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‘Gardening Club’ freight cartel participant, Kuehne + Nagel, fined $3.1 mln
April 8 (BusinessDesk) - Kuehne + Nagel International, the Swiss logistics company, has been fined $3.1 million plus costs for its part in the so-called “Gardening Club” freight forwarding cartel case brought by the Commerce Commission after an investigation begun seven years ago...
MARKET CLOSE NZ shares fall in tech driven tumble, Xero plunges
By Suze Metherell April 8 (BusinessDesk) – New Zealand stocks fell for a second day, following Wall Street lower as a global tech sell off continued. Xero led the benchmark index lower, while Diligent Board Member Services, Wynyard Group, SLI Systems and GeoOp all fell. The NZ...
NZ dollar gains on lure of higher interest rates
By Paul McBeth April 8 (BusinessDesk) - The New Zealand dollar gained as volatility in equity markets failed to spill over into foreign exchange, and the kiwi remained an attractive buy on the prospect of higher interest rates later this month. The kiwi rose to 86.30 US cents...
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