Business
Services
SeaDragon shareholders back $4M injection to stave off liquidation
By Rebecca Howard May 17 (BusinessDesk) - SeaDragon has managed to stave off possible receivership or liquidation after shareholders backed resolutions to allow a $4 million cash injection. "Management’s current estimates have SeaDragon unlikely to pay its debts as they fa...
Economy
Businesses get some reprieve in March quarter on cheaper prices
By Paul McBeth May 17 (BusinessDesk) - Businesses got a reprieve in the March quarter as cheaper wholesale electricity helped push down the prices producers paid in the period. Prices paid by producers, known as input prices, fell 0.9 percent in the March quarter, its firs...
Economy
NZ manufacturing activity expands on month in April but down on year
By Rebecca Howard May 17 (BusinessDesk) - New Zealand's April manufacturing activity expanded versus March but was well down on the year as demand growth continues to cool. The Bank of New Zealand-Business NZ performance of manufacturing index rose 1 point to a seasonally a...
Finance
Xero's CEO says it still has a cautious future in the US
By Jenny Ruth May 17 (BusinessDesk) - Xero’s chief executive still sees a future for the accounting software company in the US but he’s careful to dampen expectations of what’s possible. Yesterday’s results showed Xero had 195,000 customers in North America at March 31, up...
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