
FMA anticipates wave of appeals
The FMA is expecting a wave of appeals after deregistering 100 companies from the Financial Service Providers register, as it awaits a High Court ruling on Vivier & Co's appeal.
The FMA is expecting a wave of appeals after deregistering 100 companies from the Financial Service Providers register, as it awaits a High Court ruling on Vivier & Co's appeal.
Vivier & Co, which has one-time political operator Luigi Wewege as a director, says the FMA used an 'inflammatory article' to strip it of registration.
A firm directed by Luigi Wewege will today appeal being kicked off the Financial Service Providers Register by the FMA.
The dollar rose as traders delayed their expectations for US interest rate hikes, broadly weakening the greenback.
Royal Bank of Scotland boss Ross McEwan follows through on his promise to return $2.4m of his share-based allowance by last week giving $1.2m to charity.
The directors of OPI Pacific Finance, which collapsed owing $247m, have pleaded guilty to making untrue statements.
Q: A few years ago my daughter entered the workforce. She got a credit card with a limit of $500. Within a year the bank sent a letter raising the limit to $10,000.
The New Zealand dollar gained as traders pare back bets for the Federal Reserve to hike interest rates next month.
Ring belongs to a woman linked to a currency and commodity trading firm whose assets are frozen.
The dollar was little changed after dairy product prices jumped as expected at auction overnight.
NZ's five biggest banks continued to show strong earnings growth, but questions are being raised about whether this can be sustained.
The slip came as net interest income for ANZ Bank's NZ arm rose 4 per cent in the past financial year to $2.14 billion.
Auckland could take another 86,400 dwellings in the next eight years without any risk of over-building.
Part of a farmer's $1.3m lawsuit against a firm of financial advisers has been thrown out for being launched too late.
The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.
Investors will soon have another option when it comes to beating the savings' rate on money in the bank.
In light of the stress the dairy industry is under right now, they really do need to take the longer-term view that they say they are taking, writes Brian Fallow.
New Zealand told a wary United States of its involvement in a new Chinese infrastructure bank from the start and those conversations were never tense, officials say.
The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.
The country's economic outlook may have softened but the Westpac Bank is still positive about its own situation, says its chief executive David McLean.
An expert says many people are living in 'lala land' when it comes to how much they can earn off their savings.
ASB, which reported a record annual profit yesterday, is increasing rural provisioning as a slump in dairy prices puts increasing financial pressure on farmers.
The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.
Mercer Group expects to turn a loss in 2015 and the stainless steel fabricator is considering selling its interiors and medical divisions to focus on its core business.
Downbeat economic commentary continued to flow yesterday, with Westpac saying it expects New Zealand's annual GDP growth to dip below 2 per cent, while ANZ's Truckometer is pointing to a clear....
The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.
A surge in apparel spending has boosted New Zealand's total electronic card sales figures for the third month in a row, however this growth is likely to slow, according to economists.
The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents.