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Smartpay, which provides retailers with payments and transactions services, has agreed to buy eftpos terminal provider Viaduct for $16.3 million in cash and shares, a transaction representing almost a third of Smartpay’s value. The Auckland-based company will pay $14 million in cash and $2.3 million in shares for Wellington-based Viaduct’s eftpos terminal fleet, making Smartpay the biggest operator in terms …

Restaurant Brands, the fast food operator which recently launched the Carl’s Jr brand in New Zealand, lifted third-quarter sales 0.5 percent as its Pizza Hut stores’ cheap deals came up trumps in a highly competitive market. Total same store sales increased to $72.2 million in the three months ended Dec. 3, from $71.9 million in the same period a year …

The New Zealand dollar rose to a nine-month high as hopes Germany will avoid recession and optimism the Federal Reserve will enact more easing measures helped stocks rally and lift risk sentiment. The kiwi dollar climbed to 83.83 US cents from 83.43 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 74.84 from 74.66. The euro gained and …

get cash quick Wesley Chan is a fun-loving entrepreneur and joined the Google Ventures team in 2009. Wesley is based out of Seattle, WA. As an early employee at Google, Wesley helped to start, launch, and grow Google Analytics and Google Voice products which millions of users depend on worldwide.

New Zealand shares fell, led by Warehouse Group on concern its decision to buy appliance and electronics retailer Noel Leeming puts it in the toughest part of the market. Fletcher Building rose to a 17-month high. The NZX 50 Index fell 4.59 points, or 0.1 percent, to 4026.18. Within the index, 23 stocks fell, 13 gained and 14 were unchanged. …

The New Zealand dollar rose to a five-week high against the Australian dollar, extending its gains of the past week on expectations the New Zealand central bank is more inclined to raise interest rates while its counterpart could be looking at a cut. The kiwi dollar rose to 79.66 Australian cents at 5pm in Wellington from 79.52 cents at the …

The New Zealand Maori Council’s case to stop the partial privatisation of MightyRiverPower while tribal claims to water rights are outstanding has failed at the High Court and is now almost certainly heading for appeal. The key question now is whether it will go to the Court of Appeal, or whether grounds may be found to take it straight to …

The Reserve Bank has settled on what it thinks are appropriate capital ratio requirements for the nation’s lenders which are set to kick in from next month. The bank regulator hasn’t moved on its view that banks should be holding a ratio of 4.5 percent of common equity Tier 1 capital in relation to their risk-weighted assets, a Tier 1 …

An Arab proposal to extend the international treaty at the centre of internet negotiations in Dubai has drawn a strong response. Great Britain and the United States have both strongly opposed the restrictive measures. The 22-page proposal lead by the United Arab Emirates is backed by Russia, Saudi Arabia, Algeria and Sudan. Under the terms, “governments, the private sector and civil …

Jevic New Zealand, a company that pre-vets imported used vehicles, offered to buy all the shares of Vehicle Inspection New Zealand, valuing the target at $4.1 million. Jevic is offering $1.65 a share for VINZ, the vehicle inspection company that trades on the Unlisted platform. The offer represents a 10 percent premium to VINZ’s last trading price of $1.50. Jevic …