Latest Finance Headlines

More victims fall foul of aggressive phone scam

Wed, 23 Jul 2014 17:01:01 +1200 | Inland Revenue Department

A victim of an aggressive phone scam which is targeting Inland Revenue customers for money or threatening them with deportation or prison if they don’t pay has been duped out of $6,500.More >>

Griffin's to ramp up exports under new ownership, CEO says

Wed, 23 Jul 2014 13:53:44 +1200 | BusinessDesk

July 23 (BusinessDesk) - Griffin's Foods, the maker of Gingernuts and Eta brand snacks, plans to lift exports to more than 50 percent of sales within five years by leveraging new owner Universal Robina Corp's links in southeast Asia, says incoming chief executive ...More >>

Downed Malaysian Plane Could Impact NZ Economy

Wed, 23 Jul 2014 13:33:24 +1200 | Massey University

The shooting down of Malaysian Airways flight MH17 over Ukraine may yet have an impact on New Zealand’s economy, says a Russian economist from Massey University. More >>

Discipline and Transparency Lacking in MP’s Departure

Wed, 23 Jul 2014 13:01:31 +1200 | New Zealand First Party

Prime Minister John Key must come clean on MPs standing down, says New Zealand First Leader Rt Hon Winston Peters. “The Prime Minister must come clean about the reason Claudette Hauiti, MP, is not being the subject of party discipline or being held ...More >>

Fonterra job losses a massive blow to Waikato

Wed, 23 Jul 2014 12:05:02 +1200 | New Zealand Labour Party

The potential loss of up to 114 jobs from Fonterra’s Canpac plant in Hamilton is a massive blow to the Waikato region which has already lost hundreds of jobs, Labour says.More >>

Harmoney First Peer To Peer Lender Licenced By FMA

Wed, 23 Jul 2014 11:42:40 +1200 | Harmoney

Harmoney is set to liberate the way Kiwis invest and borrow with Peer to Peer Lending, and announced this month that it was the first lender in New Zealand to reach the standard required to obtain a Peer to Peer Lending License as granted by the sector’s ...More >>

NZ dollar slips before US CPI as OCR review looms

Tue, 22 Jul 2014 17:11:37 +1200 | BusinessDesk

July 22 (BusinessDesk) - The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world's biggest economy may have accelerated enough to bring forward the timing of interest rate hikes.More >>

RBNZ sees review of bank, non-bank regs complete by Sept 15

Tue, 22 Jul 2014 17:01:48 +1200 | BusinessDesk

July 22 (BusinessDesk) - The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they're as streamlined as possible given the layers of complexity added with the Basel III ...More >>

Westpac trials HCE Digital Wallet technology

Tue, 22 Jul 2014 12:53:07 +1200 | Westpac

Westpac is trialling Host Card Emulation (HCE) mobile payments, the first bank in New Zealand to actively do so and one of only a handful of banks globally to be using the innovative ‘digital wallet’ technology.More >>

Debtworks appoints COO

Tue, 22 Jul 2014 11:53:26 +1200 | Debtworks

Leading Auckland-based Debt Collection and Loan Servicing company, Debtworks (NZ) Ltd has appointed David Tombs to its newly created role of chief operations officer, effective early August. More >>

Orion reports steady profit – capex and debt set to rise

Tue, 22 Jul 2014 11:27:07 +1200 | Orion New Zealand Limited

A sound financial performance by Christchurch-based electricity distribution company, Orion New Zealand Limited, is good news for the city and the rebuild. Orion today announced that it had made a $50m profit after tax in 2014, up $1m on the previous ...More >>

Boost for talented young performers in the capital

Tue, 22 Jul 2014 11:18:08 +1200 | Dame Malvina Major Foundation

Young performing artists in the Wellington region can get a $5,000 boost towards achieving their dreams thanks to Arts Excellence Awards being offered by The Dame Malvina Major Foundation.More >>

Strong migration data likely to seal OCR increase

Tue, 22 Jul 2014 10:23:44 +1200 | CMC Markets

By Garry Dean (Sales Trader, CMC Markets New Zealand) The Kiwi continues to consolidate around 0.8700 in the leadup to Thursday’s Reserve Bank OCR review. While last week’s Q2 CPI number printed just below market expectation, it was largely in line with ...More >>

CTU Urges Reserve Bank Not to Raise Interest Rates

Tue, 22 Jul 2014 09:29:12 +1200 | NZCTU

The Council of Trade Unions is calling on the Reserve Bank not to raise interest rates on Thursday. “Another rise in interest rates will raise the dollar further, striking another blow at high value manufacturing industries who are exporting or ...More >>

NZ dollar gains after Griffin's deal; rate review looms

Mon, 21 Jul 2014 17:22:48 +1200 | BusinessDesk

July 21 (BusinessDesk) - The New Zealand dollar rose as the $700 million sale of Griffin's Foods to a Philippines-based company stoked expectations of demand for the kiwi and as traders pondered the likely language the Reserve Bank will use if ...More >>

Southern Cross Forest Products

Mon, 21 Jul 2014 17:04:47 +1200 | KordaMentha

The receivers of Southern Cross Forest Products Ltd (in receivership) (SCFP) have confirmed the sale of the company’s Milburn sawmill and Millstream drymill assets in Otago to Pan Pac Forest Products Ltd (Pan Pac). More >>

New Zealand’s responsible lending code not worth the paper

Mon, 21 Jul 2014 16:54:58 +1200 | Westforce Credit Union

While the UK last week became a slightly safer place for vulnerable consumers with a cap on payday lending, the New Zealand Government took steps to “ask" the loan sharks to participate in writing their own Responsible Lending Code.More >>

OMF Announces Relocation To New Wellington Office

Mon, 21 Jul 2014 16:53:03 +1200 | OMF Financial

Wellington, 1st July, 2014. OMF has announced the relocation of their Wellington office to ASB Tower, Hunter Street, Wellington. To celebrate this milestone, the OMF offices will be officially opened by Deputy Prime Minister, Hon Bill English ...More >>

Renault partnership increases BNZ presence in asset finance

Mon, 21 Jul 2014 16:42:35 +1200 | BNZ

BNZ is building its presence in delivering asset finance, announcing today a partnership with Renault New Zealand. The partnership will enable Renault dealers nationwide access to BNZ’s new Cloud-based online quote portal. The new portal which operates ...More >>

Christopher Giddens Struck off

Mon, 21 Jul 2014 15:17:26 +1200 | New Zealand Law Society

The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Christopher Giddens be struck from the Roll of Barristers and Solicitors. More >>

 

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