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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...
NZ dollar holds gains on optimism ECB will act, while RBNZ less dovish
By Jonathan Underhill July 27 (BusinessDesk) - The New Zealand dollar held its gains after joining a rally in “risk proxies” such as the kiwi on speculation the European Central Bank may act to bolster the common currency. The local dollar traded at 80.19 US cents, a level it j...
Former Frucor head Mark Cowsill named to Hellaby board
July 27 (BusinessDesk) - Hellaby Holdings, the diversified investment group, named former Frucor Beverages head Mark Cowsill as an independent director. Cowsill, who spent almost two decades at Frucor between 1992 and 2011, will join the board effective immediately, Hellaby sai...
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