Business and banking industry news

24 Apr 18, 5:17pm
Prime Minister Jacinda Ardern says she's yet to receive any news from the US on whether NZ will receive an exemption on steel and aluminium tariffs put in place by President Donald Trump
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24 Apr 18, 9:49am
Commerce Commission to probe the level of constraint Ingenico and Paymark impose on each other for digital gateway services when mulling Ingenico's proposed Paymark takeover
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23 Apr 18, 1:46pm
Government pressures Payments NZ to have open banking technology and standards ready to go by the end of the year; says more competition will see banks and card companies lower merchant fees 
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23 Apr 18, 10:39am
Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
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22 Apr 18, 5:45pm
The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court
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19 Apr 18, 4:52pm
The Finance Minister won’t budge on changing the Government’s debt target, despite criticism its budget responsibility rules are a ‘fiscal straightjacket’
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19 Apr 18, 4:00pm
The IMF and a banking expert say the Reserve Bank’s light-handed approach to bank regulation needs work but the answer is not creating a separate regulatory body to take this over
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19 Apr 18, 3:01pm
A tax expert is praising the Government’s move to introduce a 12.5% R&D tax credit, saying it’s a deliberate step to incentivising innovation
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19 Apr 18, 11:59am
Lawyer for company director facing charges brought by the FMA details client's determination to retain name suppression
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19 Apr 18, 11:41am
There is an urgent need for the US President to gain a far better understanding of how global trade actually works. Otherwise they will cause severe damage to the US and the global economy says Asad Jamal
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19 Apr 18, 10:59am
From payday reporting to a new minimum wage and rules around parental leave, here’s a summary of what’s new and what’s changed for small businesses and the self-employed
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19 Apr 18, 8:55am
From April 1 next year, a 12.5% tax credit on eligible expenditure will be available to business doing R&D in New Zealand; a business will be able to claim a tax credit for up to $120 million of R&D expenditure each year
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18 Apr 18, 10:52am
Larry Hatheway implores the EU to step up to lead the world supporting open, rules-based international trade. But that will require strengthening its own financial footing so it can face the 'daunting challenges' ahead
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18 Apr 18, 9:26am
Siah Hwee Ang says we are accustomed to a regime that centres around the US ‘leading the world’, but now China is actively seeking out and willing to take on some of these roles
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18 Apr 18, 9:02am
What the NZ retail payments industry is doing to facilitate open banking and reduce merchant fees to keep the Government happy and avoid regulation
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17 Apr 18, 4:58pm
Westpac Australia says introducing open banking could cost it more than A$200 mln and its customers up to A$250 mln a year
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17 Apr 18, 11:28am
Recently released documents show why officials had "serious concerns" about the state of HNA, as they blocked the $660 million sale of UDC to the Chinese global conglomerate
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16 Apr 18, 4:07pm
Director with interim name suppression says company they represented is outside the jurisdiction of NZ law in case taken by the FMA
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16 Apr 18, 1:24pm
The Minister of Transport Phil Twyford says there is a “great deal of interest” from private capital providers when it comes to investing in New Zealand’s transport infrastructure – he is welcoming their interest
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13 Apr 18, 11:54am
Donald Trump has told US officials to investigate how the US could get back in the CPTPP trade deal but one expert says opting back in now would be 'extremely difficult'
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