Latest Finance Headlines

Veritas' Morton to step down after Nomura deal announced

Fri, 25 May 2018 13:16:08 +1200 | BusinessDesk

May 25 (BusinessDesk) - Veritas Investments director Michael Morton will step down from the board next month, after a meeting where shareholders will vote on whether to agree to a $27.5 million loan from Japanese investment bank Nomura Holdings.More >>

Money Compare a Fintech Innovation Challenge finalist

Fri, 25 May 2018 11:08:52 +1200 | NZ Compare

The team at NZ Compare are proud to announce that their latest, soon to be launched comparison website, Money Compare ( ) has been shortlisted by Paymark as a finalist in the 2018 Fintech Innovation Challenge.More >>

HiFX Morning Update, May 25 2018

Fri, 25 May 2018 08:48:50 +1200 | HiFX

NZDUSD opens at 0.6932 (mid-rate) this morning. The Kiwi was range-bound yesterday, and without any meaningful economic or geopolitical news, price action was unable to trade outside of a 0.6905 - 0.6935 range. This was the tightest daily range of ...More >>

FSC will engage constructively with regulators

Thu, 24 May 2018 17:28:13 +1200 | Financial Services Council

The Financial Services Council has welcomed the conduct letter from the Financial Markets Authority (FMA) and the Reserve Bank of New Zealand (RBNZ), and will engage in a transparent and constructive manner in providing the requested information.More >>

Show us you’re clean: FMA, Reserve Bank letter to insurers

Thu, 24 May 2018 17:26:38 +1200 | BusinessDesk

May 24 (BusinessDesk) - Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isn’t happening here - or is being addressed.More >>

Comvita's $400M sales target pushed out two years

Thu, 24 May 2018 14:09:01 +1200 | BusinessDesk

May 24 (BusinessDesk) - Comvita will take another two years to reach its $400 million sales target after the manuka honey company had two poor seasons in a row, according to Craigs Investment Partners.More >>

Market cleanliness summer scholarship study published

Thu, 24 May 2018 14:07:27 +1200 | Financial Markets Authority

The Financial Markets Authority (FMA) and NZX Regulation (NZXR) today published a study carried out by Victoria University student Anna Hensen, ‘ New Zealand Equity Market Cleanliness for the years 2010-2016 ’.More >>

Letter to life insurers by the FMA and Reserve Bank

Thu, 24 May 2018 13:31:05 +1200 | Financial Markets Authority

Letter sent to life insurers by the FMA and Reserve Bank of New Zealand The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed life insurersMore >>

Paymark congratulates Fintech Innovation Challenge finalists

Thu, 24 May 2018 09:53:25 +1200 | Paymark

Paymark extends its congratulations to the finalists in the 2018 Fintech Innovation Challenge, and is delighted by the calibre of the award entries. More >>

HiFX Morning Update, May 24 2018

Thu, 24 May 2018 08:24:49 +1200 | HiFX

The NZDUSD opens at 0.6919 (mid-rate) this morning. Renewed risk-off sentiment hit markets yesterday afternoon after Donald Trump tweeted that he was not happy with the China trade negotiations so far, despite China reducing import tariffs on autos, ...More >>

New Reserve Bank dashboard to shed light on banks' liquidity

Wed, 23 May 2018 16:55:39 +1200 | BusinessDesk

May 23 (BusinessDesk) - Until now, getting a clear picture of how the country's banks stack up against each other could be a tortuous process, involving trawling through various bank sites, or a large and relatively incomprehensible spreadsheet on the ...More >>

Bulletin article discusses unconventional monetary policy

Wed, 23 May 2018 11:20:40 +1200 | The Reserve Bank of New Zealand

An article published today in the Reserve Bank Bulletin examines the international experience of several central banks since the global financial crisis of 2007/08, and considers the potential for such policies in the New Zealand environment.More >>

HiFX Morning Update, May 23 2018

Wed, 23 May 2018 08:45:35 +1200 | HiFX

The NZDUSD opens at 0.6932 (mid-rate) this morning. Currency markets have consolidated with a lack of economic data keeping investors on the side lines. Commodity-linked currencies pushed higher yesterday afternoon but have since retraced the move after ...More >>

Money summit tackles barriers to wealth

Tue, 22 May 2018 09:57:25 +1200 | Commission for Financial Capability

The risk of many New Zealanders reaching retirement with little or nothing will be addressed at the New Zealand Financial Capability Summit on June 12. More >>

Winter blues blown away with big win

Tue, 22 May 2018 09:52:53 +1200 | NZCU Baywide Credit Union

Paying household bills will not be a burden this winter for the Van der Walt family of Hastings after winning $10,000 from NZCU Baywide in its “Chill... We’ll Get the Bills” promotion.More >>

24 questions to be answered in Royal Inquiry

Tue, 22 May 2018 08:58:46 +1200 | Simplicity

Simplicity, NZ’s fastest growing KiwiSaver scheme, released today a list of questions that it believes should form the basis of a Royal Inquiry into the banking, insurance and finance sector.More >>

ASB Housing Confidence Survey

Tue, 22 May 2018 08:46:00 +1200 | ASB Bank

House price expectations have rebounded back to where they were before the 2017 General Election according to the latest ASB Housing Confidence Survey. More >>

HiFX Morning Update, May 22 2018

Tue, 22 May 2018 08:25:12 +1200 | HiFX

The NZDUSD opens at 0.6941 (mid-rate) this morning. Geopolitical risked eased yesterday with markets responding positively to the news that the US and China have agreed to drop tariff threats and work together on a wider agreement. Global equity markets ...More >>

Veritas Investments gets $27.5 mln refinancing deal

Mon, 21 May 2018 13:16:15 +1200 | BusinessDesk

May 21 (BusinessDesk) - Japanese investment bank Nomura Holdings will lend Veritas Investments $27.5 million to repay bank debt and fund expansion in the hospitality sector, if Veritas' shareholders agree.More >>

Change KiwiSaver ‘Member Tax Credit’ name so it makes sense

Mon, 21 May 2018 12:43:37 +1200 | Wright Communications

Changing the name of KiwiSaver’s ‘Member Tax Credit’ could help eligible KiwiSavers access an annual $521.43 handout from the Government. More >>


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