
NZ dollar gains after election result
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
The liquidators of a crumbled wing of the Blue Chip empire are trying to claw back about $750,000 from multi-millionaire Sir Bob Jones' company.
The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.
New Zealand financial markets are expected to firm when they open today after the National Party secured the first ever outright win.
The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by the end of next year.
The Commerce Commission expects to finally reveal next month whether it will file court action against three banks involved in its interest rate swaps probe.
New Zealand's financial regulator spent $400,000 more investigating and chasing Brian Henry for market manipulation than it got back from him in penalties.
The receivers of failed lender Bridgecorp have eked out another $4m after cutting a deal over a loan on which it held an insurance policy.
The FMA is seeking to reveal the extent of "concerning" KiwiSaver sales and switching practices it claims are being used by banks.
NZ manufacturing activity picked up in August, extending the period of expansion to two years, and pointing to more industrial production.
The 300-strong, record turnout at last weekend's Shareholders Association annual conference helped illustrate a major challenge facing the local sharemarket.
In an effort to lower rates and weaken the currency, Labour is pledging to broaden the RBNZ's policy goal by re-writing its main objective.
Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.
The NZ dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar.
Heartland New Zealand will gain access to new borrowers through its investment in an online lending platform, says chief executive Jeff Greenslade.