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Torchlight investors abused process in wind-up attempt, Caymans court rules
By Paul McBeth Sept. 28 (BusinessDesk) - The Cayman Islands Grand Court has found investors in the Torchlight fund abused the process in trying to wind up the distressed asset vehicle linked to Pyne Gould Corp. Government agencies Accident Compensation Corp and Crown Asset...
NZ dollar falls as Fed rate hike, Italian debt debate boost greenback
By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar fell against a stronger greenback as higher US interest rates and an upcoming debate on Italy's fiscal health buoyed the world's reserve currency. The kiwi declined to 66.14 US cents from 66.54 cents yesterday...
CORRECT: MARKET CLOSE: NZ shares fall as A2 extends decline, property stocks lose shine
(Fixes A2 price, movement in 6th paragraph) By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand shares fell as A2 Milk Co extended its decline since its chief executive sold down her holding. Rising bond yields also dimmed the lustre of property stocks. The S&P/NZX 50...
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