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MARKET CLOSE NZ shares fall for third day; OceanaGold tumbles, Chorus halts slide
Dec. 5 (BusinessDesk) – New Zealand shares fell, led by OceanaGold, after the gold miner sold shares at a discount to repay debt. Chorus halted its two-day, 18.5 percent slump driven by the threat of regulated prices. The NZX 50 Index fell 8.44 points, or 0.2 percent, to a two-...
Hubbard investors set for distributions early next year after court ruling
Dec. 5 (BusinessDesk) - Investors in Hubbard Management Funds are likely to get their initial distributions in the first three months of next year after the High Court settled on how to split the funds. Justice Lester Chisholm has directed statutory managers Trevor Thornton, R...
RESEND NZ dollar holds gains as RBNZ rate review looms
(Fixes kiwi/yen cross rate in 8th par) By Paul McBeth Dec. 5 (BusinessDesk) - The New Zealand dollar held its overnight gains in the local trading session as traders prepare for Reserve Bank governor Graeme Wheeler's maiden monetary policy statement, where he's expected to kee...
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