NZ dollar edges up from 5-year low, may resume slide

Article – BusinessDesk

NZ dollar edges up from 5-year low, may resume slide as Greek deadline looms Read more »

BERL forecasts weaker short-term growth as shadows hover

Press Release – BERL

Three months ago we tentatively titled our forecast a post-dairy era. This time around, equally tentatively, we suggest we may need to prepare for a post-euro era. Read more »

Estero Property Investment Urge People To Buy Now In The US

Press Release – Pure Seo

The exchange rate has a big impact on decisions to invest overseas and at the moment Fonterra and a number of other large institutions are forecasting the US dollar will get stronger with the result that the NZ dollar will become weaker. A Forex Crunch … Read more »

Transaction Services Group appoints President for US

Press Release – DebitSuccess

Transaction Services Group appoints President for United States office Transaction Services Group (TSG), a New Zealand based leading global payment solutions provider, has announced that Michael A. Feliciano will join the company as President of Transaction … Read more »

Flight to quality

Press Release – CMC Markets

Initial market reactions to weekend news on Greece have understandably involved a flight to quality. This mornings early market reaction has included selling Eurodollars and stock futures on the one hand and buying $US; Japanese yen and gold on the other. Read more »

RESEND: SeaDragon continues with leadership changes

Article – BusinessDesk

June 29 (BusinessDesk) – Leadership changes continue at SeaDragon, the Omega 3 fish oils company, with a number of new directors being appointed to add production and supply chain management experience ahead of its move into commercial production. Read more »

SeaDragon continues with board overhaul

Article – BusinessDesk

June 29 (BusinessDesk) – Leadership changes continue at SeaDragon, the Omega 3 fish oils company, with a number of new directors being appointed to add production and supply chain management experience ahead of its move into commercial production. Read more »

NZ firms innovate more with R&D grants, report shows

Article – BusinessDesk

NZ firms innovate more with R&D grants but overall innovation commercialisation is down, report shows Read more »

HiFX Morning Update – June 29

Press Release – HiFX

Consumer sentiment in the U.S. has improved by even more than previously estimated in the month of June, according to a report released by the University of Michigan on Friday night. It was upwardly revised to 96.1 from the mid-month reading of 94.6 … Read more »

NZ dollar falls to fresh 5-year low on Greek uncertainty

Article – BusinessDesk

NZ dollar falls to fresh 5-year low as investors seek safe haven assets on Greece uncertainty Read more »

Halifax New Zealand Gains Derivatives Issuer License

Press Release – Halifax NZ

Halifax New Zealand Ltd, the online broking firm (www.halifaxonline.co.nz), has gained a derivatives issuer license from the Financial Markets Authority. This allows clients to transact a variety of financial instruments, including futures, options, … Read more »

Kiwi currency still ‘unjustifiable’, ‘unsustainable': RBNZ

Article – BusinessDesk

June 26 (BusinessDesk) – New Zealand’s Reserve Bank reiterated that the local currency is at “unjustifiable and unsustainable levels”, conditions that need to be met for it to intervene in the foreign exchange market. Read more »

CORRECT: AMP Capital NZ lifts 2014 income, profit up on sale

Article – BusinessDesk

June 25 (BusinessDesk) – AMP Capital Investors (New Zealand), the local funds management arm of Australia’s AMP, reported a 6.7 percent gain in net fee income in 2014, while the sale of a stake in a property management business to its parent generated a jump … Read more »

AMP Capital NZ lifts 2014 profit on sale to parent

Article – BusinessDesk

June 25 (BusinessDesk) – AMP Capital Investors (New Zealand), the local funds management arm of Australia’s AMP, reported a 6.7 percent gain in net fee income in 2014, while the sale of a stake in a property management business to its parent generated a jump … Read more »

Restrictions on High LVR Lending Information Release

Press Release – New Zealand Treasury

There have been two information releases relating to the Reserve Bank of New Zealand’s (RBNZ) restrictions on high loan-to-value ratio (LVR) lending. Read more »

Government inaction leads to blurring of roles

Press Release – New Zealand Labour Party

The Treasury wouldnt have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labours Finance spokesperson Grant Robertson says. Read more »

Heartland dismisses F&P Finance speculation

Article – BusinessDesk

June 26 (BusinessDesk) – Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, has dismissed media speculation that it is in the running to buy Fisher & Paykel Finance. Read more »

ANZ unveils new Matariki ATM surrounds

Press Release – ANZ

ANZ unveils new Matariki ATM surrounds To kick off a month-long celebration of all things Mori, ANZ ATMs at several locations around the country will feature special Matariki themed surrounds. Created by artist Kereama Taepa, of Ngti Whakaue and … Read more »

HiFX Morning Update, June 26

Press Release – HiFX

The Kiwi found some reprieve in yesterdays session managing to pop up through 0.6900 but remained very much range bound overnight as the market still waits for signs of progress in the Greek situation. This kept US equities on the back foot … Read more »

NZ dollar little changed as Greek debt talks continue

Article – BusinessDesk

June 26 (BusinessDesk) – The New Zealand dollar was little changed as currency traders await the outcome of Greek negotiations with its creditors ahead of an International Monetary Fund payment due on Monday, when its current bailout programme expires. Read more »

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