Goodman Property lifts FY earnings 5.4% on revenue growth

Article – BusinessDesk

May 20 (BusinessDesk) – Goodman Property Trust, which has teamed up with Singapore government-owned GIC to develop the Auckland Viaduct Quarter, lifted annual earnings 5.4 percent as it reaped higher rental revenue while clamping down on costs. Read more »

New Zealand Weekly Economic & Political Update

Press Release – iPredict

The Official Cash Rate will be cut on 11 June and again by 10 December , according to the combined wisdom of the 8000+ registered traders on New Zealands predictions market, iPredict. Despite this, annual inflation is not expected to reach 2% until … Read more »

HiFX Morning Update, May 20

Press Release – HiFX

HiFX Morning Update, May 20 The NZDUSD opens at 0.7345 (mid-rate) this morning. Read more »

Business NZ boss Phil O’Reilly to leave at the end of year

Article – BusinessDesk

May 19 (BusinessDesk) – Phil O’Reilly, the long-serving chief executive of Business New Zealand, will leave the lobby group at the end of the year, ending a decade providing one of the most vocal voices for the country’s private sector. Read more »

RBNZ Inflation Expectations Survey Results

Press Release – HiFX

The RBNZ just released the results of their Q2 Inflation Expectations Survey. The inflation expectations exceeded consensus: 1 year inflation expectations +1.32% (consensus 1.1%) 2 year inflation expectations +1.85% (consensus 1.8%) The NZD has spiked higher … Read more »

Snowtown sale likely to fund more Aussie Trustpower projects

Article – BusinessDesk

May 19 (BusinessDesk) – Infratil expects its 68 percent-owned utility Trustpower to sell down its stake in the now completed Snowtown wind power project in South Australia to fund other emerging renewable energy opportunities in Australia, said … Read more »

FMA removes offshore firms from Register

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today confirmed that a number of offshore firms have recently been removed from the Financial Services Provider Register (FSPR). While the Registrar of Companies maintains the FSPR, the FMA has powers to direct … Read more »

Rubicon renews ANZ facilities, issues US$7M in notes

Article – BusinessDesk

May 19 (BusinessDesk) – Rubicon, the forestry biotech company spun out of Fletcher Challenge, has extended its financing arrangements with ANZ Bank New Zealand and issued US$7 million in notes to its major shareholder David Knott and its board members. Read more »

HiFX Morning Update, May 19

Press Release – HiFX

The NZD has once again underperformed ahead of todays RBNZ inflation report. In the absence of any meaningful data releases the USD Index rebounded as continued concerns over the situation in Greece weighed on the Euro. Read more »

NZ dollar declines amid US optimism, local rate outlook

Article – BusinessDesk

May 19 (BusinessDesk) – The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound after a weak first quarter, and as the kiwi is weighed down by expectations local interest rates will fall. Read more »

RBNZ house alert speech the catalyst for government action

Article – BusinessDesk

May 18 (BusinessDesk) – Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government’s weekend announcements about tightly … Read more »

Cooks Global signs JV with BuBuGao of China

Article – BusinessDesk

Cooks Global signs JV with BuBuGao, targets 150 coffee stores in China in 5 years Read more »

Dorchester Property sells Goldridge resort for $8M

Article – BusinessDesk

May 18 (BusinessDesk) – Dorchester Property Trust, the hotel investor spun out of the financier and insurer formerly known as Dorchester Pacific five years ago, has agreed to sell the Goldridge Resort Queenstown to an entity associated with one its … Read more »

How to fall foul of the new housing tax rules: tips from IRD

Article – BusinessDesk

How to fall foul of the new housing tax rules: tips from the NZ tax department Read more »

HiFX Morning Update, May 18

Press Release – HiFX

The NZD has underperformed against all its major trading partners after another weekend dominated by weak U.S data releases. Read more »

NZ dollar falls as govt move on housing seen to free up RBNZ

Article – BusinessDesk

NZ dollar falls as govt move on housing market seen to free up RBNZ for rate cuts Read more »

John Key finally admits there’s a housing crisis

Press Release – New Zealand Labour Party

John Keys weak measures to rein in the astronomical profits property speculators are making are an admission finally that there is a housing crisis, Labour Leader Andrew Little says. Read more »

Q+A: Turei – Kids’ KiwiSaver policy

Press Release – TVNZ

Green Party announces Kids KiwiSaver policy Green Party co-leader Metiria Turei told TV Ones Q+A programme that for as little as $2 per week every NZ child would have $13,000 by the time theyre 18. The policy aims to lift children out of poverty … Read more »

Greens Baby Kick Start a Stolen Policy

Press Release – New Zealand First Party

Greens Baby Kick Start a Stolen Policy The Greens are slow off the mark calling for babies to be enrolled in KiwiSaver – New Zealand First announced an automatic KiwiSaver kick start for babies before the General Election last year. Stealing … Read more »

Greens will deliver a game-changer on kids’ savings

Press Release – Green Party

Greens will deliver a game-changer on kids savings The Green Party will deliver Kiwi kids a more financially secure future, while reducing inequality, by introducing a national savings scheme for all New Zealand children. The Green Party announced … Read more »

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