All News
NZ dollar climbs above 81 US cts as Germany, France pledge to support ECB action
By Hannah Lynch July 30 (BusinessDesk) - The New Zealand dollar rose against the greenback and the euro after Germany and France pledged to do everything to keep the euro intact, following speculation the European Central Bank may act to bolster the common currency. The New Zea...
MARKET CLOSE: NZ shares rise amid global rally; Fletcher gains ahead of Chch plan
By Paul McBeth July 27 (BusinessDesk) - New Zealand shares rose for a third day, following a global rally as investors took heart Europe will take every step possible to address its burgeoning debt crisis. Fletcher Building paced gainers in anticipation of next week's release of...
Bridgecorp bondholders get second payment at 4.5 cents in the dollar
July 27 (BusinessDesk) - Secured creditors of the failed finance company Bridgecorp are to receive a second payout from the receivers. The 4.5 cents in the dollar payout from the receivers, PwC, comes 11 months after a first payment, announced last August, of 3.5 cents in the do...