Liquidators freeze Hansa director's assets as new Ponzi scheme alleged
By Jonathan Underhill Jan. 27 (BusinessDesk) - The liquidators of investment management company Hansa say they have frozen the assets of director Paul Hibbs after initial investigations showed it appeared to have been run as a Ponzi scheme. The Financial Markets Authority a...
NZ dollar slips as US data, Trump factor lift greenback
By Jonathan Underhill Jan. 27 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar that was helped by improving US data in a market where equities are charting record highs. The kiwi declined to 72.47 US cents as at 8am in Wellington from 72.84 ...
NZ budget deficit smaller than forecast in first 5 months as GST, corporate tax beat estimates
By Jonathan Underhill Jan. 26 (BusinessDesk) - The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first five months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. The operating balance before g...
Ross Asset liquidators recouped $4 mln in past six months, await McIntosh ruling
By Jonathan Underhill Jan. 25 (BusinessDesk) - The liquidator of Ross Asset Management has lifted settlements with investors to $6.1 million and got $161,585 from share sales in the past six months but its job is partly on hold pending a Supreme Court decision. PwC's John F...
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