Latest Finance Headlines

Not-so-solid future for Solid Energy

Mon, 3 Aug 2015 17:21:08 +1200 | Jeremy Wilkinson

The fate of Solid Energy was the focus for this afternoon’s Post-Cabinet press conference in Wellington. More >>

AMP awarded a silver rating from Morningstar

Mon, 3 Aug 2015 17:03:45 +1200 | AMP

Leading KiwiSaver provider AMP is pleased to announce it has again been awarded a Silver analyst rating from international rating house Morningstar – the highest rating awarded to a KiwiSaver scheme.More >>

Belinda Moffat decides to leave FMA

Mon, 3 Aug 2015 14:11:38 +1200 | Financial Markets Authority

The Financial Market’s Authority (FMA) today announced that Belinda Moffat has decided to leave the FMA after three and a half years leading the FMA’s enforcement team. Ms Moffat joined the FMA in March 2012, in the establishment phase of the new ...More >>

HiFX Morning Update, August 3

Mon, 3 Aug 2015 09:19:04 +1200 | HiFX

The NZDUSD opens at 0.6585 (mid-rate) this morning. In what was a choppy end to the month trading session the NZDUSD which traded as low as 0.6535 rallied to a high of 0.6670 before settling to close out the month at 0.6585. The catalyst for the ...More >>

NZ Super Fund keeps strong equity weighting following review

Mon, 3 Aug 2015 09:13:17 +1200 | BusinessDesk

July 31 (BusinessDesk) - The New Zealand Superannuation Fund is sticking with a strong weighting to equities following a five-year review of its passive reference portfolio, which forms the basis for most of the fund’s investments.More >>

NZ dollar jumps higher after weak US employment cost data

Mon, 3 Aug 2015 08:50:56 +1200 | BusinessDesk

Aug. 3 (BusinessDesk) - The New Zealand dollar jumped higher after weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.More >>

House price expectations highest since survey began in 1996

Fri, 31 Jul 2015 17:32:26 +1200 | ASB Bank

House price expectations hit a new record, with a net 65% of respondents expecting house prices to increase. • More people expect interest rate declines over the next year. • First signs that new rules for property investors are impacting price ...More >>

FMA files against Milford's Warminger on market manipulation

Fri, 31 Jul 2015 13:18:09 +1200 | BusinessDesk

July 31 (BusinessDesk) - The Financial Markets Authority has filed civil proceedings against Milford Asset Management portfolio manager Mark Warminger alleging he manipulated stock prices in breach of the Securities Markets Act.More >>

HiFX Data Update - NZ Business Confidence

Fri, 31 Jul 2015 13:12:13 +1200 | HiFX

The ANZ Business Confidence & Own Activity figures for July have just been released. They came in worse than expected overall. The Business Confidence fell sharply compared with the previous quarter: -15.% versus -2.3% in June The Business Own Activity numbers ...More >>

Kirkcaldie shareholders call time on 152-year-old store

Fri, 31 Jul 2015 11:31:38 +1200 | BusinessDesk

July 31 (BusinessDesk) - Kirkcaldie & Stains' shareholders have voted in favour of Australian department store chain David Jones taking over the upscale Wellington store, ending a run of 152 years, and will receive $19.4 million in a distribution.More >>

OceanaGold buys Canada's Romarco, gaining access to US mine

Fri, 31 Jul 2015 09:46:11 +1200 | BusinessDesk

July 31 (BusinessDesk) - OceanaGold Corp, the Australian gold miner, has acquired Canada's Romarco Minerals for a 73 percent premium, in a bid to become the world's cheapest gold miner. More >>

Australia considering lowering GST import threshold

Fri, 31 Jul 2015 09:29:05 +1200 | PwC

Australia is proposing changes to its GST import threshold to try to even the playing field for its local retailers. Currently, the threshold on imported goods allows Australians to buy goods online from overseas for up to A$1000 without being charged ...More >>

Harmoney founder and CEO Neil Roberts leaves board

Thu, 30 Jul 2015 15:36:30 +1200 | BusinessDesk

July 30 (BusinessDesk) - Neil Roberts, founder and majority owner of Harmoney Corp, has stepped down from the peer-to-peer lender's board but will remain as chief executive. More >>

Brierley's Mercantile wins over Ask Funding board

Thu, 30 Jul 2015 12:02:05 +1200 | BusinessDesk

July 30 (BusinessDesk) - Ron Brierley's Mercantile Investment has won over the board of takeover target Ask Funding after sweetening its offer last week. More >>

Mortgage statistics need careful interpretation

Thu, 30 Jul 2015 10:17:56 +1200 | NZ Property Investors Federation

Latest Reserve Bank lending data released this week has shown that, over the last year, the proportion of lending to investors has risen from 29 percent to 33 per cent. This has led some to believe that property investment is rampant and a major ...More >>

Turners buys Southern Finance for $5 million

Thu, 30 Jul 2015 09:28:01 +1200 | BusinessDesk

July 30 (BusinessDesk) - Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book.More >>

Heartland says 2016 profit may rise as much as 15%

Thu, 30 Jul 2015 09:27:26 +1200 | BusinessDesk

July 30 (BusinessDesk) - Heartland New Zealand, the Auckland-based lender, said profit may rise as much as 15 percent in 2016, while affirming its guidance for earnings this year to reach the top of its forecast range. More >>

HiFX Morning Update – July 30

Thu, 30 Jul 2015 08:58:39 +1200 | HiFX

The NZDUSD opens at .6672 this morning. The NZD has lost ground overnight after it rallied over .6700 post the RBNZ Governor Wheeler’s speech yesterday More >>

NZ dollar falls as upbeat Fed drives greenback higher

Thu, 30 Jul 2015 08:49:56 +1200 | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly ...More >>

Council approves water scheme consent ‘condition precedent’

Wed, 29 Jul 2015 17:29:53 +1200 | Hawke's Bay Regional Investment Company

Hawke’s Bay Regional Investment Company Ltd (HBRIC Ltd) today updated Hawke’s Bay Regional Council (HBRC) on the progress of the Ruataniwha Water Storage Scheme and the Napier Port revaluation.More >>


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