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NZ dollar gains as US-China trade war tensions push USD out of favor
By Rebecca Howard April 4 (BusinessDesk) - The New Zealand dollar gained against the US dollar which fell amid worries about escalating US-China trade tension added to fears of a global trade war. The kiwi traded at 72.84 US cents as at 5pm in Wellington from 72.54 US cent...
Air NZ, Virgin Australia to end seven-year trans-Tasman alliance in October
By Paul McBeth April 4 (BusinessDesk) - Air New Zealand and Virgin Australia Holdings will end their seven-year trans-Tasman alliance in October when regulatory approval for their shared services ends. New Zealand's national carrier ended the strategic alliance, giving Vir...
Winona Capital ups Rodd & Gunn investment as retailer targets North America
By Jonathan Underhill April 4 (BusinessDesk) - Winona Capital, a Chicago-based private equity firm that invests in consumer brands, has put more capital into Rodd & Gunn New Zealand, saying it is "excited" to be supporting the unprofitable clothing chain during its growth phas...