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Business

Service Sector Climbs Further Into Expansion

Service sector activity climbed further into expansion during September, according to the BNZ - BusinessNZ Performance of Services Index (PSI).

BNZ Daily Foreign Exchange Wrap

BNZ Daily Foreign Exchange Wrap

NZD

The NZD/USD climbed to 27-month highs of nearly 0.7650 last week. Even so, the NZD still managed to take out the title of weakest performing currency.

NZ Equities Seen As Undervalued In Latest Russell Investments IMO

NZ Equities Seen As Undervalued In Latest Russell Investments IMO

New Zealand's key investment managers think NZ equities as an asset class might be currently undervalued.

Bettjemans Clean Up At 2010 Kitomba NZARH Business Awards

Bettjemans Clean Up At 2010 Kitomba NZARH Business Awards

At a sparkling ceremony in Christchurch on Saturday night Bettjemans, from Auckland, collected four awards including the top award of the evening, the 2010 Kitomba NZARH Business Award.

Banctec, Inc. Board Adopts Stockholder Rights Plan

Banctec, Inc. Board Adopts Stockholder Rights Plan

BancTec Inc.today announced that its Board of Directors has adopted a stockholder rights plan (the "Rights Plan") designed to protect company stockholders in the event of takeover activity that would deny them the full value of their investment.

Asurequality And Proficiency Services Apply For Clearance To Form A Joint Venture

Asurequality And Proficiency Services Apply For Clearance To Form A Joint Venture

The Commerce Commission has received an application from AsureQuality Limited and Proficiency Services Limited seeking clearance to form a new joint venture company.

Public Trust Reports Improved Result For 2009/10

Public Trust Reports Improved Result For 2009/10

Public Trust has today released its audited financial results for the year ended 30 June 2010, reporting a net profit of $4.8 million. The improved result was driven principally by the reversal of investment losses, a higher operating surplus and lower mortgage provisions.

Kiwisaver Membership Growth Analysis From Tower

Kiwisaver Membership Growth Analysis From Tower

Default KiwiSaver provider TOWER Investments has released its monthly analysis of the IRD's net total member count for KiwiSaver.

Treasury To Publish South Canterbury Finance Documents

Treasury To Publish South Canterbury Finance Documents

The Treasury will this afternoon publish documents relating to South Canterbury Finance's participation in the recently expired Retail Deposit Guarantee Scheme.

The information will be published on the Treasury website by 2:00pm today and will cover three significant periods:

RBNZ Consultation On Covered Bondsfin

RBNZ Consultation On Covered Bondsfin

The Reserve Bank today released a consultation paper on the introduction of a regulatory framework for the development of covered bond programmes by New Zealand banks.