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Former National Bank chairman John Anderson concluded Timaru businessman Allan Hubbard had misled investors in his tangled affairs, in a report written shortly before Hubbard’s death in a car accident in September 2011. The report by Anderson and Deloitte insolvency specialist Rod Pardington has been released after a 16 month wait that included an appeal to the Ombudsman’s Office, which …

Prime Minister John Key will visit Antarctica from 17 to 21 January to highlight New Zealand’s interests and activities in Antarctica and the Southern Ocean. Key will visit New Zealand science and environmental management programmes, view New Zealand’s historic hut conservation projects, and participate in a ceremony celebrating the installation of Maori artwork at Scott Base. “New Zealand has a history of ground-breaking exploration, scientific …

US fourth-quarter earnings season picks up speed in the coming days with some of the major banks reporting. A slew of banks are set to report this week, including Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley. Earnings for financial companies in the S&P 500 grew 16 percent in the fourth-quarter, according to data compiled by Bloomberg. …

BLUE SKIES AHEAD? Markets have started the year on a reasonably positive note. Linked to this are positive signs from China , the side-stepping of the US fiscal crevasse, with the Japanese government announcing ¥10.3tr in stimulus measures thrown in for good measure. There are casualties from this financial market exuberance and we sympathise with NZ exporters battling the high NZD. …

On the Road is a daily blog kept by Alexander Speirs documenting NZ Inc’s January 2013 research visit to China, Hong Kong and South Korea.  persuasive essays on abortion Well, we’re finally here. Following a long day on the road, Fran and I have safely made it to our hotel in Beijing. If you’ve seen the news in the past …

The Fonterra Shareholders’ Fund, whose units soared 26 percent on their first day of trading, will tip wool carpetmaker Cavalier Corp out of the benchmark NZX 50 index this month. The Fonterra fund, which has surged by a third from their $5.50 offer price, has met the ranking and liquidity requirements and will join the benchmark index on Jan. 21, …

New Zealand shares rose for a fifth straight session, as the local market continued to bask in its status as relatively high yielding in an economy that’s growing modestly. Skellerup Holdings and Cavalier led gainers and Fletcher Building reached a 19-month high. The NZX 50 rose 12.67 points, or 0.3 percent, to 4131.754, a new five-year high. Within the index, …

United Kingdom Foreign Secretary William Hague will visit New Zealand next week, Foreign Affairs Minister Murray McCully announced today. “I look forward to welcoming Mr Hague to New Zealand for the second time in two years,” McCully says. McCully and Hague will hold formal bilateral talks in Auckland on Tuesday , January 15. “This is an excellent opportunity to address critical foreign …

essays about love Yashili International Holdings, which manufactures and distributes infant milk formula products in China, is the latest Chinese company looking to invest in New Zealand, with plans to build a 1.1 billion yuan ($210 million) processing plant. The Chaozhou City, Guangdong-based company’s board signed off on a project to set up a manufacturing facility in New Zealand to …

Michael Hill International, the jewellery chain that bears its founder’s name, said sales growth stalled in the second quarter, which limited earnings growth in the first half of the year. “December quarter sales, including the critical Christmas trading period, fell short of our forecasts and didn’t deliver the improvement over last year that the company had expected,” the Brisbane-based company …