New Zealand wireless broadband provider Woosh Wireless has reported a $2.4 million loss for the 10 months to Aug. 31, with notes to the accounts disclosing the company relies on funding from its Californian-based 75 percent shareholder, Craig Wireless Systems, to meet its cash needs. TSX-listed CWS, in turn, warned investors last November that its own resources were strapped after …

New government spending in the May 16 budget will be skewed towards supporting fast-growth export businesses, Prime Minister John Key says. His announcement of a $158 million boost to tourism funding over four years is the first of several set-piece announcements of new government spending, which government Ministers will drip-feed to the public in the weeks leading up to the …

Prime Minister and Tourism Minister John Key said an additional $158 million over four years will be earmarked for tourism in next month’s budget. Key told a business audience in Wellington that he will announce details of the funding at the TRENZ tourism conference this week. It will be part of the budget’s theme for “a package of internationally focused …