WELLINGTON -(Dow Jones)- New Zealand finance company Hanover Finance Ltd. Wednesday said it is suspending payment of just over NZ$550 million to investors as the global credit crisis and falling property values hurt its business.
www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20...
Hanover Finance, one of New Zealand's largest finance companies, says it is suspending repayments of deposits and will not take any new money, leaving $554 million frozen.
www.nzherald.co.nz/section/3/story.cfm?c_id=3&obje...
23 July 2008 Hanover Finance has announced it will suspend acceptance of new investments and repayment of existing deposits. It says it is working with trustees on a plan to restructure the business going forward.
home.nzcity.co.nz/news/article.aspx?id=88006&fm=ne...
BREAKING NEWS: Hanover Finance, one of New Zealand's biggest finance companies, has frozen repayments, it has been reported.
www.stuff.co.nz/4628488a13.html
In its first hearing on the bill that would provide $500 million dollars to TransCanada to help with the development of a natural gas pipeline, the Senate finance committee today indicated the administration should not expect the money all at once. Dave Donaldson, APRN - Juneau Download audio SHARETHIS.addEntry({ title: "Senate Finance Committee takes up $500,000 for TransCanada", url: ...
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