Pyne Gould to restate 2014 accounts, lowering profit, assets

Article – BusinessDesk

July 7 (BusinessDesk) – Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, will restate its 2014 accounts, reducing profit and net assets by 7 million British pounds, after receiving the audited accounts of associate … Read more »

Greek referendum result opens door for new economics

Press Release – Democrats for Social Credit

Any attempts to impose another round of unsuccessful austerity measures on the Greek people must be rejected by their Government in the wake of the conclusive referendum result, said Democrats for Social Credit Party leader Stephnie de Ruyter. Read more »

RBA keeps cash rate unchanged for second month

Article – BusinessDesk

RBA keeps cash rate unchanged for second month in face of below-trend Australian growth Read more »

ETI Dynamics, Greenhouse Capital team up for exports

Article – BusinessDesk

ETI Dynamics, NZ’s Greenhouse Capital team up for $100 mln in kiwi clean-tech exports Read more »

HiFX Morning Update, July 7

Press Release – HiFX

The NZDUSD opens 0.4% higher than yesterday at 0.6679 Read more »

NZ dollar little changed as traders await Greek developments

Article – BusinessDesk

July 7 (BusinessDesk) – The New Zealand dollar was little changed overnight as traders who have fled to the perceived safety of currencies such as the yen awaited further developments in Greece. Read more »

Hanover settlement ‘some comfort’ for investors, Key says

Article – BusinessDesk

July 6 (BusinessDesk) – The $18 million settlement reached between Hanover Finance’s directors and promoters and the Financial Markets Authority should be of some comfort to investors in what has become a “better regulated” market, Prime Minister … Read more »

NZ dollar holds near 5-year low before Hollande, Merkel meet

Article – BusinessDesk

July 6 (BusinessDesk) – The New Zealand dollar traded near a five-year low ahead of a meeting between German Chancellor Angela Merkel and French President Francois Hollande today where they will discuss a possible response to Greece’s rejection … Read more »

NZICA had ‘aggressive’ campaign to smear rival, lawyer says

Article – BusinessDesk

July 6 (BusinessDesk) – The New Zealand Institute of Chartered Accountants engaged in “professional denigration” that was “quite extraordinary and offensive” against rival accounting body CPA Australia when it was at its most vulnerable in … Read more »

NZ shares kick off region-wide decline after Greeks say no

Article – BusinessDesk

July 6 (BusinessDesk) – The New Zealand stock market kicked off a region-wide sell off as uncertainty over the future of Greece’s financial stability stokes volatility in international markets and prompts investors to seek safe-haven assets. Read more »

Hanover four say settlement was in investors’ best interests

Article – BusinessDesk

Hanover four say $18M settlement was in investors’ best interests, court case would have failed Read more »

RESEND: Eric Watson only one of Hanover group not to settle

Article – BusinessDesk

RESEND: Eric Watson only one of Hanover directors and promoters not to contribute to $18M FMA settlement Read more »

Eric Watson only one of Hanover directors not to settle

Article – BusinessDesk

Eric Watson only one of Hanover directors and promoters not to contribute to $18M FMA settlement Read more »

Greek no vote and falling commodities point to a nervous day

Press Release – CMC Markets

Faced with a combination of the Greek no vote, weakening commodity prices and nervousness about the possible spill over effects of plummeting Chinese markets, investors will be thinking safety first this morning. Read more »

HiFX Morning Update

Press Release – HiFX

The NZDUSD opens at 0.6650, 0.9% lower than Fridays open. Read more »

Moody’s upgrades Air NZ credit rating

Article – BusinessDesk

Moody’s upgrades Air NZ credit rating on new approach to leases, low jet fuel prices Read more »

NZ dollar touches fresh lows on concern about Greece

Article – BusinessDesk

July 6 (BusinessDesk) – The New Zealand dollar fell to a fresh five-year low as investors exited riskier assets in favour of safe havens after Greeks look to have rejected austerity measures that would give them access to bailout money. Read more »

Continued Threat of a Failed Financial and Banking System

Press Release – New Zealand Fabian Society

I would like to invite you to hear Dr Robert Howell discuss this subject on Friday 10 July at 5:30pm at Connolly Hall, Guildford Terrace Wellington . Read more »

Government Statement on Financial Capability announced

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith today announced a Government Statement on Building Financial Capability in New Zealand, which supports New Zealanders getting ahead financially. Read more »

FMA strategy to boost understanding and knowledge

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today released its Investor Capability Strategy, which aims to build knowledge, understanding and confidence about making investment decisions. Read more »

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