Rangatira, the Wellington-based investment group, has lifted its stake in Magritek after the magnetic resonance imaging firm met sales targets. The new funds will help boost the firm’s global sales. The investment firm lifted its stake in Magritek to 18 percent from 12 percent for an undisclosed sum after the high-tech manufacturer met certain sales milestones, triggering an undertaking made at the …

Chorus, the telecommunications network operator, is seeing growth in its high-speed fixed line connections as it continues to roll out the bulk of the government-sponsored ultrafast broadband fibre network, and is talking up the value of its lines as it tries to deflate the threat of price regulation. The Wellington-based company added 6,000 fixed line connections in the three months …

The New Zealand dollar bounced as exuberance for a strengthening US dollar waned after its rapid gain over the past three months, and ahead of this morning’s New Zealand Economic Institute of Research’s quarterly survey of business opinion. The kiwi rose to 78.21 US cents at 8am in Wellington from 77.67 cents yesterday. The trade-weighted index increased to 76.37 from 76.21 yesterday. …