Petricevic last boss in jail

Rod Petricevic is now the only failed finance company boss still in jail, despite the former Bridgecorp chief receiving a lighter sentence than two other disgraced directors.Petricevic, who is eligible to go back before a parole…

Low rates allow low repayments. So do longer terms. But neither seem rational. Irrational expectations of long term capital gains keep the structure together

Tweet Rates can go either way over the very long term By David Chaston High house prices cause mortgage payment stress. Low interest rates give buyers a better ability to afford those prices. However low interest rates allow buyers to bid up prices to their loan repayment affordability level. That is why many analysts point out that it is low …

Jackson's plane museum gets $1.5m Govt boost

The Blenheim centre holding Sir Peter Jackson’s WWI planes will get a $1.5 million boost in funding from the Government.As part of its Tourism Growth Partnership fund, the Government is also investing $350,000 to support the development…

Augusta's latest commercial property syndicate offers high returns but there's a sting in the tail with high set up costs

Tweet The Birmingham Rd property Augusta is syndicating. Augusta Funds Management’s latest property syndicate is offering a forecast cash return of 9%, but investors also need to consider the effect its high upfront fees will have on their equity. The syndicate is being structured as a proportionate ownership scheme, which will acquire an industrial property on 30-32B Birmingham Rd, in the …

Despite some signs of stabilising dairy prices, economists see any chance of a sharp rebound in returns as a 'distant prospect'

Tweet Image sourced from Shutterstock.com By David Hargreaves Economists at the country’s biggest dairy farm lender ANZ see any chance of a sharp rebound in dairy prices as a “distant prospect” and are picking a “tough” forthcoming season. Global dairy prices dropped again last night, with prices down 2.2%, the fifth consecutive fall and taking prices to their lowest level …

The Opening Bell: Where currencies start on Thursday, May 21, 2015

Tweet By Dan Bell The NZDUSD opens at 0.7320 (mid-rate) this morning. The FOMC minutes released this morning have downplayed the possibility of a June rate hike. The Fed said that “several” members back in March believed that they were on track to raise rates in June, however following the recent run of disappointing U.S data releases including April’s dismal …