The New Zealand dollar fell as Italy’s political impasses and the start of spending cuts in the US sapped risk appetite and drove up demand for the greenback. The kiwi fell to 82.28 US cents from 82.42 cents in New York on Friday. The trade-weighted index slipped to 75.71 from 75.85. The White House and the Congress were unable to …

Former Hanover Finance directors Mark Hotchin and Eric Watson have settled their defamation suit against the New Zealand Shareholders Association and continue to pursue its former chairman Bruce Sheppard. The association awarded its 2010 Golden Glob award to the two businessmen in 2010, a gong it gives out for “appalling corporate practise.” Sheppard gave media interviews in 2009 where he …

Warehouse Group, which reports its first-half profit this week, will spend up to $33 million buying online retailer Torpedo7, just months after buying consumer electronics chain Noel Leeming Group. The country’s biggest listed retailer will pay $20 million upon settlement, and up to a further $13 million over the next three years if earn-out targets are met, for a 51 …

The New Zealand dollar fell as Italy’s political impasses and the start of spending cuts in the US sapped risk appetite and drove up demand for the greenback. The kiwi fell to 82.28 US cents from 82.42 cents in New York on Friday. The trade-weighted index slipped to 75.71 from 75.85. The White House and the Congress were unable to …

Investors will eye February’s jobs report on Friday for fresh signs that the US economic recovery remains on track despite a range of headwinds – including the budget-cut debate in Washington and the political impasse in Rome. Wall Street keeps flirting with record highs but investors seem hesitant to push stock valuations substantially higher. In the past week, the Dow …

Investors will eye February’s jobs report on Friday for fresh signs that the US economic recovery remains on track despite a range of headwinds – including the budget-cut debate in Washington and the political impasse in Rome. Wall Street keeps flirting with record highs but investors seem hesitant to push stock valuations substantially higher. In the past week, the Dow …

Telecom Corp, the county’s biggest phone company, has appointed Lion finance director Jolie Hodson as its new top number cruncher. Hodson will take up the role of chief financial officer from June, replacing Nick Olson. She’s currently a Sydney-based finance director of Lion’s beer, spirits & wines Australia division, its biggest business unit. Telecom’s general manager of commercial finance Tim Bluett …

Pyne Gould Corp, the asset management company controlled and managed by George Kerr, reported a return to first-half earnings and forecast a full-year profit, reflecting year-earlier charges that won’t be repeated in the current period. Profit was $1.5 million in the six months ended Dec. 31, from a loss of $27.1 million a year earlier, when it recognised impaired asset …

New Zealand shares fell, easing the NZX 50 Index from a 5-year high, as a key measure of China’s manufacturing missed estimates and the local market subsided after a month-end flurry. Fletcher Building and Telecom fell. The NZX 50 fell 2.01 points, or 0.04 percent, to 4317.98. Within the index, 18 stocks fell, 25 rose and seven were unchanged. Turnover …

Liquidators have been appointed to a raft of Mainzeal and Richina related companies at the request of the shareholder. BDO’s Andrew Bethell and Brian Mayo-Smith have been appointed liquidators of the group companies, including the first firm to fall over Mainzeal Property and Construction, according to documents lodged with the Companies Office. The appointments were made yesterday by a special …