Latest Finance Headlines

NZ bonds rally in June quarter

Fri, 1 Jul 2016 16:50:04 +1200 | BusinessDesk

July 1 (BusinessDesk) - New Zealand bonds rallied in the second quarter as investors anticipated central banks keeping interest rates lower for longer in the face of events such as the UK's vote to exit the European Union.More >>

Vodafone customers score pass to SKY Sport or SoHo

Fri, 1 Jul 2016 15:01:22 +1200 | Vodafone

Vodafone customers score pass to SKY Sport or SoHo – just in time for the biggest sporting event of them all Vodafone is offering fans a front row seat to a huge year of sporting action from the comfort of their own homes with a special offer launching ...More >>

Stone Shi-linked investment company buys Ardmore Airport

Fri, 1 Jul 2016 14:26:27 +1200 | BusinessDesk

July 1 (BusinessDesk) - Kauri Ardmore, a New Zealand investment company associated with Oravida founder Stone Shi, has acquired Ardmore Airport for an undisclosed sum, gaining a facility that houses seven flying schools, charter operators, maintenance, ...More >>

National’s cuts shave $100K off KiwiSaver by retirement

Fri, 1 Jul 2016 12:55:38 +1200 | New Zealand Labour Party

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says.More >>

East Asia Pacific central banks reinvest Asian Bond Funds

Fri, 1 Jul 2016 11:50:52 +1200 | Reserve Bank

A group of East Asia Pacific central banks is closing its US-dollar denominated bond fund and transferring the investment to a local-currency bond fund in order to enhance local-currency bond market development in the region.More >>

Partner appointment: Andrew Castleman, Grant Thornton NZ

Fri, 1 Jul 2016 11:11:33 +1200 | Grant Thornton

Grant Thornton has announced the appointment of Andrew Castleman as a Partner in its Operational Advisory practice in Auckland. Andrew and his team provide government and corporates with business transformation and risk services which ensure clients' ...More >>

Minter Ellison Rudd Watts welcomed as NZBA affiliate member

Fri, 1 Jul 2016 10:41:03 +1200 | NZ Bankers' Association

The New Zealand Bankers’ Association today welcomed law firm Minter Ellison Rudd Watts as its latest affiliate member. More >>

Time for Central Banks to Phase Out Quantitative Easing

Fri, 1 Jul 2016 10:28:44 +1200 | Peter Neilson

Shortly after the 1987 election, as a new Associate Minister of Finance Roger Douglas asked me to take over the day to day responsibility for inflation, monetary policy and the Government owned financial institutions. Roger Douglas, the Finance Minister, ...More >>

Augusta Capital to lift annualised dividend payments 10%

Fri, 1 Jul 2016 10:22:40 +1200 | BusinessDesk

July 1 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lift its dividend payments by 10 percent in the 2017 year saying the increase reflected the growth of its funds management business.More >>

Stop the Billion Dollar Kiwisaver Rort, Introduce Kiwifund

Thu, 30 Jun 2016 17:08:48 +1200 | New Zealand First Party

Rt Hon Winston Peters New Zealand First Leader Member of Parliament for Northland 30 JUNE 2016 Stop the Billion Dollar Kiwisaver Rort, Introduce Kiwifund More >>

Financial advisers have lifted their game

Thu, 30 Jun 2016 09:34:20 +1200 | BusinessDesk

June 30 (BusinessDesk) - New Zealand's financial advisers have lifted their game since a new regime came into effect six years ago, leaving the practice of switching life insurance policies between providers as one of the last holes left for the regulator ...More >>

Dunne – Keep Kiwibank Bill Unnecessary

Thu, 30 Jun 2016 08:59:35 +1200 | United Future NZ Party

UnitedFuture leader Peter Dunne said today the ‘Keep Kiwibank Bill’, a private Members’ Bill sponsored by Labour’s David Parker, is unnecessary and consequently UnitedFuture has voted against it at its Second Reading. “As part of the 2011 Confidence ...More >>

HiFX Morning Update, June 30 2016

Thu, 30 Jun 2016 08:47:38 +1200 | HiFX

The NZDUSD opens at 0.7115 (mid-rate) this morning. Global sentiment continued to improve overnight, Gold and Oil are up, U.S. Consumer spending and sentiment rise, U.S. new home sales are up, but U.S. used home sales are down and the Kiwi is up ...More >>

Banks remain stable against Brexit uncertainty

Wed, 29 Jun 2016 15:01:08 +1200 | NZ Bankers' Association

New Zealand’s stable and robust banking system stands strong against the uncertain implications of Brexit, says the New Zealand Bankers’ Association (NZBA). “New Zealand’s banks are strong, well-funded and well regulated, and this stability ...More >>

HiFX Data Update - Finance Minister Bill English Interview

Wed, 29 Jun 2016 14:07:56 +1200 | HiFX

There is some speculation that any new macro-prudential measures may increase the deposit requirement for Auckland property investors to as much as 50%. At the margins, this would make it easier for the RBNZ to lower interest rates.More >>

Minister welcomes insurance report

Wed, 29 Jun 2016 12:44:17 +1200 | New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the release of the Financial Markets Authority’s (FMA) review of insurance replacement business today. More >>

ANZ reveals new Matariki ATM surrounds

Wed, 29 Jun 2016 11:57:31 +1200 | ANZ

Created by contemporary Māori visual artist Simon Te Wheoro (Ngati Ranginui, Ngati Mahanga and Te Aupouri) the concept of this year’s surrounds reflect the rising of the Matariki stars and the beginning of a New Year. More >>

NZ Online Retail Sales - Monthly update for May 2016

Wed, 29 Jun 2016 10:53:33 +1200 | BNZ Online Retail Sales Index

• Online retail sales at local sites followed a strong April with a similarly positive result in May - up 15% on May last year. More >>

KiwiNet receives $10 million PreSeed investment

Wed, 29 Jun 2016 10:25:33 +1200 | KiwiNet

Hamilton, New Zealand - 28 June 2016 - The Kiwi Innovation Network (KiwiNet) has received $10.3 million of new investment over the next three years, under a new allocation of Government PreSeed investment, to help transform cutting edge science into commercial ...More >>

RBNZ outlines priorities in Statement of Intent

Wed, 29 Jun 2016 09:33:52 +1200 | Reserve Bank

The Reserve Bank is positioning itself to meet the challenges posed by the economic and financial environment, Governor Graeme Wheeler said today when releasing the Statement of Intent (SOI) for 2016-2019 .More >>


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