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Crowd-funding for investment, not refinancing loans, say draft regulations
Oct. 31 (BusinessDesk) – Draft regulations governing the practice of crowd-funding suggest such offers should be limited by a “principal purpose” test to ensure crowd-funding services match issues with investors who have small amounts to invest. The proposal is one of hundreds o...
MARKET CLOSE NZ shares rise, as blue chips Fletcher, Telecom gain
Oct. 31 (BusinessDesk) – New Zealand shares rose as Fletcher Building climbed to its highest in more than five years and Telecom paced gains among blue chip companies. Tech start-up GeoOp soared 120 percent in its NZAX debut. The NZX 50 Index rose 41.646 points, or 0.9 percent,...
NZ dollar gains on record Australian building approvals, RBNZ warns on strong currency
By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher as a jump in Australian building consents helped lift both currencies and after Reserve Bank governor Graeme Wheeler said a strong kiwi may limit the timing and extend of n...
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