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MARKET CLOSE NZ shares rise as equity markets rebound; NZOG, Chorus, OGC gain
June 28 (BusinessDesk) – New Zealand shares rose on the last trading day of the second quarter, joining an Asia-wide rally after better economic data out of the US and Japan. NZ Oil & Gas, Chorus, Restaurant Brands and OceanaGold led the advance. The NZX 50 Index fell 23.212 poi...
NZ dollar heads for 6.7 percent quarterly slide vs. greenback after Fed hints at tapering
By Paul McBeth June 28 (BusinessDesk) - The New Zealand dollar is heading for a 6.7 percent quarterly slide as the Federal Reserve’s signal of an end to its massive monetary stimulus this year sent investors back to the greenback. The kiwi fell to 78.01 US cents at 5pm in Well...
David Ross facing Financial Markets Authority charges alleging breaches of legislation
By Tina Morrison June 28 (BusinessDesk) – Failed fund manager David Ross of Ross Asset Management faces three charges from the Financial Markets Authority alleging breaches of financial markets legislation, adding to his existing Serious Fraud Office charges. The Wellington-bas...
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