Xero to beef up product offer; says millionth customer due this year

Xero to beef up product offer; says millionth customer due this year

By Paul McBeth July 20 (BusinessDesk) - Xero will start offering new services as it seeks to transform the platform founded on accounting software into the online portal of choice for small businesses.  Chief executive Rod Drury told shareholders at the annual meeting in Sy...

Paul McBeth 20 Jul 2016
TeamTalk hires former Alcatel-Lucent NZ boss Andrew Miller as CEO

TeamTalk hires former Alcatel-Lucent NZ boss Andrew Miller as CEO

By Paul McBeth July 20 (BusinessDesk) - TeamTalk has hired former Alcatel-Lucent NZ boss Andrew Miller as chief executive of the telecommunications network firm.  Miller will take up the role at the Wellington-based company in September, leaving Callaghan Innovation where h...

Paul McBeth 19 Jul 2016
Non-bank lenders poised to pounce on leftovers as new RBNZ restrictions loom

Non-bank lenders poised to pounce on leftovers as new RBNZ restrictions loom

By Paul McBeth July 20 (BusinessDesk) - The Reserve Bank's new restrictions on highly-leveraged home loans are likely to be a boon to non-bank lenders, which make up a fraction of all mortgages but aren't covered by lending curbs on banks.  The central bank expects a drop o...

Paul McBeth 19 Jul 2016
NZ dollar falls after RBNZ clears path for lower rates with new lending limits

NZ dollar falls after RBNZ clears path for lower rates with new lending limits

By Paul McBeth July 19 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank opened the door for interest rate cuts as soon as next month with the extension of mortgage loan restrictions set for September.  The kiwi fell to 70.56 US cents from 71.14 cents i...

Paul McBeth 18 Jul 2016