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NZ dollar squeezes higher after Fed minutes hold no new clues on rate track
By Paul McBeth Nov. 19 (BusinessDesk) - The New Zealand dollar rose after minutes to the last Federal Reserve policy meeting showed an interest rate hike was still on the cards next month without offering more guidance, prompting some traders to cash in on their bets on the gr...
McIntosh's behaviour showed he wasn't aware of RAM problems, Appeal Court told
By Jonathan Underhill Nov. 19 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh wouldn't have continued to spend money on a property development in Wellington had he known the fund manager was in trouble, the Court of Appeal was told. In June, the High...
Kathmandu increases CEO incentive targets, citing company's weak performance
By Sophie Boot Nov. 19 (BusinessDesk) - Kathmandu Holdings' board increased the compound annual earnings-per-share growth target for its chief executive's incentive scheme to a minumum of 17.5 percent at its annual meeting today, following unhappiness from shareholders about t...
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