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Love denies knowledge of $1.5M payment from developers
By Sophie Boot Aug. 22 (BusinessDesk) - Former Treaty negotiator Ngatata Love told the High Court he didn't know about a $1.5 million payment from a developer chosen for a land deal involving the trust he chaired, even though it was paid into his partner's account and used to...
MARKET CLOSE: NZ shares back at record highs; Genesis, MetroGlass, A2 gain
By Jonathan Underhill Aug. 22 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a new record, as a lack of negative surprises during earnings season ensured ongoing demand for the market's relatively high yields. Genesis Energy, Metro Performance Glass and...
NZ dollar falls as Fed speakers talk up rate hikes, Wheeler looms
Aug. 22 (BusinessDesk) - The New Zealand dollar fell as Federal Reserve officials talked up the prospect of an interest rate hike this year which would sap the kiwi's relative interest rate advantage, and ahead of a speech by Reserve Bank governor Graeme Wheeler. The kiwi dec...
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