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Finance Press Releases

Think before signing away investor rights

The Financial Markets Authority (FMA) looks to advise investors to think carefully about becoming wholesale clients.

Submitted by pr.co.nz

May 6th, 2011 at 9:56 am

Mortgage link pathway to competency

Mortgage link announce a new pathway to publicly show competence and ensure above average performance.

Submitted by pr.co.nz

April 28th, 2011 at 4:20 pm

Regions & Categories: Finance,New Zealand

Topics:

OCR remains at 2.5 percent

The OCR remains unchanged at 2.5 percent with the RBNZ Governor describing the outlook as “uncertain” following the Christchurch earthquake.

Submitted by pr.co.nz

April 28th, 2011 at 10:09 am

OCR is reduced 50 basis points to 2.5 percent

The New Zealand Reserve Bank announce that the OCR (Official Cash Rate) is today being reduced by 50 points to 2.5 percent.

Submitted by pr.co.nz

March 10th, 2011 at 9:12 am

Regions & Categories: Finance,New Zealand

Topics: , ,

Government Export Credit Support Extended

The Government has extended the full range of support the New Zealand Export Credit Office provides to exporters for another three years, Finance Minister Bill English says.

Submitted by pr.co.nz

January 24th, 2011 at 12:23 pm

PFI secures new five-year banking facility

Property For Industry (PFI) a listed industrial property investor announces on the NZX that it has secured a new five-year bank debt facility of $150 million.

Submitted by pr.co.nz

December 24th, 2010 at 9:10 am

OCR remains unchanged at 3.0 percent

Alan Bollard, Reserve Bank Governor says interest rates are projected to rise to a more limited extend for the next two years in comparison to that signalled in the September release.

Submitted by pr.co.nz

December 9th, 2010 at 9:10 am

Regions & Categories: Finance,New Zealand

Topics: , ,

Reserve Bank submission to Savings Working Group

The Reserve Bank of New Zealand (RBNZ) release a submission to the Government’s Savings Working Group.

Submitted by pr.co.nz

November 24th, 2010 at 2:10 pm

RBNZ Bank Disclosure Review Finalised

The Reserve Bank of New Zealand finalises the main policy decisions in its review of disclosure requirements for registered banks achieving better information and less compliance costs.

Submitted by pr.co.nz

November 19th, 2010 at 11:09 am

Regions & Categories: Finance,New Zealand

Topics: ,

OCR unchanged at 3.0 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.0 percent. Reserve Bank Governor Alan Bollard said: “While the global and domestic economies continue to recover, the outlook has weakened since our June Statement. We consider it appropriate at this point to keep the OCR on hold.

Submitted by pr.co.nz

September 16th, 2010 at 1:29 pm

Regions & Categories: Finance,New Zealand

Topics: ,

2011 OCR Dates

The Reserve Bank of New Zealand (RBNZ) releases the 2011 Official Case Rate (OCR), Monetary Policy Statement (MPS) and Financial Stability Reporting (FSR) dates. Provisional 2012 dates for the first six monts are also included for the first time to help with financial market planning.

Submitted by pr.co.nz

August 18th, 2010 at 11:00 am

Regions & Categories: Finance,New Zealand

Topics: , , ,

Disclosure review to reduce compliance costs

RBNZ Deputy Governor Grant Spencer invites submissions on proposals to change the disclosure regime for registered banks to reduce compliance costs.

Submitted by pr.co.nz

August 7th, 2010 at 10:20 am

Reserve Bank raises OCR to 3.0 percent

Alan Bollard, Reserve Bank Governor of New Zealand announces an increase of the New Zealand OCR by 25 basis points to 3.0 percent.

Submitted by pr.co.nz

July 29th, 2010 at 10:43 am

Payment Distribution for ANZ ING Investors

The Commerce Commission has determined payment distribution to ANZ/ING investors. The payment method should return about 95% of the capital originally invested by eligible investors.

Submitted by pr.co.nz

July 23rd, 2010 at 10:55 am

Company Tax Changes Will Increase NZ Competitiveness

Changes to New Zealand’s company tax rate will make our country more competitive internationally, Finance Minister Bill English claims.

Submitted by pr.co.nz

July 6th, 2010 at 8:56 am

Reserve Bank SOI shows commitment to stability

Reserver Bank Governor Alan Bollard says that the RBNZ’s Statement of Intent 2010 – 2013 shows a commitment to maximising the RBNZ’s contribution to sustainable economic growth through financial and price stability.

Submitted by pr.co.nz

June 30th, 2010 at 10:14 am

Regions & Categories: Finance,New Zealand

Topics:

Torchlight loan to SCF unaffected

John Duncan, Torchlight MD confirmed the $100m loan arranged for South Canterbury Finance (SCF) was unaffected by the statutory management of Allan and Jean Hubbard business interests.

Submitted by pr.co.nz

June 27th, 2010 at 9:27 am

Statutory Management of Hubbards, Aorangi Securities and Charitable Trusts

The Government has placed Mr Allan Hubbard, Mrs Margaret Hubbard, Aorangi Securities and seven charitable trusts into statutory management, following a recommendation from the Securities Commission. A number of matters have been referred to the Serious Fraud Office.

Submitted by pr.co.nz

June 22nd, 2010 at 10:12 pm

Balancing New Zealand’s economic recovery

Dr Allan Bollard of the Reserve Bank of New Zealand (RBNZ) addresses the Wellington Chamber of Commerce on the action New Zealand needs to take to address imbalances.

Submitted by pr.co.nz

June 14th, 2010 at 1:13 pm

Reserve Bank raises OCR to 2.75 percent

Reserve Bank Governor Allan Bollard raises the OCR to 2.75 percent saying that the economy has entered its second year of recovery with growth becoming more broad-based.

Submitted by pr.co.nz

June 10th, 2010 at 10:07 am

Regions & Categories: Finance,New Zealand

Topics: ,