Alternative infrastructure financing talks making headway

Article – BusinessDesk

May 29 (BusinessDesk) – Efforts to find new ways for local and central government to fund the new infrastructure required to allow new housing developments to occur are progressing after “intensive negotiations” with local government in … Read more »

Cooperative Bank posts flat annual earnings

Article – BusinessDesk

May 29 (BusinessDesk) – The Cooperative Bank, which distributes rebates to its customer-shareholders, posted flat annual earnings as shrinking margins offset lending growth from an expanding customer base, and as impairment charges on bad debts rose. Read more »

Investore beats prospectus forecast

Article – BusinessDesk

May 29 (BusinessDesk) – Investore Property, the property investor spun out of Stride Property last year, posted an inaugural full-year profit as a listed company that beat its prospectus forecast after recording a stronger-than-expected increase in … Read more »

Call for Councillors to resign

Press Release – Democrats for Social Credit

Councillors on the Far North District Council and Northland Regional Council who recently adopted agreements to help sell off Northlands infrastructure, tourism projects and natural resources to Chinese Government owned companies should resign, … Read more »

New Zealanders’ confidence in financial markets improves

Article – BusinessDesk

May 29 (BusinessDesk) – Almost two-thirds of New Zealanders have confidence in the country’s capital markets, up from just over half last year, a Financial Markets Authority survey shows. Read more »

TSB Bank top in Canstar Blue Customer Satisfaction Survey

Press Release – TSB Bank

Were thrilled to be recognized by Canstar Blue with the 2017 award for Overall Customer Satisfaction in banking. Read more »

New Zealand banks nail customer service

Press Release – Canstar Blue

Auckland, 29 May 2017. Aussie banks lose out as New Zealand banks take top spots in customer service award. Read more »

Increased investor confidence welcomed

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Jacqui Dean today welcomed the Financial Markets Authority annual survey results which shows confidence in New Zealands financial markets rose nine per cent in 2016. Read more »

FMA survey: Investor confidence bounces back

Press Release – Financial Markets Authority

Major disruptions in world events over the last year have not dented New Zealanders confidence in financial markets. The FMA today released its annual survey into the publics attitude to financial markets. The survey shows that confidence has risen … Read more »

HiFX Morning Update, May 29 2017

Press Release – HiFX

The Kiwi opens higher against all its major competitors except the Japanese Yen, and above key psychological level of 0.7000 versus the U.S. dollar Read more »

Banks Group Limited (In Receivership)

Press Release – PricewaterhouseCoopers

Banks Group Limited (In Receivership) trading as Shoe Connection, SNKR, Banks Shoes and Plimmer Shoes Read more »

RBNZ approves Wolfstrike’s purchase of lender FE investments

Article – BusinessDesk

May 26 (BusinessDesk) – The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. Read more »

McIntosh must return ‘profits’, Supreme Court rules

Article – BusinessDesk

May 26 (BusinessDesk) – Former Ross Asset Management investor Hamish McIntosh can keep the $500,000 he invested with the failed Ross Asset Management but must return the fictitious profits, the Supreme Court has ruled in a majority decision. Read more »

Foreign exchange market Global Code of Conduct supported

Press Release – New Zealand Financial Markets Association

The New Zealand Financial Markets Association today announced its full support for the new Global Code of Conduct for the Foreign Exchange Market. Read more »

Hamish Mcintosh v John Howard Ross Fisk, David John Bridgman

Press Release – NZ Supreme Court

This summary is provided to assist in the understanding of the Courts judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment and reasons … Read more »

RBNZ and FMA welcome new Global Code of Conduct

Press Release – Reserve Bank

The Reserve Bank and Financial Markets Authority have welcomed the release of a new code to promote good practice in the international foreign exchange market. Read more »

Budget 2017 reflects robust economy and a balanced approach

Press Release – Financial Services Council

Budget 2017 reflects New Zealands continued robust economy and shows a balanced approach, the Financial Services Council said today. Read more »

HiFX Morning Update, May 26 2017

Article – HiFX

The Kiwi opens modestly lower against most currencies but is up against the AUD and CAD. For the week the Kiwi is up 1.3% against the USD and EUR, up 1.5% versus the AUD, up 1.8% versus the JPY, and is up 2.0% against the Pound. Read more »

BNZ named Consumer NZ’s 2017 People’s Choice award winner

Press Release – Consumer

BNZ has topped the latest Consumer NZ KiwiSaver customer satisfaction survey . It has been named as the Consumer NZ 2017 Peoples Choice award winner for KiwiSaver providers. Read more »

HiFX Morning Update, May 25 2017

Press Release – HiFX

The NZDUSD opens at 0.7048 (mid-rate) this morning. Markets traded tight ranges ahead of this mornings FOMC minutes with the Dollar Index (DXY) edging higher. Overall the latest FOMC minutes contained few surprises. The market is now pricing … Read more »

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