New Zealand Post, the state-owned postal service, agreed to sell its 35 percent stake in Datacom Group to the New Zealand Superannuation Fund for $142 million to repay debt and bolster its capital. NZ Post’s credit rating was cut to A+ from AA- in October as the state-owned enterprise searches for new revenue streams in the face of dwindling demand …

newzealandinc.com was live at New Zealand’s Rocket Pitch?competition?organized by The Icehouse and Geeks on a Plane – access all of our coverage of the start-up showcase from the event hub including exclusive interviews, company profiles and more. Organized by 500 Startups, a startup incubator and investment fund led by celebrity entrepreneur and angel investor Dave McClure, Geeks on a Plane …

The New Zealand dollar rose to a four-year high against the yen after Japan’s Liberal Democratic party swept to power, mustering enough support to enact sweeping economic reforms and weaken the currency. The kiwi dollar jumped to 71.33 yen, the highest since September 2008, from 70.57 yen in New York on Friday. The kiwi traded at 84.54 US cents from …