Wynyard Group, the security and risk management software firm owned by Jade Software, has got a toehold in the US, partnering with Virginia-based Northrop Grumman Corp. The deal gives Wyndham access to a US$2 billion market, which accounts for about half the global market in security and risk management software, and will give the New Zealand firm a foot in …

The euro weakened against the US dollar and the yen after European Central Bank President Mario Draghi said the euro-zone was expected to stay in recession next year, reversing an earlier forecast for a recovery in economic growth. The downgrade to the outlook for gross domestic product came as the ECB left its benchmark interest rate at a record low …

Business representatives from four economies have met in Auckland to press for more urgency in concluding the Trans Pacific Partnership (TPP) negotiations currently underway. “In September business representatives from across the TPP member economies urged governments to conclude an ambitious, comprehensive and high standard outcome in 2013,” said Cal Cohen, President of the Emergency Committee for American Trade (ECAT) speaking …