NZ posts new migration, tourism records in April

Article – BusinessDesk

May 20 (BusinessDesk) – New Zealand posted new records for migration and tourism in April, providing a buffer for the economy hurt by weak prices for dairy products, the country’s largest export commodity. Read more »

FMA orders FX firm Cambrian to change ‘misleading’ marketing

Article – BusinessDesk

May 20 (BusinessDesk) – The Financial Markets Authority has issued a direction order to foreign exchange education firm Cambrian Corp to change the way its markets itself, which the market watchdog said was either misleading or deceptive and made unsubstantiated … Read more »

FMA orders Cambrian to change misleading materials

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Read more »

Augusta lifts annual earnings 17%

Article – BusinessDesk

May 20 (BusinessDesk) – Augusta Capital lifted annual earnings 17 percent as the listed property investor and fund manager eked out bigger returns from its two segments, with a higher occupancy rate and more syndication deals completed. Read more »

Let’s Not Have Wall St Practices Here on Kiwisaver

Press Release – New Zealand First Party

A warning shot has been fired at KiwiSaver providers for treating ordinary Kiwis as cash cows, just as New Zealand First predicted. Read more »

INFINZ Awards Recognises Excellence in Capital Markets

Press Release – INFINZ

The 2016 INFINZ Industry Awards were celebrated on Thursday 19 May at a gala black-tie dinner at The Langham Hotel in Auckland. A record 820 guests enjoyed an evening celebrating excellence in the capital markets industry in New Zealand. Read more »

NZX vs Ralec

Article – BusinessDesk

May 19 (BusinessDesk) – Former NZX chief Mark Weldon has denied intimidating the former owners of the Clear Grain Exchange and described them as being more focused on their earnouts than the success of the business. Read more »

Bank profits sore point for customers, Consumer survey finds

Press Release – Consumer

Eighty-two percent of Kiwis believe the profits banks make show theyre charging too much, Consumer NZs latest bank satisfaction survey has found. Read more »

Peer-to-peer travel app maker CityInsidr hits up crowd

Article – BusinessDesk

Peer-to-peer travel app maker CityInsidr hits up crowd for $300k in AlphaCrowd’s first offer Read more »

Nikko Asset Management NZ grows AUM to over $5 billion

Press Release – Nikko Asset Management

Nikko Asset Management New Zealands assets under management (AUM) now exceeds NZ$5 billion, up from $4 billion in December 2014, an increase of 25 percent. One area of growth in its AUM has been retail investment, which now tops $1 billion, … Read more »

ANZ reduces money transfer fees to Samoa, Vanuatu and Tonga

Press Release – ANZ Bank

ANZ today announced it was reducing International Money Transfer fees from New Zealand to Samoa, Vanuatu and Tonga. Read more »

RBNZ Bulletin looks at digital disruption in banking

Press Release – Reserve Bank

An article published today in the Reserve Bank Bulletin explores the potential effects of digital disruption to banks and broader financial system stability. Read more »

HiFX Morning Update – May 19 2016

Press Release – HiFX

The NZDUSD opens at 0.6732 (mid-rate) this morning, down 1.2% from the same time yesterday. Read more »

Intueri directors halve their fees

Article – BusinessDesk

May 18 (BusinessDesk) – Directors of Intueri Education Group have cut their base director fee in half as the listed training provider seeks to cut costs, has laid off 70 staff, put dividends on hold, and seen its share price tank after ongoing … Read more »

Market wobbles dent confidence but investors are positive

Press Release – Financial Markets Authority

Confidence in New Zealands markets fell slightly in the last 12 months to 56% this year from 60% in 2015, following a year of uncertainty and turmoil in the markets. Confidence is higher among investors, with 59% of those with investments expressing … Read more »

Investment industry needs to reach out to KiwiSaver members

Article – BusinessDesk

May 18 (BusinessDesk) – The majority of New Zealand investors have confidence in the nation’s financial markets but the least confident are KiwiSaver members who need to be encouraged to engage with providers and question whether they’re in the … Read more »

ANZ makes it 5 in a row: Bank of the Year – Agribusiness

Press Release – Canstar

Agribusiness is a vital part of the New Zealand and world economy, contributing approximately 7% to New Zealand GDP and supplying produce feeds over 40 million people, with 7,500 animal products and 3,800 dairy products going to 100 countries every month. It is … Read more »

HiFX Morning Update, May 18 2016

Press Release – HiFX

The NZDUSD opens at 0.6811 (mid-rate) this morning. The NZD turned in a relatively flat performance overnight, as investors adopt a cautious stance ahead of the release of the minutes of the most recent meeting of the Federal Reserve tomorrow morning … Read more »

Big increase in KiwiSaver withdrawals to buy first home

Press Release – ANZ Bank

Big increase in KiwiSaver withdrawals to buy first home – ANZ The number of first home withdrawals from ANZs KiwiSaver schemes has increased by 188% over the past three years, as KiwiSaver balances increase and become an increasingly important … Read more »

NZ dollar gains as oil hits 6-month highs

Article – BusinessDesk

May 17 (BusinessDesk) – The New Zealand dollar gained as oil prices hit six-month highs, lifting currencies linked to commodity production, while the US dollar weakened. Read more »

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