NZ foreign trust review says disclosure rules ‘inadequate’

Article – BusinessDesk

NZ foreign trust review says disclosure rules ‘inadequate’, allow illegal activity and should be tightened Read more »

Sensible recommendations on foreign trust disclosure rules

Press Release – Chartered Accountants Australia and New Zealand

Chartered Accountants Australia and New Zealand (CA ANZ) today welcomed the release of tax expert John Shewans report to the Government inquiry into the foreign trust disclosure rules. Read more »

National Government, the property speculator’s best friend

Press Release – Green Party

The National Government is still the property speculators best friend, Green Party said today. Read more »

New statistics show mortgage lending by payment type

Press Release – Reserve Bank

The Reserve Bank has introduced a new data table (C32) which presents statistics on new and existing residential mortgage lending by payment type interest-only, and principal-and-interest loans. Read more »

Report: Inquiry into Foreign Trust Disclosure Rules

Press Release – New Zealand Treasury

1.1 The Inquiry is required to examine New Zealands foreign trust disclosure rules and to report on whether the rules, and the enforcement of them, are sufficient to ensure New Zealands reputation is maintained when considered alongside the countrys … Read more »

NZME buyers, sellers slow to meet

Article – BusinessDesk

June 27 (BusinessDesk) – NZME shares didn’t trade in the first hour after listing at midday as investors questioned the valuation of the New Zealand print media and radio assets spun off from APN News & Media. Read more »

Consultation on dual registration for non-systemic banks

Press Release – Reserve Bank

The Reserve Bank today published a consultation paper on its approach to the registration of foreign-owned banks that have a small, non-systemic, locally incorporated presence in New Zealand. Read more »

Christchurch City Holdings Update on City Care Sale

Press Release – Christchurch City Holdings Limited

Christchurch City Holdings (CCHL), as the shareholder of City Care Limited, advises that negotiations are continuing around the potential sale of City Care. These negotiations are expected to extend beyond 30 June 2016. Council Chief Financial Officer Peter … Read more »

HiFX Morning Update – June 27 2016

Press Release – HiFX

Fridays Brexit vote sent shock waves through the market with investors scrambling for safe-havens. The big winners were Gold and the Japanese Yen with the USD also benefiting from the unexpected result. Read more »

NZ dollar, swaps tumble as Brexit confounds pollsters

Article – BusinessDesk

The New Zealand dollar tumbled more than 3 US cents, or 4.4 percent, and swap rates dropped as the UK voted to leave the European Union, confounding the predictions of bookmakers and pollsters. Read more »

Brexit Fallout

Press Release – IG Markets

The surprise Leave victory in the UKs Brexit referendum has changed the calculus of global markets. We have seen the biggest intra-day volatility in the pound on record, as evidenced by it hitting a yearly high and yearly low within hours … Read more »

Attention now turns to assessing the risks

Press Release – CMC Markets

Blindsided by the outcome of Britains EU referendum, markets must now turn their attention to the task of pricing the risks or opportunities that will flow from this historic decision. Read more »

NZ interest rates plunge as Brexit gets closer to reality

Article – BusinessDesk

June 24 (BusinessDesk) – New Zealand swap rates plunged as news of the likely victory for Brexit in the UK’s referendum on whether to leave the European Union rippled through global financial markets and sent investors fleeing for safe havens. Read more »

Cavalier Corporation revises earnings position

Press Release – Cavalier Corporation

Cavalier Corporation revises earnings position Cavalier Corporation is pleased to announce a second positive earnings revision to an estimated $6 million normalised profit after tax for 2015/16. This is up $5 million on the previous years normalised … Read more »

NZ stocks turn as referendum result keeps investors guessing

Article – BusinessDesk

June 24 (BusinessDesk) – New Zealand shares gave up earlier gains as early results from Britain’s referendum on whether to leave the European Union show the race is much closer than what pundits had been picking . Read more »

Quayside Holdings Takes Significant Stake in HoneyLab

Press Release – Honey Lab

Deal gives Quayside a significant stake in the rapidly-growing BoP healthcare company 22 June 2016 Quayside Holdings, has today announced that they have taken a significant stake in the Bay of Plenty-based healthcare company HoneyLab. The investment, facilitated … Read more »

SMIB Partner with Bartercard

Press Release – Sustainable Mortgage and Insurance Brokers

Sustainable Mortgage & Insurance Brokers Director Farida Davis is pleased to announce a newly signed agreement with Bartercard NZ to allow Bartercards 7000 members the ability to pay for a range of Insurance Products using their Bartercard … Read more »

HiFX Morning Update – June 24 2016

Press Release – HiFX

The NZDUSD opens at 0.7253 (mid-rate) this morning. The NZD rallied against the majority of its trading partners overnight with the JPY weakening 2.6% and the GBP unchanged versus the Kiwi. Read more »

Discussion Paper: Inflation expectations and low inflation

Press Release – The Reserve Bank of New Zealand

A new discussion paper by Ozer Karagedikli and John McDermott has been published on the Reserve Banks website. Read more »

“Solid Result” for SBS Bank Providing Platform for Growth

Press Release – SBS Bank

SBS Bank is reporting a solid result for the financial year ending 31 March 2016 with an operating surplus of $27.7 million, a 6% increase on the $26.1 million reported last year. Read more »

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