Business
Retail
NZ first-quarter retail sales grow 0.7%, slightly better than expected
By Rebecca Howard May 22 (BusinessDesk) - New Zealand's retail sales were slightly higher than expected in the first quarter amid increased spending at department stores and on hardware and building supplies. Retail sales volumes rose a seasonally adjusted 0.7 percent in th...
Services
SkyCity poised to enter online gaming space
By Rebecca Howard May 22 (BusinessDesk) - SkyCity Entertainment Group is poised to tap into the lucrative online gaming space with plans to launch a platform mid-year that will be operated from Malta. The casino operator said its Maltese subsidiary company, SkyCity Malta,...
Primary Sector
Dairy product prices fall, halting longest gaining streak
By Margreet Dietz May 22 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, ending a record string of 11 consecutive gains, as whole milk powder declined for the fourth straight time. The GDT price index fell 1.2 percent from the previous auction...
Markets
MARKET CLOSE: NZ shares fall; ComCom's early fibre views knock Chorus
By Paul McBeth May 21 (BusinessDesk) - New Zealand shares fell, led lower by Chorus, after investors were spooked by potentially stricter regulation of its ultrafast broadband network than they'd anticipated. The S&P/NZX 50 Index decreased 18.06 points, or 0.2 percent, to...
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