Hotchin allowed to drag Guardian Trust into Hanover settlement: Supreme Court
By Paul McBeth March 15 (BusinessDesk) - Former Hanover Finance principal Mark Hotchin can try to force the failed lender's former trustee Guardian Trust to contribute to an $18 million settlement after winning his appeal in a split Supreme Court decision. Chief Justice Si...
NZ dollar little changed in slow start to event-filled week
By Paul McBeth March 14 (BusinessDesk) - The New Zealand dollar was little changed in a slow start to a week where investors will have to gauge US monetary policy, local economic growth and the latest dairy price auction. The kiwi traded at 67.49 US cents at 5pm in Welling...
SFO investigates Auckland property developer Leonard Ross
By Paul McBeth March 14 (BusinessDesk) - The Serious Fraud Office is investigating Auckland property developer Leonard Ross and the outcome will determine whether apartment owners in one of his projects will pursue their own legal claim against him. The white-collar crime...
NZ services sector activity picks up in February as jobs growth makes up for manufacturing
By Paul McBeth March 14 (BusinessDesk) - New Zealand's services sector activity expanded at a faster pace in February, as a better employment outlook made up for a deteriorating jobs picture among manufacturers. The BNZ-BusinessNZ performance of services index rose 1.5 poi...
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