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Fonterra to lay off up to 110 staff at Waikato packing facility
By Paul McBeth July 23 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, may lay off a third of its workers at the Canpac packing facility in Waikato, which it plans to focus on paediatric nutritional products. The Auckland-based company will...
NZ dollar drops near six week low vs. Aussie after RBA's Stevens stays mum on currency
By Tina Morrison July 23 (BusinessDesk) - The New Zealand dollar touched its lowest in almost six weeks against the Australian dollar after Australian Reserve Bank governor Glenn Stevens refrained from commenting on its high currency in an annual speech he has previously used...
While you were sleeping: Wall Street hits record
By Margreet Dietz July 23 (BusinessDesk) - Wall Street rose, pushing the S&P 500 Index to a record high, as investors opted to focus on better-than-expected earnings from companies including Comcast and Chipotle Mexican Grill as well as solid inflation and housing data. Sha...
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