Category: financial_markets
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FMA Files Market Manipulation Case Against Investor for STU Shares Trading
The Financial Markets Authority (FMA) has filed High Court civil proceedings against Franco Belgiorno-Nettis, an Auckland-based retail investor, for alleged market manipulation of Steel and Tube Holdings Limited (STU) shares. The case focuses on orders for STU shares that Mr.…
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Stats NZ Announces 2025 Data Updates to National Accounts
Stats NZ has released its 2025 preview of national accounts improvements and updates, detailing the data updates planned for this year's annual national accounts cycle. These updates occur when new information becomes available, new methods or data sources are introduced,…
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FMA Grants 'No Action' Relief on Climate Reporting
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko will provide interim relief to entities affected by recently announced climate reporting changes. These entities will no longer be expected to lodge climate statements ahead of legislative changes. The FMA…
BusinessPolitics and GovernmentEnvironmentFinancial MarketsClimate ChangeFederal GovernmentLegal Financial Markets AuthorityFMAClimate Reporting EntitiesCREsLiam MasonLegislationNZ Financial Markets Authority
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New Zealand's Annual Inflation Rises to 3.0 Percent in September 2025
Aotearoa New Zealand's consumers price index (CPI) has increased by 3.0 percent in the 12 months to the September 2025 quarter, according to figures released today by Stats NZ. This follows a 2.7 percent increase in the year to the…
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FMA Warns Finbase for Disclosure and Fair Dealing Breaches
The Financial Markets Authority (FMA) has issued a warning to HP Capital Limited, trading as Finbase, for serious breaches of the Financial Markets Conduct Act 2013 (FMC Act) and Financial Markets Conduct Regulations 2014 (FMC Regulations). The warning concerns Finbase’s…
BusinessPolitics and GovernmentLegalFinancial MarketsEconomyBanking FMAFinbaseFinancial Markets AuthorityFinancial Markets Conduct Act 2013Financial Markets Conduct Regulations 2014Single InvestmentHP Capital LimitedNZ Financial Markets Authority
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Wellington City Council Adopts Annual Report, Highlights $488.6 Million Infrastructure Investment
Wellington City Council adopted its audited Annual Report and financial statements for the 2024/25 year at its final meeting of the 2022-25 triennium. The report, to be published on the Council’s website, highlights a $488.6 million investment in the city’s…
Politics and GovernmentBusinessEnvironmentState GovernmentsEconomyFinancial Markets Wellington City CouncilAnnual Reportinfrastructure investmentfinancial resiliencevolunteer servicesnative plantsDistrict Plan
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New Zealand Household Saving Surges in June 2025 Quarter
New Zealand household saving saw a notable increase in the June 2025 quarter, climbing from $149 million in the March 2025 quarter to $804 million. Stats NZ attributes this rise to household net disposable income increasing at a faster rate…
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FMA Appoints Dr. Philip Stevens as Chief Economist
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has appointed Dr. Philip Stevens as Chief Economist. Stevens brings over 25 years of economics experience, including academic and public sector roles. He holds a doctorate in Economics from…
BusinessPolitics and GovernmentEconomyFinancial MarketsBankingEmployment and Labor FMAPhilip StevensSamantha BarrassChief EconomistFinancial Markets AuthorityEconomicsNZ Financial Markets Authority
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Media Monitor: RNZ Reports on Hospital Negligence, Police Shooting
RNZ is reporting that a three-year-old boy died from septic shock in a rural hospital after critical errors by an on-call doctor and a nurse. It said the Health and Disability Commissioner has contacted Health NZ to address staffing suitability…
HealthPolitics and GovernmentBusinessSportWorldMedical ScienceState GovernmentsSocial IssuesEconomyFinancial MarketsAsia
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Former Financial Advisor Sentenced for Theft
A former financial advisor, Murray McClune, has been sentenced to three years and seven months’ imprisonment for two charges of theft by person in a special relationship. The charges followed an investigation by the Financial Markets Authority (FMA). The Judge…
BusinessLegalEconomyFinancial MarketsBanking Financial Markets AuthorityMurray McCluneFinancial AdvisorTheftSentencingMargot GatlandFinancial ServicesNZ Financial Markets Authority
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IAG to Pay $19.5 Million Penalty for Widespread Failures
