Dollar drop an opportunity and a threat

Press Release – ASB

After a significant decline against the US dollar, businesses expect a period of stability for the NZD, according to the latest ASB Kiwi Dollar Barometer. Read more »

Australian central bank keeps cash rate unchanged at 2%

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a fourth month, reiterating that domestic inflation pressures remain “contained” and the Australian dollar is adjusting to … Read more »

Hubbard Management Funds investors get their money back, wit

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management, where the administrators had to pick apart “poor accounting records” … Read more »

Straker Translations raises $6mln with Kirk’s cornerstone

Article – BusinessDesk

Sept. 1 (BusinessDesk) – Online translations company Straker Translations has raised $6 million to help fund its international expansion, including $4 million from David Kirks Bailador Investments. Read more »

Turning a lump sum into a smooth income

Press Release – Financial Markets Authority

A survey of New Zealanders approaching retirement has found one in four people are unsure of how to manage the money in their KiwiSaver funds when they reach 65. Read more »

The NZDUSD opens at 0.6340 (mid-rate) this morning

Press Release – HiFX

The NZDUSD opens at 0.6340 (mid-rate) this morning. Read more »

NZ dollar drops as investors sell high yielding currencies

Article – BusinessDesk

Sept. 1 (BusinessDesk) – The New Zealand dollar fell as investors sell higher yielding currencies in anticipation of interest rate hikes in the US. Read more »

Pre-paying funerals important as retirement saving

Press Release – Funeral Directors Assn of NZ

Most New Zealanders dont pre-pay their funerals even though its just as important as saving for retirement, says the Funeral Directors Association. Read more »

CORRECT: PGC FY profit shrinks 99% from restated accounts

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Pyne Gould Corp, which restated its 2014 accounts to remove an anticipated gain on the sale of Perpetual Trust, said 2015 profit shrank by 99 percent as interest income fell, expenses jumped and the asset management firm didn’t … Read more »

HiFX Data Update – NZ Business Confidence

Press Release – HiFX

The ANZ Business Confidence & Own Activity figures for August have just been released. They came in worse than expected overall. The Business Confidence fell sharply compared with the previous quarter: -29.1% versus -15.3% in July The Business … Read more »

ASB North Wharf a glowing example

Press Release – Ideas Shop

ASB North Wharf a glowing example as Auckland companies sweep the boards at Master Electricians Excellence Awards Read more »

Allied Farmers annual profit sinks 88%

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Allied Farmers posted an 88 percent drop in annual profit after an overhaul of the business increased the firm’s tax bill, and as its profitable livestock unit was held back by the slowing dairy sector. Read more »

Spring into Money Week

Press Release – NZ Bankers’ Association

Its a good time to spring clean your finances and get your money fighting fit says the New Zealand Bankers Association today as Money Week kicks off. Read more »

HiFX Morning Update, August 31 2015

Press Release – HiFX

After what was a tumultuous start to the week, the closing 24hrs was relatively calm with risk appetite picking up again following Chinas stock market rebound, and comments from this weekends Jackson Hole meeting with the Fed, ECB and BoE all … Read more »

Minister welcomes Money Week 2015

Press Release – New Zealand Government

Empowering people to be better with money is the key focus for Money Week, says Commerce and Consumer Affairs Minister Paul Goldsmith. Read more »

NZ dollar slips on optimism about US rate hike

Article – BusinessDesk

Aug. 31 (BusinessDesk) – The New Zealand dollar slipped as the US dollar strengthened after Federal Reserve officials signalled the US central bank is on track for a potential rate hike next month. Read more »

Institute welcomes ‘game changing’ Reserve Bank tweak

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed a recent policy change, by the Reserve Bank calling it a game changer and a massive step in the right direction. Read more »

More talking could avoid bank-customer woes

Press Release – Banking Ombudsman

A lack of good communication can be blamed for most complaints about banks, says the new head of the Banking Ombudsman Scheme. Read more »

Statement on the Aupouri Trust Board Financial Issues

Press Release – Te Runanga a Iwi o Te Aupouri

Rick Witana the Chair of Te Runanga Nui o Te Aupouri, the entity set up to receive the Aupouri Treaty Settlement in coming months, welcomes the Minister of Maori Affairs appointment of a statutory manager and investigation into the financial activities … Read more »

UPDATE: Kiwibank comes of age, pays first annual dividend

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Kiwibank, the banking unit of state-owned New Zealand Post, will pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities. Read more »

« Previous PageNext Page »