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IkeGPS narrows annual loss through sales growth, trimmed wage bill
By Paul McBeth May 31 (BusinessDesk) - IkeGPS, the unprofitable laser measurement tool maker, narrowed its annual loss after lifting sales 37 percent and cutting a fifth from its wage bill, and is optimistic positive cash flow generated in the fourth quarter will persist, mean...

New Zealand's 'solid' economic growth seen continuing as investment picks up, OECD says
By Tina Morrison May 31 (BusinessDesk) - New Zealand's economic growth is set to continue to beat the average of the 35 member countries of the Organisation for Economic Cooperative and Development, as activity shifts away from consumption and towards investment, the OECD said...

NZ dollar rises to 3-week high as Italy fears ease, risk appetite returns
By Jonathan Underhill May 31 (BusinessDesk) - The New Zealand dollar rose to a three-week high as reports of renewed efforts to form a government in Italy helped lift risk appetite and the euro. The kiwi dollar climbed to 69.89 US cents as at 8am in Wellington from 69.10 ce...