All News
NZ dollar holds at six-month lows, may decline on weaker trade data
By Tina Morrison Aug. 26 (BusinessDesk) - The New Zealand dollar held at six-month lows overnight ahead of trade data today which could put the local currency under further pressure. The kiwi was little changed at 83.41 US cents at 8am in Wellington, from 83.45 cents at 5pm...
While you were sleeping: Wall Street hits record
By Margreet Dietz Aug. 26 (BusinessDesk) - Equities on both sides of the Atlantic climbed, lifted by Burger King’s talks to buy Tim Hortons and expectations that the European Central Bank moved closer to additional measures to bolster the struggling euro-zone economy. In la...
Brierley's Mercantile Investment backs buyer of Tower life business
By Paul McBeth Aug. 25 (BusinessDesk) - Veteran corporate raider Ron Brierley's Mercantile Investment Co is backing the buyer of general insurer Tower's life business, Foundation Life (NZ) Holdings. The ASX-listed investment company has committed $4.75 million to back Found...