Fairfax plans to axe 70 jobs, mainly in Wellington, to outsource subbing to Pagemasters
Feb. 16 (BusinessDesk) - Fairfax Media is planning to eliminate 70 New Zealand jobs, mainly in Wellington, and outsource editorial production on Australian metro mastheads to Pagemasters in a move that would cut costs and end a strategy of processing Australian content in a New Z...
NZ inflation expectations slump to lowest in more than 20 years
By Jonathan Underhill Feb. 16 (BusinessDesk) - New Zealanders' perceptions of inflation have become even more subdued, adding to the case for a further interest rate cut by the Reserve Bank. The RBNZ Survey of Expectations shows respondents see annual inflation one year out...
Landcorp won't renew sharemilking contract with Shanghai Pengxin in 2017
By Jonathan Underhill Feb. 16 (BusinessDesk) - Landcorp, the state-owned farming company, will end its five-year relationship with Shanghai Pengxin next year, saying it wants to focus on other areas of growth and won't renew its sharemilking contract. Chief executive Steve...
NZ dollar gains versus yen, greenback as China marks modest return from holiday
By Jonathan Underhill Feb. 15 (BusinessDesk) - The New Zealand dollar gained against the yen and the greenback as China's markets reopened after the Chinese New Year holiday without a big selloff in stocks that some had feared. The kiwi rose to 75.79 yen at 5pm in Wellingto...
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