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NZ Dollar Outlook Kiwi may fall as greenback shines, drought weighs

NZ Dollar Outlook Kiwi may fall as greenback shines, drought weighs

March 11 (BusinessDesk) – The New Zealand dollar may fall this week, extending its decline in New York on Friday when US employment data added to signs the world’s largest economy is reviving. The New Zealand dollar recently traded at 82.06 US cents from 82.11 cents in New York...

11 Mar 2013
Wellington Drive raises $4M in placement supported by SuperLife

Wellington Drive raises $4M in placement supported by SuperLife

March 11 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, raised $4 million in a placement to institutions, managers and existing investors such as SuperLife Investments. The stock jumped when it came off trading halt foll...

10 Mar 2013
QBE settles with former manager Craig Anderson over Herbert Insurance liability

QBE settles with former manager Craig Anderson over Herbert Insurance liability

By Paul McBeth March 11 (BusinessDesk) - QBE Insurance (International), a unit of Australia's biggest insurer, has settled its battle with former executive Craig Anderson over a $1.5 million liability the firm feared would arise from underwriting business to the failed Herbert I...

10 Mar 2013