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NZ dollar gains as markets second-guess Wheeler's on rate cuts
By Paul McBeth Aug. 10 (BusinessDesk) - The New Zealand dollar rose ahead of tomorrow's Reserve Bank monetary policy statement, where governor Graeme Wheeler is expected to cut the official cash rate and signal more will follow. The kiwi rose to 72.13 US cents at 5pm in We...
Shaan Stevens returned to NZ 'to do civic duty' in Ngatata Love case
By Jonathan Underhill Aug. 10 (BusinessDesk) - Shaan Stevens, the Singapore-based businessman who is a key Crown witness in the fraud trial of Ngatata Love, says he returned to New Zealand to give evidence because he felt it was his "civic duty". Stevens is at the heart of...
Unguaranteed Viaduct investors likely to get 10-15c in the dollar
By Fiona Rotherham Aug. 10 (BusinessDesk) - Investors in failed finance company Viaduct Capital who weren’t covered by the Crown's retail deposit guarantee scheme are likely to get back around 10 to 15 cents in the dollar, says receiver McDonald Vague in its latest report....
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