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Treasury seeks brokers to run partial privatisation for retail investors
By Paul McBeth May 29 (BusinessDesk) - The Treasury wants a list of brokers who will target retail investors in shares of partially privatised energy companies. The department is seeking to appoint a panel of firms for the retail, or so-called "Mum and Dad" component of the gov...
Strategic Finance investors get another 1.5 cents in the dollar, receiver says
By Paul McBeth May 29 (BusinessDesk) - Investors in Strategic Finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to the latest recei...
NZ dollar holds above 76 US cents on prospects Greece will avoid a euro-exit
By Hannah Lynch May 29 (BusinessDesk) - The New Zealand dollar held above 76 US cents on prospects Greece will avoid a euro-exit after polls showed the nation's pro-bailout party gaining ground, boosting demand for higher- yielding assets, such as the kiwi. The New Zealand doll...
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