Business Scoop


XE Data Update – NZ 3Q GDP Release

Press Release – XE Money Transfer

The NZ GDP for 3Q has just been released. The GDP for 3Q came in better than forecast overall: Adjusted GDP 3Q/ Annual: GDP +0.7% / +2.3% Consensus +0.5% / +2.3% However, 2Q GDP number was revised lower to +0.1% from +0.5%. The NZD spiked higher in immediate … Read more »

Hard Brexit still possible says Eaton Vance

Press Release – Eaton Vance

The resounding Conservative victory in the UK general election has important implications for European politics and equity markets. Read more »

CBL Class Action Moves Ahead Following FMA Announement

Press Release – CBL Class Action

The LPF backed CBL Cass Action has today confirmed it continues to receive registrations to join its legal action against the directors of CBL and the company, with additional institutional shareholders representing 3.75 million shares joining the CBL Class … Read more »

Keeping banks safe and holding executives accountable

Press Release – New Zealand Government

Keeping Kiwis money safe and ensuring they have confidence in the people running our banks are the focus of the latest decisions out of the Governments review of banking laws. Read more »

XE Morning Update December 18, 2019

Press Release – XE Morning Update

The NZDUSD opens at 0.6569 (mid-rate) this morning. Hard Brexit fears are weighing on the British pound, while upbeat US economic data has helped push the US dollar higher. The British pound is the worst performing of the G10 currencies selling off … Read more »

FMA files civil proceedings against CBL Corporation

Press Release – Financial Markets Authority

The FMA has issued two sets of civil proceedings in the Auckland High Court against CBL Corporation Limited (In liquidation) (CBLC), the six directors and the chief financial officer alleging multiple breaches of the Financial Markets Conduct Act … Read more »

Google steadily closing net on financial services industry

Press Release – Insight Online

A large number of companies in the financial services sector may soon find themselves cut off from Google advertising as the search engine giant rolls out new restrictions and policies, an Auckland agency is warning. Read more »

XE Morning Update

Press Release –

The NZDUSD opens at 0.6601 (mid-rate) this morning. Currency markets have shown little reaction to the US China trade deal agreement and have been overshadowed by global equity markets which have surged higher. US equity markets are currently trading … Read more »

Future of Cash Use – Summary of feedback published

Press Release – Reserve Bank

The Reserve Bank Te Ptea Matua has published a summary of nearly 2300 items of feedback received on its issues paper The Future of Cash Use – Te Whakamahinga Moni Anamata which was open for public consultation between 19 June and 31 August … Read more »

Regions have a stable quarter on the scoreboard

Press Release – ASB Bank

The scoreboard remained fairly stable this quarter, with three regions holding their table position and a further six moving less than three places. Gisborne held onto its reign at the top of the leaderboard. Hawkes … Read more »

Unblocking finance at scale to cool the planet

Press Release – Toha Foundry

Three of New Zealands top innovators have teamed up with the founders of Movac to build a financial marketplace that bridges the gap between environmental entrepreneurs and impact investors to solve climate and environmental challenges at scale. … Read more »

Latitude and Mastercard partner to offer payments innovation

Press Release – Latitude Financial

Latitude Financial and Mastercard have entered into a strategic partnership to deliver cutting edge digital payments solutions for New Zealand and Australia. The partnership will see significant development in Latitudes payments and lending platform, driving … Read more »

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