Latest Finance Headlines

Bank improves household wealth statistics

Fri, 27 Mar 2015 15:43:42 +1300 | Reserve Bank

The Reserve Bank is publishing a new set of household balance sheet statistics compiled using international standards. The new statistics cover a wider range of household assets including households’ currency holdings, the equity owned in unlisted businesses ...More >>

NZX launches three new ETFs

Fri, 27 Mar 2015 09:53:05 +1300 | BusinessDesk

March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife next year, is launching three more exchange traded funds, giving investors exposure to Australia's resource and financial sector and dividend-paying ...More >>

ComCom likely to allow Cavalier, NZ Wool Services merger

Thu, 26 Mar 2015 18:01:30 +1300 | BusinessDesk

March 26 (BusinessDesk) - The Commerce Commission is likely to allow Cavalier Wool Holdings and New Zealand Wool Services International to merge their two wool scouring operations, which would ultimately make a monopoly of wool scouring services in New ...More >>

KiwiSaver HomeStart Bill passes

Thu, 26 Mar 2015 17:08:44 +1300 | New Zealand Government

Hon Todd McClay Minister of Revenue 26 March 2015 Media Statement KiwiSaver HomeStart Bill passes More >>

Update: Hotchin settles with Perpetual before appeal

Thu, 26 Mar 2015 16:59:39 +1300 | BusinessDesk

March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leaving only Guardian Trust as a party to his Supreme Court bid to have the trustees ...More >>

Thought for this Day: Empty Houses as Second Residences

Thu, 26 Mar 2015 15:18:29 +1300 | Keith Rankin

On 23 March I wrote in Scoop about Graham Adams' article in North and South (April 2015), which attributed Auckland's housing crisis to easy credit. In the same edition of that magazine is an article ("Running on Empty") by Joanna Wane that features ...More >>

NZ commercial property lending less risky now: RBNZ

Thu, 26 Mar 2015 13:48:37 +1300 | BusinessDesk

March 26 (BusinessDesk) - The Reserve Bank said New Zealand’s $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases.More >>

Hotchin settles with Perpetual before Supreme Court hearing

Thu, 26 Mar 2015 12:34:12 +1300 | BusinessDesk

March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leaving only Guardian Trust Co as a party to his Supreme Court bid to have the trustees ...More >>

Secret TPPA Investment Chapter Released

Thu, 26 Mar 2015 12:08:13 +1300 | Wikileaks

WikiLeaks releases today the "Investment Chapter" from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights (November ...More >>

Reserve Bank Bulletin articles published

Thu, 26 Mar 2015 12:06:44 +1300 | Reserve Bank

The Reserve Bank today published two articles in the Reserve Bank Bulletin . The Bulletin’s first article discusses the risks created by high and rapidly rising levels of household debt. It notes that high debt levels increase the sensitivity ...More >>

Hotchin drops Perpetual in appeal case

Thu, 26 Mar 2015 10:41:55 +1300 | BusinessDesk

March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has abandoned his appeal against Perpetual Trust to include them in the Financial Markets Authority’s civil case against the former lender’s directors and promoters.More >>

FastPay update strengthens ANZ’s role

Thu, 26 Mar 2015 10:15:16 +1300 | ANZ Bank

ANZ is to become the first New Zealand bank to enable merchants to process EFTPOS payments using both iPhone and Android smartphones. More >>

Better credit information for borrowers

Thu, 26 Mar 2015 10:03:19 +1300 | New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith today announced new consumer credit regulations aimed at giving consumers information they need to make informed credit decisions. “The regulations will mean New Zealand borrowers can access information ...More >>

ANZ to launch mobile wallet in NZ’s top banking app

Wed, 25 Mar 2015 14:47:32 +1300 | ANZ Bank

ANZ will release a mobile wallet later this year within ANZ goMoney, New Zealand’s most popular mobile banking app. More >>

Vawtrak Banking Trojan Harvesting Passwords Worldwide

Wed, 25 Mar 2015 14:05:47 +1300 | AVG

A new wave of the Vawtrak banking Trojan is spreading worldwide. AVG Technologies researcher Jakub Kroustek provides detailed analysis and advice below.More >>

Optimistic start to year for New Zealand farmers

Wed, 25 Mar 2015 12:26:21 +1300 | Rabobank

New Zealand farmer confidence registered a significant increase in the first quarter, buoyed by a revival of sentiment among the dairy sector • Sheep and beef farmer confidence remains stable, but expectations for their business performance are down ...More >>

Proximity Payments Inching Closer to Mass Market

Tue, 24 Mar 2015 13:58:54 +1300 | Ovum

“Wait and see” approach to technology will leave some telecoms, merchants and payment providers behind in 2015 More >>

Deputy Governor appointed chair of OECD Committee

Tue, 24 Mar 2015 12:10:04 +1300 | Reserve Bank

Reserve Bank Deputy Governor Grant Spencer has been appointed chair of the Organisation for Economic Co-operation and Development (OECD)’s Committee on Financial Markets (CMF). The membership of the CMF includes representatives of the OECD’s 34 member ...More >>

ASB Farmshed Economics Report

Tue, 24 Mar 2015 10:58:35 +1300 | ASB

The NZ dairy production outlook is not as bad as first feared according to the latest ASB Farmshed Economics Report. Prices have moved to reflect this changing view – up sharply in February on the plunging production fears, and then down by a lesser ...More >>

Is Easy Credit the Problem? | Keith Rankin

Tue, 24 Mar 2015 10:00:53 +1300 | Keith Rankin

In the weekend I read Graham Adams' article in North and South (April 2015) "The Madness of the Auckland Housing Market". Adams is right to argue strongly that the issue is much more about finance than it is about land supply. But he goes far too ...More >>

 

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