Latest Finance Headlines

HIFX Morning Update, May 22

Fri, 22 May 2015 09:15:58 +1200 | HiFX

The NZD opens at similar levels to where we closed yesterday. The budget caused little movement reiterating more of the same to come. Net migration numbers were slightly more interesting showing just over 4,700 new Kiwis arrived at our shores during the ...More >>

NZ dollar drops to 4-year low vs. Sterling after upbeat data

Fri, 22 May 2015 08:49:17 +1200 | BusinessDesk

May 22 (BusinessDesk) - The New Zealand dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected in April, boosting optimism about the outlook for the economy.More >>

Budget 2015 - Scoop Full Coverage - Update #1 21/5/15

Thu, 21 May 2015 19:02:08 +1200 | The Scoop Team

CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS CLICK TO JUMP TO THE BUDGET PRESS RELEASES CLICK TO JUMP TO BUDGET REACTION CLICK TO JUMP TO BUDGET PREVIEWS More >>

Scutts found guilty of fraud after accepting kickbacks

Thu, 21 May 2015 17:30:36 +1200 | BusinessDesk

May 21 (BusinessDesk) - Peter Scutts, the former head of New Zealand Wine Co, was found guilty of 17 fraud charges laid by the Serious Fraud Office in the Auckland High Court today.More >>

Bill English 2015 Budget Announcement - Video

Thu, 21 May 2015 16:19:35 +1200 | Jeremy Wilkinson

Bill English 2015 Budget Announcement - Video Video Here: ENDSMore >>

Axing Kiwisaver Kick Start Payment a Terrible Signal

Thu, 21 May 2015 15:46:44 +1200 | Financial Services Council

This is a terrible signal for younger New Zealanders starting out saving for the first home and a comfortable retirement using Kiwisaver against the background of an aging population.More >>

NZ credit ratings unaffected by government's 2015 budget

Thu, 21 May 2015 15:05:46 +1200 | BusinessDesk

May 21 (BusinessDesk) - New Zealand's credit ratings were unaffected by the government's 2015 budget, Standard & Poor's and Moody's Investors Service say. More >>

Budget 2015 continues responsible economic direction

Thu, 21 May 2015 14:47:07 +1200 | New Zealand Bankers' Association

Budget 2015 continues the government’s responsible economic direction the New Zealand Bankers’ Association said today. More >>

KiwiSaver $1,000 kick-start payment to cease

Thu, 21 May 2015 14:13:17 +1200 | New Zealand Government

People enrolling in KiwiSaver from 2pm today will no longer receive a $1,000 kick-start payment, Finance Minister Bill English says. The change does not affect existing KiwiSaver members. “KiwiSaver has been successful in attracting members, with 2.5 ...More >>

NZDMO adds $1 bln to bond programme in 2015/16 year

Thu, 21 May 2015 14:03:29 +1200 | BusinessDesk

May 21 (BusinessDesk) - The New Zealand Debt Management Office will increase borrowing by an extra $1 billion in the 2016 financial year, a period where the Treasury anticipates a bigger cash deficit as capital spending is expected to exceed cash flows.More >>

Low inflation, ACC changes slash $3.2B from Crown balance

Thu, 21 May 2015 14:02:23 +1200 | BusinessDesk

Low inflation, ACC changes slash $3.2B from Crown balance, as KiwiSaver perk axed to help kids More >>

Heartland flags profit at top end of guidance

Thu, 21 May 2015 10:58:21 +1200 | BusinessDesk

May 21 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, says it expects full year profit to be at the upper end of its guidance range.More >>

HiFX Morning Update, May 21

Thu, 21 May 2015 09:54:01 +1200 | HiFX

The FOMC minutes released this morning have downplayed the possibility of a June rate hike. The Fed said that “several” members back in March believed that they were on track to raise rates in June, however following the recent run of disappointing ...More >>

Completion of institutional entitlement offer

Wed, 20 May 2015 13:13:15 +1200 | Kiwi Property

Kiwi Property advises that it has successfully completed the institutional entitlement offer component (Institutional Entitlement Offer) of its underwritten 1 for 9 entitlement offer (Offer). More >>

LGFA extends bond terms as councils shift to 30-year plans

Wed, 20 May 2015 12:11:52 +1200 | BusinessDesk

May 20 (BusinessDesk) - The Local Government Funding Agency, New Zealand councils' lender, now boasts the country's second longest bond term, as the sector moves to a 30-year infrastructure planning regime. More >>

Goodman Property lifts FY earnings 5.4% on revenue growth

Wed, 20 May 2015 09:38:44 +1200 | BusinessDesk

May 20 (BusinessDesk) - Goodman Property Trust, which has teamed up with Singapore government-owned GIC to develop the Auckland Viaduct Quarter, lifted annual earnings 5.4 percent as it reaped higher rental revenue while clamping down on costs.More >>

New Zealand Weekly Economic & Political Update

Wed, 20 May 2015 09:36:33 +1200 | iPredict

The Official Cash Rate will be cut on 11 June and again by 10 December , according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. Despite this, annual inflation is not expected to reach 2% until ...More >>

HiFX Morning Update, May 20

Wed, 20 May 2015 09:12:53 +1200 | HiFX

HiFX Morning Update, May 20 The NZDUSD opens at 0.7345 (mid-rate) this morning. More >>

NZ dollar slips as US dollar gains on upbeat housing data

Wed, 20 May 2015 08:47:38 +1200 | BusinessDesk

May 20 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened following better-than-expected US housing data, boosting optimism the world's biggest economy may be recovering after a weak first quarter.More >>

Business NZ boss Phil O'Reilly to leave at the end of year

Tue, 19 May 2015 16:56:05 +1200 | BusinessDesk

May 19 (BusinessDesk) - Phil O'Reilly, the long-serving chief executive of Business New Zealand, will leave the lobby group at the end of the year, ending a decade providing one of the most vocal voices for the country's private sector.More >>

 

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