Trust beneficiaries treated equally, Court of Appeal told

Press Release – BusinessDesk

July 26 (BusinessDesk) – Lawyers for Maryanne Green, the daughter of late NBR rich lister Hugh Green, told the Court of Appeal today that her status as trustee of Green’s $400 million business empire did not hamper the operation of the trust and every … Read more »

NZD edges lower as Fed meeting takes centre stage this week

Article – BusinessDesk

July 25 (BusinessDesk) – The New Zealand dollar dipped as investors prepare for the Federal Reserve’s policy review this week and will be looking for signs the world’s biggest central bank will raise interest rates later this year. Read more »

Alibaba Group commits to ANZ market

Press Release – Alibaba Group

Alibaba Group commits to ANZ market Ramps up local operations Alibaba Group President, Michael Evans, visits Australia and New Zealand to meet with senior business, industry and government figures Australia, July 25, 2016 Alibaba Group (NYSE:BABA), the … Read more »

HiFX Morning Update, July 25 2016

Press Release – HiFX

The NZDUSD opens at 0.6990 (mid-rate) this morning. The NZD ended the week trading a tight range either side of 0.7000 against the USD while edging higher against of its other major trading partners. Read more »

Grant Robertson interviewed by Corin Dann

Article – TVNZ

CORIN I wonder if you could give us a sense of how a future Labour government would navigate its way through its economic issues in a world of post-Brexit, of potentially a Donald Trump presidency. Its a pretty scary place. What would be your priorities? Read more »

Investors Displeased by Central Banks

Press Release – ThinkMarkets

It was a very disappointing day for investors as nothing came good out of the ECB meeting and on the earnings front, there were no upbeat news either. Investors saw that the central banks are keeping the markets happy by only talking but no reaction … Read more »

China Construction provides $140M cash infusion for NZ unit

Article – BusinessDesk

July 22 (BusinessDesk) – China Construction Bank, that nation’s second-largest lender, has provided $140 million of equity capital to its New Zealand subsidiary to help fund lending growth, the biggest such infusion since the local unit was established … Read more »

Equity no longer a sure thing when it comes to finance

Press Release – LoanPlan Mortgages and Finance

New Zealanders continue to top up their mortgages at a steady clip, but more and more home owners are discovering that the equity in their homes is no longer enough for bank approval even if they want to use the money to add value to their property. … Read more »

HiFX Morning Update, July 22 2016

Press Release – HiFX

The NZDUSD opens at 0.6996 (mid-rate) this morning. The NZD lost ground against all of its major competitors overnight, particularly the JPY as it was bought as a safe haven, as U.S. equity markets fell. Read more »

New Zealand payment times remain low

Press Release – Dun and Bradstreet

New Zealand invoice payment times have maintained their record-low momentum, averaging approximately 35 days for the last four quarters, despite increasing slightly over the second quarter of 2016. According to Dun & Bradstreets Trade Payments … Read more »

All five leading retail banks require 40% property deposit

Article – BusinessDesk

July 21 (BusinessDesk) – All five of the country’s leading retail banks have acted early to introduce restrictions on lending to property investors as part of the Reserve Bank’s bid to slow the heated housing market. Read more »

Banks bust a move, Government possum in the headlights

Press Release – New Zealand Labour Party

Three of the big four banks have acted responsibly by bringing the shutters down on property speculators earlier than required by the Reserve Bank, says Labours housing spokesperson Phil Twyford. Read more »

Blundering On

Press Release – New Zealand First Party

Anyone who has not been in outer space over recent months has seen momentous and unpredictable events unfolding. Brexit and multiple uncertainties and risks in the global economy have created a sombre outlook. Globally, economic growth is faltering. Read more »

Three major bank lenders introduce lending restrictions

Article – BusinessDesk

July 21 (BusinessDesk) – ASB Bank and ANZ Bank New Zealand have followed Westpac Banking Corp’s lead in clamping down on lending to property investors by requiring at least a 40 percent deposit ahead of Reserve Bank restrictions. Read more »

2 Cheap Cars secures finance to aid expansion

Press Release – 2 Cheap Cars

New Zealands largest second-hand car retailer 2 Cheap Cars has secured a major trade finance arrangement with ASB Bank. Read more »

ANZ joins Westpac in restricting loans early

Article – BusinessDesk

July 21 (BusinessDesk) – ANZ Bank New Zealand is the second bank to announce it will not take any new loan applications from property investors who do not have a 40 percent deposit, some six weeks earlier than required by the Reserve Bank Read more »

RBNZ’s ‘clear’ message gets traction in pushing down kiwi

Article – BusinessDesk

July 21 (BusinessDesk) – The Reserve Bank’s “clear” message that interest rates are set to plumb a new record-low achieved got the desired effect in pushing the kiwi dollar to a month-low. Read more »

RBNZ says rate cut seems likely

Article – BusinessDesk

July 21 (BusinessDesk) – The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. Read more »

HiFX Morning Update, July 21 2016

Article – HiFX

The NZDUSD opens at 0.7024 (mid-rate) this morning. The NZD had a quiet night while still projecting a negative tone for the week, and still managed to trade a 50 point range. Read more »

NZ dollar edges up from lows as August rate cut priced in

Press Release – BusinessDesk

NZ dollar edges up from lows ahead of RBNZ update as August rate cut priced in Read more »

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