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FMA closes four more finance company probes, warns Allied Nationwide
Sept. 9 (BusinessDesk) - The Financial Markets Authority has warned the failed Allied Nationwide Finance for probably breaching securities law, but won’t pursue tougher action as it wraps up another four investigations into the collapsed finance sector. The market watchdog won...
Allied Farmers seeks $1M in bond issue to pay tax, avoid wind-up
Sept. 9 (BusinessDesk) - Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, wants to raise up to $1 million in a bond issue to settle an outstanding tax bill and stave off threatened liquidation proceedings. The Hawer...
NZ dollar gains after weaker US jobs data raises doubts over Fed tapering
By Tina Morrison Sept. 9 (BusinessDesk) – The New Zealand dollar rose after weaker US jobs data prompted some investors to pull back expectations for the Federal Reserve to start tapering its bond buying programme this month. The kiwi advanced to 80.09 US cents at 8am in Welli...
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