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While you were sleeping: Euro's dead cat bounce?
June 5 (BusinessDesk) - The euro has gained from a two-year low against the greenback and a more- than decade-low against the yen as various technical measures it was due for a bounce. But traders aren't yet convinced. So-called net shorts betting the euro will fall against the...
Crown takes on residual assets of South Canterbury Finance
June 1 (BusinessDesk) – The tidying up of the South Canterbury Finance debacle continues with the Crown taking over residual assets as earlier signalled. Receivers Kerryn Downey and William Black of McGrathNicol said remaining loans in the so-called 'bad bank' loan book, sundry...
NZ dollar drifts lower on disappointing Chinese data
By Pam Graham June 1 (BusinessDesk) – The New Zealand dollar drifted lower on Friday as investors already worried about debt in Europe digested weak Chinese manufacturing reports, and weaker prices for locally-produced raw materials. The kiwi slipped to 75.08 US cents at 5pm fr...
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