Volatile day for kiwi dollar as central banks drive action

Press Release – BusinessDesk

The New Zealand dollar fell to its lowest level in more than a week against the yen after the Bank of Japan surprised the market by not expanding its monetary stimulus, rounding out a day of volatility tied to central bank actions. Read more »

Cross-border trade agreement means more investment choices

Press Release – Financial Markets Authority

New Zealand investors will benefit from more competition for their investment dollar and more choice of investment options as a result of an international agreement signed today. Read more »

KiwiSaver home buyer support tweaked

Press Release – New Zealand Government

Changes to KiwiSaver withdrawal rules for buying a home will make it easier for second-chance homeowners, Building and Housing Minister Dr Nick Smith says. Read more »

Final call to merchants to upgrade terminals

Press Release – Paymark

As the end of April rapidly approaches, Paymark is reminding those few remaining retail merchants to upgrade those EFTPOS terminals still running Version 6.0 software, as it will cease to function fromApril 30. Read more »

New online financial problem-solving platform for farmers

Press Release – Crowe Horwath

Earlier this month accounting and business advisory firm Crowe Horwath announced the launch of the online platform, ASK Crowe Horwath. Read more »

OCR REMAINS AT 2.25% – NO SURPRISE TO PERO

Press Release – Mike Pero

The Reserve Bank has this morning kept the OCR at its current rate of 2.25 per cent which has come as no surprise to real estate agency CEO Mike Pero. Read more »

Banks stay strong despite global economic uncertainty

Press Release – NZ Bankers’ Association

KPMGs Financial Institutions Performance Survey (for the quarter to December 2015) released today has found that New Zealands banks remain resilient and that the local economy continues to be buoyant, despite uncertainty in the global economic … Read more »

Official Cash Rate unchanged at 2.25 percent

Press Release – Reserve Bank

The Reserve Bank today left the Official Cash Rate unchanged at 2.25 percent. Read more »

HiFX Morning Update. April 28 2016

Press Release – HiFX

The NZDUSD opens at 0.6840 (mid-rate) this morning. .The NZD has lost ground against all its major trading partners with the exception of the AUD, ahead of this mornings RBNZ rate statement. Read more »

NZ dollar falls before RBNZ review; Fed keeps rates on hold

Article – BusinessDesk

NZ dollar falls before RBNZ statement as Fed keeps rates unchanged, drops reference to global risks Read more »

Fletcher Distribution spreads NZ ‘learnings’ to Australia

Article – BusinessDesk

April 28 (BusinessDesk) – Fletcher Buildings Distribution division is spending A$10 million to expand its Australian bathroom and plumbing supplies chain Tradelink by 60 branches, based on lessons learnt from the turnaround of its New Zealand-based … Read more »

NZD gains vs. Aussie on weakest inflation in 7 years

Article – BusinessDesk

The New Zealand dollar rose against its Australian counterpart after Australia posted its weakest inflation in seven years, sparking speculation of an interest hike across the Tasman just as the market is preparing for the local Reserve Bank’s rate decision. Read more »

Poll shows Govt seen to be handling tax haven issue “poorly”

Press Release – ActionStation

Community campaigning group ActionStation says the Government needs to act to close loopholes that have allowed New Zealand to become a tax haven. The group today released UMR polling data showing more than half of New Zealanders are concerned about New … Read more »

New stats show a property speculators’ paradise

Press Release – Green Party

Mortgage-lending stats released today by the Reserve Bank show that the Governments unwillingness to put rules in place for property speculation means investors are snapping up houses at the expense of first-time buyers, the Green Party said today. Read more »

ICBC (NZ)’s loan book soars

Article – BusinessDesk

ICBC (NZ)’s loan book soars as Chinese-owned bank taps trade ties, mortgage demand Read more »

New Zealand firms to boost capex budgets this financial year

Press Release – Alleasing

One in two New Zealand businesses plan to boost their capital expenditure (capex) budget this financial year, a move that is intended to drive down margins, accelerate growth and improve competitive positioning. These findings come from new research, … Read more »

Stay on the downward trend

Press Release – NZMEA

The Reserve Bank of New Zealand should move to continue to lower the OCR in response to continued low inflation and a high exchange rate, as well as continuing to implement financial stability measures in mortgage lending, say the New Zealand Manufacturers … Read more »

IMF to assess how NZ’s financial institutions are regulated

Press Release – Reserve Bank

The International Monetary Fund (IMF) is preparing to assess the way that financial institutions are prudentially regulated and supervised, a report says in the Reserve Bank Bulletin published today. Read more »

KiwiSaver – what would you do?

Press Release – Commission for Financial Capability

Two and a half million of us have joined KiwiSaver since it began, but not everyone is benefiting or getting the most out of it. The Commission for Financial Capability has been asking why and what can be done about it, as part of a review of retirement … Read more »

NZ dollar gains as traders split on central banks’ direction

Article – BusinessDesk

April 26 (BusinessDesk) – The New Zealand dollar rose, reversing course from an overnight selloff in a sign traders are divided about what they’ll learn about the outlook for interest rates from the central banks of Japan, New Zealand and the US this week. Read more »

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