NZDUSD in the hands of US data dump tonight

Press Release – ThinkForex

Whilst the Kiwi Dollar remains firmly in the 77c-80c range there is a glimmer of hope for the Kiwi bulls, judging by recent US price action. Read more »

New Chair of Financial Markets Authority

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Murray Jack as the new chair of the Financial Markets Authority (FMA). Read more »

MRP rejects carbon farmer’s carbon unit top-up claim

Article – BusinessDesk

Nov. 26 (BusinessDesk) – MightyRiverPower has claimed in the High Court it shouldnt have to pay for carbon units issued for years prior to the start of its contract with New Zealand Carbon Farming in 2013, which it entered as part of its effort to … Read more »

Household savings rate positive for five years

Press Release – New Zealand Government

New Zealand households have together saved more than they spent over the past five consecutive years the first time this has happened since 1989-94, Finance Minister Bill English says. Read more »

Pumpkin Patch stock sinks to record low on capital concerns

Article – BusinessDesk

Pumpkin Patch stock sinks to record low on concern ailing retailer may seek more capital Read more »

Keep documents, read them, and ask questions

Press Release – Insurance And Savings Ombudsman

Insurance & Savings Ombudsman Karen Stevens says customers of financial advisers should keep all documents, read them carefully, and always ask questions. Read more »

NZVIF Investment Report

Press Release – NZ Venture Investment Fund

The New Zealand Venture Investment Fund has partnered with 10 venture capital funds and 14 angel investment funds or networks. It operates two funds the $260 million1 Venture Capital Fund and the $40 million Seed CoInvestment Fund. Alongside its … Read more »

Dorchester more than doubles 1H earnings, lifts guidance

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Dorchester Pacific, the finance and insurance firm buying Turners Group, more than doubled first-half earnings with the contribution from recent acquisitions and lifted full-year guidance. Read more »

New Zealand Digest: The ‘lowflation’ conundrum

Press Release – HSBC Bank

New Zealands economy continues to outperform the rest of the OECD, with y-o-y growth running at +3.9% through to the middle of the year. Ordinarily, such strong growth would generate additional inflationary pressures and, indeed, this was expected … Read more »

Energy Mad secures $284,000 in funding from Superlife

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Energy Mad, the energy efficient lightbulb marketer, secured $284,000 in funding from shareholder Superlife to help support its local and overseas growth plans. Read more »

NZ dollar rises vs. A$ after RBA’s Lowe talks down currency

Article – BusinessDesk

NZ dollar rises to 4-month high vs. A$ after RBA’s Lowe talks down currency Read more »

Vector cleared to buy Meridian’s Arc metering business

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Vector, the Auckland electricity and telecommunications lines company, has been cleared to by Meridian Energy’s Arc Innovations metering business. Read more »

Figured and LIC Announce Partnership

Press Release – Figured

AUCKLAND, NZ. – November 25, 2014 Figured, ( www.figured.com ), New Zealands innovative farm financial management software provider, and farmer-owned co-operative LIC (NZX:LIC) today announced a new strategic partnership combining LICs leading … Read more »

Collins Inquiry – Statement from Mr Adam Feeley

Press Release – Adam Feeley

“I am pleased that the inquiry was undertaken and with the outcome announced today, especially given the unprecedented level of speculation, criticism and comment around investigations into the collapse of finance companies – much of which bore little … Read more »

Shamubeel Eaqub appointed to ADC Executive Board

Press Release – ADC

New Zealand-based microfinance charity ADC is delighted to announce the election of prominent economist Shamubeel Eaqub as a member of its Executive Board. Read more »

Kiwis Embrace the Spirit of Giving This Christmas

Press Release – Mastercard

Auckland, New Zealand November 25, 2014 Kiwis are embracing the spirit of giving this Christmas, with new figures revealing that a majority of us will be looking to purchase gifts for six or more people this festive season. Read more »

Heartland Bank profit rises 13% in Sept. quarter

Article – BusinessDesk

Nov. 25 (BusinessDesk) – Heartland Bank, the banking subsidiary of NZX-listed Heartland New Zealand, reported a 13 percent increase in profit in the three months to Sept. 30 on an increase in interest income while borrowing costs fell. Read more »

Abano agrees to sell orthotics business, taking ‘small loss’

Article – BusinessDesk

Nov. 25 (BusinessDesk) – Abano Healthcare Group. the medical investor, agreed to sell its orthotics business, The Orthotic Centre, to private investors, and will take a small loss on the sale against its 2015 results. Read more »

Shady Past? Platinum Credit Card Level for Immigration

Press Release – New Zealand First Party

New Zealand First is questioning why arrangements between Immigration New Zealand and China UnionPay will see streamlined visa processing for holders of Platinum and Diamond UnionPay credit cards. Read more »

Debitsuccess again gets highest PCI DSS compliance rating

Press Release – DebitSuccess

Debitsuccess, Australasias leading payment solutions company, has been accredited with the highest PCI DSS compliance rating (Level 1) for the fourth year running, maintaining its standing as an industry leader in data security for financial transactions. Read more »

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