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New Zealand shares fell in a widespread selloff as China’s stock market extended its tumble.  Xero, Trade Me Group, SkyCity Entertainment Group and Westpac Banking Corp declined. The S&P/NZX 50 Index fell 35.47 points, or 0.6 percent, to 5767.7. Within the index, 30 stocks fell, nine rose and 11 were unchanged. Turnover was $177 million. The Shanghai SE Composite Index was down 3.8 percent …

LanzaTech New Zealand, the NZ-founded carbon recycling company, narrowed its annual loss as the company shifts into commercialisation from its previous development phase. The company reported a loss of $34.7 million in calendar 2014, smaller than the loss of $40.5 million a year earlier, according to financial statements lodged with the Companies Office. Including $2.8 million of exchange differences on foreign …

 Mega has updated its company constitution, making it easier for the file storage and encryption firm with more than 18 million registered users to list after a failed attempt to join the NZX through a back-door listing earlier this year. The company filed a new constitution to the Companies Office on July 6 which added specific provisions for listing the company, stating that the “board …

Wednesday July 8 The Guardian leads with Chinese stocks tumbling again after Chinese Premier Li Keqiang’s failure to mention the deepening market crisis in a statement on the economy. Li had said yesterday before the market opened that China had the confidence and ability to deal with challenges faced by its economy. But he had nothing to say about the …

NZX, which is New Zealand’s only registered stock market operator, “strongly opposes” a bid by share trading platform Unlisted to be exempted from new licensing requirements, saying its lack of basic shareholder protections could tarnish the reputation of the country’s capital markets. Unlisted is petitioning Commerce Minister Paul Goldsmith for an exemption from being licensed by the Financial Markets Authority, as required …

Wednesday July 8: After an emergency eurozone leaders’ summit in Brussels, and as the eurozone prepares for a full EU summit on Sunday, there is enormous pressure on the Greek government as the country is on the verge of running out of money. There is also pressure on the other eurozone leaders, with the current situation deemed the most critical …

OceanaGold Corp, which is in the process of buying the Waihi Gold Mine, sees more life in the Macraes Goldfield in Otago as cheaper fuel and a weaker New Zealand dollar make the operation more attractive. The Melbourne-based company discovered a new zone of gold mineralisation which could increase the potential reserves of the Macraes mine after embarking on a …

As news of Craig Norgate’s sudden death rippled around the world –  friends, colleagues, and business partners took to social media to share their shock, grief, and war stories. Norgate was Fonterra’s first CEO and a galvanic business leader who died at just 50. NZ INC. checks in on some messages that paint a picture of this out-of-the-ordinary man. “He …

The $18 million settlement reached between Hanover Finance’s directors and promoters and the Financial Markets Authority should be of some comfort to investors in what has become a “better regulated” market, Prime Minister John Key said. The FMA settled for just under half its $35 million civil claim, which was due to go to court later this year alleging misleading and …

Four of the Hanover directors and promoters involved in an $18 million settlement with the Financial Markets Authority say it’s the best outcome for investors and taxpayers, and the regulator would have failed in court. In a written statement, Mark Hotchin, Greg Muir, Tipene O’Regan and Bruce Gordon said they decided to settle because of the cost and burden of litigation …