Hopes for upside to financial crisis
South Canterbury is reeling after the finance company of the same name collapsed into receivership, but there are hopes that the flipside will be a mini-boom for the local economy.With South Canterbury Finance in the hands of...
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Banks To Allow Local Groups To Buy Foreclosures
Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
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New Zealand State Pays $1.1 Billion as Lender Fails
New Zealand’s government will pay NZ$1.6 billion ($1.1 billion) to bondholders and depositors of failed lender South Canterbury Finance Ltd. in the country’s biggest bailout under its state guarantee program.
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Volkswagen brings European safety, style to Northshore
Northshore Volkswagen, located on the North Causeway Service Road in Mandeville, opened its doors in May 2004. Since then it has offered Northshore customers an opportunity to purchase quality European cars at a reasonable price.
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New Laws Effective January 1, 2010
The following legislation will take effect beginning Jan. 1, 2010.
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