All News
RBNZ's Spencer says narrow yield premium on NZ bonds vs US may widen again
By Rebecca Howard Feb. 8 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the narrow yield premium on New Zealand government bonds versus their US counterparts may not last - despite the divergent interest rate tracks between the central banks. New Zealand...
UPDATE: Fletcher likely working hard to get lenders onside to avoid having to raise new capital
(Adds investor comment, details of debt, gearing, recasts lede) By Jonathan Underhill Feb. 8 (BusinessDesk) - Fletcher Building, which expects to breach its debt covenants because of further "material losses" at its building and interiors (B+I) business, is probably in urge...
Sterling Grace buys out Trustees Executors minorities for $4.9 mln
By Paul McBeth Feb. 8 (BusinessDesk) - Sterling Grace (NZ) bought out the minority shareholders of Trustees Executors for $4.9 million, valuing the local supervisory firm at $94.4 million, almost four times what the New York-based financial services investor paid in 2003. ...
Prev
