Slingshot, the telecommunications and broadband provider, has been fined $250,000 after pleading guilty to forcing customers unwittingly to take its service and then aggressively pursuing them for payment and referring some to debt collection agencies when they refused. Competitor and industry major Telecom expressed delight at the result, which followed a guilty plea by Call Plus Services, trading as Slingshot, …

The New Zealand dollar climbed to a new five-year high against its Australian counterpart after Reserve Bank governor Graeme Wheeler signalled steeper interest rate hikes next year to quell looming inflation pressures, underlining the disparity between the two nations’ economies. The kiwi climbed as high as 91.73 Australian cents, and was at 91.63 cents at 5pm in Wellington from 90.62 …

Profitless wind energy firm Windflow Technology is going back to shareholders for another $4 million as it continues to seek sales in the UK and develops a new version of its pioneering two-bladed wind turbine for lower windspeeds in collaboration with US-based General Dynamics. The NZAX-listed company has extended its debt facilities by 4 million pounds sterling to 7.4 million …