Government ekes out six-month surplus of $9M

Article – BusinessDesk

Feb. 16 (BusinessDesk) – The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs … Read more »

IRD-approved Flexi Account launched

Press Release – Tax Management New Zealand

Business taxpayers now have a way to pay income tax on their terms, not Inland Revenues. Read more »

NZ banks likely to scale bank lending growth in 2017

Article – BusinessDesk

Feb. 16 (BusinessDesk) – New Zealand banks are likely to wind back the pace of new lending this year as a margin squeeze caused by higher capital requirements for the big four Australian-owned banks and greater use of more expensive wholesale funding … Read more »

Outlook subdued for NZ Equity Capital Markets

Press Release – Chapman Tripp

The drop in the number of NZX Main Board issuers experienced in 2016 seems likely to continue in 2017, says Chapman Tripp Partner Rachel Dunne. Read more »

New babybot takes on KiwiSaver

Press Release – Commission for Financial Capability

Its alive! Artificial intelligence is taking over conversations about KiwiSaver with the launch of a new chatbot. Read more »

Challenging market conditions drive drop in bank profits

Press Release – KPMG

After achieving an all-time record profit of $5.17 billion in 2015, KPMGs Financial Institutions Performance Survey (FIPS) reveals New Zealand banks profits decreased slightly in 2016. As banks managed challenging market conditions, net profit after … Read more »

HiFX Morning Update, February 16 2017

Press Release – HiFX

The NZD along with the AUD have pushed higher against all the majors over the past 24hrs Read more »

Synergy accepting pension transfers

Press Release – Synergy

Synergy is pleased to announce it is accepting UK pension and New Zealand superannuation transfers via the i-select Superannuation Scheme. In certain circumstances, legacy New Zealand superannuation schemes may qualify for transfer into Synergy via the … Read more »

ASB lifts first-half earnings on bigger loan book

Article – BusinessDesk

Feb. 15 (BusinessDesk) – ASB Bank boosted first-half earnings 6 percent as the local unit of the Commonwealth Bank of Australia grew its residential, commercial and agriculture lending, even as more expensive funding squeezed margins. Read more »

ASB posts solid first half profit

Press Release – ASB Bank

ASB today reported statutory net profit after taxation (NPAT) of $525 million for the six months ended 31 December 2016. This represents an 11% increase on the prior comparative period. Read more »

FMA updates Strategic Risk Outlook

Press Release – Financial Markets Authority

Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO) . This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent … Read more »

HiFX Morning Update – September 15 2017

Press Release – HiFX

The NZDUSD opens at 0.7157 (mid-rate) this morning. The U.S. dollar strengthened against all its major rivals after Federal Reserve Chairwoman Janet Yellen left the door wide open for a rate hike at next months monetary policy meeting. Yellen … Read more »

NZ dollar falls vs Aussie on China data

Article – BusinessDesk

Feb. 14 (BusinessDesk) – The New Zealand dollar fell against the Australian dollar after a strong business survey across the Tasman and better-than-expected data out of China. Read more »

RBNZ to hold more talks over bank quarterly disclosure

Article – BusinessDesk

Feb. 14 (BusinessDesk) – The Reserve Bank will hold another round of talks with the banking sector after lenders pushed back on the detail of its proposed ‘dashboard’ regime for making their financial information available outside of half-year and … Read more »

Reserve Bank senior adviser receives Central Banking Award

Press Release – Reserve Bank

London-based Central Banking Publications (the Central Banking Journal and CentralBanking.com) announced overnight that Dr Krippner won this years Economics in Central Banking Award. Read more »

Secured Signing gives Yes Finance the Competitive Edge

Press Release – Secured Signing

Digital signatures from Secured Signing are a key tool for Yes Finance to efficiently and reliably service a national customer base, providing the convenience and speed that places them ahead of their competition. Read more »

New Zealand dollar rises from 4-month low vs Aussie

Article – BusinessDesk

Feb. 13 (BusinessDesk) – The New Zealand dollar bounced from a four-month low against the Australian dollar as some investors found the levels attractive after a sharp sell-off last week. Read more »

HiFX Morning Update, February 14, 2017

Press Release – HiFX

The NZDUSD opens at 0.7175 (mid-rate) this morning. The NZD has edged lower against the majority of its trading partners overnight with yesterdays better than expected electronic card transactions data release (which bodes well for Fridays retail … Read more »

New Zealanders at risk of sexually transmitted debt

Press Release – Credit Simple

Love might be in the air, but research from credit score company CreditSimple.co.nz shows it doesnt necessarily translate to the bank account. A recent survey shows almost 28 per cent of New Zealanders have been burnt financially by a partner, sparking … Read more »

HiFX Morning Update, February 13 2017

Press Release – HiFX

The NZDUSD opens at 0.7185 (mid-rate) this morning. The NZD continued to trade tight ranges against all its major rivals on Friday evening, still unable to break back above 72 cents against the USD. Global sentiment improved on Friday as the news broke … Read more »

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