Fronde director and co-founder David Irving dies
By Rebecca Howard Oct. 2 (BusinessDesk) - Fronde Systems Group director and co-founder David Irving died on Sept. 21, the company said in a release on the Unlisted share trading platform. The 65-year old Irving made an "enormous contribution to Fronde, in different roles a...
SBS launches 10-year capital bond
By Rebecca Howard Oct. 2 (BusinessDesk) - SBS Bank, the country's biggest building society, has launched a 10-year capital bond for New Zealand investors. The 10-year subordinated redeemable share has an initial interest rate of 6.75 percent until Oct 31, which is fixed for...
NZ dollar heads for 1.8% weekly drop on political uncertainty, stronger greenback
By Rebecca Howard Sept. 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline amid domestic political uncertainty and a stronger US dollar as investors price in a greater chance of a US rate hike December. The kiwi was trading at 72.10 US ce...
Kathmandu, Hallenstein may be able to withstand Amazon in Australia: analysts
By Rebecca Howard Sept. 29 (BusinessDesk) - Kathmandu Holding and Hallenstein Glasson Holdings appear to be weathering a global move to online shopping and may be able to withstand the pressure as Amazon pushes into Australia as early as next month, analysts say. In early...
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