MARKET CLOSE: NZ shares edge up, led by Air NZ and Heartland Bank
By Rebecca Howard May 1 (BusinessDesk) - New Zealand shares rose on renewed enthusiasm for Heartland Bank and news Air New Zealand has tapped former Prime Minister John Key for its board, while Fletcher Building and Chorus fell. The S&P/NZX 50 Index gained 3 points, or 0.0...
NZ angel funding hits record $69 million in 2016
By Rebecca Howard May 1 (BusinessDesk) - Angel networks and funds invested a record $69 million into young New Zealand companies in 2016 and software and services continued to take the bulk of the money, the New Zealand Venture Investment fund said. The amount invested by a...
China names four corruption suspects in Auckland, English not considering extradition treaty
By Rebecca Howard April 28 (BusinessDesk) - Four of 22 corruption suspects who have fled China are in Auckland according to a list published by Chinese authorities and while New Zealand is not currently proceeding with new extradition treaties it could look at a possible treat...
ACCC takes legal action against Murray Goulburn, drops action against Fonterra
By Rebecca Howard April 28 (BusinessDesk) - The Australian Competition and Consumer Commission has filed Federal Court proceedings against Australia's largest milk processor, Murray Goulburn Cooperative, for breaching the Australian consumer law but decided not to take any fur...
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