National Business Review Banking and finance

Reserve Bank eyes lack of payment system supervision

wbutler@nbr.co.nz — Wed, 19 Jun 2013 05:10:05 +0000

It sees the lack of regulatory oversight of New Zealand's payment and settlement systems as a problem.

Greens' money printing policy too much for Labour

rhosking@paradise.net.nz — Wed, 19 Jun 2013 02:52:16 +0000

AMP Capital lifts full-year fee income by 34%

wbutler@nbr.co.nz — Wed, 19 Jun 2013 00:43:37 +0000

The Wellington-based funds manager had fee income of $49.1m in calendar 2012, up from $36.8m a year earlier.

Rich Lister Neville Jordan to launch new fund

Niko Kloeten — Tue, 18 Jun 2013 21:18:08 +0000

ANZ first bank to face class action

georgina-bond — Mon, 17 Jun 2013 21:14:06 +0000

UPDATED: ANZ breaks silence, says the claim will be vigorously defended.

Services sector activity at best May level in six years

businessdesk — Mon, 17 Jun 2013 00:40:40 +0000

The index is "solid enough to infer sturdy growth across most of the economy".

Consumer confidence jumps to highest in three years

businessdesk — Sun, 16 Jun 2013 23:40:38 +0000

June index buoyed by improving economic prospects, rising house values, low interest rates and falling prices.

SMEs swoop on free website offer

georgina-bond — Fri, 14 Jun 2013 01:00:54 +0000

Westpac and MYOB beat their goal of creating 10,000 free business sites in a year.

Manufacturing outlook outstrips China in 'stunning' upturn

rhosking@paradise.net.nz — Thu, 13 Jun 2013 23:29:45 +0000

Manufacturers hit a nine-year high in May

businessdesk — Thu, 13 Jun 2013 23:30:42 +0000

The highest level since June 2004, led by new orders and production, stoking optimism the economy may be picking up pace.

Wheeler seeks ‘soft landing’ for property market

businessdesk — Thu, 13 Jun 2013 04:10:39 +0000

Hopes to cushion the landing for over-heating Auckland and Christchurch property markets in an effort to avoid the pitfalls seen in the US.

Wheeler steps up rhetoric on dollar

rhosking@paradise.net.nz — Wed, 12 Jun 2013 21:20:48 +0000

Reserve Bank mulls risks of housing, currency dilemma

wbutler@nbr.co.nz — Wed, 12 Jun 2013 21:18:03 +0000

Either of them could force the bank's hand to move on interest rates.

RBNZ to keep OCR at 2.5% until end of the year

businessdesk — Wed, 12 Jun 2013 21:10:45 +0000

Reserve Bank governor Graeme Wheeler focuses on balancing the competing tensions of an "over-valued" currency and an overheating property market.

Current account gap no threat to economic stability - Mahklouf

businessdesk — Wed, 12 Jun 2013 03:20:39 +0000

Deficit is being exaggerated by insurance flows stemming from the Canterbury rebuild and is not ringing alarm bells, Treasury secretary says.

Retail credit, debit cards spend rises 0.5% in May

businessdesk — Tue, 11 Jun 2013 23:20:38 +0000

Total spending of $5.8 billion was led by fuel, food and liquor, and hospitality.

$16b US fund manager coming to NZ

Niko Kloeten — Tue, 11 Jun 2013 21:03:20 +0000

Dorchester lifts Turners Auctions stake to 19.85%, no offer plans

businessdesk — Mon, 10 Jun 2013 00:41:07 +0000

No immediate plans to make an offer for the company.

Treasury misses out on say in RBNZ’s new toolkit, documents show

businessdesk — Mon, 10 Jun 2013 00:40:44 +0000

The government's financial adviser had wanted an ongoing role in the use of the macro-prudential tools.

Super Fund excludes nuclear base operators, clears ex-cluster munitions makers

businessdesk — Sun, 09 Jun 2013 23:40:42 +0000

Seven companies locked out, four able to return.