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MARKET CLOSE NZ shares fall on China jitters; Vital, Pumpkin Patch, AMP drop

MARKET CLOSE NZ shares fall on China jitters; Vital, Pumpkin Patch, AMP drop

June 25 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to the lowest since early March, as fears of a Chinese credit crunch weighed on Asian equity markets. Vital Healthcare Property Trust fell after announcing a rights issue and Pumpkin Patch led some retaile...

25 Jun 2013
NZ dollar may test 77 US cts as Asian stocks sink amid Chinese liquidity concerns

NZ dollar may test 77 US cts as Asian stocks sink amid Chinese liquidity concerns

By Paul McBeth June 25 (BusinessDesk) - The New Zealand dollar may fall below 77 US cents in European and US trading after fears over China’s banking sector sparked a sell-off in Asian stock markets, and prompted investors to ditch risk-sensitive currencies. The kiwi declined...

25 Jun 2013
UPDATED Bettle exits Powerco and business mentors’ board as trial looms

UPDATED Bettle exits Powerco and business mentors’ board as trial looms

(Updated to include Business in The Community resignation in lead and 4th graph, amends remaining roles in 5th graph.) June 25 (BusinessDesk) - Rick Bettle has stepped down as chairman and director of lines company Powerco and business mentoring organisation Business in The Comm...

25 Jun 2013