IAG New Zealand Limited will pay a $19.5 million penalty after admitting to fair dealing breaches. The Financial Markets Authority (FMA) investigation revealed that IAG made false and/or misleading representations regarding its insurance products. FMA Executive Director Louise Unger stated,…
BusinessPolitics and GovernmentFinancial MarketsLegalEconomy IAG New Zealand LimitedFinancial Markets AuthorityLouise UngerFinancial Markets Conduct Actfair dealingpecuniary penaltyNZ Financial Markets Authority
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FMA Warns Kiwi Investors of 'Pump and Dump' Scam
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko, has alerted Kiwi investors to a new “pump and dump” scam. The FMA issued the warning as part of World Investor Week, which aims to educate and protect investors. According…
BusinessPolitics and GovernmentWorldEconomyFinancial MarketsLaw EnforcementLegalAsiaAustralasiaNorth America
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Media Monitor: Nurses Join October Strike in New Zealand
RNZ is reporting that nurses in New Zealand have voted to strike on Oct. 23, the same day primary school teachers and allied health workers plan to strike. It said more than 36,000 nurses who work for Health NZ will…
HealthPolitics and GovernmentBusinessWorldEntertainmentSportEmployment and LaborFinancial MarketsFilm and TVMedical ScienceSocial IssuesLegal RNZNursesStrikeTeachersHealth WorkersWinston PetersRNZ News
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Media Monitor: RNZ Reports on Digital Driver's Licenses, Gas Exploration
RNZ is reporting that digital driver licences are set to roll out soon as part of the government's sweeping plans for digital transformation and an all-government app. It said the government "remains on track to deliver the first version by…
Science & TechnologyPolitics and GovernmentBusinessEntertainmentHealthWorldSportAustralasiaDigital and Print PublishingFilm and TVEconomyMedical ScienceArtificial IntelligenceGeneral PoliticsNational PartyEmployment and LaborFinancial Markets
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New Zealand's International Investments Concentrated in Key Nations
New Zealand's balance of payments records the value of the country's transactions with the rest of the world, reflecting changes in financial claims and liabilities. The international investment position provides a snapshot of the country's financial assets and liabilities. As…
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Media Monitor: Consumer NZ on Money Transfers, Hidden Fees
Consumer NZ is reporting on the most cost-effective methods for sending money to other countries. It said its research involved assessing the expenses of transferring NZD $10,000 to five different nations. Consumer NZ also warns about common reasons for travel…
BusinessScience & TechnologyEconomyFinancial MarketsComputers and Internet
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Wellington City Council Faces Privacy Breach and Credit Rating Review
Wellington City Council is addressing a privacy breach involving the unauthorized release of confidential historical documents. Simultaneously, Standard & Poor’s has reaffirmed the council’s AA-/A-1+ long-term credit rating, but maintains a negative outlook. Looking ahead, the council is preparing for…
Politics and GovernmentBusinessEntertainmentAustralasiaState GovernmentsEconomyFinancial MarketsMusicFilm and TV
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UK and New Zealand Reach Milestone on Auditor Recognition
A Memorandum of Understanding of Recognition Arrangement (MOURA) between the UK’s Financial Reporting Council (FRC) and New Zealand’s Financial Markets Authority (FMA) has reached its two-year anniversary. The agreement, effective from 26 September 2023, allows eligible auditors in both the…
BusinessPolitics and GovernmentUKEconomyTradeFinancial MarketsLegal Financial Reporting CouncilFinancial Markets AuthorityMemorandum of UnderstandingauditorsUnited KingdomAccountingUK Government
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Media Monitor: Man Convicted in Loafers Lodge Fire
RNZ is reporting that Esarona Lologa has been convicted of five murders and one count of arson for setting the Loafers Lodge fire in Wellington in 2023. It said the jury reached a unanimous decision in the High Court in…
Politics and GovernmentHealthBusinessSportWorldLaw EnforcementLegalEconomyMedical ScienceFinancial Markets Loafers LodgeEsarona LologaWellingtonArsonMurderHigh CourtRNZ News
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New Zealand Household Net Worth Increases by 33%
Stats NZ reported today that the median household net worth in New Zealand increased over the three-year period ending June 2024. While wealth increased, the distribution of wealth across New Zealand households remained stable. In the year ending June 2024,…
BusinessPolitics and GovernmentEconomyReal EstateTradeFinancial MarketsState Governments
