Recent Posts

NZ dollar falls before Fed, RBNZ as RBA sees weaker currency

The New Zealand dollar fell, closing in on a key support level, ahead of the Federal Reserve’s two-day policy meeting and after the Reserve Bank of Australia said its currency may be “materially lower” in future. The kiwi fell to 82.67 US cents at 5pm from 83.03 cents at the start of the day and from 83.07 cents the previous …

Read More »

Supreme Court grants Lombard Four leave to appeal sentences, but not convictions

The Supreme Court has granted the four former directors of failed lender Lombard Finance & Investments leave to appeal their sentences on issues of fact, but turned down the application to have their convictions overturned. The country’s top court today turned down an attempt by former Justice Ministers Doug Graham and Bill Jeffries, former PR man for the Queen Lawrie …

Read More »

Australia’s Evolution Healthcare pays premium to buy stake in rival Acurity Health

Evolution Healthcare, the Australian private equity healthcare company which owns Boulcott Hospital in Lower Hutt, is buying shares in Acurity Health which owns rival Wakefield Hospital. Shares in private hospital group Acurity Health jumped 36 percent to an 11-month high as about 3.8 percent of the stock changed hands at $5.50. Evolution Healthcare “is obviously trying to buy a large …

Read More »