Rod Drury, founder of Xero, says the cloud-based accounting company $180 million capital raising from key US shareholders sends a strong signal to rivals that there are no constraints on the funds it needs to win global market share. essays about bullying The Wellington-based company sold 9.92 million shares at $18.15 apiece, a 1.1 percent premium to their price last …

The New Zealand dollar edged up as investors continue to await the outcome of stalled budget talks in the US, as the deadline for lifting the US debt ceiling approaches. The kiwi traded in a 40 basis point range during Northern Hemisphere trading, about half its normal volatility, edging up to 83.02 US cents at 8am in Wellington, from 82.95 …

US stocks held on to earlier gains as minutes from the latest US Federal Reserve meeting showed that most policy makers believe the central bank should start tapering its bond-buying program before the end of the year. Meanwhile, President Barack Obama was set to nominate Janet Yellen, currently vice chairman of the Fed, to succeed Ben Bernanke early next year, …