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Strategic Finance investors get another 1.5 cents in the dollar, receiver says
By Paul McBeth May 29 (BusinessDesk) - Investors in Strategic Finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to the latest recei...
NZ dollar holds above 76 US cents on prospects Greece will avoid a euro-exit
By Hannah Lynch May 29 (BusinessDesk) - The New Zealand dollar held above 76 US cents on prospects Greece will avoid a euro-exit after polls showed the nation's pro-bailout party gaining ground, boosting demand for higher- yielding assets, such as the kiwi. The New Zealand doll...
MARKET CLOSE: NZ shares fall; F&P Healthcare falls amid talks with analysts
May 28 (BusinessDesk) - New Zealand shares fell, led by Fisher & Paykel Healthcare, as the company met analysts to discuss its annual results and an outlook that has disappointed some investors. Rakon bounced back from its lowest level this year. The NZX 50 Index rose 23.97 poi...
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