Latest Finance Headlines

Paymark lifts profit, sales in 2017

Fri, 18 Aug 2017 17:15:50 +1200 | BusinessDesk

Aug. 18 (BusinessDesk) - Paymark,the EFTPOS terminal provider owned by the four major banks, lifted earnings and sales in 2017, as its owners continue to search for a buyer.More >>

CBL says 1H earnings dropped 36% due to increased reserves

Fri, 18 Aug 2017 13:01:22 +1200 | BusinessDesk

Aug. 18 (BusinessDesk) - Auckland-based credit surety and financial risk insurer CBL Corp says first half operating earnings fell 36 percent, largely due to a $16.5 million increase in CBL Insurance's reserves to cover future claims, although revenue ...More >>

Politics Live at FSC & Workplace Savings Conference

Fri, 18 Aug 2017 09:59:00 +1200 | Financial Services Council

15 August 2017 - The Financial Services Council and Workplace Savings NZ have today confirmed three leading NZ politicians will be speaking at the ‘Navigating Change’ conference on 7-8 September.More >>

New Appointment & Service Offering at Grant Thornton

Fri, 18 Aug 2017 09:41:17 +1200 | Grant Thornton

Grant Thornton New Zealand is delighted to announce the appointment of Nick Li as an associate and head of the firm’s new Asia Services Group (ASG). More >>

HiFX Morning Update, August 18 2017

Fri, 18 Aug 2017 08:20:18 +1200 | HiFX

The NZDUSD opens at 0.7294 (mid-rate) this morning. The NZD has traded a 115 point or 1.6% range this week against the USD finishing moderately lower from where it started. NZ producer output prices (the prices producers get for their goods and ...More >>

Mastercard Reminds Kiwis to Manage their Finances Wisely

Thu, 17 Aug 2017 11:52:54 +1200 | Mastercard

Auckland, New Zealand – 17 August 2017 – This Money Week, the vast majority of New Zealanders are thinking about saving, retirement and planning ahead, according to the latest research from Mastercard. Mastercard’s biannual research on money ...More >>

NZ Q2 Producer Price Index Release

Thu, 17 Aug 2017 11:15:35 +1200 | HiFX

The NZ Q2 Producers Price Index (PPI) for has just been released. The PPI came in better than expected. NZ PPI Q2 (compared with Q1): PPI Inputs +1.4% Consensus +0.9% PPI Outputs +1.3% Consensus +0.7% The NZD-USD is little moved in immediate response. ...More >>

Freightways Acquires Australian Medical Waste Company

Thu, 17 Aug 2017 10:44:28 +1200 | Freightways

Freightways Limited (Freightways) has diversified its presence in the Australian market with the purchase of the business and assets of State Waste Services (Australia) Pty Ltd and its related entities (collectively, SWS). SWS provides medical waste ...More >>

Not all bonds are equal – FMA survey

Thu, 17 Aug 2017 08:49:52 +1200 | Financial Markets Authority

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ...More >>

HiFX Morning Update, August 17 2017

Thu, 17 Aug 2017 08:27:28 +1200 | HiFX

The NZDUSD opens at 0.7317 (mid-rate) this morning. This morning’s FOMC meeting minutes have shown there is a growing split between policy makers on the timing of future interest rate hikes, with some officials arguing that the FOMC “could afford ...More >>

KiwiSaver HomeStart continues to grow

Wed, 16 Aug 2017 19:51:47 +1200 | New Zealand Government

KiwiSaver HomeStart is playing an increasing role in helping home buyers purchase their first property, Building and Construction Minister Dr Nick Smith says. “The second full year of the scheme has seen 15,400 first home buyers assisted with $75 ...More >>

Read, ask, disclose: Money Week tips

Wed, 16 Aug 2017 14:12:38 +1200 | Money Week

Read and understand now, and avoid problems later, says Karen Stevens, Insurance & Financial Services Ombudsman. More >>

What does debt do for you?

Wed, 16 Aug 2017 12:08:40 +1200 | Money Week

02 Aug 2017 - The Banking Ombudsman Scheme is pleased to support Money Week 2017. This year Money Week runs from 14 - 20 August 2017 with the theme ‘what does debt do for you’?More >>

HiFX Morning Update, August 16 2017

Wed, 16 Aug 2017 08:14:52 +1200 | HiFX

The NZDUSD opens at 0.7238 (mid-rate) this morning. A combination of broad USD strength and a fall in dairy prices has seen the NZD underperform overnight. The NZD is the weakest of the G10 currencies with the NZDUSD currently trading at 5-week lows. This ...More >>

NZ Super Fund not aiming for a zero carbon portfolio

Tue, 15 Aug 2017 19:42:01 +1200 | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand Superannuation Fund is not aiming for a zero carbon portfolio and will keep investing in energy companies if they are making significant advances regarding climate change risk, says chief executive Adrian Orr.More >>

PM says there's no need for debt to income ratio tool

Tue, 15 Aug 2017 18:36:56 +1200 | BusinessDesk

NZ prime minister says there's no need for debt to income ratio tool to curb lending By Rebecca Howard More >>

NZ Super Fund shifts passive equities to low-carbon

Tue, 15 Aug 2017 14:50:28 +1200 | NZ Superannuation Fund

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today.More >>

Parnell business wins out over the big banks

Tue, 15 Aug 2017 14:16:56 +1200 | New Zealand Home Loans

Tuesday 15 August 2017 Parnell business wins out over the big banks in customer service battle More >>

Property Institute applauds dumping of DTI plans

Tue, 15 Aug 2017 13:57:33 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank.More >>

ANZ New Zealand 9-mth earnings jump 19%

Tue, 15 Aug 2017 13:47:37 +1200 | BusinessDesk

ANZ New Zealand 9-mth earnings jump 19% on smaller bad debt charges, cost cutting More >>


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