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NZ dollar heads for 4.3 percent gain in September quarter as Chinese stimulus stokes optimism
By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar is headed for a 4.3 percent quarterly gain as fund managers reposition their global portfolios against the backdrop of increased optimism after China's central bank became the latest to inject greater liquidity into...
Air NZ share jump on share buyback announcement
Sept 28 (BusinessDesk) - Air New Zealand says its share price doesn't reflect the strength of the national carrier's financial performance and is to commence a share buyback scheme as a consequence, chairman John Palmer announced at the company's annual meeting in Auckland. Air...
Perpetual sheds corporate trust business in management buy-out
By Paul McBeth Sept. 28 (BusinessDesk) - Pyne Gould Corp-owned Perpetual Group has shed its corporate trust unit in a management buy-out for an undisclosed sum. Perpetual risk management executive Kim von Lanthen has bought the corporate trust business, which supervises almost...
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