Goodman Property to spend $28 mln on three new developments

Article – BusinessDesk

March 3 (BusinessDesk) – Goodman Property Trust, New Zealand’s largest listed property investor by market value, will spend $28 million on two new industrial plants and an office building at its Highbrook Business Park. Read more »

Review of financial advice laws to commence

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith today released the terms of reference for a review of the legislation governing how financial advice is provided. Read more »

NZVCA Newsletter February 2015

Press Release – NZVCA

A Chapman Tripp report on prospects for 2015 said “the current strength of both the M&A and ECM markets means dual-track processes could feature in 2015. Roll-ups, the acquisition and aggregation of private companies operating in the … Read more »

NZ dollar declines against Aussie ahead of RBA

Article – BusinessDesk

March 3 (BusinessDesk) – The New Zealand dollar weakened against the Australian dollar as traders have already priced in an interest rate cut by the Reserve Bank of Australia today. Read more »

Bryers questioned over Blue Chip’s related party lending

Article – BusinessDesk

March 3 (BusinessDesk) – Former Blue Chip boss Mark Bryers returns to the witness box today, having faced a day of questions on his management of the failed property investment company, as the High Court continues its examination of his application … Read more »

Magnetic milk – the lure of dairy investment down under

Press Release – Rabobank

In 2014 there was a flurry of inbound investment activity by Asian dairy companies, mostly from China, into the New Zealand and Australian dairy sectors. However Rabobank warns that ongoing growth in import requirements by Chinese and wider Asian dairy … Read more »

Govt resisting pressure to pump more cash into Solid Energy

Article – BusinessDesk

March 2 (BusinessDesk) – Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference … Read more »

Tough Decision for the RBA – By Tony Kwok at CMC Markets

Press Release – CMC Markets

The Australian stock market has finally broken out of its recent trading range to move within 20 points of the key 6000 level. Property and Material Sectors have led the markets higher on the back of strong property prices and more stable oil and … Read more »

Mortgage Express: Bridging the Cultural Divide

Press Release – Mortgage Express

As New Zealands migrant community continues to grow, Mortgage Express is serving the needs of this community with tailored solutions designed around their unique needs. Read more »

Blue Chip’s Bryers won’t return to New Zealand, court hears

Article – BusinessDesk

March 2 (BusinessDesk) – Former Blue Chip boss Mark Bryers has taken the witness stand in the High Court at Auckland today where hes seeking to be discharged from his 5 1/2-year bankruptcy, saying it will be his last visit to New Zealand. Read more »

Institute says lower interest rates may hurt retirerees

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling attention to the impact of a sustained drop in interest rates warning that they will have a negative effect on those who rely on interest as income particularly retirees. Read more »

Rabobank Dargaville celebrates opening

Press Release – Rabobank

Rabobanks newest office in New Zealand celebrated its official opening on Thursday 26 February with a special event held at the Dargaville branch to mark the occasion. Read more »

NZ Dollar Outlook: Kiwi at mercy of overseas moves this week

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases. Read more »

PayPal stops processing Mega payments; NZX listing still on

Article – BusinessDesk

March 2 (BusinessDesk) – PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. Read more »

New Zealand Bankers’ Association welcomes Bank of China

Press Release – NZ Bankers’ Association

Bank of China (New Zealand) today joined the New Zealand Bankers Association, bringing the total number of the associations member banks to 15. We are pleased to welcome our first Chinese member bank. The arrival of Bank of China further enhances … Read more »

Kiwi Travellers set to Benefit from Australian Dollar Parity

Press Release – House of Travel

A local travel expert is predicting a 7% increase in trans-Tasman trips if the Australian dollar continues its recent trend towards parity with the New Zealand dollar. Read more »

NZ dollar gains after Chinese central bank cuts rates

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar advanced on expectations a reduction in interest rates in China may stimulate demand for New Zealand commodities in the country’s largest trading partner. Read more »

Ring-fenced debt a $367.90 rates hike?

Press Release – Hastings Against Amalgamation

A targeted rate to pay the Hastings District Councils $55.7-million public debt over five years, as implied by the Local Government Commission, could mean an extra $367.90 per year per ratepayer, Hastings Against Amalgamation spokesman Mike Butler … Read more »

TDH’s finances expected to improve

Press Release – Tairawhiti DHB

A very busy winter, more cancer patients getting more treatment and extra hip and knee operations have contributed to a poor financial result for Tairwhiti District Health seven months into the financial year. Read more »

TSB Bank writes off $53.9 mln Solid Energy debt

Article – BusinessDesk

Feb. 27 (BusinessDesk) – TSB Bank, the Taranaki community-owned bank, has written off the remaining $53.9 million debt exposure it had to stricken state-owned coal miner Solid Energy as the prospects of getting repaid deteriorate. Read more »

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