NZ dollar drops vs. Australian dollar after inflation data

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand dollar dropped against the Australian dollar after unexpectedly strong inflation data across the Tasman prompted traders to wind back bets that nation’s central bank could cut interest rates. Read more »

FMA and NZX sign Memorandum of Understanding

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU). The MoU sets out the framework for engagement and co-operation between the FMA and NZX, taking into account their complementary regulatory responsibilities … Read more »

NZ privately owned businesses to have their say

Press Release – ANZ Bank

Social media, the environment and staff retention will be among the hot topics for this years ANZ Privately Owned Business Barometer survey, which kicks off this week. Read more »

NZ to begin selldown of state housing, expand subsidies: Key

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand government plans to increase the number of income-related rent subsidies by 4.8 percent over the next three years, boost the number of tenancy reviews by two-thirds and sell up to 2,000 houses as part of … Read more »

Auckland Council hires PwC’s Suzanne Tindal as CFO

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie. Read more »

Auckland Council CFO Appointment

Press Release – Auckland Council

Today Auckland Council CEO Stephen Town announced that Suzanne Tindal has been appointed as the new Chief Financial Officer. New Zealand-born Ms Tindal returned to New Zealand last year after working offshore for the past 12 years and is presently Director-Consulting … Read more »

UPDATE: Heartland shares jump to record on earnings upgrade

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Heartland New Zealand shares jumped to a record after the bank formed from the merger of Marac Finance and the Southern Cross and Canterbury building societies said first-half profit would rise as much as 44 percent, reflecting … Read more »

Heartland raises 2015 profit forecast on asset growth

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forecast on better-than-expected asset growth. Read more »

NZ dollar rises after weak US data ahead of Fed

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand dollar rose after weaker US data raised concerns the Federal Reserve may push out plans to raise interest rates this year. Read more »

F&P Appliances subsidiary fined A$200k over warranty claims

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China’s Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia. Read more »

Good deals harder to find in today’s private equity market

Press Release – Grant Thornton

Finding quality deals at good prices is becoming increasingly harder on the back of an improving fundraising climate and the easing of the debt finance market, according to Russell Moore, Partner, Advisory Services, at Grant Thornton New Zealand Ltd. Read more »

CRP project financials to benefit from exchange rate changes

Press Release – Chatham Rock Phosphate

Chatham Rock Phosphate today released updated key figures related to the financial forecasts for its project following the recent strengthening of the United States dollar, relative to both the Euro and New Zealand dollar. Read more »

Doors open at Rabobank Dargaville

Press Release – Rabobank

Rabobank will open its newest office in New Zealand next Monday February 2, 2015 located in the Northland township of Dargaville. Nestled in the heart of Dargaville, the new Rabobank branch will be located at 92 Normanby Street. Read more »

NZ dollar touches fresh 3-year low, dips below 74 US cts

Article – BusinessDesk

NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting Read more »

NZ dollar trades near 3-year low, fails to break below US74c

Article – BusinessDesk

NZ dollar trades near 3-year low after failing to break below 74 US cents Read more »

VMob raises $2.17 mln, signs McDonald’s deal, shares soar

Article – BusinessDesk

Jan. 26 (BusinessDesk) – VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald’s rolling out its platform immediately … Read more »

Racing Safety Fund open for applications

Press Release – New Zealand Government

Racing Minister Nathan Guy has announced that the next round of applications for the Racing Safety Development Fund will open on 2 February 2015. The fund supports important projects around the country to improve racecourse health and safety standards. Read more »

New NXT market unlikely to launch until at least March

Article – BusinessDesk

Jan. 26 (BusinessDesk) – The New Zealand stock exchange’s NXT growth market probably won’t have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. Read more »

Unlikely prospect of RBNZ rate cut rears head

Article – BusinessDesk

Jan. 26 (BusinessDesk) – Traders have started pricing in a small prospect of interest rate cuts this year by the Reserve Bank of New Zealand, whose forecasts have overstated the pace of inflation for two straight quarters. Read more »

Kiwibank slashes five-year home loan mortgage rate

Press Release – Kiwibank

Kiwibank has slashed 0.60% from its five-year mortgage rate with a special offer of 5.89% p.a. The offer requires a minimum 20% deposit. Kiwibank opened its New Year mortgage promotion a fortnight ago with a two-year rate of 5.55%. Read more »

« Previous PageNext Page »