The head of a financial adviser industry body has hit back at a report claiming some advisers are shifting clients between insurers to make higher commissions and get travel perks.The Financial Markets Authority has today released…
Stocks, pound futures fall as markets await Brexit fallout
NEW YORK (AP) ” Stocks fell in the Middle East, British pound futures fell versus the dollar, and U.S. shares appeared headed for a slightly lower opening on the first full day of trading since global markets plunged after Britain’s…
NZX chief welcomes NZME listing
NZX chief executive Tim Bennett expects the financial markets to remain volatile over the next few weeks in the aftermath of Britain’s surprise decision to leave the European Union.Britain’s Prime Minister David Cameron – a proponent…
Trade surplus in May as exports of logs, fruit jump
New Zealand posted a bigger than expected trade surplus in May as increased Chinese demand for logs and a growing international appetite for kiwifruit boosted exports. The trade surplus of $358 million in May exceeded the $164 million…
Sheepmeat, tourism may be hardest hit by Brexit
New Zealand’s sheepmeat exports and tourists from the UK may be the hardest hit from the Brexit with the most immediate impact likely to be on British tourists suddenly finding the spending power of the pound against the kiwi is the…
'Momentous' listing for NZME
“It’s a momentous day,” says NZME chief executive Michael Boggs. “For a number of reasons.”The market turmoil sparked by the Brexit has been unavoidable but Boggs says he doesn’t think potential investors in NZME will see it as…
As it retrenches, coal mine near Beulah auctions equipment
BEULAH, N.D. (AP) ” Bulldozers, coal haulers and several other pieces of equipment belonging to Dakota Westmoreland mine near Beulah were auctioned Friday as the operator retrenches after losing its primary coal contract.The auction…
Guyana and Brazil look to China to finance jungle highway
GEORGETOWN, Guyana (AP) ” The governments of Guyana and Brazil will try to tap China’s $10 billion Latin American infrastructure fund to finance a 350-mile jungle highway linking the two South American nations.Guyana Finance Minister…
Items owned by gangster 'Whitey' Bulger up for auction
BOSTON (AP) ” A rat-shaped pencil holder and skull ring are just two of the hundreds of items belonging to gangster James “Whitey” Bulger to hit the auction block.The court-ordered auction in Bulger’s South Boston hometown is an…
Humble two-bedroom cottage in Mangere Bridge sells for staggering $1.7 million
A humble 80sq m cottage has sold for $1.72 million – more than $700,000 over its current council valuation.The two-bedroom waterfront home in Mangere Bridge, Auckland, sold at a heated auction attended by 200 people and is seen…