NZ dollar extends gains vs. Aussie after RBA minutes

Article – BusinessDesk

April 21 (BusinessDesk) – The New Zealand dollar extended its gains against its Australian counterpart after minutes of the Reserve Bank of Australia’s last policy meeting echoed comments by governor Glenn Stevens that interest rate cuts may be needed to … Read more »

Mitac folds Navman Technology NZ assets into Australian arm

Article – BusinessDesk

April 21 (BusinessDesk) – Global ICT industry leader Mitac Technology is winding up its Navman Technology NZ unit and transferring the assets to its Australian arm, although it says sales of Navman in-car and Magellan hand-held GPS navigation devices … Read more »

Financial personal trainers hit the ground running

Press Release – Enable Me

Fast growing financial services brand, enableMe, is set to open a new franchise office in the capitals CBD next week enableMes fifth franchise since it started trading in 2007. Read more »

Finzsoft appoints Silverlake’s Kwong to its board

Article – BusinessDesk

April 21 (BusinessDesk) – Finzsoft Solutions, the Auckland-based financial technology company, appointed Silverlake Axis managing director Raymond Kwong to its board after the group became its cornerstone shareholder. Read more »

HiFX Morning Update

Press Release – HiFX

The NZDUSD has traded off yesterdays highs with the USD making gains across the board as the market switches its focus back to Greece amid speculation of a default. Read more »

Huhu signs up to first Chinese co-production for 3D movie

Article – BusinessDesk

NZs Huhu Studios signs up to Chinese co-production on 3D Beast of Burden film Read more »

Perpetual Capital Note Offer

Press Release – Kiwibank

Kiwi Capital Funding Limited (KCFL) has today announced an offer of up to $150 million of Perpetual Capital Notes to the New Zealand public. Read more »

2015 looks like 2014 déjà vu so far

Press Release – AMP Capital

The first quarter of 2015 has been another solid one for diversified investors according to results released at AMP Capitals media briefing today. The start of the year is looking like 2014 dj vu as US first quarter growth has come in weaker than … Read more »

Housing crisis now main obstacle to interest rate cut

Press Release – Green Party

Todays record low inflation figure of 0.1 percent for the year to March 2015, well below the Reserve Banks target band, gives the Bank scope to cut the Official Cash Rate later this month but it is unlikely to given Nationals failure to address … Read more »

Consumer Price Index lower than expected

Press Release – HiFX

The NZ Consumer Price Index (CPI) for Q1 2015 has just been released. The CPI came in lower than expected. NZ CPI Q1/Annual: Headline Q1 CPI -0.3% / +0.1% Consensus -0.2% / +0.1% Non-tradables CPI +1.1% / +2.3% versus previous quarter Tradables CPI … Read more »

Marching On

Press Release – Business NZ

Marching On New Zealands services sector continued to show healthy levels of expansion in March, according to the BNZ – BusinessNZ Performance of Services Index (PSI). Read more »

Silverlake Offer for Finzsoft Closed

Press Release – Finzsoft

The offer to shareholders of New Zealand banking and finance software company Finzsoft Solutions Limited (Finzsoft) closed on 30 March, with the new majority shareholder Silverlake HGH Limited (Silverlake HGH) accumulating a 87.89% per cent stake … Read more »

Bluelab to spend growth grant taking new product to market

Article – BusinessDesk

April 17 (BusinessDesk) – Bluelab Corp, which makes electronic metering and control devices to aid plant growth, will use a new research and development growth grant to speed up taking a new sensory product to market in the next year. Read more »

LIC and Lely enter R&D partnership in farm sensor technology

Article – BusinessDesk

April 17 (BusinessDesk) – Livestock Improvement Corp, a farmer cooperative that sells bull semen and manages a dairy genetics database, has entered a research and development partnership with Dutch agricultural company Lely Group. Read more »

Launch of paysafecard in New Zealand

Press Release – paysafecard

Paysafecard, the Vienna-based global market leader in prepaid online payment methods, and member of the international Skrill Group, continues its course of international expansion with its launch in New Zealand. Read more »

ASB Farmshed Economics Report

Press Release – ASB Bank

Droughts hit on dairy production not as bad as first feared Beef prices on the up and lamb prices may not be far behind NZD strength a headwind for farmers Read more »

John Williamson flags Hellaby resignation

Article – BusinessDesk

April 17 (BusinessDesk) – John Williamson, managing director of Hellaby Holdings, will step down at the diversified investors’ annual meeting, after nearly eight years with the company. Read more »

Wellington Airport revised fees ‘just within’ OK range

Article – BusinessDesk

April 17 (BusinessDesk) – Wellington International Airport’s revised landing fees are “just within” the Commerce Commission’s acceptable range of returns, the regulator said. Read more »

HiFX Morning Update

Press Release – HiFX

The USD fell across the board, pushing up the NZDUSD sharply in the process, as the markets interpreted recent weak US data as likely to cause the US Federal Reserve delay its first long-awaited interest rate hike. Read more »

RESEND: Timely Fonterra bond sale draws oversubscriptions

Article – BusinessDesk

April 16 (BusinessDesk) – Fonterra Cooperative Group attracted $100 million of oversubscriptions for its 2021 bonds in a sale that benefitted from the maturity of $800 million of existing debt at the world’s biggest dairy exporter and a large government bond maturity … Read more »

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