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Snakk Media lifts sales by 58 percent in third quarter, says high kiwi curbed gains
By Suze Metherell March 3 (BusinessDesk) – Snakk Media, which matches advertisers with apps and social media, said third-quarter sales rose 58 percent, and would have been even higher if not for the exchange rate with Australia, which accounts for 90 percent of revenue. Sales...
NZ terms of trade reaches new 40-year high in 4th-qtr as import prices fall
March 3 (BusinessDesk) - New Zealand’s terms of trade rose to a 40-year high for the second straight quarter in the final three months of 2013 as import prices fell more than export prices. On a volume measure, dairy products led exports higher while imports were unchanged. Ter...
Transpacific to sell NZ waste management to Beijing Capital Group for $950 mln
By Suze Metherell March 3 (BusinessDesk) – Transpacific Industries Group, the Australian waste management company, agreed to sell its New Zealand business to Beijing Capital Group for $950 million, raising cash to repay debt. The Queensland-based company hired Deutsche Bank in...
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