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NZ economy grows 1.1% in 1Q, twice expected pace; kiwi dollar jumps above 80 cents
By Paul McBeth June 21 (BusinessDesk) - The New Zealand economy grew at its fastest quarterly pace in five years as good weather stoked milk production, and led to greater dairy manufacturing. The kiwi dollar surged to above 80 US cents after the figures were released. Gross do...
Renaissance sells IT distribution unit to Exeed, halving balance sheet
By Hannah Lynch June 21 (BusinessDesk) - Renaissance Corp, which used to have a monopoly on national distribution of Apple products, will sell its IT distribution division to Exeed Limited, halving the size of its balance sheet. IT distributor Exeed will take over the distribu...
Metlifecare amends merger deal again, halves shares to Vision, may sell property
By Jonathan Underhill June 21 (BusinessDesk) - Metlifecare has amended the terms of its merger proposal again, halving the shares it will issue to Vision Senior Living and flagging possible property sales as a way to repay debt rather than raising equity from third parties. The...
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