News
FMA demands $30m from Hanover directors
Groups helping out-of-pocket investors in failed finance company Hanover are delighted six former directors could be ordered to pay up to $5 million each if a new civil action against them is successful. Market watchdog the Financial Markets Authority (FMA) has taken a civil court action against Mark Hotchin, Eric Watson, Greg Muir, Sir Tipene [...]
Oil industry to face opposition
The New Zealand oil and gas industry announced the appointment of a new chief executive and a quadrupled budget today as it prepares to fight harder for the industry in the face of growing opposition to unconventional oil exploration, such as deep-sea drilling and hydraulic fracturing. The initiatives came from a strategic review last year [...]