News
Dom Finance directors exposed
Potential breaches of the Securities Act and Companies Act by Dominion Finance Holdings are revealed in a moratorium proposal for investors of its subsidiary North South Finance, which owes $109 million.
Still the sage ?
Investors are wondering if legendary US investor Warren Buffett has lost his touch.They are bailing out of Berkshire Hathaway Inc stock and have lost some confidence that the insurance and investment company, run by Buffett since 1965, can pay its debts.
Deutsche Bank calls for 150bp rate cut
Deutsche Bank has called for an unprecedented slashing of official interest rates - saying the Reserve Bank should cut them by 150 basis points.
Oil falls below US$49
Oil tumbled to a three-and-a-half year low below US$49 a barrel on Friday, nearing a $100 drop from its July record high, as more distress for the global economy threatened to eat further into demand for fuels.
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NZ shares down 2.5 pc
November 21 – Close: The New Zealand sharemarket was down sharply after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.
Kiwi at 6 year low
Rakon downsizes Auckland manufacturing
Air NZ cautions Aussie watchdog
Brook fund ratings downgraded
Fund assessor Morningstar has downgraded Brook Asset Management funds associated with co-founders Simon Botherway and Paul Glass on the back of their impending departure from the firm.
Robertson, Mortimer join Brook
Managed funds crunched by crisis
Kingfish battered by crisis
Survey says kiwis feeling Xmas pinch
Stockings may be filled with IOUs this year as the financial crisis forces Kiwis to rein in their normal Christmas spend up.
