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Bridgecorp receiver cuts $18.9 mln settlement with directors, insurer
March 12 (BusinessDesk) - The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. PwC’s Colin McCloy reached an $18.9 million settlement over a civil claim aga...
Trade Me may reap $22.5M more real estate ad revenue by hiking fees, fending off rivals
By Tina Morrison March 12 (BusinessDesk) – Trade Me Group will probably succeed in forcing real estate agents to accept higher fees, adding $22.5 million of property advertising revenue by 2017 as it pushes back on a challenge from smaller, industry-owned rival realestate.co.nz...
NZ TWI rises to post-float record, raising chances RBNZ’s Wheeler will talk down the kiwi tomorrow
By Tina Morrison March 12 (BusinessDesk) – The trade-weighted index, which measures the New Zealand dollar relative to the currencies of major trading partners, rose to a post-float record, prompting speculation Reserve Bank governor Graeme Wheeler will try to talk down its val...
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