Latest Finance Headlines

Tasman Receives Upgrade in Credit Rating

Tue, 6 Dec 2016 15:27:40 +1300 | Tasman District Council

Independent credit rating agency Standard and Poor’s has upgraded the Tasman District Council’s outlook from stable to positive - with the Council’s strong financial management and reducing debt listed among the reasons for the change. More >>

Charity plight highlights role of financial reserves

Tue, 6 Dec 2016 13:56:50 +1300 | Latitude Group

The Canterbury West Coast Air Rescue Trust is usually putting away extra money at this time of year to get through the holiday season – the busiest time of year for rescues.More >>

Credit Quality of APAC Covered Bonds Will Remain Strong

Tue, 6 Dec 2016 10:13:13 +1300 | Moody's Investors Service

The credit quality of Australian, New Zealand, Korean and Singaporean covered bonds will remain strong in 2017, underpinned by the credit quality of issuers and sovereigns. More >>

HiFX Morning Update, December 6 2016

Tue, 6 Dec 2016 08:56:16 +1300 | HiFX

The NZDUSD opens at 0.7141 (mid-rate) this morning. After falling back below 0.7100 from a high of 0.7150 following the shock resignation of Prime Minister John Key the NZD has retraced the move and we open up this morning with the NZD retesting ...More >>

Moody’s view on New Zealand PM resignation

Mon, 5 Dec 2016 17:12:12 +1300 | Moody's Investors Service

• There are no implications from the Prime Minister's resignation for New Zealand's sovereign credit profile. More >>

HiFX Data Update - Prime Minister's Resignation

Mon, 5 Dec 2016 13:46:38 +1300 | HiFX

Breaking News: John Key has just announced he is resigning as Prime Minister. The National Party caucus will hold a meeting on 12th December to decide the new party leader and Prime Minister. John Key has indicated Finance Minister Bill English is ...More >>

Italian Referendum Outcome Adds Pressure

Mon, 5 Dec 2016 12:49:35 +1300 | ThinkMarkets

The Italian referendum result has brought a massive typhoon for the prime minister Matteo Renzi. His resignation was inevitable due to the vile outcome of this referendum. This opens the floor of an early election and presents more political instability ...More >>

Gordon Campbell on India’s huge socio-economic experiment

Mon, 5 Dec 2016 11:54:56 +1300 | Gordon Campbell

W ithout much coverage at all in the West, India has just been engaged for the past few weeks in one of the world’s biggest socio-economic experiments since the Cultural Revolution in China. With only four hours warning on November 8, Indian Prime Minister ...More >>

Christmas spending building steadily

Mon, 5 Dec 2016 11:49:13 +1300 | Paymark EFTPOS

The earthquake of Monday 14 November caused a drop in spending on the day in most New Zealand regions. Underlying spending through the Paymark network was 3.0% or $4.2 million below the level of the previous Monday. A similar estimate of the national ...More >>

NZ dollar gains after mixed US jobs data weighs on greenback

Mon, 5 Dec 2016 11:47:26 +1300 | BusinessDesk

Dec. 5 (BusinessDesk) - The New Zealand dollar rose after US non-farm payrolls painted a mixed picture of the US labour market, with slightly fewer jobs created last month but with the unemployment rate falling to a nine-year low.More >>

HiFX Morning Update, December 5 2016

Mon, 5 Dec 2016 08:53:39 +1300 | HiFX

Broad USD weakness following Friday’s payroll report has helped push the NZD back above 71 US cents. Although the report showed that jobs increased by more than expected (178k jobs Vs expected 170k jobs) and unemployment fell by 0.3% to a nine year low ...More >>

Harmoney fined $292k for misleading marketing campaign

Fri, 2 Dec 2016 21:12:31 +1300 | Commerce Commission

Peer-to-peer lender Harmoney has today been fined $292,500 in the Auckland District Court for misleading consumers into believing they had been pre-approved for a personal loan.More >>

Instance Finance boss accuses retail banks of 'poaching'

Fri, 2 Dec 2016 21:04:00 +1300 | BusinessDesk

Dec. 2 (BusinessDesk) - Instant Finance chief executive Richard de Lautour is accusing retail banks of poaching clients by undercutting loans the finance company has made at high interest rates once it has already done the hard yards on establishing borrowers' ...More >>

ACC takes home New Zealand’s top governance award

Fri, 2 Dec 2016 14:25:16 +1300 | Minter Ellison Rudd Watts

Congratulations to Accident Compensation Corporation (ACC), winner of the MinterEllisonRuddWatts Excellence in Governance award announced at last night’s Deloitte Top 200 Awards gala dinner.More >>

Earthquake doesn’t impact WCC’s strong credit rating

Fri, 2 Dec 2016 13:22:17 +1300 | Wellington City Council

The 14 November earthquake hasn’t affected Wellington City Council’s Standard and Poor’s (S&P) global credit rating – which has been maintained at AA. More >>

FMA hopes new legislation will encourage investors

Fri, 2 Dec 2016 09:18:45 +1300 | BusinessDesk

Dec. 1 (BusinessDesk) - The Financial Markets Authority says it wants to encourage investors into the sharemarket and business conduct will be important in improving confidence.More >>

HiFX Morning Update, December 2 2016

Fri, 2 Dec 2016 09:09:46 +1300 | HiFX

The NZDUSD opens at 0.7061 (mid-rate) this morning. The Kiwi was the worst performing currency of the majors in the last 24 hours, down against all its major trading partners. More >>

NZ home values rise at slowest annual pace in six months

Thu, 1 Dec 2016 15:50:05 +1300 | BusinessDesk

Dec. 1 (BusinessDesk) - New Zealand residential property values increased at the slowest annual pace in six months in November, as tougher lending restrictions constrain buyers.More >>

Green Party Members’ Bills pulled from ballot

Thu, 1 Dec 2016 13:41:06 +1300 | Green Party

The Green Party is thrilled to have two important bills drawn from the ballot today, both of which will help to create a fairer Aotearoa. More >>

Chapman Tripp appoints four new partners

Thu, 1 Dec 2016 13:17:47 +1300 | Chapman Tripp

Chapman Tripp is pleased to announce the appointment of four new partners, effective 1 December 2016. More >>

 

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