NZ dollar holds near 7-month low as Fonterra results awaited

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The New Zealand dollar, which has dropped along with other so-called commodity currencies on concern China’s economic growth is slowing, held near its lowest levels in seven months before Fonterra Cooperative Group’s annual … Read more »

Pyne Gould, EPIC lock horns before vote on sacking directors

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Pyne Gould Corp and Equity Partners Infrastructure Co No 1, better known as the EPIC fund, are in a war of words ahead of a special meeting where Pyne Gould is seeking to dump the fund’s board. Read more »

Official Assignee to oppose lifting Serepisos’s bankruptcy

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The Official Assignee has filed papers in the High Court opposing the automatic discharge of high-profile property developer Terry Serepisos from bankruptcy next month. Read more »

Veda’s dubs New Zealand’s Gen Y as Property Orphans

Press Release – Veda Limited

Auckland, New Zealand, Tuesday 23 September 2014: New data from Veda shows that Generation Ys home ownership prospects appear to be rapidly declining in New Zealand. Veda, the data analytics company and leading provider of credit information and analytics … Read more »

SLI shareholders sell 6.8% of company below IPO price

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Initial shareholders of SLI Systems, the search engine developer, have sold 6.8 percent of the company at the end of a 16-month lock-up period at 23 percent below last year’s offer price. Read more »

Ex-OPI Finance auditor at odds with receiver over settlement

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Investors in OPI Pacific Finance are still in the dark over the value of a potential deal with the failed lender’s former auditor after ASX-listed Crowe Horwath rejected the OPI receiver’s version of the settlement. Read more »

NZ dollar falls on concern over Chinese growth

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The New Zealand dollar fell alongside the Australian and Canadian dollars on concern slowing growth in China would reduce demand for the countries’ commodities. Read more »

Bitcoin the future of bill payments

Press Release – igot.com

Bitcoin the future of bill payments igot.com enables New Zealanders to pay bills and rent with bitcoin Read more »

Crowd-funded film, The Patriarch, extends investor deadline

Article – BusinessDesk

Sept. 22 (BusinessDesk) – The backers of ‘The Patriarch’, a film to be directed by Lee Tamahori, have extended the equity crowd funding deadline by two weeks to raise a minimum of $300,000 of the movie’s total $9.4 million budget. Read more »

Call for Kiwis to showcase their idea of financial freedom

Press Release – Spicers

Specialist investment planning organisation, Spicers Portfolio Management Limited (Spicers), is reminding New Zealanders that they have less than 10 days to enter the Share your idea of Financial Freedom competition and be in the draw to win $10,000 … Read more »

NZ Dollar Outlook: Kiwi set to take a breather in quiet week

Article – BusinessDesk

Sept. 22 (BusinessDesk) – The New Zealand dollar is lacking strong drivers this week after volatile trading last week on the back of several major events Read more »

Statutory managers end Hubbard’s Aorangi with 99% recovery

Article – BusinessDesk

Sept. 22 (BusinessDesk) – The statutory managers of Aorangi Securities, one of the failed vehicles in the stable formerly run by Timaru businessman Allan Hubbard, has been wrapped up with just above 99 percent recovered for the 400 or so investors. Read more »

Credit Union NZCU South Wins National Contact Centre Award

Press Release – Credit Union Southern

Credit union NZCU South are proud to announce that one of their Contact Centre Staff has won a prestigious national CRM Contact Centre Award. Read more »

Roost Home Loan Affordability report

Press Release – Interest.co.nz

Home loan affordability improved in August for the third consecutive month as lower interest rates and reduced mortgage payments more than offset a slight rise in house prices. Read more »

NZ dollar advances ahead of election; greenback sags on data

Article – BusinessDesk

Sept. 19 (BusinessDesk) – The New Zealand dollar advanced as investors bet on stability ahead of the general election tomorrow and as weaker US data weighed on the greenback. Read more »

UPDATE: OPI receiver lashes Crowe Horwath over OPI release

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Accounting firm PwC has taken the rare step of chastising another member of its own industry, ASX-listed Crowe Horwath, for understating by half the value of a settlement reached over the auditing of OPI Finance in the failed … Read more »

New Zealand GDP strong: Boom more broad-based in Q2

Press Release – HSBC Bank

Boom more broad-based in Q2 New Zealand’s Q2 GDP was close to expectations at +0.7% q-o-q and +3.9% y-o-y (market had +3.8%; HSBC had +3.9%). This is strong, above-trend, growth and shows that the New Zealand economy has been outperforming most of the … Read more »

NZ dollar falls to 7-month low as Fed raises 2015 rate view

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The New Zealand dollar dropped to a seven-month low after the Federal Reserve raised its expectation for the level of interest rates by the end of next year, boosting the lure of the greenback. Read more »

Ex-OPI Finance auditor cuts $6.25 mln deal with receiver

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The auditor of failed lender OPI Pacific Finance has cut a $6.25 million deal with the firm’s receiver after losing a bid to strike out parts of the case earlier this year. Read more »

NZ dollar pares gain in lead up to Fed review

Article – BusinessDesk

NZ dollar pares gain in lead up to Fed review, annual current account deficit narrows Read more »

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