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Diligent sees no need to restate earnings after review of executive options

Diligent Board Member Services, whose shares have more than doubled in the past 12 months, says it sees no need to restate earnings after reviewing a report into executive options that may not have complied with its incentive schemes. The shares, halted pending the report, will resume trading today. “At this time, the Diligent Board, based on advice received from …

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NZ dollar falls vs. greenback, yen as risk appetite ebbs, commodities fall

The New Zealand dollar declined against the greenback and the yen as equities markets and commodities fell and figures showed the US economy is still growing only weakly. The kiwi dollar fell to 83.17 US cents from 83.42 cents at 5pm in Wellington yesterday. The local currency sank to 77.36 yen from 77.97 yen. The Thomson Reuters/Jefferies CRB Commodity Index …

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While you were sleeping Stocks extend decline

Wall Street extended losses for a second day amid concern the Federal Reserve’s stimulus for the US economy might end sooner than expected, while the latest data on euro zone services and manufacturing output showed a larger-than-expected contraction. Minutes from the latest Fed meeting called into question the size and duration of the central bank’s bond-buying program at a time …

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