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'Contemptuous disregard' earns $5.3M fine in first for anti-money laundering regime
By Pattrick Smellie Sept. 29 (BusinessDesk) - A Chinese-born New Zealander has been fined $5.3 million, ordered to pay costs, and been prevented from continuing to provide financial services in the country's first award of financial penalties for breaches of the four-year-old...
Goodfellows' Amalgamated Dairies trims Sanford stake again, raising $20.8M
By Jonathan Underhill Sept. 29 (BusinessDesk) - Amalgamated Dairies, an investment vehicle for the Goodfellow family, has raised about $21 million reducing its holding in fishing company Sanford to 24 percent from 27 percent. It sold 2.9 million shares in August and Septemb...
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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