NZ dollar heads for 1.9% gain in September quarter

Article – BusinessDesk

NZ dollar heads for 1.9% gain in September quarter; bank stocks keep investors on edge Read more »

Privacy Commissioner launches review of credit reporting law

Press Release – Office of the Privacy Commissioner

Privacy Commissioner John Edwards today released a discussion paper inviting submissions on whether positive credit reporting, introduced to New Zealand following a law change five years ago, has been a success and whether the law was operating satisfactorily. Read more »

Well-supported CBL placement will fund further growth

Press Release – CBL Corporation

A NZ$60m placement of new fully paid ordinary shares in CBL Corporation Ltd at a fixed price of NZ$3.45 per share will enhance and support the funding of future growth opportunities for specialist insurer CBL Corporation in new and existing markets, … Read more »

HiFX Morning Update, September 30 2016

Press Release – HiFX

The NZDUSD opens at 0.7252 (mid-rate) this morning. The big winner over the past 24hrs has been the USD on the back of better-than-expected economic data and risk aversion. Read more »

Politicians show depressing lack of courage

Press Release – ACT New Zealand

“All politicians should take the Productivity Commission’s call to reintroduce interest on student loans seriously instead of running for the hills at the first hint of a policy debate, it’s called leadership,” says ACT Leader David Seymour. Read more »

Innovation key to shaping Bank’s past and future

Press Release – Reserve Bank

The Reserve Bank’s Annual Report 2015-16 demonstrates the Bank’s commitment to innovation as it continues to promote a sound and dynamic monetary and financial system, Governor Graeme Wheeler said today. Read more »

Kiwis drowning in debt in out of control housing market

Press Release – New Zealand Labour Party

New statistics reveal Kiwis are taking on record levels of debt in order to get into the housing market, as prices continue to outstrip incomes, says Labours Housing spokesperson Phil Twyford. Read more »

Property dominates New Zealand debt

Press Release – Statistics New Zealand

Real estate loans accounted for 87 percent of total individual debt held by New Zealanders in the year ended June 2015, Statistics New Zealand said today. Read more »

Call for Proactive Action after Westpac Announces Closures

Press Release – Anthony Rimell

Waimairi Council candidate, Anthony Rimell, today expressed his disappointment at the decision by Westpac to close its branch at the Bishopdale mall, along with a number of others around New Zealand. For anyone who has a passion to see the North … Read more »

HiFX Morning Update September 29 2016

Press Release – HiFX

The NZDUSD opens at 0.7278 (mid-rate) this morning. The NZD has weakened slightly against all its major rivals over the past 24hrs trading down to a new 6-week low of 0.9438 against the AUD. Read more »

Ombudsman Scheme releases 21st Annual Report

Press Release – Insurance and Financial Services Ombudsman

21 years experience resolving complaints can help to improve businesses and empower customers, says the Insurance & Financial Services Ombudsman Scheme. Read more »

Balance of Payments: Year ended 31 March 2016

Press Release – Statistics New Zealand

At 31 March 2016: Of New Zealands $227.4 billion total investment abroad, 62.9 percent was in Australia, the United States, and the United Kingdom. Of the $386.4 billion foreign investment in New Zealand, 58.3 percent was from Australia, … Read more »

“Bean counters” keep our economy running

Press Release – Xero

WELLINGTON, September 28, 2016 Professional stereotypes about the accounting industry are alive and well, with a new global survey from Xero revealing that the average member of the public most commonly associates accountants and bookkeepers … Read more »

HiFX Morning Update, September 28 2016

Press Release – HiFX

The NZD has continued its recovery since last weeks fall, spiking as high as 0.7325 against the USD before better-than- expected US consumer confidence data bolstered the USD. Read more »

Angel Association commends initiatives like AngelEquity

Press Release – Angel Association

The Angel Association today welcomed the launch of AngelEquity, a new equity crowd-funding platform leveraging deals from New Zealands formal angel networks such as AngelHQ, Ice Angels and Enterprise Angels. Early stage, high growth companies are always … Read more »

Australian expert to say Warminger trades didn’t breach law

Article – BusinessDesk

Sept. 27 (BusinessDesk) – An Australian expert in market manipulation will give evidence that none of the trades identified by the Financial Markets Authority in its case against Milford Asset Management portfolio manager Mark Warminger created a false … Read more »

HiFX Morning Update, September 27 2016

Press Release – HiFX

The NZDUSD opens at 0.7272 (mid-rate) this morning. The NZD along with the JPY have been the best performing currencies over the past 24hrs. The NZD shrugged off yesterdays disappointing trade balance and has started to retrace some of its fall, following … Read more »

Auckland property investor lending tumbles 18%

Article – BusinessDesk

Sept. 26 (BusinessDesk) – Lending to property investors buying homes in Auckland fell 18 percent in August after the Reserve Bank imposed new lending restrictions in July. Read more »

CMC Markets National University Trading Challenge

Press Release – CMC Markets

University of Auckland Engineering student, Jmin Joon has scooped up first place at the CMC Markets National University Trading Challenge. Read more »

HiFX Morning Update, September 26 2016

Press Release – HiFX

The NZDUSD opens at 0.7235 (mid-rate) this morning. The NZD continued to slip lower on Friday closing out the week at 0.7245 against the USD. The move lower is a direct result of Thursdays Reserve Bank statement with Gov Wheeler reiterating that further … Read more »

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