HiFX Morning Update, November 17, 2017

Press Release – HiFX

The NZDUSD opens at 0.6875 (mid-rate) this morning. Commodity linked currencies including the NZD continue to underperform. The AUD has been the big mover over the past 24 hours, losing ground against all its rivals following yesterdays disappointing … Read more »

RBNZ lifts Westpac NZ’s regulatory capital requirements

Article – BusinessDesk

Nov. 15 (BusinessDesk) – The Reserve Bank has lifted Westpac New Zealand’s minimum regulatory capital requirements after it failed to comply with obligations relating to its status as an internal models bank. Read more »

PMG wins Business Innovation Award

Press Release – Property Managers Group

TAURANGA , 15 November 2017 – Unlisted New Zealand property and funds manager, Property Managers Group (PMG), has won the coveted Business Innovation Award in the 2017 Westpac Tauranga Business Awards. Read more »

Kiwis care most about children at risk, the homeless and…

Press Release – Simplicity

A members survey carried out by nonprofit Simplicity KiwiSaver has confirmed that New Zealanders want charity focussed mostly on at risk children, the environment and the homeless. Read more »

Westpac capital requirements increased

Press Release – Reserve Bank

Westpac New Zealand Limited (Westpac) has had its minimum regulatory capital requirements increased after it failed to comply with regulatory obligations relating to its status as an internal models bank. Read more »

Statement from Westpac New Zealand

Press Release – Westpac

The Reserve Bank of New Zealand (RBNZ) has informed Westpac New Zealand Limited (WNZL) of its decision following a review of WNZLs compliance with aspects of its advanced internal ratings-based (IRB) accreditation. The decision applies only to WNZL and … Read more »

Outcome of FMA investigation into Goldman Sachs NZ Ltd

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger … Read more »

NZ house sale slump eases in October, drop in turnover slows

Article – BusinessDesk

Nov. 15 (BusinessDesk) – New Zealand’s housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election. Read more »

NZ financial risks have stabilised – S&P

Article – BusinessDesk

Nov. 15 (BusinessDesk) – The risks facing New Zealand’s financial system have stabilised as house price inflation and credit growth slow due to tighter macroprudential tools implemented by the Reserve Bank and higher lending rates, Standard & Poors … Read more »

Opportunity & Uncertainty in Post-Election Economy

Press Release – ASB Bank

ASB economists expect election-related uncertainty to dampen growth over the second half of the year, but say this will be short lived only and remain positive on the growth outlook for New Zealand. Read more »

Geneva Finance lifts 1H profit, buys debt collector

Article – BusinessDesk

Nov. 14 (BusinessDesk) – NZAX-listed Geneva Finance lifted first-half profit 34 percent and declared its first interim dividend. Read more »

Fighting the fraudsters

Press Release – Commission for Financial Capability

New research has found 33 per cent of New Zealanders have been actual or intended victims of scammers. Read more »

The short-term buzz with a long-term sting

Press Release – Credit Simple

Were a nation thats far too comfortable with ongoing credit card debt according to new research that shows many of us are treating our cards like a never-ending loan. Read more »

HiFX Morning Update, November 14, 2017

Press Release – HiFX

The NZDUSD opens at 0.6897 (mid-rate) this morning. Commodity linked currencies including the NZD have started the week on the back foot. The British pound has been the poorest performer of the majors as political uncertainty continues to weigh on the currency. … Read more »

Tower trading halt before capital raise, earnings loom

Article – BusinessDesk

Nov. 13 (BusinessDesk) – Tower shares have been halted ahead of tomorrow’s annual earnings announcement, where the general insurer will unveil details to raise new capital. Read more »

International Fraud Awareness Week

Press Release – Banking Ombudsman

This week is International Fraud Awareness week. The theme is how to spot a scam. The Banking Ombudsman Scheme is about resolving and preventing problems to improve banking for customers and banks. We are passionate about working collaboratively … Read more »

NZ dollar little changed ahead of US CPI

Article – BusinessDesk

NZ dollar little changed ahead of US CPI, seen as key to December rate hike Read more »

Mastercard Signs Dan Carter as Rugby World Cup Ambassador

Press Release – Mastercard

13 November 2017 Mastercard has announced three rugby stars as Rugby World Cup 2019 Japan Ambassadors Dan Carter, Michael Leitch and Akihito Yamada. Read more »

NZBA Launches Scam Resource for Fraud Awareness Week

Press Release – NZBA

As part of International Fraud Awareness Week, the New Zealand Bankers Association has launched a guide on how people can help keep themselves safe from online scams. Read more »

HiFX Morning Update, November 13, 2017

Press Release – HiFX

The NZDUSD opens at 0.6931 (mid-rate) this morning. The NZD along with other commodity linked currencies edged lower on Friday with very little in the way of economic data to dictate direction. Helped by better than expected industrial production for the … Read more »

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