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NZ dollar holds above 80 US as ECB bond action spurs equities market rally
By Paul McBeth Sept. 7 (BusinessDesk) - The New Zealand dollar held above 80 US cents after the European Central Bank's bond buying programme to build the region's financial stability spurred a rally in global equity markets, and ahead of US employment figures. The kiwi rose t...
Rakon says director fees, managing director’s pay frozen pending $25M ebitda target
By Jonathan Underhill Sept. 7 (BusinessDesk) - Rakon’s board of directors won’t get an individual fee increase until the company’s pretax earnings almost double to $25 million and managing director Brent Robinson has agreed to a pay freeze on the same terms, chairman Bryan Mogri...
North Shore financial adviser Cherry pleads guilty to $5M fraud
Sept. 7 (BusinessDesk) - Albany-based financial adviser Evan Cherry pleaded guilty to four charges out of seven levelled against him in a $5 million fraud in the North Shore District Court today. Cherry admitted four charges under the Crimes Act relating to the misappropriatio...
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