Services
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Crown promises $30m 'rainy day' capital injection for TVNZ
State-owned broadcaster TVNZ is being promised a capital injection of taxpayer funds of up to $30 million if business conditions worsen substantially in coming months. Chief executive Kevin Kenrick described the $30 million uncalled share subscription arrangement as akin to th...
Economy
STA Travel NZ in voluntary administration
Failure of Swiss parent meant NZ company likely insolvent, administrators say.
Markets
Sharesies adds US shares and begins Aussie expansion
Sharesies has added US stocks to its online investment platform and is looking to expand into Australia, following the rush of signups during the pandemic lockdown. The share-trading app will offer more than 2,000 American companies and 700 exchange-traded funds alongside the...
Technology
Xero to pay up to A$80m for factoring company Waddle
Xero is buying invoice financing business Waddle for up to A$80 million, depending on revenue and product development milestones.
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