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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...
Auckland to Houston long haul service canned
By Pam Graham June 1 (BusinessDesk) – A new direct flight from Auckland to Texas, hailed as a great development for New Zealand tourism, is being canned before it began. Continental Airlines signalled in May 2010 that it wanted to fly from Houston to Auckland, testing the limit...
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