Financial literacy website launches

Press Release – New Zealand Government

Commerce Minister Craig Foss today welcomed the launch of The Exchange website a platform to support and deliver financial literacy programmes. Read more »

Continued US Dollar strength keeps Kiwi on the ropes

Press Release – CMC Markets

The weekends gathering of global central bankers at Jackson Hole has reinforced the different challenges facing major economys at present, and endorsed the view of a stronger US Dollar. Fed Chair Janet Yellen acknowledges the improving unemployment … Read more »

Brierley’s Mercantile backs buyer of Tower life business

Article – BusinessDesk

Aug. 26 (BusinessDesk) – Veteran corporate raider Ron Brierley’s Mercantile Investment Co is backing the buyer of general insurer Tower’s life business, Foundation Life (NZ) Holdings. Read more »

Rabobank Recognises the Challenge of Farm Succession

Press Release – Rabobank

As part of Rabobanks focus on assisting New Zealand farmers with the challenges of succession planning, the agricultural specialist bank has announced it has strengthened its succession team with the appointment of succession planning manager Chris Haworth. Read more »

NZ dollar falls as Yellen helps lift greenback

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar fell after Federal Reserve chair Janet Yellen gave a more hawkish view of the US economy and tensions rose over Ukraine, sapping risk appetite. The kiwi extended its slide amid talk the central bank may … Read more »

$20k grant ‘definitely makes it easier to buy homes sooner’

Press Release – Jalcon Homes

The $20,000 grant announced by National will definitely make it easier for people to get in to their own homes sooner, says one of Aucklands biggest residential builders, Jalcon Homes. Read more »

Westpac enters exclusive partnership with Moven

Press Release – Westpac

Westpac is entering into an exclusive New Zealand partnership with New York based start-up Moven to launch a series of new mobile initiatives over the next two years. Read more »

William Yan-related Mega stake under restraining order

Article – BusinessDesk

Aug. 25 (BusinessDesk) – An 18.8 percent stake in cloud storage and encryption firm Mega has been placed under a restraining order as part of a freeze on the assets of Auckland business William Yan. Read more »

BNZ app delivers another NZ first

Press Release – BNZ

Vodafone and 2degrees customers will find that staying connected is about to become even easier, and most importantly; instant. The latest capability added to BNZs award-winning mobile banking app will enable customers to instantly add credit to … Read more »

Transaction Services Group appoints new Financial Controller

Press Release – Transaction Services Group

Transaction Services Group, Australasias leading payment solution company, has appointed Mr Matthew Fergusson to the role of Financial Controller. Read more »

Home buyer subsidy discredited in Oz

Press Release – New Zealand Labour Party

Treasury advised against Nationals policy of ramping up home buyer subsidies after it was discredited in Australia because it pushed house prices even higher, Labours Housing spokesperson Phil Twyford says. Read more »

Heartland meets guidance with rebound in FY profit

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Heartland New Zealand, the bank formed from the merger of Canterbury and Southern Cross building societies and Marac Finance, posted a rebound in profit that met its guidance this month and reiterated its projection for earnings … Read more »

New Taiwan-NZ venture fund closes first tranche with US$75M

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The government-backed New Zealand Venture Investment Fund has closed the first tranche of capital-raising for a new fund that aims to back kiwi firms into the greater China market, raising US$75 million and targeting at … Read more »

NZ dollar weakens as Fed’s Yellen less dovish than expected

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar weakened on US dollar strength after Federal Reserve chair Janet Yellen was less dovish than expected in her speech to an annual gathering of world central bankers at Jackson Hole, Wyoming. Read more »

Renaissance gets to $700k target early

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Blenheim boutique beer brewer, Renaissance, has wooed small investors to fill its order for $700,000 of new capital in just a week and a half, a quarter of the time the novel offer was open for punters to commit funds. Read more »

NZ dollar falls as economy seen settling to more modest pace

Article – BusinessDesk

Aug. 21 (BusinessDesk) – The New Zealand dollar declined, and could fall another 1.1 percent before finding firm support, on signs domestic economic growth is settling to a more moderate pace at a time traders are increasing bets on a revival in the … Read more »

AMP NZ first-half results: operating earnings up 5% to $59m

Press Release – AMP

Leading wealth management and insurance provider, AMP Financial Services, has today announced operating earnings of NZ$59.4 million for the half-year to 30 June 2014. This is an increase of 5% from the same time last year and has been driven by increasing … Read more »

AMP’s NZ financial services lift 1H earnings 5% on KiwiSaver

Article – BusinessDesk

Aug. 21 (BusinessDesk) – AMP’s New Zealand financial services unit lifted first-half earnings as it increased KiwiSaver cashflows and boosted funds under management, while improving its margins. Read more »

ASB / Main Report Regional Economic Scoreboard

Press Release – ASB Bank

Canterbury once again holds onto the top spot in the ASB/Main Report Regional Economic Scoreboard. Read more »

First use of FMA power to exercise investor’s right to sue

Press Release – Chapman Tripp

The Financial Markets Authority ( FMA ) today filed civil proceedings under its new power to ‘stand in the shoes’ of another and exercise that person’s right to take action against a financial markets participant. Read more »

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