Latest Finance Headlines

Fuel50 raises second investment round to take on US market

Fri, 21 Nov 2014 15:55:19 +1300 | BusinessDesk

Nov. 21 (BusinessDesk) - Auckland-based software startup Fuel50 raised $1 million in a second angel investment round to fund its push in the US, where it was named as one of five best new technologies at an international human resources industry ...More >>

NZOG's head of exploration Bill Houston resigns

Fri, 21 Nov 2014 15:38:56 +1300 | BusinessDesk

Nov. 21 (BusinessDesk) - Bill Houston, New Zealand Oil & Gas' general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. More >>

NZX signs MOU with freshly-licensed Bank of China

Fri, 21 Nov 2014 15:24:58 +1300 | BusinessDesk

Nov. 21 (BusinessDesk) - NZX, New Zealand's stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets.More >>

National income shows strong growth in 2014

Fri, 21 Nov 2014 14:25:48 +1300 | Statistics New Zealand

In the March 2014 year, New Zealand earned $14.4 billion more as a country than in 2013, Statistics New Zealand said today. National disposable income was up 8.2 percent to $189.2 billion, in current prices, in the March 2014 year.More >>

China Constuction Bank up And Running with Auckland Function

Fri, 21 Nov 2014 14:07:10 +1300 | China Constuction Bank NZ

China Construction Bank (New Zealand) Limited (“CCBNZ”) holds its opening ceremony at the Auckland War Memorial Museum this evening (Friday, 21st November 2014). More than 300 guests will attend with key attendees including the Chinese Consul General ...More >>

ANZ Investments named Fund Manager of the Year

Fri, 21 Nov 2014 14:02:21 +1300 | ANZ Bank

ANZ Investments, New Zealand’s largest fund management company, was last night named FundSource Fund Manager of the Year. More >>

Arvida Group raises $75 million in IPO

Fri, 21 Nov 2014 12:16:39 +1300 | BusinessDesk

Nov. 21 (BusinessDesk) - Arvida Group, the new retirement village operator, has raised the full $75 million sought through an initial public offering following strong demand from New Zealand and Australian institutions and listed companies.More >>

ASB/Main Report Regional Economic Scoreboard September 2014

Fri, 21 Nov 2014 11:20:07 +1300 | ASB Bank

Canterbury continues its dominance of the ASB/Main Report Regional Economic Scoreboard and has now held the top spot for the last four quarters. The region continues to perform strongly across all economic indicators, with particular strength in employment ...More >>

Cole Murray wins Grosvenor KiwiSaver Practice of the Year

Fri, 21 Nov 2014 10:56:48 +1300 | Cole Murray

Hawke’s Bay financial planning firm Cole Murray wins Grosvenor KiwiSaver Practice of the Year... for the sixth time For the sixth consecutive year, Cole Murray has won the Grosvenor KiwiSaver Practice of the Year award, proving that a smaller, regional ...More >>

New Zealand ranked 22nd in ease of paying tax

Fri, 21 Nov 2014 10:17:05 +1300 | PwC

New Zealand is rated 22nd out of 189 economies in its ease of paying taxes, according to Paying Taxes 2015, now in its ninth edition. The unique study by PwC and the World Bank Group is the only piece of research which measures the ease of paying taxes ...More >>

Taxpayer money-go-rounds hampering growth: NZ Initiative

Fri, 21 Nov 2014 06:59:15 +1300 | BusinessDesk

Nov. 20 (BusinessDesk) - Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the economic productivity improvements that could easily overcome projections showing ...More >>

ANZ's Hisco the heavyweight in New Zealand CEO pay stakes

Thu, 20 Nov 2014 15:27:58 +1300 | BusinessDesk

Nov. 20 (BusinessDesk) - There’s a big gap between the pay of ANZ Bank New Zealand boss David Hisco and his counterparts at two of the other big four Australian-owned banks.More >>

Bascand: Brighter Money

Thu, 20 Nov 2014 14:44:39 +1300 | Reserve Bank

Seeing people’s initial reactions to the new banknote designs is a heartening reminder of what an important role currency plays in our lives, and what a sense of pride and heritage our notes evoke. More >>

RBNZ releases Brighter Money designs

Thu, 20 Nov 2014 14:43:15 +1300 | Reserve Bank

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More >>

Connor - $7.25 a Share Payout Now Rests with Regulators

Thu, 20 Nov 2014 12:27:17 +1300 | Connor Healthcare

Connor Healthcare Limited (Connor) today advises that shareholders have overwhelmingly supported its $7.25 a share takeover offer for Acurity Health Group Limited (Acurity) and it now has acceptances totalling more than 90% when taken with its current holding.More >>

The FMA reports on its 12 month performance

Thu, 20 Nov 2014 12:11:33 +1300 | Financial Markets Authority

The Financial Markets Authority (FMA) has published its 2014 annual report for the year ended 30 June 2014. During this period the FMA began implementing the largest statutory change in financial services in 30 years. Engaging with the industry to ...More >>

Purchase price of new capital rises 0.5 percent

Thu, 20 Nov 2014 11:33:11 +1300 | Statistics New Zealand

In the September 2014 quarter, the price of purchasing new capital items rose 0.5 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose.More >>

Hamilton insurance challenges industry to get frank on fees

Thu, 20 Nov 2014 11:08:32 +1300 | Hutchison Rodway

Hamilton-based commercial insurance brokers Hutchison Rodway Waikato launched their new brand Frank Risk Management today, which reflects the company’s commitment to fully disclose income to their clients.More >>

AWF mulls $12M rights issue in early 2015 to reduce debt

Wed, 19 Nov 2014 15:50:04 +1300 | BusinessDesk

Nov. 19 (BusinessDesk) - AWF Group, the contract labour firm that last year took on debt to acquire white-collar recruiter Madison, will probably launch a $12 million rights offer next year to reduce its borrowings and put some money in the kitty for ...More >>

Protect yourself online this Christmas

Wed, 19 Nov 2014 13:55:17 +1300 | New Zealand Bankers' Association

As part of International Fraud Awareness Week the New Zealand Bankers’ Association is urging consumers to stay safe online as we head into to the festive season. More >>

 

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