Latest Finance Headlines

High Court credit fees judgment clarifies rules for lenders

Wed, 22 Oct 2014 17:23:43 +1300 | Commerce Commission

The High Court yesterday released a judgment that further clarifies the rules that lenders must comply with when charging credit fees to borrowers. More >>

NZ Super Fund encouraged to establish derivatives policy

Wed, 22 Oct 2014 17:07:17 +1300 | BusinessDesk

Oct. 22 (BusinessDesk) - The New Zealand Superannuation Fund, which was set up to partially cover the cost of a ballooning baby boomer pension bill, has been encouraged to bed in a series of organisational changes over the past few years, and implement ...More >>

CORRECT: ACC FY profit more than halves as claims mount

Wed, 22 Oct 2014 16:11:59 +1300 | BusinessDesk

Oct. 22 (BusinessDesk) - Accident Compensation Corp, the state-owned accident insurer, reported a 57 percent drop in annual profit after it faced more claims than anticipated, and as its investment portfolio returns missed expectations.More >>

Kiwinet Challenge for new mussel-processing technologies

Wed, 22 Oct 2014 12:44:03 +1300 | KiwiNet

Sanford Limited is taking on a KiwiNet Business Challenge to uncover novel proposals for high-speed automated technologies that will help it process its current daily rate of 1.5 million mussels.More >>

Nuplex agrees to sell ANZ units to Champ for A$127.5 mln

Wed, 22 Oct 2014 10:03:58 +1300 | BusinessDesk

Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 mln More >>

Jimmy Koh, KVB Kunlun fined, censured for NZX rule breaches

Wed, 22 Oct 2014 09:48:41 +1300 | BusinessDesk

Jimmy Koh, KVB Kunlun fined $65,000, censured for NZX rule breaches over Z, other IPOs More >>

NZ dollar holds gains as Chinese data beats estimates

Tue, 21 Oct 2014 17:09:51 +1300 | BusinessDesk

Oct. 21 (BusinessDesk) - The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing ...More >>

New Bitcoin Exchange Launched

Tue, 21 Oct 2014 13:57:52 +1300 | The Continuum Partners

21 October 2014 (Sydney): Independent Reserve , the Bitcoin market, today announced the opening of its new exchange based in Sydney, Australia. More >>

Proposed IPO of Orion Health Group Limited

Tue, 21 Oct 2014 13:25:21 +1300 | Orion Health

Orion Health Group Limited (“Orion Health”), a global provider of healthcare software solutions, is considering an initial public offer of ordinary shares to clients of retail brokers in New Zealand and institutional investors.More >>

Winners of Origin/Jucy Next Big Small Business Competition

Tue, 21 Oct 2014 11:44:13 +1300 | Joint Press Release

For the past two months Origin IT and JUCY have been on the hunt for the next kiwi success story. A range of prizes were on offer to entrepreneurially driven small businesses with the vision and determination to take on the world.More >>

NZ dollar gains on greenback weakness after IBM disappoints

Tue, 21 Oct 2014 08:52:00 +1300 | BusinessDesk

Oct. 21 (BusinessDesk) - The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors.More >>

BurgerFuel flags US entry, five more Australian outlets

Mon, 20 Oct 2014 15:50:00 +1300 | BusinessDesk

Oct. 20 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, is opening five new Australian stores and expects to announce the timing of its US expansion soon. More >>

Joyce to focus on R&D spending, skilled workers, exports

Mon, 20 Oct 2014 14:53:17 +1300 | BusinessDesk

Oct. 20 (BusinessDesk) - Economic Development Minister Steven Joyce says his top priorities for the next three years are to lift private sector spending on research and development, alleviate a shortage of engineers and ICT workers, and keep New ...More >>

UPDATED: Aquila Capital, MyFarm JV sees 6%-plus returns

Mon, 20 Oct 2014 12:36:26 +1300 | BusinessDesk

Oct. 20 (BusinessDesk) - Germany's Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from mainly offshore wholesale investors for a trust that will provide secondary mortgages to farmers behind loans from ANZ ...More >>

Westpac launches new mobile payment stickers

Mon, 20 Oct 2014 12:20:57 +1300 | Westpac

Westpac has launched its new mobile payment sticker, enabling customers to make payments with any mobile device. The Westpac PayTag, can be attached to the back of a mobile device (or any other suitable item), enabling customers to make quick, secure contactless ...More >>

University of Auckland Living Wage Network

Mon, 20 Oct 2014 11:49:25 +1300 | University of Auckland

On Tuesday, 21th of October, at 1pm the University of Auckland Living Wage Network is holding rally calling on the University of Auckland to become the first New Zealand Living Wage University, by paying all staff, both directly-employed and contracted ...More >>

NZ Dollar Outlook: Kiwi may decline on weak inflation

Mon, 20 Oct 2014 11:44:31 +1300 | BusinessDesk

Oct. 20 (BusinessDesk) - The New Zealand dollar may decline this week on the expectation weak inflation data will prompt a pull back in forecasts for future interest rate hikes, reducing demand for the local currency.More >>

New fund to assist the growth of New Zealand dairy farming

Mon, 20 Oct 2014 10:07:44 +1300 | Joint Press Release

Dairy farmers looking to grow their family business will soon have access to a new source of funding, with the launch of an innovative new investment vehicle, the NZ Dairy Farming Trusts.More >>

Aquila Capital, MyFarm JV seeks $100M to fund farmers

Mon, 20 Oct 2014 09:58:32 +1300 | BusinessDesk

Oct. 20 (BusinessDesk) - Germany's Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from wholesale investors for a trust that will provide secondary mortgages to farmers.More >>

SFO won't comment on why Whitehead not used in SCF trial

Fri, 17 Oct 2014 17:07:08 +1300 | BusinessDesk

SFO won't comment on why Treasury witness not used in South Canterbury Finance trial More >>

 

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