Latest Finance Headlines

Finzsoft shareholder Rubik to consider takeover

Thu, 18 Dec 2014 17:14:24 +1300 | BusinessDesk

Dec. 18 (BusinessDesk) - Finzsoft Solutions shareholder Rubik Financial will consider a $3 per share takeover offer by the New Zealand software developer's chief executive Andrew Holliday and Singaporean tech firm Silverlake Axis, once it has more information.More >>

Trustees need to be more aware of potential liabilities

Thu, 18 Dec 2014 16:54:36 +1300 | Crowe Horwath

It is important for potential trustees to weigh up the risks compared to the rewards when considering whether or not to accept a role on a trust, says Tony Marshall, Tax Advisory Principal for Crowe Horwarth’s Dunedin office. More >>

Crown Asset Management discontinues South Canterbury claim

Thu, 18 Dec 2014 15:34:27 +1300 | BusinessDesk

Dec. 18 (BusinessDesk) - Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guarantee, has discontinued its civil claim against the former directors of South ...More >>

Nikko Keeps Moderate Overweight Position on Global Equities

Thu, 18 Dec 2014 14:38:09 +1300 | SweeneyVesty

· Maintains global equities overweight on G3 economic growth and central bank policies · Lower oil prices very positive for developed economies · Fed could tighten in June or July, but at a moderate pace · Forecasts Japan’s TOPIX to reach 1,658 ...More >>

Make sure your Christmas money gift gets to the right person

Thu, 18 Dec 2014 14:34:19 +1300 | Banking Ombudsman

Be sure account numbers are correct if you gift money by transferring it directly into someone’s account this festive season otherwise the wrong person might think all their Christmases have come at once, says Banking Ombudsman Deborah Battell.More >>

KiwiCover: loss of family home pales against loss of earning

Thu, 18 Dec 2014 13:24:46 +1300 | KiwiCover Insurance

KiwiCover Insurance says that the financial loss caused by the destruction of a family home typically pales in comparison with the financial effects of the permanent loss of earnings of the home owner.More >>

Finzsoft boss to make takeover bid with Silverlake Axis

Thu, 18 Dec 2014 12:58:00 +1300 | BusinessDesk

Dec. 18 (BusinessDesk) - Andrew Holliday, managing director of Finzsoft Solutions, intends to make a discounted takeover bid for the financial software developer in partnership with Silverlake Axis, the Bermuda-based IT company. More >>

Te Taura Whiri i te Reo Māori: $2.4m for Māori language

Thu, 18 Dec 2014 12:07:29 +1300 | Te Taura Whiri i te Reo Maori

Te Taura Whiri i te Reo Māori is pleased to announce that it will soon distribute $2,439,524.00 of Mā te Reo funding to 85 successful applicants. Every year, Te Taura Whiri i te Reo Maori distributes Māori language community funding to whānau, hapū, ...More >>

Arvida completes $80 million IPO

Thu, 18 Dec 2014 11:25:39 +1300 | Arvida Group

Shares of Arvida Group Limited (Arvida, the Company) today began trading on the NZX Main Board following a successful IPO that raised $80 million in new capital to underpin the growth of the new retirement and aged care group.More >>

NZ small businesses world-leading in cloud computing

Thu, 18 Dec 2014 11:23:16 +1300 | Xero

New Zealand small businesses are adopting cloud accounting software faster than other countries, according to a recent study conducted by online accounting software provider Xero.More >>

Reserve Bank: Brighter Money Update

Thu, 18 Dec 2014 11:16:22 +1300 | Reserve Bank

The Reserve Bank has today released a Bulletin article explaining how it chose the designs for the next series of New Zealand banknotes. The article takes readers through the design process, including the often intricate challenges of ensuring that the ...More >>

Callaghan Innovation on Trends Publishing International Ltd

Thu, 18 Dec 2014 11:08:45 +1300 | Callaghan Innovation

Callaghan Innovation has suspended a research and development (R&D) Growth Grant awarded to Trends Publishing International Ltd (Trends) following an audit of its funding claims.More >>

EMA’s Kim Campbell Misleading Aucklanders

Thu, 18 Dec 2014 09:41:25 +1300 | Auckland Energy Consumer Trust

The Auckland Energy Consumer Trust (AECT) has again been forced to correct misinformation about its legal status and that of the shares in Vector Ltd (NZX: VCT) that it holds in trust for the benefit of Vector lines customers in Auckland, Manukau and northern ...More >>

PGC to continue share buybacks; Torchlight audit still going

Wed, 17 Dec 2014 14:54:50 +1300 | BusinessDesk

Dec. 17 (BusinessDesk) - Pyne Gould Corp, which is controlled by managing director George Kerr, will keep on buying back shares as it looks to narrow the shortfall from its net tangible asset value, and said it expects the audit of its Torchlight ...More >>

NZ govt's deferred surplus won't hurt credit rating: Moody's

Wed, 17 Dec 2014 14:30:33 +1300 | BusinessDesk

Dec. 17 (BusinessDesk) - The one-year delay forecast in the New Zealand government's return to surplus doesn't have any implications for its Aaa credit rating, with everything else going in the right direction, according to Moody's Investors Service.More >>

Preserving a place for breaking NZ music on radio

Wed, 17 Dec 2014 12:45:27 +1300 | NZ On Air

New Zealand music buffs will continue to hear the newest local music on commercial radio stations throughout the country next year, with funding from NZ On Air confirmed for a total of 23 hours of local new music programmes a week across 11 networks.More >>

Over $700,000 allocated to racecourse safety

Wed, 17 Dec 2014 12:12:56 +1300 | New Zealand Government

Racing Minister Nathan Guy has announced that 25 projects to improve safety at racecourses across New Zealand will be receiving grants worth $703,596. The money is coming from the Racing Safety Development Fund which provides $1 million annually to racecourse ...More >>

China Inside Out: Five macro themes for 2015

Wed, 17 Dec 2014 12:02:11 +1300 | HSBC Bank

Both economic activity and inflation data have been weaker than we anticipated in recent months, suggesting rising disinflationary pressures. We lower our GDP growth forecast to 7.3% for 2015 (from 7.7%) and to 7.4% for 2016 (from 7.6%).More >>

Latest Reserve Bank Bulletins released

Wed, 17 Dec 2014 11:42:22 +1300 | Reserve Bank

The Reserve Bank today released two Reserve Bank Bulletins . More >>

FMA closes South Canterbury Finance Limited inquiries

Wed, 17 Dec 2014 11:39:59 +1300 | Financial Markets Authority

The Financial Markets Authority (FMA) has closed its inquiries into potential civil claims relating to South Canterbury Finance Limited (SCF). After careful consideration the FMA has decided not to take any further action.More >>


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