FMA wins court battle with ANZ over Ross Asset Management info
By Jenny Ruth April 12 (BusinessDesk) - The Financial Markets Authority has emerged victorious in a legal battle with ANZ Bank relating to the FMA’s ability to share information about the Ponzi scheme run by Ross Asset Management with that company’s liquidators. ANZ was RAM...
Feb migration may signal strengthening inflows - ASB
April 12 (BusinessDesk) Provisional migration data suggests net inflows may continue to strengthen through the rest of 2019, ASB senior economist Mark Smith says. While the latest Stats NZ data is subject to revision, it suggests the country gained a record 6,570 permanent lon...
Fall in house sale volumes accelerated in March
By Jenny Ruth April 12 (BusinessDesk) - Housing sales activity slumped 12.9 percent to a 17-month low in March, a month that is usually one of the peak selling months of the year, and annual house price inflation eased to 2.3 percent. That's an acceleration from the 9.5 per...
NZ dollar takes a breather as data, Fed comments offer no surprises
By Jenny Ruth April 11 (BusinessDesk) - The New Zealand dollar was little changed after the US Federal Reserve reiterated its patient rate stance and local and Chinese data came in as expected. The kiwi was trading at 67.62 US cents at 5pm in Wellington from 67.61 at 8am. T...
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