Latest Finance Headlines

UPDATE: AWF Madison seeks 75% hike in directors' fee pool

Wed, 1 Jul 2015 16:59:42 +1200 | BusinessDesk

July 1 (BusinessDesk) - Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, are being asked to vote in favour of a $150,000 increase in directors’ fees at the annual general meeting later this month.More >>

Greece "Now In Arrears" On IMF Payment

Wed, 1 Jul 2015 16:29:18 +1200 | International Monetary Fund

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today:More >>

Brierley brings investment vehicle, Mercantile, to NZX

Wed, 1 Jul 2015 09:49:43 +1200 | BusinessDesk

July 1 (BusinessDesk) - Veteran corporate raider Ron Brierley is bringing his latest investment vehicle, Mercantile Investment, to the NZX, with a listing scheduled for next week.More >>

HiFX Morning Update 01/07

Wed, 1 Jul 2015 09:24:38 +1200 | HiFX

The NZDUSD opens at 0.6770 The NZDUSD is down across the board this morning. It recorded new 5 year lows overnight. More >>

NZ dollar touches fresh lows as economy weakens

Wed, 1 Jul 2015 08:51:21 +1200 | BusinessDesk

July 1 (BusinessDesk) - The New Zealand dollar touched its lowest level in more than five years against the greenback and the pound, and its lowest against the Australian dollar in a year and a half, after signs the economy is slowing stoked expectations ...More >>

TeamTalk shares slide 6.3% on profit warning, debt extension

Tue, 30 Jun 2015 17:21:33 +1200 | BusinessDesk

June 30 (BusinessDesk) - TeamTalk shares dropped 6.3 percent after the telecommunications company warned net profit will be hit by a revaluation of interest rate swaps and said it had reduced the size of its debt facility after extending the credit line ...More >>

TeamTalk completes refinancing and updates market

Tue, 30 Jun 2015 17:06:00 +1200 | TeamTalk

NZX-listed telco TeamTalk Limited is pleased to announce that it has successfully completed its bank refinancing with Westpac. More >>

Retain Global Equities Overweight Despite Fed Hikes Ahead

Tue, 30 Jun 2015 16:15:54 +1200 | Nikko Asset Management

The G3 economies are expected to remain strong thanks to U.S.-led growth which has prompted Nikko Asset Management to maintain its long-held overweight stance on global equities, according to the Tokyo-based asset manager’s Global Investment Committee ...More >>

Wayne Percival appointed CEO of UDC Finance

Tue, 30 Jun 2015 11:19:13 +1200 | ANZ Bank

ANZ Bank NZ today announced the appointment of Wayne Percival as CEO of UDC Finance, subject to RBNZ approval. More >>

Westpac rolls out world-leading Kiwi technology

Tue, 30 Jun 2015 10:58:06 +1200 | SweeneyVesty

Westpac New Zealand is implementing Black Pearl Mail’s software across its entire business to benefit from the New Zealand-based company’s unique service, which transforms the everyday business email into an enhanced communication tool and dynamic ...More >>

Gordon Campbell on the crisis in Greece

Tue, 30 Jun 2015 10:31:08 +1200 | Gordon Campbell

Greece, as the cradle of democracy, is getting no brownie points for actually practicing it. The decision by the Greek government to go back to the people for a mandate for the bailout terms being proposed by the Eurozone seems entirely appropriate. Syriza ...More >>

KordaMentha concludes receivership of Somers-Edgar's Orange

Tue, 30 Jun 2015 09:20:39 +1200 | BusinessDesk

June 30 (BusinessDesk) - The receivers for Doug Somers-Edgar's Orange Finance have concluded their work with a shortfall of about $10 million in principal and interest owed to debenture holders of the failed company.More >>

HiFX Morning Update, June 30

Tue, 30 Jun 2015 09:12:36 +1200 | HiFX

The NZDUSD opens at 0.6866 The NZDUSD is up nearly 1% after hitting 5 years lows yesterday morning. It continues to be volatile after another night of Greek drama: More >>

NZ dollar recovers after knee-jerk decline on Greece concern

Tue, 30 Jun 2015 08:48:46 +1200 | BusinessDesk

June 30 (BusinessDesk) - The New Zealand dollar advanced overnight following a knee-jerk decline yesterday after no agreement was reached between Greece and its creditors at the weekend.More >>

Foreign housing providers would be cash-flow positive: Key

Mon, 29 Jun 2015 17:36:40 +1200 | BusinessDesk

June 29 (BusinessDesk) - Foreign organisations bidding for the government's social housing stock would have to stump up a lot of cash upfront, meaning it would be a very long time before they would be able to repatriate any profits back home, Prime ...More >>

PM Press Conference on the UN Security Council

Mon, 29 Jun 2015 17:36:10 +1200 | Francis Cook

PM Press Conference on the UN Security Council, State Housing, Milk, and Sugar. By Francis CookMore >>

NZ dollar edges up from 5-year low, may resume slide

Mon, 29 Jun 2015 17:07:54 +1200 | BusinessDesk

NZ dollar edges up from 5-year low, may resume slide as Greek deadline looms More >>

BERL forecasts weaker short-term growth as shadows hover

Mon, 29 Jun 2015 15:26:35 +1200 | BERL

Three months ago we tentatively titled our forecast ‘a post-dairy era’. This time around, equally tentatively, we suggest we may need to prepare for ‘a post-euro era’. More >>

Estero Property Investment Urge People To Buy Now In The US

Mon, 29 Jun 2015 15:05:15 +1200 | Pure Seo

The exchange rate has a big impact on decisions to invest overseas and at the moment Fonterra and a number of other large institutions are forecasting the US dollar will get stronger with the result that the NZ dollar will become weaker. A Forex Crunch ...More >>

Transaction Services Group appoints President for US

Mon, 29 Jun 2015 13:52:44 +1200 | DebitSuccess

Transaction Services Group appoints President for United States office Transaction Services Group (TSG), a New Zealand based leading global payment solutions provider, has announced that Michael A. Feliciano will join the company as President of Transaction ...More >>


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