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Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, accelerated sales in the third quarter and is planning to raise new funds from existing shareholders next month. Sales rose to $1.44 million in the three months ended Dec. 31, from $686,000 a year earlier, the Auckland-based company said in a statement. That exceeds the $1.22 million in revenue the …

Opus International Consultants, the engineering firm with one of four mandates to lead design the rebuild of Christchurch city, is asking shareholders to approve a joint venture with a sister firm to target the Middle East. The Wellington-based firm wants to set up a venture with Opus International (M) Bhd (OIMB), a sister company to Opus’ cornerstone shareholder Opus International …

The New Zealand dollar gained against the euro as Cyprus nears a deadline to secure a European Union bailout to avoid a collapse of its banks and the possible exit from the euro zone. The kiwi traded at 64.39 euro cents from 64.22 cents in late New York trading on Friday. It slipped to 83.38 US cents from 83.51 cents. …

The rally that has propelled the Standard & Poor’s 500 Index 9.2 percent higher so far this year may finally-this week-bring the benchmark index to a fresh record. The index is now about 10 points shy of its all-time high of 1,565.15 and it could get the boost it needs as traders position their holdings for the end of the …

The New Zealand dollar gained against the euro as Cyprus nears a deadline to secure a European Union bailout to avoid a collapse of its banks and the possible exit from the euro zone. The kiwi traded at 64.39 euro cents from 64.22 cents in late New York trading on Friday. It slipped to 83.38 US cents from 83.51 cents. …

The rally that has propelled the Standard & Poor’s 500 Index 9.2 percent higher so far this year may finally-this week-bring the benchmark index to a fresh record. The index is now about 10 points shy of its all-time high of 1,565.15 and it could get the boost it needs as traders position their holdings for the end of the …

New Zealand shares were mixed in the post-earnings, ex-dividend hiatus. Mainfreight extended its decline after saying earnings would miss estimates and Auckland International Airport rose after reporting monthly passenger growth. The NZX 50 Index edged up 0.38 points, or 0.01 percent, to 4342.88. Within the index, 23 stocks fell, 16 rose and 11 were unchanged. Turnover was $114 million. Mainfreight, …

The New Zealand dollar is heading for a 1.2 percent weekly gain on a trade-weighted basis after figures showed the economy grew at almost twice the Reserve Bank’s expected pace in the fourth quarter and amid talk Fonterra Cooperative Group may hike its payout next week. The kiwi rose to 76.46 on the trade-weighted index at 5pm in Wellington from …

The Reserve Bank is seeking to strengthen its oversight over payment and settlement systems, and wants to bring the financial markets watchdog on side to help with securities market settlement systems. The central bank is seeking submissions on proposals to bolster its oversight powers and give it the ability to impose penalties and management regimes for failing systems. The bank …

Apple Sales New Zealand, the local unit of the iPad and iPod maker, posted a 38 percent jump in full-year sales to $571 million, though the tax department received a payment amounting to just 0.4 percent of that. Apple’s New Zealand sales topped the half billion dollar mark in 2012 after rising to $414 million in 2011, according to its …