Government earmarks extra $20M for tourism over 4 years including funds for smaller centres, Key says

Government earmarks extra $20M for tourism over 4 years including funds for smaller centres, Key says

By Fiona Rotherham May 13 (BusinessDesk) - The government is to invest an extra $20 million over four years to support tourism, with $12 million heading to a new fund to help communities with small infrastructure projects as tourism numbers are forecast to climb to 4.5 million...

APN raises A$160M in institutional component of offer with 95% uptake

APN raises A$160M in institutional component of offer with 95% uptake

By Jonathan Underhill May 13 (BusinessDesk) - APN News & Media has raised $160 million from the institutional component of its entitlement offer, with an uptake of 95 percent and the shortfall hoovered up at a premium. The Sydney-based owner of NZME in New Zealand, whose me...

Mega ordered to attend High Court to answer questions about hacked documents from Kazakhstan

Mega ordered to attend High Court to answer questions about hacked documents from Kazakhstan

By Jonathan Underhill May 12 (BusinessDesk) - The High Court has ruled that a representative of Mega must front up to answer questions and supply documents that would help the Republic of Kazakhstan identify those responsible for hacking into its government computer systems in...

NZ dollar gains to 3-month high vs Aussie dollar as commodities fall, rate bets unwind

NZ dollar gains to 3-month high vs Aussie dollar as commodities fall, rate bets unwind

By Jonathan Underhill May 12 (BusinessDesk) - The New Zealand dollar rose to a three-month high against the Australian dollar as traders wound back their bets on the pace of rate cuts by the New Zealand central bank and commodity prices weakened in Asia. The kiwi rose to 93...