Latest Finance Headlines

PM’s Dismissal of Compensation - Disregard for Human Rights

Fri, 24 May 2013 17:25:00 +1200 | David Small

A Christchurch lawyer and academic who won $20,000 compensation in a court case against the Police for an unlawful search of his home has criticized John Key’s dismissal of calls for compensation for those subjected to unlawful Police search and detention ...More >>

Bear party resumes

Fri, 24 May 2013 14:57:06 +1200 | CMC Markets

The Australian market has failed to stem the bleeding after yesterday’s wretched performance. While US markets closed slightly down again overnight, their losses have been relatively minor compared to those experienced in Europe and Asia since ...More >>

The Chinese Spending Spree

Fri, 24 May 2013 14:56:53 +1200 | PwC

The Chinese shopping cart is filling fast as more of China’s private and state-owned businesses look to mature markets, such as New Zealand and Australia, for investment opportunities.More >>

Dream beyond ‘boat, BMW and bach', advise ethnic firms

Fri, 24 May 2013 14:02:13 +1200 | ANZ Bank

Successful ethnic firms in New Zealand are starting to offer an alternative to the “boat, BMW and bach” dream of many local business owners, says the country’s largest business lender.More >>

Govt releases PwC report on Pay Period 4

Fri, 24 May 2013 13:40:02 +1200 | New Zealand Government

Minister Responsible for Novopay Steven Joyce today released the PricewaterhouseCoopers (PwC) report on complaints and notifications in regards to Pay Period 4 of the schools’ payroll.More >>

Punakaiki Fund Announces IPO

Fri, 24 May 2013 12:10:07 +1200 | Punakaiki Fund

Punakaiki Fund Limited (Punakaiki) is pleased to announce that it is considering raising between $20 million and $50 million by Initial Public Offering (IPO), to fund investments into high growth potential New Zealand companies.More >>

NZ: New models of funding needed - investigative journalists

Fri, 24 May 2013 11:53:35 +1200 | Pacific Media Centre

Nicky Hager, author of The Hollow Men and Other People’s Wars, says there is not enough support for investigative journalists in countries like New Zealand. “I hope that one day there will be a return to serious public funding for investigative ...More >>

IG Markets - Morning Thoughts

Fri, 24 May 2013 11:05:20 +1200 | IG Markets

There were some pretty sharp reversals in key markets after yesterday’s dismal Asian session that resulted in a hefty sell-off across the board. Investors focused on housing and unemployment claims data out of the US, along with more comments from ...More >>

NZ dollar bounces back from lows after Bernanke overreaction

Fri, 24 May 2013 08:27:10 +1200 | Businesswire

May 24 (BusinessDesk) – The New Zealand dollar rebounded from an eight-month low, after failing to break below 80 US cents, as some traders deemed the initial response to Federal Reserve chairman Ben Bernanke’s comments on a possible end to quantitative ...More >>

Dominion Finance’s Cropp jailed for 2 years 7 months

Thu, 23 May 2013 17:46:24 +1200 | BusinessDesk

May 23 (BusinessDesk) - Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. More >>

BNZ Weekly Overview: Migration could be about to boom...

Thu, 23 May 2013 17:24:39 +1200 | Bank of New Zealand

Migration could be about to boom, that means higher house prices, hence a special look at housing in my Youtube video this week.. More >>

Dominion CEO sentenced

Thu, 23 May 2013 17:00:59 +1200 | Serious Fraud Office

The former CEO of Dominion Finance Group Limited (Dominion) and North South Finance Limited (North South) was today sentenced in relation to four Crimes Act charges laid by the Serious Fraud Office (SFO) arising out of the collapse those companies.More >>

A good local idea sees ANZ open in Mt Eden Village

Thu, 23 May 2013 15:18:50 +1200 | ANZ Bank

Customers suggested it, and today ANZ celebrated the opening of its new branch in the heart of Mt Eden Village. More >>

Weak start expected at open following negative US sentiment

Thu, 23 May 2013 12:53:17 +1200 | CMC Markets

Market participants witnessed a roller coaster trading session in the US markets overnight. Sentiment quickly shifted from bullish to bearish as US Fed Chairman Bernanke revealed the possibility that asset purchases may be scaled back in the next few ...More >>

Bank Customers Need to Remember Basics – Banking Ombudsman

Thu, 23 May 2013 12:18:57 +1200 | Banking Ombudsman

Have you heard the story about the kids who used their mum’s credit card details to buy up large online? Or the one about the person who saved all their PINs disguised as phone numbers on their mobile which was then stolen by a thief who saw through ...More >>

ASB / Main Report Regional Economic Scoreboard

Thu, 23 May 2013 11:14:13 +1200 | ASB Bank

Auckland and Canterbury once again dominate the rankings in the latest ASB / Main Report Regional Economic Scoreboard. More >>

IG Markets - Morning Thoughts

Thu, 23 May 2013 11:09:56 +1200 | IG Markets

The key event of the week didn’t deliver any big surprises, but still managed to drive the US dollar higher as investors continue to bet on the Fed tapering off on QE. Fed chief Ben Bernanke continued to sound dovish about the risk of a premature ...More >>