McIntosh can keep $500k initial investment in RAM, must return 'profits', Supreme Court rules
By Jonathan Underhill May 26 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh can keep the $500,000 he invested with the failed Ross Asset Management but must return the fictitious profits, the Supreme Court has ruled in a majority decision. McIntosh,...
NZ dollar slips as Opec production curbs disappoint, driving decline in commodity-linked currencies
By Jonathan Underhill May 26 (BusinessDesk) - The New Zealand dollar fell after the Organisation of Petroleum Exporting Countries agreed to extend production curbs that didn't go as far as the market had expected, driving down the price of crude oil and weighing on commodity-l...
NZ dollar climbs above 70 US cents on relatively upbeat kiwi fundamentals
By Jonathan Underhill May 23 (BusinessDesk) - The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week's budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenba...
RESEND: NZ dollar gains as risk appetite indicators improve, Fed minutes awaited
(Fixes Fed minutes reference in headline) By Jonathan Underhill May 23 (BusinessDesk) - The New Zealand dollar rose to its highest level in a month as measures of investor risk appetite improved and as the market awaits the minutes to this month's Federal Reserve policy mee...
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