Emulex, the NYSE-listed data storage maker, offered to buy Endace, at a 69 percent premium to its last trading price, winning over the target company’s independent directors. A subsidiary of Emulex, El Dorado Research Venture, plans to offer 5 pounds a share cash for Endace, the New Zealand-based, London Stock Exchange listed company that commercialised cyber-security research done by Waikato …

The New Zealand dollar rose after Reserve Bank governor Graeme Wheeler kept his forecast track for interest rates almost unchanged and gave no signal there’s room for the official cash rate to be cut. The kiwi dollar rose to 82.81 US cents from 82.49 cents immediately before the monetary policy statement was released. The trade-weighted index rose to 73.84 from …

New Zealand’s unemployment rate of 7.3 percent overstates the weakness of the country’s labour market, which has been tapering off through the latter half of this year, the Reserve Bank says. The bank’s latest forecast is more downbeat about the level of unemployment over the next two years, but isn’t convinced joblessness is at a 13-year high as shown in …