Surfing This Economic Boom

Press Release – National Business Review

It has been another good year for the countrys rich. From the high-tech fields of cloud computing to the great dairying plains of Canterbury and the Waikato, fortune favours the brave. Read more »

New player Youi Insurance to shake up NZ

Press Release – Youi

Theres a new player in the car, home and contents insurance market – Youi. It stands for You.Insured. With a licence granted by the Reserve Bank to operate in New Zealand, Youi is now ready to offer Kiwis a compelling alternative to find competitively … Read more »

Equity Crowdfunder Snowball Effect Gets FMA Green Light

Press Release – Snowball Effect

Snowball Effect was this morning granted New Zealands first equity crowdfunding licence by the Financial Markets Authority and is arranging a launch date for the week beginning 11 August. Read more »

PledgeMe, Snowball Effect gain equity crowd-funding licences

Article – BusinessDesk

July 31 (BusinessDesk) – The Financial Markets Authority has awarded its first equity crowd funding licences to two platforms, nearly five months after the process first began. Read more »

Foss welcomes first crowd-funding licence

Press Release – New Zealand Government

Commerce Minister Craig Foss today welcomed New Zealands first equity crowd-funding and peer-to-peer lending licences. The Financial Markets Conduct Act, passed in August last year, made crowd-funding and peer-to-peer lending possible. It is fantastic … Read more »

PledgeMe awarded equity crowdfunding license

Press Release – PledgeMe

PledgeMe , New Zealands first and biggest crowd-funding site, was awarded one of the first equity crowdfunding licences in New Zealand today. Read more »

FMA issues first equity crowd funding licences

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013 . Read more »

NZ dollar holds near 7-week low as US GDP, FOMC loom

Article – BusinessDesk

July 30 (BusinessDesk) – The New Zealand dollar held near a seven-week low as traders await figures expected to show US economic growth is back on track and the results of the Federal Reserve’s monetary policy review, which may hint at a better outlook. Read more »

Major campaign launches to end gross overtaxation of savings

Press Release – Fair Tax for Savers Campaign

Major campaign launches to end gross over taxation of savings, deliver huge retirement income increases Read more »

Auckland Airport may value land as high as $2.7 billion

Article – BusinessDesk

Auckland Airport may value land as high as $2.7 billion, up $745 million from 2011 Read more »

MOU signed to improve agency cooperation

Press Release – New Zealand Government

Police Minister Anne Tolley and Commerce Minister Craig Foss today welcomed an updated memorandum of understanding (MOU) between the Financial Markets Authority (FMA) and the Serious Fraud Office (SFO). Read more »

Taxpayers’ Union Support ‘Fair Tax for Savers’ Campaign

Press Release – New Zealand Taxpayers’ Union

The Taxpayers Union is teaming up with Age Concern, Consumer NZ and the Financial Services Council to support the Fair Tax for Savers campaign which launched this afternoon. Jordan Williams, Executive Director of the Taxpayers Union , says: Read more »

NZ banks set to stay profitable, Moody’s says

Article – BusinessDesk

July 30 (BusinessDesk) – New Zealand’s banks should be able to maintain their strong levels of profitability, even as mounting competition puts pressure on their margins, according to ratings agency Moody’s Investors Service. Read more »

Labour will raise minimum wage, restore work rights

Press Release – New Zealand Labour Party

A Labour government will raise the minimum wage $2 an hour to $16.25 and restore work rights to ensure the benefits of economic growth are shared fairly by all New Zealanders, Labour Leader David Cunliffe says. Read more »

Auckland man convicted, fined $25,000 for illegal gasfitting

Press Release – Plumbers Gasfitters and Drainlayers Board

A welder who illegally installed gas pipes and appliances at a home in Auckland was convicted and fined $25,000 in the Auckland District Court. Judge Dawson also ordered he pay reparations of $6,039 along with court costs and solicitors fees. Read more »

Local Taranaki business fined $6000 for illegal gasfitting

Press Release – Plumbers Gasfitters and Drainlayers Board

MD Brown & Co Limited, a team of plumbers who have over 30 years combined experience in plumbing and drainlaying, should have known that similar to these trades it is illegal to carry out gasfitting work without authorisation from the Board. Read more »

Metroglass shares debut at $1.75, for 2.9% gain from IPO

Article – BusinessDesk

July 30 (BusinessDesk) – Shares of Metro Performance Glass rose 2.9 percent on their NZX debut, after a $244.2 million initial public offer which saw private equity owners Crescent Capital and Anchorage Capital reduce their ownership to an 18.5 percent … Read more »

Construction activity again pushes Cantometer to fresh high

Press Release – ASB Bank

Non-residential building consents continue to improve while dwelling consent issuance could be starting to plateau. Read more »

Kiwibank raises floating loan rates and deposit rates

Press Release – Kiwibank

Kiwibank has raised its variable interest rates from 6.40% p.a. to 6.65% p.a. The increase is effective tomorrow (July 30) for new customers and August 12 for existing customers. Read more »

NZ dollar falls below 85 US cts after Fonterra cuts payout

Article – BusinessDesk

July 30 (BusinessDesk) – The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra Cooperative Group cut its forecast payout to dairy farmers and a stronger US currency saw the kiwi lose some of its allure. Read more »

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