Businesses more confident as Cantometer hits new high

Press Release – ASB Bank

The ASB Cantometer rose to fresh high of 1.9 in September. Businesses demonstrating confidence in major construction projects. Tourism recovery slow but steady. Read more »

Who’s on Location goes looking for cash

Article – BusinessDesk

Sept. 26 (BusinessDesk) – Wellington visitor management software firm WhosonLocation is looking to raise up to $3 million in private equity as it seeks the next phase of growth since it launched five years ago. Read more »

Heartland director Gary Leech resigns to focus on City Care

Article – BusinessDesk

Sept. 26 (BusinessDesk) – Heartland New Zealand director Gary Leech will retire from the lender’s board next month, after three years on the board including when the bank formed after the merger of Canterbury and Southern Cross building societies … Read more »

NZ dollar slumps to year low after Wheeler jawbones kiwi

Article – BusinessDesk

NZ dollar slumps to year low after RBNZ’s Wheeler jawboned it below 80 US cts Read more »

Tax office appeals Vector’s $53 million win on CBD tunnel

Article – BusinessDesk

The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator’s access rights to its Auckland CBD tunnel. Read more »

NZ dollar drops after Wheeler says level unjustified

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The New Zealand dollar tumbled more than half a US cent after Reserve Bank governor Graeme Wheeler invoked two of the conditions for the bank to intervene in currency markets, saying its strength was “unjustified … Read more »

Good management keeps banks strong

Press Release – NZ Bankers’ Association

Banks are managing their businesses well and that helps support New Zealands economic growth said the New Zealand Bankers Association in response to KPMGs Financial Institutions Performance Survey for the quarter to June 2014. Read more »

FMA got fewer complaints in 2014, had 30 open cases

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The Financial Markets Authority received fewer complaints in its 2014 financial year after the David Ross Ponzi investigation sparked a flood on inquiries in 2013, and had just 30 open cases at the end of the period. Read more »

FMA releases 2014 Investigations and Enforcement Report

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today released its Investigations and Enforcement Report for the year ending 30 June 2014. The report highlights the key themes and issues that emerged from the FMAs enforcement activities during the reporting … Read more »

Balance of Payments and International Investment Position

Press Release – Statistics New Zealand

Key facts At 31 March 2014: Of New Zealands $171.2 billion total investment abroad, 58.1 percent was in Australia, the United States, and the United Kingdom. Of the $322.3 billion foreign investment in New Zealand, 62.3 percent was from … Read more »

Why is ANZ Attempting to Casualise its Workforce

Press Release – First Union

As banks celebrate their windfalls today, workers at ANZ are considering going on strike to protect job security at New Zealands most profitable bank. Read more »

Team Uses A.I to Help Against Financial Fraud

Press Release – SunGard

September 25, 2014 – On September 12, 11 teams from seven countries met at Londons Emirates Stadium to participate in the final championship round of SunGards second annual Codeathon, the Global Coder Cup . The finalists were given 48 hours and a … Read more »

Westpac, Kiwibank lead earnings growth among banks in 2Q

Article – BusinessDesk

Sept. 25 (BusinessDesk) – Westpac Banking Corp and Kiwibank led earnings growth among New Zealand’s banks in the second quarter, as increased lending and wider margins propped up profits. Read more »

NZ dollar rises against euro after weak European reports

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The New Zealand dollar jumped against the European common currency overnight after a report signalled further weakness in the European economy, fuelling bets the European Central Bank may add further stimulus. Read more »

Auckland households to get record $335 electricity dividend

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Hundreds of Auckland householders are receiving a financial boost of $335 today, in a record annual electricity dividend totalling $105 million from Auckland Energy Consumer Trust Read more »

RAM Investors Ask Minister to Fix NZ Financial Regulation

Press Release – RAM Investors Group

Investors in the failed Ross Asset Management have written to the Minister of Commerce asking him to address the appalling lack of financial regulation in NZ that has allowed the 170,000+ investors who have been robbed and stripped in recent years, to recover … Read more »

Biggest Infratil trade since January

Article – BusinessDesk

Sept. 24 (BusinessDesk) – The biggest trade in Infratil shares since January has coincided with the price hovering above a six-year high. Read more »

Boom year for Milford Funds as funds generate more fees

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Milford Funds , the public issuer of Milford Asset Management’s retail funds, reported a 79 percent jump in annual fee revenue reflecting an inflow of money from investors and increase performance fees. Read more »

Mainzeal liquidator gets $151.3M unsecured creditor claims

Article – BusinessDesk

Sept. 24 (BusinessDesk) – The liquidator for the failed Mainzeal group of companies has received $151.3 million in claims from unsecured creditors, and is working its way through the applications as it looks at ways to claw back funds for those people … Read more »

Airpoints expands to include 100 new partners

Press Release – Air New Zealand

Air New Zealand has today announced a significant expansion of the Airpoints programme with the addition of more than 100 new earning partners. Read more »

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