NZ dollar little changed after dropping overnight
By Rebecca Howard Aug. 16 (BusinessDesk) - The New Zealand dollar was little changed in Asia after falling sharply overnight when US retail sales data propelled the greenback higher. The kiwi dropped was at 72.34 US cents as at 5pm in Wellington versus 72.36 US cents as a...
CropLogic says A$8 million share offer fully subscribed
By Rebecca Howard Aug. 16 (BusinessDesk) - CropLogic, the agricultural technology company which counts Powerhouse Ventures and the New Zealand Venture Investment Fund as shareholders, says its A$8 million initial public offering was fully subscribed and it is now set to list o...
IkeGPS announces share placement to existing Australian, NZ investors
By Rebecca Howard Aug. 16 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, said it has received firm expressions of interest from existing Australian and New Zealand institutional and wholesale investors for a share placement. It is currently seeking to finalise t...
New Zealand dollar gets lift against yen as risk aversion subsides
By Rebecca Howard Aug. 15 (BusinessDesk) - The New Zealand dollar got a lift against the yen, benefiting from resurgent risk appetite after North Korea's leader seemed to back down from plans to fire a missile near Guam. The kiwi rose to 80.49 yen as at 5pm in Wellington fr...