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NZ dollar may stabilize against greenback should US data point to slower recovery

The New Zealand dollar may halt its slump against the greenback on signs the world’s largest economy is not yet in a self-sustaining recovery. The kiwi, which has dropped 5.5 percent this month against the US dollar, recently bought 80.86 US cents, from 80.76 cents at 5pm yesterday. The trade-weighted index edged up to 76.34 from 76.23 at 5pm yesterday. …

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While you were sleeping, European stocks gain

European equities advanced as investors judged recent declines as overdone and concern about the end of central bank support premature. Europe’s benchmark Stoxx 600 Index ended the day with an increase of 0.3 percent, following last week’s 2.1 percent decline as investors worried that the US Federal Reserve might begin to pare its bond-buying program earlier than expected. Germany’s DAX …

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IRD files to liquidate Allied Farmer’s rural unit over $4.2M tax bill

Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, is back in the firing line after its rural unit was today served with a liquidation notice by the Inland Revenue Department over a $4.2 million tax bill. The Hawera-based company was today served with the notice, 26 days after it was filed with the …

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