News
NZ dollar falls as deadline arrives for South Canterbury Finance
Tuesday 31st of August 2010
The country's second-biggest finance company has until the end of the day to announce a capital injection which would satisfy its trustee, and avoid calling on the government to bail-out distressed investors under the retail deposit guarantee.
A collapse would weigh on investors' optimism over the state of New Zealand's economy, with the financier being a large lender to agriculture sect...
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