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BusinessDdesk

Google stacks on NZ jobs, pays little tax – again

California-based Google last year lifted profit by 10% to $US10.7 billion as sales rose 32% to $US50.2 billion.

Kiwi sinks after governor outlines intervention criteria

Graeme Wheeler outlines the criteria to intervene in currency markets, saying he is prepared to act when those are met.

Soros fund turns up as 8% shareholder in Guinness Peat

George Soros

A private investment fund linked to billionaire investor George Soros has appeared on the register of GPG, which is winding down its portfolio of assets to return funds to shareholders.

TrustPower sets rate of 6.75% on seven-year bonds

The electricity generator and retailer in May flagged its intention to repay maturing bonds by offering investors the opportunity to roll over the debt in combination with a retail offer, which opens today.

$6.2m drop in Vital Healthcare portfolio

The property trust's portfolio falls 1.1%, in the year ended June 30, led by a drop in the value of Mercy Ascot Hospital in Auckland.

Market close: NZ shares rise – Telecom, Fletcher gain

New Zealand shares trade near a three-month high.