NZ dollar gains vs Aussie as Australian economy shrinks

Article – BusinessDesk

Dec. 7 (BusinessDesk) – The New Zealand dollar rose against its trans-tasman counterpart after figures showed the Australian economy shrank 0.5 percent last quarter, the first time it has contracted since 2011. Read more »

HiFX Morning Update, September 8 2016

Press Release – HiFX

NZDUSD 0.7151 0.6% NZDEUR 0.6647 0.2% NZDGBP 0.5669 1.1% NZDJPY 81.41 0.5% NZDAUD 0.9563 0.2% NZDCAD 0.9465 0.3% Read more »

NZ dollar gains ahead of Wheeler speech

Press Release – BusinessDesk

Dec. 8 (BusinessDesk) – The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government’s fiscal and economic update, which may paint a more upbeat picture of the outlook. Read more »

Wheeler not keen on bank deposit insurance

Article – BusinessDesk

Dec. 7 (BusinessDesk) – The Reserve Bank is unlikely to introduce state-backed insurance on bank deposits, saying the moral hazard is too high and it prefers the option of protecting those with small balances through guaranteed repayments. Read more »

Early Xmas present for bank customer careless with PIN

Press Release – Banking Ombudsman

A bank customer who was careless with her phone banking PIN was lucky to get back $5,000 stolen from her account, says Banking Ombudsman Nicola Sladden. “Banks are not usually obliged to refund stolen money to customers who have been careless … Read more »

Investor policy changes to encourage growth

Press Release – New Zealand Government

Immigration Minister Michael Woodhouse says changes to the migrant investor policy will encourage investments that provide greater economic benefits for New Zealand. Read more »

Total online retail spending up 14%

Press Release – BNZ

Please find attached the latest BNZ and Marketview monthly report on New Zealands Online Retail Sales. Read more »

Stocks show little sign of increased risk premium

Article – BusinessDesk

Dec. 6 (BusinessDesk) – The New Zealand dollar has risen to its highest level this month and the benchmark stock index has gained from yesterday’s close, suggesting little risk premium has been added for the resignation of Prime Minister John Key … Read more »

HiFX Morning Update, December 7 2016

Press Release – HiFX

The NZDUSD opens at 0.7107 (mid-rate) this morning. After pulling back from the highs late yesterday afternoon the NZDUSD has traded a fairly tight range overnight, briefly dipping back below 71 US cents. Read more »

Tasman Receives Upgrade in Credit Rating

Press Release – Tasman District Council

Independent credit rating agency Standard and Poors has upgraded the Tasman District Councils outlook from stable to positive – with the Councils strong financial management and reducing debt listed among the reasons for the change. Read more »

Charity plight highlights role of financial reserves

Press Release – Latitude Group

The Canterbury West Coast Air Rescue Trust is usually putting away extra money at this time of year to get through the holiday season the busiest time of year for rescues. Read more »

Credit Quality of APAC Covered Bonds Will Remain Strong

Press Release – Moody’s Investors Service

The credit quality of Australian, New Zealand, Korean and Singaporean covered bonds will remain strong in 2017, underpinned by the credit quality of issuers and sovereigns. Read more »

HiFX Morning Update, December 6 2016

Press Release – HiFX

The NZDUSD opens at 0.7141 (mid-rate) this morning. After falling back below 0.7100 from a high of 0.7150 following the shock resignation of Prime Minister John Key the NZD has retraced the move and we open up this morning with the NZD retesting … Read more »

Moody’s view on New Zealand PM resignation

Press Release – Moody’s Investors Service

There are no implications from the Prime Minister’s resignation for New Zealand’s sovereign credit profile. Read more »

HiFX Data Update – Prime Minister’s Resignation

Press Release – HiFX

Breaking News: John Key has just announced he is resigning as Prime Minister. The National Party caucus will hold a meeting on 12th December to decide the new party leader and Prime Minister. John Key has indicated Finance Minister Bill English is … Read more »

Italian Referendum Outcome Adds Pressure

Press Release – ThinkMarkets

The Italian referendum result has brought a massive typhoon for the prime minister Matteo Renzi. His resignation was inevitable due to the vile outcome of this referendum. This opens the floor of an early election and presents more political instability … Read more »

Christmas spending building steadily

Press Release – Paymark EFTPOS

The earthquake of Monday 14 November caused a drop in spending on the day in most New Zealand regions. Underlying spending through the Paymark network was 3.0% or $4.2 million below the level of the previous Monday. A similar estimate of the national … Read more »

NZ dollar gains after mixed US jobs data weighs on greenback

Article – BusinessDesk

Dec. 5 (BusinessDesk) – The New Zealand dollar rose after US non-farm payrolls painted a mixed picture of the US labour market, with slightly fewer jobs created last month but with the unemployment rate falling to a nine-year low. Read more »

HiFX Morning Update, December 5 2016

Press Release – HiFX

Broad USD weakness following Fridays payroll report has helped push the NZD back above 71 US cents. Although the report showed that jobs increased by more than expected (178k jobs Vs expected 170k jobs) and unemployment fell by 0.3% to a nine year low … Read more »

Harmoney fined $292k for misleading marketing campaign

Press Release – Commerce Commission

Peer-to-peer lender Harmoney has today been fined $292,500 in the Auckland District Court for misleading consumers into believing they had been pre-approved for a personal loan. Read more »

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