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While you were sleeping: Trump unsettles Wall St
By Margreet Dietz Aug. 18 (BusinessDesk) - Wall Street dropped, while US Treasuries advanced, amid concern that US President Donald Trump has derailed his chances of implementing the policies that had been seen as good for business and economic growth. Rumours that former G...

Powerhouse appoints interim liquidators to Hydroworks
By Paul McBeth Aug. 17 (BusinessDesk) - ASX-listed, Christchurch-based incubator Powerhouse Ventures secured a High Court order to appoint an interim liquidator to its investee firm Hydroworks, which has been without a board for the past fortnight. Powerhouse today filed a...

Government approves negotiating mandate for revamped TPP
By Rebecca Howard Aug. 17 (BusinessDesk) - The government has approved a negotiating mandate for the so-called Trans-Pacific Partnership 11, a trade deal it says could save New Zealand companies $222 million a year, says Trade Minister Todd McClay. The original Trans-Pacif...