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News in Brief
Freightways arranges extra $50m of funding
Freightways has increased its banking facilities by $50 million to ensure the firm can cope with the weaker economy.Chief executive Mark Troughear said some facilities that had been set to mature in 2021 had also been extended by two years.Troughear said the firm had been nimble...
News in Brief
Abano raises earnings guidance
Abano Healthcare Group said 2020 operating earnings may be up to $3 million higher than forecast as it starts to reopen dental practices.In New Zealand, restrictions have eased following the move to level 2 and in Australia the relaxation announced last week is now taking effect....
Coronavirus
Xero posts small profit as coronavirus crisis starts to bite
Xero turned in a $3.3 million annual net profit as subscriber numbers grew 26 percent to nearly 2.3 million and revenue rose 30 percent, but it expects the coronavirus crisis will have an impact in the 2021 financial year. The accounting software company's net profit for the y...
Finance
Peter Griffin: PETER GRIFFIN: Time to do the prep work for our own digital currency
The Reserve Bank’s move to appoint a ‘head of money and cash’ shows it is getting serious about planning for the future of money and the possibility of a digital kiwi dollar. The Reserve Bank has been fairly tepid on the idea of introducing a central bank digital currency (CBD...
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