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XE Morning Update - Todd Muller New Leader Of The National Party

It has been reported that Simon Bridges has lost the National Party leadership vote to Todd Muller. Auckland Central MP, Nikki Kaye, as been elected as his deputy.


New separate news, NZ Finance Minister Grant Robertson has said:

  • They are considering 'helicopter money' but not to a level where they have details on how it will work.
  • 'Helicopter money' is where the Government or Reserve Bank make direct payments to individuals. These individuals are then expected to spend this money, thus stimulating economic activity.

The NZD is unchanged in immediate response.

Current indicative levels are:

NZDUSD 0.6110 / 0.6135

NZDAUD 0.9305 / 0.9330

NZDEUR 0.5580 / 0.5605

NZDGBP 0.4995 / 0.5020

NZDJPY 65.80 / 86.05

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FMA: MAS To Pay $2.1M Penalty For Making False Representations

Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments. More

IAG: Call On New Government To Prioritise Flood Resilience

The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B, second only to the Christchurch earthquakes. AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled. More

 
 
 
 
 
 
 
 
 
 
 
 

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