The New Zealand dollar was little changed against its Australian counterpart as sluggish consumer spending across the Tasman stoked speculation the Reserve Bank of Australia may cut interest rates deeper than initially anticipated. The kiwi traded at 78.68 Australian cents from 78.65 cents on Friday in New York. The currency was little changed at 81.95 US cents at 5pm in …

Israeli private equity group Fortissimo Capital paid US$8 million for award-winning Wellington-based microwave radio products developer 4RF, allowing the receivers to repay creditors and settle with noteholders. The former parent company, 4RF Communications, was put in receivership in April after failing to reach agreement on restructuring some $5.5 million of convertible notes. To ensure the business, which had $20.4 million …

President of the New Zealand – Canada Business Association and co-founder of Kim Crawford Wines – Erica Crawford, spoke out in favor of TPP calling the agreement a potentially significant one for winemakers. ” New Zealand wine exports to TPP markets are currently nearing $400m, but with TPP we see know reason for that not to double” “TPP will benefit the …