Latest Finance Headlines

First use of FMA power to exercise investor's right to sue

Wed, 20 Aug 2014 13:54:44 +1200 | Chapman Tripp

The Financial Markets Authority ( FMA ) today filed civil proceedings under its new power to 'stand in the shoes' of another and exercise that person's right to take action against a financial markets participant.More >>

Dimensional Seeks Efficiencies with Calastone

Wed, 20 Aug 2014 12:27:46 +1200 | Dimensional Fund Advisors

Global asset manager Dimensional Fund Advisors has moved to streamline fund administration for its Australian and New Zealand clients by extending its global relationship and implementing Calastone’s global fund transaction network service. Calastone specialises ...More >>

LBMA Silver Price Launches New Era in Pricing Precious Metal

Wed, 20 Aug 2014 12:27:38 +1200 | Thomson Reuters

CME Group, the world’s leading and most diverse derivatives marketplace, and Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, have launched the new LBMA Silver Price mechanism in partnership with ...More >>

Bartercard IPO Update

Wed, 20 Aug 2014 11:16:00 +1200 | Westpac Business Awards

The International Reciprocal Trade Association recently released an announcement regarding a contingent contract with Bartercard parent company BPS Technology and the following are the key points from IRTA’s release. During the past seventeen ...More >>

FMA files suit against trustee Prince and Partners

Wed, 20 Aug 2014 10:35:39 +1200 | BusinessDesk

Aug. 20 (BusinessDesk) - The Financial Markets Authority has filed civil proceedings against Prince and Partners Trustee Co over its role as trustee of failed finance company Viaduct Capital, the first such case the FMA has taken against a trustee ...More >>

Mike Pero Sponsors Barry Scheene Motorcycle Classic

Tue, 19 Aug 2014 17:34:45 +1200 | Bikesport NZ

Mike Pero Real Estate have taken the naming rights sponsorship for the Barry Sheene Motorcycle Classic at Hampton Downs this Labour Weekend, October 24-25-26. More >>

NZ dollar break below 90.50 Aust cts ahead of dairy auction

Tue, 19 Aug 2014 17:06:01 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar fell below a key support level against the Australian dollar and weakened against the greenback as traders took advantage of weaker producer prices and government economic forecasts to sell the kiwi ahead ...More >>

NZ inflation expectations dwindle as shine taken off economy

Tue, 19 Aug 2014 16:25:01 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn't have to rush to raise interest rates again.More >>

Nikko Asset Management Unveils Global Multi-Asset Capability

Tue, 19 Aug 2014 15:55:24 +1200 | Nikko AM

Global investors’ increasing demand for multi-asset investment strategies is driving Nikko Asset Management to form a specialist portfolio management team in Singapore, the company announced today. The team, which currently oversees $24 billion of assets ...More >>

NZ poised to be superpower of craft beer

Tue, 19 Aug 2014 14:17:41 +1200 | ANZ Bank

The thirst for New Zealand craft beer is expected to triple over the next decade but there are concerns that brewers might not be ready to capitalise on the demand. More >>

Farm Investment Insight: China

Tue, 19 Aug 2014 13:43:11 +1200 | MyFarm

In this edition, Andrew Watters examines the market for New Zealand's dairy and meat products in China and concludes that demand and opportunities will continue to grow.More >>

Prefu shows National’s economic credentials intact

Tue, 19 Aug 2014 12:03:37 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take.More >>

Kiwi falters as global markets rally on easing in Ukraine

Tue, 19 Aug 2014 11:53:09 +1200 | CMC Markets

Risk assets have posted significant rallies in overnight trading as we start the week, with an easing of tensions seen in the Ukraine. Russia has said that a dispute over its humanitarian aid convoy has been settled, a major move forward given the ...More >>

Capital goods prices up 0.7 percent

Tue, 19 Aug 2014 10:59:14 +1200 | Statistics New Zealand

In the June 2014 quarter, the price of purchasing new capital items rose 0.7 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose.More >>

Paymark to take EFTPOS payment online

Tue, 19 Aug 2014 10:55:22 +1200 | Paymark

Paymark is set to launch EFTPOS online next year allowing those with a New Zealand bank account to purchase online without having to have a credit card. The initiative is currently being developed with three of New Zealand’s largest banks, ASB, BNZ ...More >>

Kiwi falters as global markets rally on easing in Ukraine

Tue, 19 Aug 2014 09:33:29 +1200 | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) Risk assets have posted significant rallies in overnight trading as we start the week, with an easing of tensions seen in Ukraine. Russia have said that a dispute over its humanitarian aid convoy has ...More >>

Pyne Gould says full-year profit fell to $20 mln

Tue, 19 Aug 2014 09:13:54 +1200 | BusinessDesk

Aug. 19 (BusinessDesk) - Pyne Gould Corp, the Guernsey-based asset management firm controlled by George Kerr, said full-year profit was less than half its result in 2013, when it took one-time gains from the sale of assets.More >>

Timing of Route K news ‘cynical election bribe’

Mon, 18 Aug 2014 17:27:36 +1200 | New Zealand Independent Coalition

NZ Independent Coalition candidate for Tauranga, Michael O’Neill slammed the timing of today’s announcement on Route K as a cynical election bribe. He asked how high the tolls are going to rise.More >>

Dirty Politics: The politics, not the dirt is the problem

Mon, 18 Aug 2014 16:45:49 +1200 | Ben Peterson

Nicky Hager’s Dirty Politics just blew up the election. The material comes largely from Cameron Slater’s leaked emails, but it covers much more than his personal activity. It outlines the activities of central National Party figures, up to and ...More >>

Lateral Corp jumps 75% on debut in thinly traded compliance

Mon, 18 Aug 2014 15:15:42 +1200 | BusinessDesk

Aug. 18 (BusinessDesk) - Shares of mobile payments company Lateral Corp jumped 75 percent in a thinly traded debut on the NZX's small-cap Alternative Market, ahead of a planned private placement in coming months.More >>

 

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