Latest Finance Headlines

Dorchester closes oversubscribed $30M capital raise

Fri, 24 Oct 2014 16:05:55 +1300 | BusinessDesk

Oct. 24 (BusinessDesk) - Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed.More >>

New Zealanders save $30 million, and there’s more to come

Fri, 24 Oct 2014 10:24:56 +1300 | Countdown Supermarket

Countdown has announced today that New Zealand shoppers have saved more than $30 million in the first year of its Price Lockdown and Price Drop initiative – a bold programme that’s seen the supermarket drop the price of more than 700 grocery items ...More >>

ANZ workers to resume targeted strike action

Fri, 24 Oct 2014 09:30:02 +1300 | First Union

Workers at numerous ANZ branches around the country will resume strike action against the bank tomorrow at various times, including in nine branches around Auckland. More >>

WA Super Now Accept KiwiSaver Contributions

Thu, 23 Oct 2014 17:31:25 +1300 | WA Super

Australian superannuation fund WA Super is thrilled to announce they will accept eligible contributions transferred from KiwiSaver accounts effective as of October 23, 2014.More >>

RESEND: NZ dollar falls as benign inflation weighs on kiwi

Thu, 23 Oct 2014 17:19:42 +1300 | BusinessDesk

Oct. 23 (BusinessDesk) - The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July.More >>

NZ dollar falls as benign inflation data weighs on kiwi

Thu, 23 Oct 2014 17:05:20 +1300 | BusinessDesk

Oct. 23 (BusinessDesk) - The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July.More >>

New Zealand inflation still low: Downside surprises continue

Thu, 23 Oct 2014 15:35:00 +1300 | HSBC Bank

New Zealand Q3 CPI came in lower than expected, the annual rate falling from 1.6% to 1.0% (market expected 1.2%) – at the bottom of the RBNZ’s target band and below their forecast for +1.3%. The major slowdown in price pressures came in tradable ...More >>

Elders Primary Wool, Primary Wool buy Christchurch Yarns NZ

Thu, 23 Oct 2014 15:03:16 +1300 | BusinessDesk

Oct. 23 (BusinessDesk) - NZ Yarn, a joint venture between Elders Primary Wool and Primary Wool Cooperative, have bought Christchurch Yarns NZ out of receivership for an undisclosed amount. More >>

RBNZ risk management to protect system, not individual firms

Thu, 23 Oct 2014 14:44:55 +1300 | BusinessDesk

Oct. 23 (BusinessDesk) - The Reserve Bank's risk management processes aim to protect the integrity of the entire financial system rather than individual entities, which should be allowed to fail to avoid moral hazard and inefficiency, the regulator says.More >>

ANZ gets behind Grand Designs New Zealand

Thu, 23 Oct 2014 13:31:48 +1300 | ANZ New Zealand

ANZ New Zealand and TV3 have formed a production partnership to create the New Zealand version of the hit British show Grand Designs , the bank announced tonight. More >>

Low inflation – time for meaningful wage increases

Thu, 23 Oct 2014 12:53:30 +1300 | New Zealand Council of Trade Unions

With inflation low, now is a good time for workers to negotiate for pay increases that outstrip price rises and deliver real increases in wages and salaries. “For too many people, real pay increases have been missing for several years unless they ...More >>

Pyne Gould sells Epic stake after failing to gain control

Thu, 23 Oct 2014 12:34:36 +1300 | BusinessDesk

Oct. 23 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board.More >>

Finance company failure in New Zealand was predictable

Thu, 23 Oct 2014 12:18:59 +1300 | University of Otago

Thursday 23 October 2014 Annual reports and other public disclosures contained enough information to predict more than 80% of New Zealand finance company failures that occurred during the recent financial crisis, a study led by the University of Otago ...More >>

CPI rises 0.3 percent in September quarter

Thu, 23 Oct 2014 10:49:00 +1300 | Statistics New Zealand

The consumers price index (CPI) rose 0.3 percent in the September 2014 quarter, Statistics New Zealand said today. This is the third consecutive quarterly rise of 0.3 percent. More >>

NZ dollar falls ahead of inflation on prospect of low rates

Thu, 23 Oct 2014 08:39:08 +1300 | BusinessDesk

NZ dollar weakens ahead of 3Q inflation on speculation interest rates to stay on hold More >>

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 >>


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