NZ dollar gains as local yield advantage draws investors ahead of holiday period
By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar gained as investors were drawn to the country's comparatively high interest rates ahead of the holiday period, with light trading volumes expected for the next couple of weeks. The kiwi rose to 67.48 US cents a...
NZX nudges ahead in 'no holds barred' battle over Clear Grain exchange
By Paul McBeth Dec. 21 (BusinessDesk) - NZX, the stock market operator, came out ahead in the latest instalment of its "no holds barred" battle with Ralec, the Australian sellers of the Clear Grain Exchange, winning a small costs award ahead of next year's eight-week trial. ...
Serko sells $8M of new shares to institutional investors, will raise another $1 mln in SPP
By Paul McBeth Dec. 21 (BusinessDesk) - Serko, the online travel booking company which has downgraded its earnings guidance twice this year, raised $8 million from institutional investors at a 5 percent premium and will raise $1 million from existing shareholders to help fund...
High Court upholds deregistration of Pakistani-owned FX firm Excelsior Markets
By Paul McBeth Dec. 18 (BusinessDesk) - The High Court in Auckland has upheld the deregistration of Pakistani-owned foreign exchange firm Excelsior Markets, agreeing that the company didn't operate in New Zealand, and if it kept its registration, that could mislead people into...
Prev
