All News
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,...
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...
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...