Brokerage Forsyth Barr and firms associated with Credit Agricole Corporate and Investment Bank have agreed to establish a $60 million settlement fund to compensate investors and pay $500,000 in costs over the disastrous NZX-traded Credit Sails notes. The settlement is part of a deal under which the Commerce Commission concludes its probe into the now-worthless notes and agrees not to …

Argosy Property, whose shareholders agreed to corporatise the company last year after buying out the ANZ Bank-owned manager, wants to raise up to $100 million to pay for two buildings housing long-term government tenants in Wellington. The new equity will come in two tranches, with $80 million raised from institutional and qualified investors and $20 million through a share purchase …

Hit single?Gangnam Style?by South Korean rapper Psy?the most viewed clip in YouTube?s history?may mark the start of a global shift in which the Asia/Pacific region?s cultural influence catches up to its economic and political importance, says researcher Dr Stephen Epstein. Epstein, Programme Director of Asian Studies in the School of Languages and Cultures at Victoria University of Wellington, is researching …