New Labour-Greens MoU falls short of coalition
By Pattrick Smellie May 31 (BusinessDesk) - The Labour and Green parties have signed a memorandum of understanding in which they commit to "work collaboratively to change the government", in a move intended to demonstrate an alternative government-in-waiting while forcing New...
Global mobile marketer VMob oversubscribed in $3.3M local capital-raise
By Pattrick Smellie May 31 (BusinessDesk) - Australian and New Zealand high net worth investors and institutions have stumped up $3.3 million to help mobile marketing platform VMob pursue offshore expansion, particularly in the US. The NZX-listed, San Francisco-headquartere...
Panama Papers: NZ to hasten completion of anti-money laundering regime
By Pattrick Smellie May 30 (BusinessDesk) - The furore over the Panama Papers is hastening completion of New Zealand's anti-money laundering regime, with lawyers and other professionals to be targeted. Prime Minister John Key told his post-Cabinet press conference that a re...
Tiwai Point smelter's earnings plunge in second half of financial year
By Pattrick Smellie May 30 (BusinessDesk) - The Tiwai Point aluminium smelter made an underlying profit after tax of $54 million in the year to Dec. 31, just $2 million less than the previous year's profit, although only $4 million of that was made in the second half of the fi...
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