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Banks take $75M quasi-haircut on Solid Energy debt

Banks take $75M quasi-haircut on Solid Energy debt

By Pattrick Smellie Oct 1 (BusinessDesk) – Banks that lent unsustainable amounts of debt to state-owned coal miner Solid Energy are taking a $75 million “hair-cut”, dressed up as an issue of redeemable preference shares that may never be repaid. After eight months of negotiati...

30 Sep 2013
CORRECTHouse listings stall, too soon to blame LVRs

CORRECTHouse listings stall, too soon to blame LVRs

(Corrects name in fifth paragraph) Oct 1 (BusinessDesk) – New listings of houses for sale stalled in September, according to online advertiser realestate.co.nz, but the usual spring surge is still expected in October and November, despite new lending restrictions coming into for...

30 Sep 2013
House listings stall, too soon to blame LVR’s

House listings stall, too soon to blame LVR’s

Oct 1 (BusinessDesk) – New listings of houses for sale stalled in September, according to online advertiser realestate.co.nz, but the usual spring surge is still expected in October and November, despite new lending restrictions coming into force today. The site’s marketing mana...

30 Sep 2013
REPEAT Hellaby buys Sydney-based Ryde Batteries for about A$12 mln to boost largest unit

REPEAT Hellaby buys Sydney-based Ryde Batteries for about A$12 mln to boost largest unit

30 Sep 2013
Hellaby buys Sydney-based Ryde Batteries for about A$12 mln to boost largest unit

Hellaby buys Sydney-based Ryde Batteries for about A$12 mln to boost largest unit

30 Sep 2013
Harbour Asset emerges as holder of Tower after GPG sells stake

Harbour Asset emerges as holder of Tower after GPG sells stake

30 Sep 2013
NZ dollar strongest performer against greenback as investors weigh prospect of US govt shutdown

NZ dollar strongest performer against greenback as investors weigh prospect of US govt shutdown

30 Sep 2013
While you were sleeping Deal or no deal

While you were sleeping Deal or no deal

30 Sep 2013
Kiwi may weaken in run-up to Christmas, in reprieve for exporters, survey shows

Kiwi may weaken in run-up to Christmas, in reprieve for exporters, survey shows

30 Sep 2013
CORRECT MARKET CLOSE NZ shares join selloff on US budget stalemate

CORRECT MARKET CLOSE NZ shares join selloff on US budget stalemate

30 Sep 2013
MARKET CLOSE NZ shares join selloff on US budget stalemate, as Meridian sale begins

MARKET CLOSE NZ shares join selloff on US budget stalemate, as Meridian sale begins

30 Sep 2013
Samsung makes first NZ investment, in world-first wireless tech

Samsung makes first NZ investment, in world-first wireless tech

30 Sep 2013
NZ dollar weakens as looming US budget standoff saps risk appetite

NZ dollar weakens as looming US budget standoff saps risk appetite

30 Sep 2013
Hanover Group appeal on AIG prospectus policy rejected by Court of Appeal

Hanover Group appeal on AIG prospectus policy rejected by Court of Appeal

30 Sep 2013
NZ Dollar Outlook Kiwi may weaken as investors shun growth sensitive currencies

NZ Dollar Outlook Kiwi may weaken as investors shun growth sensitive currencies

30 Sep 2013
NZ business confidence rises to new 5-year high, firms see higher profits, more hiring

NZ business confidence rises to new 5-year high, firms see higher profits, more hiring

30 Sep 2013
Quick Labour-Greens power policy implementation possible, First NZ Meridian report says

Quick Labour-Greens power policy implementation possible, First NZ Meridian report says

29 Sep 2013
NZ employment confidence slips in third quarter as expectations of job opportunities fall

NZ employment confidence slips in third quarter as expectations of job opportunities fall

29 Sep 2013
NZ home building consents rise 1.4 percent in August, though trend growth softens

NZ home building consents rise 1.4 percent in August, though trend growth softens

29 Sep 2013
UPDATED Guinness Peat exits last asset outside Coats, sells Tower stake for $118 mln

UPDATED Guinness Peat exits last asset outside Coats, sells Tower stake for $118 mln

29 Sep 2013
Guinness Peat exits last asset outside Coats, sells Tower stake for $118 mln

Guinness Peat exits last asset outside Coats, sells Tower stake for $118 mln

29 Sep 2013
NZ dollar weakens as investors favour less risky assets ahead of US government shutdown

NZ dollar weakens as investors favour less risky assets ahead of US government shutdown

29 Sep 2013
World Week Ahead Showdown or shutdown

World Week Ahead Showdown or shutdown

29 Sep 2013
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