The Overseas Investment Office said the first penalty had been imposed on a foreigner for leasing – rather than buying – New Zealand land illegally. The High Court at Auckland ordered Chinese citizen Bin Zhao to pay a penalty of $49,000 and $15,000 in costs for failing to get consent from the office before entering […]
The Overseas Investment Office said the first penalty had been imposed on a foreigner for leasing – rather than buying – New Zealand land illegally. The High Court at Auckland ordered Chinese citizen Bin Zhao to pay a penalty of $49,000 and $15,000 in costs for failing to get consent from the office before entering […]
One of the single most important conversations a bank can have with a customer happens at the first-home buyer stage, research has revealed. ANZ general manager of data and marketing Astrud Burgess says this moment can make or break the loyalty customers show to banks. “When we have to say no to a first-time buyer, […]
An experiment called SEED for Oklahoma Kids, or SEED OK, is one of a growing number of efforts by cities and states — governed by Democrats and Republicans alike — to help a new generation climb the educational ladder and build assets SEED OK is a far-reaching research project begun in Oklahoma 14 years ago […]
Like many designers, Nicole Miller chalked up 2020 to a “very challenging year,” but she is now upbeat about an office move, strong dress sales and sustainable materials. In a few weeks, the company will downsize its two-floor offices at 525 Seventh Avenue, relocating to the building’s third floor. The layout is similar the company’s […]
Zappos.com said today it is participating in the Valuable 500 initiative to promote disability inclusion at the leadership level. Zappos has joined a coalition of national and international companies pledging to drive change for those living with disabilities – whether through their respective employees, advertising and marketing campaigns, and/or product offerings. Among the members are […]
ZURICH (Reuters) – UBS reported a surprise $774 million hit on Tuesday from the collapse of U.S. investment fund Archegos, taking the shine off a forecast-beating 14% rise in quarterly net profit at the world’s largest wealth manager.FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd WiegmannThe […]
Premier Inn owner Whitbread has slumped to a £1bn annual loss – but hopes to benefit from a “staycation” boom over the summer. Revenues for the year to 25 February fell 71% to £589m with the group’s hotels and restaurants closed for much of the period while 27,000 workers were furloughed and about one in […]
ZURICH (BLOOMBERG) – UBS Group posted an unexpected US$774 million (S$1.03 billion) hit from the collapse of Archegos Capital Management, joining United States rival Morgan Stanley in surprising investors over the extent of the impact from the US hedge fund’s implosion. The hit helped drive a US$554 million decrease in revenue at the Zurich-based bank’s […]
MILAN — Divide and conquer seems to be out of fashion these days. In a first for the companies, Facebook and Gucci have teamed to jointly file a lawsuit in the United States District Court, Northern District of California, against an international online counterfeit business operator. The individual is being sued for breach of contract […]