NZ sharemarket down 0.2%
The New Zealand sharemarket was decidedly cautious as Westpac increased its longer-term mortgage rates and the Reserve Bank of Australia kept its cash rate on hold.
The S&P/NZX 50 had a steady morning but dipped in the afternoon and closed at 13,454.78, down 31.54 points or 0.23%.
There were 52 gainers and 82 decliners on the main board, with trading reaching 51.1 million share transactions worth $214.8m.
'Protecting their margins'
Greg Smith, investment specialist at Generate, said the market was talking about Westpac lifting two- to five-year ...MORE»
Generate lowers feesTuesday, December 9th, 8:44AM
Generate has cut fees on its KiwiSaver and managed funds and removed altogether the admin fee for some KiwiSaver members. MORE» |
The Technology Everyone Got Right (but it didn’t necessarily make them rich)Monday, December 8th, 9:24AM
Most pundits are comparing the today’s AI boom to the Dot-Com/Telecoms bubble of the late 1990’s. It is a tempting analogy, it had hype, over-investment and soaring expectations, but it wasn’t a technology that rewired the entire economy. MORE» |
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FMA chair Stobo under investigation
Financial Markets Authority chairman Craig Stobo has stepped down pending an investigation.
The Ministry of Business, Innovation and Employment (MBIE) said it has “commenced an investigation into matters that have been raised about the Financial Markets Authority (FMA) chair."
“Stobo has agreed to temporarily step aside as FMA chair while the investigation is undertaken. He will also step aside from his other Crown governance and advisory responsibilities.”
MBIE will ...MORE»
Golden moment as new funds go liveFriday, December 5th, 6:39AM
Newcomer Aurellan Asset Management has lodged its investment documents with the Disclose site. MORE» |
Castlepoint funds take unexpected hitThursday, December 4th, 8:31AM
Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD). MORE» |
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News Bites
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Castlepoint funds take unexpected hit
Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD). MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
The Technology Everyone Got Right (but it didn’t necessarily make them rich)
Most pundits are comparing the today’s AI boom to the Dot-Com/Telecoms bubble of the late 1990’s. It is a tempting analogy, it had hype, over-investment and soaring expectations, but it wasn’t a technology that rewired the entire economy. MORE»
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Life expectancy should be bigger news than it is
What makes a difference in life expectancy? MORE»
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TMM Online
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Chapter of economic bad news closing - ASB
New Zealand’s economy is putting recession in its rear-view mirror, with the recovery expected to pick up next year, ASB’s latest Quarterly Economic Forecast says. MORE»
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Clarity for Clarity Funds
Clarity Funds Management has appointed a new chief executive. MORE»
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Paying advisers for KiwiSaver advice
Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice. MORE»
