Latest Finance Headlines
English marks NZ Super Fund’s 10th anniversary
Wed, 16 Oct 2013 17:15:40 +1300 | New Zealand Government
Finance Minister Bill English today congratulated the New Zealand Superannuation Fund on achieving its tenth anniversary, and having built a world-class sovereign wealth fund in that time.More >>
Trust in Global Financial Institutions - Q3 2013
Wed, 16 Oct 2013 16:21:37 +1300 | Thomson Reuters
Trust in global financial institutions remains negative overall, but regional differences widen • Divergence between positive analyst earnings and investors discounting growth still evident • Level of regulatory activity accelerating and doubled since ...More >>
ASB joins forces with Auckland Seafood Festival
Wed, 16 Oct 2013 15:58:05 +1300 | ASB Bank
ASB has come on board as the naming rights sponsor of the Auckland Seafood Festival. More >>
Capital Connection fare increase
Wed, 16 Oct 2013 13:48:15 +1300 | KiwiRail
Fares for the Capital Connection will increase for all travel from 1 November 2013. As part of the ongoing drive to ensure the commercial viability of the Capital Connection service, there will be a 10 percent increase in fare prices for passengers travelling ...More >>
EFTPOS New Zealand launches the latest EVOLUTION in payments
Wed, 16 Oct 2013 13:45:58 +1300 | EFTPOS New Zealand
EFTPOS New Zealand announced today the release of the latest VeriFone Evolution terminal range in New Zealand. These new payment devices see technology that we’ve come to rely on with our smartphones, such as high resolution colour touch screens.More >>
Price increases hitting low incomes and people in Canterbury
Wed, 16 Oct 2013 13:22:21 +1300 | Council of Trade Unions
“The sharp increase in the CPI this quarter, bringing it to a 1.4 percent increase for the year, is mainly in areas that hurt lower income families. In addition people in Canterbury are particularly hard hit”, says Bill Rosenberg, CTU economist.More >>
Singapore's Haj Pilgrims to Mecca Are Younger, Spending More
Wed, 16 Oct 2013 12:31:03 +1300 | Richard S. Ehrlich
Muslims in prosperous Singapore are spending more money when they travel on a religious haj pilgrimage to Mecca, Saudi Arabia, compared with previous years when they scrimped and saved, and they are also now going when they are younger.More >>
The Day of reckoning approaches
Wed, 16 Oct 2013 12:30:40 +1300 | CMC Markets
As the House of Representatives once again head back to basics to vote and try and reopen the US government later today, the New Zealand and Australian dollars remains eerily highly priced as if in some ‘sixth sense’ they believe a deal is imminent. ...More >>
RBNZ’s LVRs will make little difference, ANZ's Judge says
Wed, 16 Oct 2013 11:36:15 +1300 | BusinessDesk
Oct. 16 (BusinessDesk) – The Reserve Bank’s restrictions on low-deposit home loans won’t have much impact in alleviating pressures in a housing market driven by a shortage of land and high local authority compliance costs, says ANZ New Zealand ...More >>
Australians on 'credit-collision course'
Wed, 16 Oct 2013 11:35:21 +1300 | MyCRA Credit Repairs
A consumer advocate for accurate credit reporting hopes the introduction of a public scoring system from Veda Advantage will be the catalyst to boost dangerously low credit awareness and reduce the likelihood of credit disasters following the implementation ...More >>
Fund appoints Northern Trust to new passive mandates
Tue, 15 Oct 2013 14:16:13 +1300 | NZ Superannuation Fund
The NZ$23 billion New Zealand Superannuation Fund has appointed Northern Trust’s asset management arm, a leading global provider of index, active and multi-manager solutions, to manage four new passive global equities mandates.More >>
No hint on capital return from Contact Energy AGM
Tue, 15 Oct 2013 11:25:11 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – Contact Energy shareholders hoping for news of a capital return or increased dividends got slim pickings from the company’s annual meeting in Christchurch, although chief executive Dennis Barnes had good news for customers, ...More >>
Bank of Tokyo resists Solid Energy debt restructuring
Tue, 15 Oct 2013 10:49:39 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – Japanese financial giant Bank of Tokyo is opposing the debt restructuring deal announced on Oct. 1 to help get state-owned coal miner Solid Energy back on its feet, but may be forced to take the deal anyway, papers lodged ...More >>
Wage, price pressures ‘inevitable’ from building boom: RBNZ
Tue, 15 Oct 2013 10:40:35 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – The building boom looming in Christchurch and Auckland in the next three years will inevitably put upward pressure on wages and prices in the construction sector and could spill over into general inflation, driving up interest ...More >>
"Stand Up or Be Disappointed" is a call to action
Tue, 15 Oct 2013 10:07:29 +1300 | Trish Love - Love to Grow
Trish Love from Love to Grow in Wellington, New Zealand, is an expert international Business Advisor and Chartered Accountant who will be presenting at the ATSA Conference ( Accountants Technology Showcase Australia ) in Brisbane on the 14th and 15th October. ...More >>
Infratil sells Manston Airport for 350,000 British pounds
Tue, 15 Oct 2013 09:13:39 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – Infratil, the Wellington-based infrastructure investor, has agreed to sell Manston Airport in the UK for 350,000 British pounds to Stagecoach Group co-founder Ann Gloag and her brother Brian Souter.More >>
Christchurch Airport targeting excessive profits: regulator
Tue, 15 Oct 2013 08:52:44 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) - Christchurch International Airport’s proposed prices over the next two decades are significantly higher than the Commerce Commissions’ view of what’s acceptable, and tougher disclosure requirements have had little impact ...More >>
SFO launches probe into North Shore property development
Mon, 14 Oct 2013 17:35:06 +1300 | BusinessDesk
Oct. 14 (BusinessDesk) - The Serious Fraud Office has launched an investigation into a North Shore property development which has left foreign investors out of pocket after the companies went broke and the land sold to new developers. More >>
North Shore property development investigation confirmed
Mon, 14 Oct 2013 16:23:44 +1300 | Serious Fraud Office
The Serious Fraud Office (SFO) has confirmed that an investigation is under way into a residential property development on the North Shore, Auckland. The development companies included Albany Heights Villas Limited and Hunter Gills Road Limited.More >>
Greenpeace bail appeals refused, Brazil president speaks out
Mon, 14 Oct 2013 15:52:19 +1300 | Greenpeace
Appeals for bail by lawyers for Phil Ball and Kieron Bryan, both British citizens, were today refused by the Regional Court of Murmansk. Phil Ball is one of 28 Greenpeace International activists, along with New Zealanders David Haussmann and Jonathan Beauchamp, ...More >>
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