World Week Ahead: Will UK stay or go?
By Margreet Dietz June 20 (BusinessDesk) - British voters will determine this week whether the country will remain in the European Union, a decision that will be closely eyed by investors around the world. The June 23rd referendum will dominate markets for another week, wi...
Iranian migrants who scammed 7 banks using forged documents, aliases found guilty of fraud
By Jonathan Underhill June 17 (BusinessDesk) - Three Iranian migrants and a family friend have been found guilty of mortgage fraud after they scammed seven banks using forged documents and aliases in a $9.2 million scheme involving 11 Auckland properties between July 2007 and...
Trilogy's placement, Business Bakery selldown 'significantly' oversubscribed, reach $50 mln target
By Jonathan Underhill June 17 (BusinessDesk) - Trilogy International, whose shares have soared 326 percent in the past 12 months, says its share placement and the selldown by major shareholder The Business Bakery was "significantly oversubscribed" and the skincare and home fra...
NZ dollar gains as economic growth reduces prospects of rate cut
By Jonathan Underhill June 16 (BusinessDesk) - The New Zealand dollar gained after figures showed the economy grew faster than the Reserve Bank had forecast in the first quarter, giving it less reason to cut interest rates again. The kiwi dollar traded at 70.78 US cents as...
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