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MARKET CLOSE NZ shares rise, led by Xero, Air NZ, Trade Me

MARKET CLOSE NZ shares rise, led by Xero, Air NZ, Trade Me

Aug. 31 (BusinessDesk) - New Zealand shares rose, led by Xero, Air New Zealand and Trade Me after the earnings season highlighted how many companies are managing to find growth in a tepid economy. The NZX 50 Index rose 37.11 points, or 1 percent, to 3666.68. Within the index,...

31 Aug 2012
NZ dollar heads for 1.2 percent  monthly decline as markets prepare for Jackson Hole summit

NZ dollar heads for 1.2 percent monthly decline as markets prepare for Jackson Hole summit

By Paul McBeth Aug. 31 (BusinessDesk) - The New Zealand dollar headed for a 1.2 percent monthly decline in the lead-up to the central bankers' summit at Jackson Hole, Wyoming, and as investors get more pessimistic about China's economic fortunes. The kiwi increased to 79.92 US...

31 Aug 2012
Capital + Merchant’s Nicholls, Douglas jailed for 7 ½ years, Tallentire gets 5 years

Capital + Merchant’s Nicholls, Douglas jailed for 7 ½ years, Tallentire gets 5 years

Aug. 31 (BusinessDesk) - Neal Nicholls and Wayne Douglas, directors of failed finance company Capital + Merchant Finance, have been jailed for 7 ½ years apiece for fraud, while their former chief executive, Owen Tallentire, got five years in prison. The sentences were handed ou...

31 Aug 2012