The Serious Fraud Office has charge seven people over a series of alleged mortgage frauds between July 2007 and December 2010.
The Serious Fraud Office has charge seven people over a series of alleged mortgage frauds between July 2007 and December 2010.
By Margreet Dietz May 24 (BusinessDesk) - Wall Street was mixed, paring sharp early losses after disappointing data from China and a slump in Japanese stocks outweighed better-than-expected reports on ...
By Paul McBeth May 23 (BusinessDesk) - The New Zealand dollar fell to an eight-month low after figures indicated Chinese manufacturing shrank this month and Federal Reserve chairman Ben Bernanke told politicians ...
May 23 (BusinessDesk) - New Zealand meat has been cleared to move across Chinese wharves as soon as next week though the administrative logjam has been sheeted home to the Ministry for Primary Industries. ...
May 23 (BusinessDesk) - Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying customers. The net loss was $14.4 ...
By Tina Morrison May 22 (BusinessDesk) Veolia Transport Auckland, which runs the city's urban passenger trains, almost doubled its annual profit last year after it changed the way it does business. Veolia, ...
By Tina Morrison May 23 (BusinessDesk) - Shares in Fisher & Paykel Healthcare jumped to their highest in more than two years as the maker of breathing masks and respirators said it expects to beat analyst ...
By Paul McBeth May 23 (BusinessDesk) - James Hardie Industries, the Australian building materials firm, hasn't made a provision for the New Zealand Ministry of Education's $1.5 billion suit over 300 leaky ...
By Pattrick Smellie May 23 (BusinessDesk) - Conservation Minister Nick Smith has approved access over conservation estate land for Bathurst Resources to develop an open cast coal mine on the Denniston ...
By Paul McBeth May 23 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation systems, doesn't expect dividends from its decision to shift its local manufacturing to ...
May 23 (BusinessDesk) - Fronde Systems Group, a Wellington-based software and cloud-based services developer, is considering an equity raising to fund a bigger push into Australia after more than doubling ...
It is barely a month since the “Strategic Plan on Promoting Agricultural Cooperation between New Zealand and China" was put in place and yet thousands of tonnes of frozen and chilled New Zealand beef and sheepmeat are now sitting on China’s wharves.
May 23 (BusinessDesk) - Guinness Peat Group will have to keep on more staff than previously planned as it works with the UK regulator over its liability for the Coats pension schemes. Chairman Rob Campbell ...
By Tina Morrison May 23 (BusinessDesk) - Fisher & Paykel Healthcare, which makes breathing masks and respirators, expects to beat analyst expectations for 2014 profit as it surpassed its own guidance for ...
By Paul McBeth May 23 (BusinessDesk) - DNZ Property Fund, which reported a 14 percent decline in annual distributable earnings yesterday, completed its $60 million placement to institutional investors ...
By Paul McBeth May 23 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation systems, plunged deeper into the red after writing down the value of its Chinese and New ...
May 23 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, posted a 10 percent decline in full-year profit, beating its own guidance as it coped with a shortage ...
May 23 (BusinessDesk) - Argosy Property reported a jump in full-year profit after earnings in the previous year were eroded by the costs of internalising its management contract. Net property income fell ...
By Tina Morrison May 23 (BusinessDesk) - The New Zealand dollar fell after US Federal Reserve Chairman Ben Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it's ...
By Margreet Dietz May 23 (BusinessDesk) - US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures ...
May 22 (BusinessDesk) - New Zealand shares rose as Ryman Healthcare climbed to a new record, bouncing back from a decline that may have been triggered by a rival's stock selldown, while Fletcher Building ...
By Paul McBeth May 22 (BusinessDesk) - The New Zealand dollar edged lower in the local session as investors hold off from making any decisions ahead of Federal Reserve chairman Ben Bernanke's Congressional ...
May 22 (BusinessDesk) - Ecoya, which counts the Bakery Business LP as its biggest shareholder, has changed its name to Trilogy International as the skincare range it bought in 2010 dominates sales over ...
By Tina Morrison May 22 (BusinessDesk) - Property For Industry's proposed merger with Direct Property Fund to create an $800 million industrial property empire is fair, according to independent appraisals ...
May 22 (BusinessDesk) - New Zealand Post, the state-owned postal service, says Standard & Poor's move to lower the outlook on its A+ credit rating won't affect debt on issue or create any problems for ...
By Paul McBeth May 22 (BusinessDesk) - DNZ Property Fund, a diversified property investor, reported a 14 percent fall in annual earnings and plans to raise $80 million in a placement to institutional investors ...
By Paul McBeth May 22 (BusinessDesk) - Vodafone New Zealand, which bought phone company TelstraClear for $840 million last year, lost a net 7,000 mobile customers in the first three months of the year, ...
By Paul McBeth May 22 (BusinessDesk) - Asset Finance, the minnow lender which was temporarily stopped from seeking new investment last year over the representation of a related party loan, has been rapped ...
By Tina Morrison May 22 (BusinessDesk) - The New Zealand dollar weakened against its US counterpart amid speculation growth in the world's largest economy may spur the Federal Reserve to reduce stimulus, ...
By Margreet Dietz May 22 (BusinessDesk) - Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying ...
May 21 (BusinessDesk) - Goodyear & Dunlop Tyres, the local unit of the biggest US tyre maker, plans to sell its New Zealand retail business for an undisclosed sum to locally-owned Beau Ideal. If closed, ...
May 21 (BusinessDesk) - New Zealand shares fell on concern prices have run up ahead of earnings and profit downgrades in Australia weighed on companies with businesses across the Tasman, including Mainfreight, ...
By Pattrick Smellie May 21 (BusinessDesk) - The ambitious growth strategy that has imperilled Solid Energy was developed on a far more optimistic outlook for oil and coal prices than its industry peers, ...
By Paul McBeth May 21 (BusinessDesk) - The New Zealand dollar held gains against the greenback in local trading as investors pondered whether Federal Reserve chairman Ben Bernanke will give any hint of ...
May 21 (BusinessDesk) - New Zealand inflation expectations have fallen to the lowest in 14 years, even as business managers raised their expectations for economic growth, suggesting the central bank won't ...