Wynyard administrators make more than half staff redundant
By Edwin Mitson Oct. 31 (BusinessDesk) - More than half the staff at crime-fighting software company Wynyard Group have been made redundant by the company's administrators. The Auckland-based company went into voluntary administration last week after it gave up on seeking...
Partial sale of Kiwibank to NZ Super, ACC completes
By Edwin Mitson Oct. 31 (BusinessDesk) - A deal which sees the New Zealand Super Fund and Accident Compensation Corp take a partial stake in Kiwibank's holding company has completed, with ACC taking a slightly larger stake than previously suggested and the bank being valued at...
New fund lets KiwiSavers avoid arms, tobacco, nuclear investments
By Edwin Mitson Oct. 27 (BusinessDesk) - KiwiSaver providers will be able to offer a low-cost international shares fund that excludes tobacco as well as controversial and nuclear weapons from the portfolio by the end of the year. In August, Radio New Zealand reported that...
NZ dollar falls vs. yuan on concern over Chinese devaluation
By Edwin Mitson Oct. 27 (BusinessDesk) - The New Zealand dollar fell against the Chinese yuan on concern Beijing's devaluation of its currency is a negative signal about the Chinese economy, the country's biggest export market. The kiwi fell as low as 4.8448 yuan after the...
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