Heartland Seniors Finance becomes Consumer Trusted

Press Release – Consumer NZ

To become Consumer Trusted, a business must meet Consumer NZs strict code of conduct that focuses largely on consumer law such as the Fair Trading Act and Consumer Guarantees Act. A business must show it exceeds the minimum requirements of the law. Read more »

Banks well-positioned despite continuing uncertainty

Press Release – NZ Bankers’ Association

27 July 2016 Banks well-positioned despite continuing uncertainty KPMGs Financial Institutions Performance Survey for the quarter ending March 2016 has found that banks strong performance positions them well in an environment of continuing global … Read more »

More Money Going to Responsible Investing

Press Release – Responsible Investment Association Australasia

More Money Going to, And Being Earned From, Responsible Investing 27 July 2016: A significant sum of New Zealands capital is now being invested responsibly – totalling $78.7 billion – with early signs showing consumer demand is increasingly … Read more »

HiFX Morning Update, July 27 2016

Press Release – HiFX

The NZDUSD opens at 0.7045 this morning. The NZD rallied 0.7% late yesterday afternoon after comments from Japans Finance Minister Aso, and the Kiwi held firm overnight. Read more »

Responsible investing in NZ rises 28%

Article – BusinessDesk

July 27 (BusinessDesk) – The amount of New Zealands capital being invested responsibly has grown 28 percent in the past year to $78.7 billion with take-up now ranging more broadly from the largest institutions to boutique managers and KiwiSaver providers … Read more »

NZ banks’ loan book hits fresh high of $228 bln

Article – BusinessDesk

July 25 (BusinessDesk) – The size of the mortgage books of New Zealand’s banks hit a new high of $227.7 billion in the three months ended March 31, an increase of $8.4 billion or 3.9 percent on the previous quarter. Read more »

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 »

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