General Finance chases Terry Serepisos’s mum for $275k

Article – BusinessDesk

March 16 (BusinessDesk) – General Finance has sought summary judgment against the mother of discharged bankrupt Terry Serepisos over some $275,000 owed on a defaulted mortgage but her lawyer argued the mortgage lender ‘sabotaged’ the sale of the apartment … Read more »

While you were sleeping: Fed hikes

Article – BusinessDesk

March 16 (BusinessDesk) – Wall Street extended gains after the US Federal Reserve raise its key interest rate, as had been widely expected, and reiterated that further increases will follow a gradual path. Read more »

ANZ, Westpac agree to A$3M payments over FX trading

Article – BusinessDesk

March 15 (BusinessDesk) – Australia and New Zealand Banking Group and Westpac Banking Corp have entered into enforceable undertakings to change their practices after the Australian regulator found inappropriate conduct in their wholesale foreign exchange … Read more »

HiFX Morning Update, March 16 2017

Press Release – HiFX

The NZDUSD opens at 0.7004 (mid-rate) this morning. The Kiwi has rallied 40+ points immediately following the Fed Rate hike, which is up 70+ points or over 1% from yesterdays open. Read more »

NZ dollar range bound; all eyes on Fed

Article – BusinessDesk

March 15 (BusinessDesk) – The New Zealand dollar kept to a tight range as markets await a series of events, in particular the results of the Federal Reserve’s meeting due early Thursday New Zealand time. Read more »

BNZ’s Downsizing a Blow for Northland

Press Release – New Zealand First Party

The planned closure of the BNZ branch in Paihia and reduction in hours at Dargaville and Kaikohe branches is another example of a foreign corporates indifference to small town New Zealand, says New Zealand First Leader and Northland Member of Parliament … Read more »

Kiwibank cancels A$175M bond issue

Article – BusinessDesk

March 15 (BusinessDesk) – Kiwibank says it won’t continue with the settlement of a proposed A$175 million bond issue after the Reserve Bank said its bonds don’t comply with Capital Adequacy Framework requirements. Read more »

NZ Current Account Balance Release

Press Release – HiFX

The NZ Current Account Balance for Q4 2016 has just been released. Read more »

Higher earnings from overseas

Press Release – Statistics New Zealand

New Zealand earned more income from our overseas investments in the December 2016 quarter, Stats NZ said today. This resulted in the lowest current account deficit since March 2014. The seasonally adjusted current account deficit decreased to $1.6 … Read more »

While you were sleeping: Oil, Wall St slide

Article – BusinessDesk

March 15 (BusinessDesk) – Oil prices dropped, with US crude approaching US$47 a barrel, as Saudi Arabia pared some of its production cuts. Read more »

Xmas Spending Habits Revealed

Press Release – NZCU Auckland

WEDNESDAY 15 MARCH 2017 NZCU Auckland today released the findings from a survey conducted amongst its customers regarding their festive season spending and whether or not they are saving for this Christmas. Read more »

HiFX Morning Update – March 15 2017

Press Release – HiFX

The NZDUSD opens at 0.6928 (mid-rate) this morning. The Kiwi has traded 33 points lower and 13 point higher than yesterdays open over the past 24 hours and starts today relatively unchanged. Read more »

HiFX Morning Update, March 14 2017

Press Release – HiFX

The NZDUSD opens at 0.6927 (mid-rate) this morning. After trading a narrow 36 point or 0.5% range against the USD in the last 24 hours, the NZD opens the same as yesterday morning. Read more »

New anti-money laundering laws introduced

Press Release – New Zealand Government

A Bill to tackle money laundering and terrorist financing has been introduced to Parliament today by Justice Minister Amy Adams. Read more »

Great financial advice makes a difference to New Zealanders

Press Release – AMP Financial Services

At the AMP Awards on Friday night, AMP Financial Services celebrated the positive life changing difference that expert financial advisers make in the lives of thousands of Kiwis every year. Read more »

NZ early stage investors have eye on global prize

Article – BusinessDesk

March 13 (BusinessDesk) – Entrepreneurs are being encouraged to chase global markets if they want to win backing for their early stage ventures, with investors having their eye firmly set on international markets with little regard for domestic sales. Read more »

New Brand of Professional Services Firm Hits Town

Press Release – K3 Legal

Leading law firm Kirkland Morrison OCallahan has kicked off 2017 with a new name and a super-charged business offering. Now known as K3 Legal, the highly-regarded law firm has joined forces with the newly-formed businesses of K3 Accounting and … Read more »

New home finance problems in Auckland

Press Release – Green Party

House prices keep rising across New Zealand and banks are unable or unwilling to fund new affordable homes in Auckland, the Green Party said today. Read more »

The NZDUSD opens at 0.6927 (mid-rate) this morning

Press Release – HiFX

The NZD opens marginally higher than Fridays close, with the probability of a U.S. Interest Rate hike this Thursday morning, now fully priced in. In the 3 months to January 2017, U.K. total production was estimated to have increased by 1.9%, with … Read more »

Retail card spending quiet in February

Press Release – Statistics New Zealand

Retail spending using electronic cards was $4.8 billion in February 2017, up $121 million (2.6 percent) from February 2016, Statistics New Zealand said today. February 2016 had an extra day of trading, as 2016 was a leap year. Read more »

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