The Court of Appeal has sentenced all four former directors of Lombard Finance & Investments to home detention, having accepted the initial sentences were “manifestly inadequate.” In a judgment today Justices Anthony Randerson, John Wild, and Christine French substituted the sentences of community work imposed on the Lombard four. Bill Jeffries was sentenced to eight months home detention and 250 …

The Reserve Bank of Australia said its currency may extend a 10 percent slide since April as the bank maintained its easing bias and kept its benchmark cash rate unchanged at 2.75 percent. “The Australian dollar has depreciated by around 10 percent since early April, although it remains at a high level,” Governor Glenn Stevens said in a statement on …

Restaurant Brands New Zealand, which is counting on new burger chain Carl’s Jr to drive future earnings growth, is closing unprofitable stores at its worst-performing Starbucks unit ahead of a possible sale next year. The fast-food operator closed six Starbucks stores last financial year and may shutter a further five outlets as leases come up for renewal, leaving 22 profitable …