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Chevron, Indian state oil company enter NZ oil search for the first time
By Pattrick Smellie Dec. 9 (BusinessDesk) - The third annual round of oil and gas exploration licences has attracted two new international players: US giant Chevron, which operates the Caltex brand in New Zealand, and Indian government-controlled ONGC Videsh, the first time an...
Fonterra shifts 'silo' culture since WPC food scare
By Fiona Rotherham Dec. 9 (BusinessDesk) - Fonterra Cooperative Group claims to have made significant progress on the entrenched “silo” mentality it was criticised for in the government’s final report into last year’s whey protein contamination scare. Stage two of the gover...
NZ spending on credit, debit cards rises in Nov, led by hospitality
By Suze Metherell Dec. 9 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in November, with a rise in hospitality and consumable purchases offsetting a decline in apparel and durables. The value of core retail sales on electronic cards, whi...
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