi Debit card in December 2016 and has … Read more »

HiFX Morning Update, July 18 2017

Press Release – HiFX

The NZDUSD opens at 0.7316 (mid-rate) this morning. A slow start to the week as investors await economic data releases before adding to their positions has seen the NZD trade tight ranges against all its major trading rivals. This mornings … Read more »

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