Govt to oppose appeal blocking $1.2B Auckland housing plan

Article – BusinessDesk

Feb. 1 (BusinessDesk) – Environment Minister Nick Smith and Housing New Zealand have joined legal proceedings in support of Auckland Council and Fletcher Building opposing a bid by community groups to only allow low-rise housing in a $1.2 billion housing … Read more »

Banks hire Cameron Partners to look at Paymark

Article – BusinessDesk

Feb. 1 (BusinessDesk) – New Zealand’s four biggest lenders have hired investment bank Cameron Partners to run the ruler over electronic payments firm Paymark, which they jointly own. Read more »

New RBNZ Discussion Paper: How exporters set prices

Press Release – Reserve Bank

The first discussion paper of the year has been published on the Reserve Banks website. Read more »

Top Executive Team Appointed to Lead Liberty

Press Release – Liberty Financial

Top Executive Team Appointed to Lead Liberty Australasian financial services group Liberty Financial has appointed two senior executives to head its New Zealand operations, which includes Mike Pero Mortgages. Mark Collins has been appointed Chief Executive … Read more »

Three years free education for the 21st century economy

Press Release – New Zealand Labour Party

Labours Working Futures Plan will provide three years of free post-school education across a persons life so New Zealanders can thrive in the 21st century economy, Opposition Leader Andrew Little announced today. Read more »

NZ dollar rises vs. yen after BoJ introduces negative rates

Article – BusinessDesk

NZ dollar rises to 3-week high vs. yen after BoJ introduces negative interest rate Read more »

Revolutionising Retirement

Press Release – Retirement Income Group

Lifetime Income products are now available in New Zealand, signaling a significant development for the retirement sector. Read more »

Ride for less with ASB and Uber

Press Release – ASB Bank

ASB and Uber have teamed up to offer personal ASB Visa credit card holders 15% off each Uber ride from 1 February until 31 July, 2016 Read more »

Bankers warn more forced dairy farm sales likely

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Banks say more heavily indebted New Zealand dairy farmers will be asked to sell up as non-performing loans increase with lower forecast payouts. Read more »

NZ Bankers’ Association announces new Chief Executive

Press Release – NZ Bankers’ Association

The New Zealand Bankers Association (NZBA) is delighted to announce that Karen Scott-Howman has been appointed to the role of Chief Executive. Read more »

New Zealand wine industry financial metrics remain sound

Press Release – Deloitte

The New Zealand wine industry continues to show sound financial metrics in 2015 on the back of profitability in all but the smallest wineries and stable or increased gross margins across the board, according to the tenth annual financial benchmarking … Read more »

Employees set to hold the power in 2016

Press Release – Robert Walters

Recruiters will need to be more creative and focused to ensure they are able to attract appropriately qualified and skilled candidates Read more »

HiFX Morning Update, January 29 2016

Press Release – HiFX

The NZDUSD opens at 0.6482 (mid-rate) this morning. The NZD lost ground against all its major trading partners with the NZD reaching a low of 0.6418 almost 100 points from yesterdays open. Read more »

NZ dollar gains as greenback falls on weak US economic data

Article – BusinessDesk

Jan. 29 (BusinessDesk) – The New Zealand dollar advanced as weak US data stoked speculation the Federal Reserve will be cautious in hiking US interest rates further. Read more »

BNZ Weekly Overview January 28 2016

Press Release – BNZ Weekly

The Reserve Bank left the cash rate at 2.5% this morning which surprised no-one. But they did open the door a bit more to cutting further, so although our view remains that they wont move again, one cannot rule out a 0.25% reduction in March. A lot … Read more »

NZ dollar, swaps fall after RBNZ, Fonterra statements

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand dollar and swap rates fell after a one-two hit from Fonterra Cooperative Group lowering its forecast payout and the Reserve Bank opening the door to further interest rate cuts this year. Read more »

RBNZ Cash Rate unchanged at 2.50% – NZD lower

Press Release – HiFX

The RBNZs Official Cash Rate (OCR) is unchanged at 2.50%. This was widely expected. The key points in the RBNZ statement are: Read more »

Official Cash Rate unchanged at 2.5 percent

Press Release – Reserve Bank

The Reserve Bank today left the Official Cash Rate unchanged at 2.5 percent. Uncertainty about the strength of the global economy has increased due to weaker growth in the developing world and concerns about China and other emerging markets. Prices for … Read more »

RBNZ’s Wheeler opens door for more rate cuts

Article – BusinessDesk

RBNZ’s Wheeler opens door for more rate cuts with inflation set to rise more slowly; kiwi drops Read more »

HiFX Morning Update, January 28 2016

Press Release – HiFX

The NZDUSD opens at 0.6515 (mid-rate) this morning. The NZD has outperformed all its major trading partners with the AUD the only exception. The AUD pushed higher yesterday afternoon following their better-than-expected Q4 CPI data release. Read more »

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