FMA keeping close tabs on Australian Royal Commission as AMP chief Meller departs
By Paul McBeth April 20 (BusinessDesk) - The Financial Markets Authority is keeping close tabs on Australia's Royal Commission into misconduct in the banking, superannuation and financial services industry, with hearings this week uncovering misdeeds at AMP and prompting chief...
UPDATE: Fletcher shares gain after shortfall bookbuild cleared at premium to offer price
(Recasts lede on shares, adds broker comment) By Paul McBeth April 20 (BusinessDesk) - Fletcher Building shares rose 3.3 percent when they resumed trading as investors were buoyed by the premium paid in the bookbuild to clear leftover entitlements in the institutional compo...
NZX first-quarter revenue edges up with busier secondary market
By Paul McBeth April 20 (BusinessDesk) - NZX's first-quarter revenue edged up 0.8 percent as activity on the secondary market remained busier and its burgeoning funds management unit continued to swell, offsetting the lack of new issuers. Revenue rose to $17.9 million in th...
NZ tax take short by $800M a year on under-reporting by self-employed, IRD says
By Paul McBeth April 20 (BusinessDesk) - New Zealand is missing out on about $800 million in its annual tax take due to the country's self-employed under-reporting their income by about 20 percent, according to the Inland Revenue Department. Research by Victoria University...
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