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NZ dollar has brief flurry above 79 US cts in short market
By Paul McBeth Oct. 2 (BusinessDesk) - The New Zealand dollar had a brief spurt above 79 US cents as traders took advantage of a short, meaning over-sold, market to push the local currency around after its sustained drop over the past three months. The local currency rose a...
Zespri urges kiwifruit growers against PSA class action
By Pattrick Smellie Oct. 2 (BusinessDesk) - The country's kiwifruit marketing body, Zespri International, is urging growers not to join the proposed class action against the Ministry of Primary Industries, seeking $885 million compensation for the outbreak of the Psa blight th...
Vodafone NZ sinks into the red as finance, operating costs mount
By Paul McBeth Oct. 2 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom line. The Auck...
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