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Daily Business News

NZ budget almost shock-proof: IMF

NZ budget almost shock-proof: IMF New Zealand is among only a handful of advanced economies where the government's budget is best placed to deal with "unexpected shocks", an International Monetary Fund (IMF) report says.
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Innovative start ups get extra $50 million funding

Innovative start ups get extra $50 million fundingThe New Zealand Venture Investment Fund says $50 million has become available to establish new funds targeting innovative local companies needing cash injections in the $2 million to $4 million range.
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The women behind the famous brands

Erica Crawford will speak at the forum. Photo / SuppliedThe women behind two of New Zealand's entrepreneurial success stories will speak at a business forum next week about how to take homegrown brands to international markets.
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Bright young things may be just the catalyst high-tech firms need

Bright young things may be just the catalyst high-tech firms needRight mix of people, and the right governance structure, can tip export scales for innovative companies.  New Zealand's innovative early-stage, fast-growth high-technology companies are considered an important part of growing and improving the country's economy. The question is, can we maximise the potential?
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CEO gets up to speed

TOP JOB: Auckland Council interim chief executive Doug McKay outside his old school Kelston Boys High. A west Aucklander has been given one of the most daunting jobs in the country.  Former Kelston High School student Doug McKay is the interim chief executive of the Auckland supercity.
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Results boost NZ share market

Results boost NZ share marketThe New Zealand sharemarket rose in early trade as investors faced a barrage of company results.  Air New Zealand was up 2c to 123 early after reporting normalised full year earnings before tax falling 6 percent to $137 million, amid subdued demand for air travel in tough economic conditions.
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Charlie's back in the black

Stefan Lepionka, Managing Director of Charlie's Juice. Photo / Greg BowkerCharlie's Group Ltd has turned to profit and reduced debt.  The juice maker reported earnings before interest, tax, depreciation and amortisation (ebitda) of $3.4 million in the year to June 30 compared with a $900,000 loss in the same period last year.
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