Committee clamps down on low-ball stock offers
The new Financial Markets Authority will have the power to clamp down on low-ball stock offers the likes of which are used by Christchurch businessman Bernard Whimp.
The new Financial Markets Authority will have the power to clamp down on low-ball stock offers the likes of which are used by Christchurch businessman Bernard Whimp.
The New Zealand dollar will probably hold around 75 US cents until next Thursday as traders wait for the Reserve Bank to say whether it will cut the OCR.
Sister banks ANZ and National have cut mortgage interest rates.
The New Zealand dollar has fallen to a near six-month low on a trade-weighted basis.
Nuplex Industries will pay $3m to shareholders as part of a settlement with the Securities Commission after failing to disclose it breached a debt covenant in 2008.
The kiwi dollar plunged nearly one US cent after today's Christchurch earthquake.