New Zealand's efforts to be economically strong should include increased capital investment by manufacturing and other firms, Deputy Prime Minister Michael Cullen says.

Auckland

NZX has acquired a 30% shareholding in Appello Services Limited (ASL), a funds management services business.

Sydney

Christchurch

The international credit crunch is hitting close to home for New Zealand investors, with a company that issued investment bonds being placed on a trading halt after its Australian hedge fund manager ran into problems.

The international credit crunch is hitting close to home for New Zealand investors, with a company that issued investment bonds being placed on a trading halt after its Australian hedge fund manager ran into problems.

Investment managers will need to adapt and innovate to avoid falling into a two-tier industry of outperforming alpha fund managers and those left behind to chase scarce market returns, according to Mercer.

Listed investment company Salvus Strategic Investments plans to change its mandate and start to invest in Australia as well as New Zealand.

AIG Life (formerly AIA) has appointed a manager to help increase the insurance advisory capabilities of independent mortgage brokers.

UPDATED: Deposit Rates Report: During the past week a number of organisations have matched, or bettered, the rate banks are offering for investments of 12 months duration.

ABN Amro launches capital protected fund, Goldman Sachs takes stake in CFD coy, Turning loyalty points into savings.

Nathans Finance investors get glimmer of return, but it won't be until next year and it will be small.