New Zealand’s Sportfunder announce partnership with Pozible

Press Release – Joint Press Release

New Zealands Sportfunder announce partnership with Pozible, Australias largest and most successful crowdfunding platform Kiwi-based crowd funding platform Sportfunder is partnering with one of Australias largest crowdfunding sites, Pozible, to extend … Read more »

Christmas Eve sets new record

Press Release – Paymark Plus

The busiest 15 seconds in retail shopping in New Zealand came early this year with the peak arriving at 11:45am rather than falling in the traditional 1230 to 1pm period. Last year Christmas Eve peaked at 157 transactions per second. This year that figure … Read more »

NZ housing credit growth slows as bank lending curbs bite

Article – BusinessDesk

Dec. 22 (BusinessDesk) – Housing credit growth continued to lose momentum in November, according to fresh figures from the Reserve Bank of New Zealand, as the latest investor loan-to-value ratio (LVR) restrictions look to be weighing on borrowing. Read more »

NZ dollar edges lower as greenback strength increases

Article – BusinessDesk

Dec. 22 (BusinessDesk) – The New Zealand dollar fell as a stronger US dollar continues to dominate markets, overshadowing a better-than-expected gross domestic product number. Read more »

Businessdesk – Year in Review

Article – BusinessDesk

Dec. 22 (BusinessDesk) – New Zealand’s benchmark S&P/NZX 50 Index reached a record in September but its 10 percent correction since then puts it on track for the slowest pace of growth in five years. The 2016 year also confounded many stock pickers. Read more »

NZ Super, ACC appoint Kiwibank directors

Article – BusinessDesk

Dec. 22 (BusinessDesk) The New Zealand Superannuation Fund and the Accident Compensation Corp today announced two appointments to the board of state-owned Kiwibank. Read more »

Sovereign Retains A+ (Superior) Financial Strength Rating

Press Release – Sovereign

New Zealanders can continue to count on Sovereign Insurance in lifes moments of truth after international credit ratings agency A.M. Best announced the company will retain its financial strength rating of A+ (Superior) for the ninth consecutive year. Read more »

Milford to close out new $150 mln private equity fund early

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Milford Asset Management will close out its recently launched private equity fund earlier than planned after finding more investor interest than expected. Read more »

NZ dollar falls to new six-month low

Article – BusinessDesk

Dec. 20 (BusinessDesk) – The New Zealand dollar hit fresh six-month lows today in the face of a stronger US dollar as Donald Trump was confirmed as the next US president. Read more »

Cooperative Bank boss Bruce McLachlan to go early next year

Article – BusinessDesk

Dec. 20 (BusinessDesk) – Cooperative Bank chief executive Bruce McLachlan will leave the lender early next year after choosing to take a new leadership position with another New Zealand business. Read more »

Top 10 market predictions for 2017

Press Release – Colliers International

Some of this will be due to better than forecast employment figures and export opportunities, but also due to rebuild requirements from the latest series of earthquake damages. Early estimates suggest around $2 billion to $5 billion will need to be spent … Read more »

International Anti-Money Laundering Supervisors meet

Press Release – Department Of Internal Affairs

The Department of Internal Affairs represented New Zealand at an international forum in Washington of supervisors who combat money laundering and terrorism financing (on 8 December). The other NZ supervisors under the Anti-Money Laundering and Countering … Read more »

Harmoney Awarded Canstar 5 Star Award Second Year Running

Press Release – Harmoney

New Zealand peer-to-peer lending marketplace Harmoney has been awarded a Canstar 5 Star Award for the second year running for its unsecured A Credit Rating personal loan. Read more »

Charity Reporting Standards: Has the Message Got through?

Press Release – The Gift Trust

By Julia Capon I might live in a charity bubble in my work at The Gift Trust , but the talk of the New Reporting Standards seems to have been prolific in my sphere over the past few years – from free workshops run by Charities Services, to accounting … Read more »

Foreign cheques may take longer to process

Press Release – Banking Ombudsman

Be aware that if you bank a foreign cheque you get for Christmas it may take longer to process, says Banking Ombudsman Nicola Sladden. Read more »

NZ dollar recovers from Friday’s selloff

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The New Zealand dollar consolidated below 70 US cents, recovering some ground from Friday’s selloff in New York after a survey showed a pickup in business confidence led by the construction industry. Read more »

Response to Commerce Commission District Court Proceedings

Press Release – Godfreys

Godfreys Limited has been cooperating with the New Zealand Commerce Commission (NZCC) in its enquiries into disclosure requirements concerning extended warranty agreements issued by Godfreys between June 2014 and September 2015. Read more »

Havenleigh Global Services Ltd v Henderson

Press Release – New Zealand High Court

This summary is provided to assist in the understanding of the Courts judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment and reasons … Read more »

NZ Super Fund to invest up to $260M in local SMEs

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The New Zealand Superannuation Fund will invest as much as $260 million over the coming decade in small-scale local enterprises through three new mandates with Kiwi private equity firms. Read more »

NZ dollar drops below 70 US cents

Article – BusinessDesk

The New Zealand dollar fell below 70 US cents, touching a six-month low in US trading on Friday, as two Federal Reserve speakers talked up the prospect of further interest rate hikes in the US, trumping expectations the Reserve Bank will begin raising rates … Read more »

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