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MARKET CLOSE: NZ shares rise; ANZ, Westpac gain, Pacific Edge up on new test
By Suze Metherell Dec. 8 (BusinessDesk) - New Zealand shares rose, led by Australia and New Zealand Banking Group and Westpac Banking Corp after an Australian report proposed restrictions on lenders that were less onerous than feared. Pacific Edge gained on the launch of its s...
NZ dollar drops to 2 1/2 year low as Fonterra, RBNZ loom; strong US jobs
By Paul McBeth Dec. 8 (BusinessDesk) - The New Zealand dollar dropped to a two-and-a-half year low as investors mull the likelihood of a lower dairy payout when Fonterra Cooperative Group's board reviews its forecast tomorrow, and ahead of the Reserve Bank's final policy revie...
Beijing has allegedly corrupt NZ-resident Chinese in its sights
By Pattrick Smellie Dec. 8 (BusinessDesk) - The Chinese government has its eye on an unknown number of New Zealand-resident Chinese citizens who are thought to have established themselves here with funds obtained through corrupt practices, the Prime Minister, John Key, says....
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