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.
Indices
| VALUE | MOVEMENT | |||
|---|---|---|---|---|
| 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
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 | |
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
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.
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.
Sponsored links
Leaky home owners struggle
Leaky home owners are struggling to fund repairs as controversy over a Government contribution proposal heats up.
Trustee to scrutinize Allied offer
Hanover Finance trustee Perpetual Trust says it will go through Allied Farmers' debt-for-equity offer with a fine-tooth comb to ensure investors fully understand the proposal before voting on the deal next month.
Boston Finance in receivership
Deal good news for Hanover
Finance industry examined
The finance industry suffered from an anything-goes culture lacking in ethics and morals, a parliamentary select committee inquiry into the finance company collapses has been told.
All Blacks beat England in dour test
Police dob in drink driver to Air NZ
Wallabies humiliated by Scotland
Teacher has baby with 17-year-old student
Shyla's a purr-fect little mum
Bitter MP seeks reconciliation
Nice Kiwi blokes - shame about the women
Griffin's moves biscuits to Fiji
$450,000 march is political manipulation
Cyclists gone but their trash lingers
Mall campaign pays for 'protesters'
Playing chicken with the markets
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