RBNZ warns Kiwibank over year-long failure on anti-money laundering checks
By Suze Metherell Oct. 28 (BusinessDesk) - Kiwibank, the government-owned lender, has been formally warned by the Reserve Bank of New Zealand for a year-long period when it didn't have appropriate risk assessment measures in place to meet anti-money laundering legislation....
PGG Wrightson says annual earnings to fall as much as 12% as dairy woes weigh
By Suze Metherell Oct. 28 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, expects annual earnings to fall as much as 12 percent from the previous year, as weaker dairy prices weigh on farm incomes. The Christchurch-based firm expect...
MARKET CLOSE: NZX 50 closes above 6,000 for first time, led by F&P; Spark, MRP gain
By Suze Metherell Oct. 27 (BusinessDesk) - The S&P/NZX 50 Index closed above 6,000 for the first time as shares were led higher by Fisher & Paykel Healthcare on optimism it will be among beneficiaries of a weaker kiwi dollar. MightyRiverPower, Meridian Energy and Spark New Ze...
Jailed fraudster Andrew Robinson sentenced to further 12 months over SPG disclosure charges
By Suze Metherell Oct. 27 (BusinessDesk) - Andrew Robinson, a former director of Strategic Planning Group jailed in July for six years over a $2.7 million fraud, has been sentenced to an additional 12 months jail after pleading guilty to charges of making false statements in r...
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