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NZ dollar edges up as US employment figures loom
By Paul McBeth Sept. 6 (BusinessDesk) - The New Zealand dollar increased in local trading ahead of US employment figures which are seen as the lynchpin to whether the US Federal Reserve will start “tapering” its US$85 billion monthly bond-buying stimulus. The kiwi rose to 79.0...
Red-faced Transfield promises overdue payments within two working days
Sept. 6 (BusinessDesk) – Transfield Services, the Australian company at the centre of a row over payment of New Zealand sub-contractors on the national ultra-fast broadband project, has broken its two day silence on the issue to say all outstanding payments will be made in the ne...
Rakon expects 2014 loss of $54M after Chinese writedown and trading losses; shares drop
By Tina Morrison Sept. 6 (BusinessDesk) – Rakon, which makes crystal oscillators used in smart phones and navigation systems, expects a net loss of $54 million in 2014 after taking a $37 million one-time charge to write down the value of its Chinese investment and other assets a...
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