SLI Systems, a Christchurch-based developer of website search software whose clients include Warehouse Group and Qantas Airways, is considering raising $27 million next month selling shares to new and existing investors that will trade on the NZX. Trade Me founder Sam Morgan is among shareholders and its board is led by PowerbyProxi executive chairman Greg Cross and includes Xero chairman …

CSR, the ASX-listed building products maker, is talking down its role in New Zealand’s leaky buildings claim by the Ministry of Education after being named as one of a number of parties in the suit. The New Zealand government ministry, which oversees education policy and spending, yesterday lodged a claim in the High Court against cladding manufacturers that supplied materials …

The New Zealand dollar rose against the euro after Bundesbank President Jens Weidmann said the European Central Bank may cut interest rates if data warrants and European stocks tumbled. The kiwi rose to 64.75 euro cents from 64.18 cents at 5pm in Wellington yesterday. It fell to 84.36 US cents from 84.61 cents. In an interview with the Wall Street …