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Sydney-based Pemba Capital makes takeover proposal for Smartpay at 11% premium
By Sophie Boot Aug. 31 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, is considering a proposal from Pemba Capital Partners which would see the Sydney-based investment firm buy all its shares at an 11 percent premium. The company has received the...

Powerhouse posts $11.2M full-year loss on Hydroworks impairment, drop in value of other assets
By Jonathan Underhill Aug. 31 (BusinessDesk) - Powerhouse Ventures turned to a full-year loss after writing off its investment in hydroelectric turbine designer Hydroworks and recognising other one-time decreases in the value of its investments. The Christchurch-based, ASX-...

NZ dollar drops to 2-1/2 month low as US private jobs, GDP data beats estimates
By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar fell below 72 US cents to a 2 1/2-month low as reports on US economic growth and private jobs printed stronger than expected. The kiwi fell to 71.94 US cents as at 8am in Wellington and earlier touched 71...