Metlifecare, the retirement village operator, sold shares to institutional and experienced investors at a 7.1 per cent discount as part of its capital raising.

Kerry Stokes is among the foreigners backing a giant Chinese bank. Whether that bet pays off matters not just for him, but for the global economy.

Stocks on Wall St and in Europe rose after an unexpected interest rate cut by the European Central Bank and the vote backdown from the Greek PM.

New Zealand shares were mixed in light trading as investors weighed the global risks, including the potential derailment of Europe's plan to staunch its debt crisis.

The Australian Securities Exchange's 21-year monopoly on share trading is over after cheaper rival Chi-X quietly opened for business this week.

Metlifecare, the retirement home operator, is to seek up to $45.5 million in new capital, while 82 per cent-owner Retirement Village Group will sell down its stake.

World sharemarkets dropped overnight after the Greek Prime Minister sought to silence critics by unexpectedly calling for a referendum.

The latest WTO trade round is going nowhere fast...