Latest Finance Headlines

Warehouse agrees to sell financial services unit to SBS

Mon, 24 Jul 2017 20:55:14 +1200 | BusinessDesk

July 24 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, is selling its financial services business to a subsidiary of SBS Bank for $18 million, although most of that will be offset by an impairment.More >>

NZ Super Fund retains A+ for responsible investment

Mon, 24 Jul 2017 15:32:31 +1200 | BusinessDesk

July 24 (BusinessDesk) - The New Zealand Superannuation Fund scored an A+ rating for governance and strategy around responsible investment for the third year in a row in the latest benchmarking report from the United Nations-supported Principles ...More >>

World Week Ahead: Fed Meets, Eyes on Earnings

Mon, 24 Jul 2017 11:40:48 +1200 | BusinessDesk

July 24 (BusinessDesk) - It’s a big week for corporate earnings on both sides of the Atlantic, while Federal Reserve policy makers also gather for a two-day meeting. More >>

Non-bank lenders support fast-forwarding Robo-Advice access

Mon, 24 Jul 2017 10:03:40 +1200 | Financial Services Federation

Robo-Advice, Digital-Advice, Automated-Advice. Whatever you choose to call it, the appetite to access financial advice online is growing, and New Zealand’s legislation is yet to catch up.More >>

New model to unlock infrastructure investment shortfall

Mon, 24 Jul 2017 09:12:41 +1200 | EMA

A government initiative to allow public and private investment in critically needed infrastructure is a significant step forward for the country. More >>

HiFX Morning Update, July 24 2017

Mon, 24 Jul 2017 08:18:00 +1200 | HiFX

The NZDUSD continued to push higher on Friday closing at 0.7454 a level last seen in September 2016, with Tuesday’s disappointing inflation report all but forgotten the NZD has since made steady gains against all of its rivals. The big mover on Friday ...More >>

Pacific Business Trust Supporting Pacific Innovation

Fri, 21 Jul 2017 14:18:14 +1200 | Pacific Business Trust

Combating the lack of financial literacy skills among the Pacific community motivated Brittany Teei and her mother Teri (Tereapii) to launch KidsCoin, an online tool that empowers students from years 3 to 10 to teach themselves about money, learning to ...More >>

Consumers Tell FMA about Financial Providers’ Conduct

Fri, 21 Jul 2017 12:05:34 +1200 | Financial Markets Authority

Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. More >>

Deloitte South Island Index Achieves Modest Growth

Fri, 21 Jul 2017 11:46:51 +1200 | Deloitte New Zealand

South Island listed firms market capitalisation grew 2.8% in the quarter to 30 June 2017 More >>

HiFX Morning Update, July 21 2017

Fri, 21 Jul 2017 10:10:42 +1200 | HiFX

The NZD traded an 81 point range overnight (0.7334 to 0.7415) and opens above 0.7400. The NZD has gained 62 points or 0.8% against the USD from Monday’s open of 0.7345 The Bank of Japan at their press conference delivered... nothing - no change. However, ...More >>

BNZ considering IMF recommendations

Thu, 20 Jul 2017 15:57:58 +1200 | BusinessDesk

July 20 (BusinessDesk) - The Reserve Bank of has begun a process to review the relevant findings and recommendations from an International Monetary Fund review and is initially focused on whether greater alignment with international orthodoxy might contribute ...More >>

Low interest rates drive a change in traditional saving

Thu, 20 Jul 2017 15:15:44 +1200 | InvestNow

Investors in their droves are seeking alternative fixed interest solutions as stubbornly-low bank term deposit rates continue to bite, according to Mike Heath, General Manager of online investment platform, InvestNow.More >>

Reserve Bank Governor Selection A Stab In The Dark

Thu, 20 Jul 2017 14:06:52 +1200 | TransTasman

INSIGHTS ABOUT THE NEWS - An organisation’s stakeholders are a person, group or another organisation with an interest or concern in its activities and can affect or be affected by the organisation's actions, objectives and policies. Not all stakeholders ...More >>

HiFX Morning Update, July 20 2017

Thu, 20 Jul 2017 09:17:15 +1200 | HiFX

NZDUSD 0.7355 0.0% NZDEUR 0.6387 0.4% NZDGBP 0.5649 0.2% NZDJPY 82.29 -0.1% NZDAUD 0.9247 -0.4% NZDCAD 0.9264 -0.2% GBPNZD 1.7702 -0.2% More >>

FMA and KiwiSaver managers

Wed, 19 Jul 2017 16:06:16 +1200 | BusinessDesk

July 19 (BusinessDesk) - The Financial Markets Authority has confirmed it will allow KiwiSaver fund managers to use two different methods to show how much they are charging people to manage their funds, with both able to provide investors with the information ...More >>

Maori settlement groups achieve higher returns on assets

Wed, 19 Jul 2017 15:03:41 +1200 | BusinessDesk

July 19 (BusinessDesk) - Maori iwi groups that have received settlements from the Crown achieved a higher average return on assets than New Zealand's biggest listed companies, but paid out a lower level of dividends, according to research by ANZ ...More >>

FMA confirms KiwiSaver fees methodology

Wed, 19 Jul 2017 11:51:43 +1200 | Financial Markets Authority

The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them ...More >>

Reserve Bank outlines stance on cyber issues

Wed, 19 Jul 2017 10:44:36 +1200 | Reserve Bank

Firms in the finance sector, regulators, and other authorities all have a part to play in managing cyber security risks while still benefiting from the opportunities of new financial technology.More >>

Post-settlement iwi making strong returns

Wed, 19 Jul 2017 10:41:14 +1200 | ANZ Bank

An extensive financial analysis of 31 post-settlement iwi/hapū shows all recorded a positive profit on commercial assets in the last reported year, with an average return on assets of 8.2%.More >>

HiFX Morning Update, July 19 2017

Wed, 19 Jul 2017 09:56:19 +1200 | HiFX

The NZDUSD opens at 0.7358 (mid-rate) this morning. Yesterday’s disappointing inflation data which saw the NZD fall sharply was all but forgotten by the early afternoon with the NZD joining all other G10 currencies in rising sharply against ...More >>

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