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Sealord says Nelson wetfish factory 'not economically viable,' 97 jobs at risk
By Jonathan Underhill Sept. 25 (BusinessDesk) - Sealord, New Zealand’s second-largest fishing company, says it needs to downsize its Nelson wetfish processing plant and may eliminate 97 jobs in the face of rising costs, flat prices and a still-strong kiwi dollar. "In its cu...
NZ dollar drops below 80 US cts after Wheeler says level unjustified
By Paul McBeth Sept. 25 (BusinessDesk) - The New Zealand dollar dropped below 80 US cents for the first time since September last year after Reserve Bank governor Graeme Wheeler said the currency was still unjustifiably high, a consideration he takes into account as to whether...
Tax office appeals Vector's $53 million win on CBD tunnel
By Suze Metherell Sept. 25 (BusinessDesk) - The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator's access rights to its Auckland CBD tunnel. La...
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