Hotchin: 'Nothing in it for me'

Hanover boss Mark Hotchin says he's still working hard for investors.

Allied dangles carrot for investors

By ROB STOCK - Sunday Star Times

The tantalising prospect of a 100% capital return is once again being raised as the carrot to tempt Hanover debenture holders into voting for a new rescue deal.

Rich pickings for taxman as rich pay up

By ROB STOCK - Sunday Star Times

A blitz by the taxman on the nation's wealthiest people netted an extra $81 million in the past tax year.

Tainted directors not wanted

One of the sharemarket's own prospectus watchdogs has called for directors who served on collapsed finance companies to be banned from holding directorships in listed companies.

Are repo men toeing the line?

If you default on a loan repayment could your kids lose their toys and beds? Rob Stock finds out.

More Business headlines

Advisers to dob in dodgy deals under new code

Life returns to troubled debt markets

A costly exercise in hypocrisy

Kiwi company flush with success

New town home sales turn a corner

Here's some free advice for the advisers

Agria Corp takes cornerstone share

Code an 'opportunity to get it right'

Certification for financial advisers welcome

Griffin's moves biscuits to Fiji

More Business headlines

Indices

	VALUE
NZX50	3,113.629	-27.547	-0.88%
ASX200	4,749.200	10.200	0.20%
DOW	10,332.600	-91.700	-0.90%
NASDAQ	2,156.820	-36.600	-1.70%
FTSE	5,342.130	-3.800	-0.10%
NIKKEI	9,549.470	-127.300	-1.30%
H-SENG	22,643.160	-197.200	-0.90%
NZX50 20 min delay, others last close

Top Movers

	PRICE
CEI	0.600	-0.300	-33.33%
AWF	0.950	0.200	26.67%
LIC	3.200	0.500	18.52%
CAV	2.300	-0.210	-8.37%
HGD	0.035	-0.003	-7.89%
CHA	0.089	-0.006	-6.32%
RNS	0.200	-0.010	-4.76%
Price as at 6:35 pm, 20 Nov

Currencies

RATE
Australian Dollar	0.795
Euro	0.490
British Pound	0.440
Hong Kong Dollar	5.669
Japanese Yen	65.000
Singapore Dollar	1.016
US Dollar	0.732
Price as at 8:10 pm, 20 Nov

Quiz: Business news and trivia

Mainfreight keeps on trucking

Debt soaks up milk payout

India doubles billionaires

Ad Feedback

Industries

Fonterra sells stake in AFF joint venture

Fonterra Cooperative Group, the world’s largest exporter of dairy products, has sold its stake in a joint venture to market Anchor products.

Joyce gives Telecom more time

Communications Minister Steven Joyce has granted Telecom nine months to cut down potential information-sharing among its units as part of the company’s government-enforced operational separation.

Lamb, beef and dairy prices

Report calls for Govt backed oil exploration

World

US foreclosures hit record

US mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter.

No quick fix for Wall St’s image

Wall Street's image, battered by the financial crisis, may take years to recover as its executives themselves are the first to acknowledge.

Shortcomings in US economic data

AOL to cut one-third of workforce

Geithner under fire

US Treasury Secretary Timothy Geithner defended the costly bailout of AIG and urged swift regulatory reform to safeguard the economy.

Market Data

A new benchmark for oil?

The sour grades of crude may eventually displace tried-and-true light, sweet crude to become a benchmark.

NZ sharemarket falls at close

The New Zealand sharemarket fell but outperformed other markets in Asia and proved again that it can be the source of new capital for listings.

NZ dollar lower as investors avoid risk

Agria PGG’s biggest shareholder

DNZ to put pressure on rivals

Fund managers say DNZ Property Fund's decision to bring its management in house ahead of a sharemarket listing will put pressure on rival listed property trusts to follow suit.