The Allied Farmers have said they are going to sell another Hanover loan to fully clear all the debts with Westpac. The financial and rural firm has not disclosed the details of the asset but it added it was contained within subsidiary, Allied Farmers Investments.
The chief executive of the Australian Securities Exchange (ASX), Robert Elstone has announced his plans of retirement from the company in the month of July of next year.
Robert Elstone was a former boss of the Sydney Future Exchange and he took his charge as the chief executive of the ASX before four years as it merged with the futures market.
There is news that the Hubbard investors have been sent a report that has given the possible outline for payments to be made by them in October. The report was sent to them by the statutory managers.
These managers- Trevor Thornton, Richard Simpson and Graeme McGlinn have already sent two similar reports in the past. This information was given by spokesman of the managers, Mr Thornton.
Judge Bill Wilson has succeeded in winning a challenge over the panel that was made to investigate his wrong doings. He has stood against the formation of the panel itself.
Judge Bill had pleaded to High Court to stop the investigation against him. While he did not question the setting up of the panel, he had asked that public hearing of his conduct should not be done.
Many of the rural servicing companies in Otago have join hands to be able to help the farmers who have been affected because of the last week's storms. The good thing is that most of these companies are competitors and have decided to come together for the common good.
They will start helping the farmers by delivering food parcels and also helping them with their daily needs. Staff strength of 30 people has been appointed by these companies.
The recent earthquake in Christchurch has had a great impact on the way people of the region think about their political system. A dramatic and drastic turnaround has been in the race for Christchurch mayoralty after the quake.
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