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GPG says UK regulator extends investigation into its pension schemes
By Tina Morrison Aug 1 (BusinessDesk) – Guinness Peat Group, the New Zealand investment group winding down its portfolio, said the UK regulator has extended its investigation into the company’s pension schemes. The UK Pensions Regulator is extending its investigation into GPG’...
NZ dollar approaches 89 Australian cents, hits new five year high
By Tina Morrison Aug 1 (BusinessDesk) – The New Zealand dollar approached 89 Australian cents this morning as investors favoured the reviving local economy over investment in Australia where the economy is slowing. The kiwi touched a new five-year high of 88.98 Australian cents...
While you were sleeping Fed signals ongoing support
By Margreet Dietz Aug 1 (BusinessDesk) - Wall Street advanced as US Federal Reserve policy makers kept its US$85 billion a month bond-buying program intact as the economy continues to recover at a pace that requires ongoing stimulus. "The Committee sees the downside risks to th...