Fairfax Media plans to raise about A$96 million by selling its Perth-based  radio station 96FM to APN News & Media and merging its remaining radio assets with Macquarie Radio Network.  APN will acquire 96FM for A$78 million using cash and existing debt facilities, subject to regulatory approvals, rounding out its suite of state capital stations in Australia. Meanwhile, Fairfax will merge …

New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public offering on the Australian Stock Exchange to commercialise its single person flying machines, with a commitment of A$50 million ($53 million) to fund a 30 month commercialisation plan, from Hong Kong Stock Exchange-listed KuangChi Science.  In return, KuangChi Science …

New Zealand’s annual migration rose to a record for the fourth consecutive month in November, led by fewer kiwis crossing the Tasman, more returning from Australia, and a sharply rising number of student arrivals from India.  The country gained a net 49,836 migrants in the year ended Nov. 30, the biggest ever annual gain, according to Statistics New Zealand. Annual …