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Media Monitor: RNZ Reports on House Prices, Speeding Incidents, and Financial Planning
RNZ is reporting that house prices in New Zealand are generally flat, but values are starting to increase in some of the country's more affordable areas. It said property research firm Cotality, formerly Corelogic, released data showing the performance of…
BusinessPolitics and GovernmentSportWorldHealthEconomyReal EstateFinancial MarketsGeneral PoliticsFederal GovernmentTradeLaw Enforcement RNZhouse pricesCotalityAucklandspeedingGSTpensionRNZ News
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Media Monitor: RNZ Reports on Leave Rule Overhaul, Business Leader Survey
RNZ is reporting that leave rules are set for an overhaul, with changes impacting both sick leave and annual leave entitlements. It said a survey of senior business leaders ranked Prime Minister Christopher Luxon 15th within his Cabinet. The outlet…
BusinessPolitics and GovernmentHealthWorldSportEconomyFederal GovernmentMedical ScienceClimate ChangeEuropeAustralasiaFinancial Markets
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New Board Members Appointed to Civil Aviation Authority
Associate Minister of Transport James Meager has announced the appointment of three new board members to the Civil Aviation Authority (CAA). The new appointees are Mike Schubert, Peter O’Regan, and Mel Templeton. CAA Board Chair Mark Darrow said the appointments…
Politics and GovernmentBusinessScience & TechnologyTransportationAustralasiaFederal GovernmentEconomyBankingFinancial MarketsDigital and Print Publishing
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Stats NZ Advances Monthly Consumers Price Index
Stats NZ has updated its website with information on the development of the monthly Consumers Price Index (CPI). The page, titled ‘Monthly consumers price index – updates on progress’, summarises the approach and updates to the development of the monthly…
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FMA Seeks Feedback on Ethical Investment Disclosure Guidance
The Financial Markets Authority (FMA) is seeking feedback on updated draft guidance for financial products with ethical characteristics. The guidance aims to assist issuers in presenting their products in disclosures and advertising related to ethical claims. The consultation is open…
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeLegal Financial Markets AuthorityFMAethical investmentLouise UngerFinancial Conduct ReportinvestmentFinanceNZ Financial Markets Authority
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Media Monitor: Mother Found Guilty in Suitcase Murders
RNZ is reporting that a mother accused of murdering her two children and hiding their bodies in suitcases has been found guilty. The remains of Hakyung Lee's two children, aged eight and six, were found at an Auckland storage locker…
Politics and GovernmentHealthBusinessSportWorldLegalEmployment and LaborFinancial MarketsMedical ScienceMusic RNZHakyung LeeAucklandmurdercrimechild abuseRNZ News
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Media Monitor: RNZ Reports Offshore Betting Surge in New Zealand Football League
RNZ is reporting that New Zealand's national football league has become a magnet for offshore betting, raising concerns for sport integrity experts. It said figures obtained by RNZ reveal $212 million was wagered on the New Zealand men's domestic football…
SportBusinessWeatherPolitics and GovernmentFinancial MarketsEconomyGeneral WeatherEducation RNZfootballsports bettingmatch-fixingLoafers Lodge firemurder trialRNZ News
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Media Monitor: Consumer NZ Highlights Microwave Ovens, Power Bills, and Washing Machines
Consumer NZ is reporting on several consumer-related topics, including affordable microwave ovens under $300. It says it has identified several models, including its highest scorer. Consumer NZ also highlights a story about how some of its readers have achieved cheaper…
BusinessScience & TechnologySocial IssuesAustralasiaEconomyFinancial MarketsComputers and Internet
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Media Monitor: RNZ Reports Train Passengers Stranded, US Tourists Masquerading as Canadians
Radio New Zealand is reporting that passengers were stranded on a train in Wellington for over three hours Friday morning after an overhead electric cable came down. RNZ said the cable failure caused major disruption on the Kāpiti Line. KiwiRail…
Politics and GovernmentBusinessSportWorldEconomyFinancial MarketsTradeAustralasia
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High Court Ruling Clarifies Wholesale Investor Rules
The Financial Markets Authority (FMA) has welcomed a High Court ruling providing clarity on the rules for classifying "eligible investors" as wholesale investors. The FMA sought clarification on the interpretation of the eligible investor exclusion under the Financial Markets Conduct…
BusinessPolitics and GovernmentLegalFinancial MarketsEconomyLaw Enforcement