Recent Posts

NZ dollar drops vs. greenback, gains vs, yuan after Bank of China devalues currency

The New Zealand dollar fell after China devalued the yuan, stoking concern economic growth is weaker than expected in the nation’s biggest trading partner. The kiwi traded at 65.52 US cents as at 5pm in Wellington, down from 66.10 cents late yesterday. The currency rose to 4.1396 yuan from 4.1033 yuan. China is the biggest two-way trading partner with New Zealand and the second-largest export market …

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Pacific Edge gains US approval for Dunedin test lab

Pacific Edge, the maker of non-invasive bladder cancer tests, has won US regulatory approval to commercially process test samples from its latest cancer detecting product at its Dunedin laboratory. Approval and registration with the US regulatory standard, Clinical Laboratory Improvement Amendments, enables the commercial use of its Cxbladder Triage test at its diagnostics laboratory, the company said in a statement. Registration is …

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VMob shifts headquarters to the US, seeks main board NZX listing

 VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, planning to shift from the NZAX to the main board of the NZX listing, and raising about $5 million in a private share placement. The company’s mobile marketing platform delivers personalised, location-based promotional offers to mobile phone users on behalf of major brands to increase sales. At its annual meeting …

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