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NZ dollar slides as weaker dairy prices weigh on rate outlook, ECB meeting looms
By Paul McBeth April 3 (BusinessDesk) - The New Zealand dollar dropped as declining dairy prices raised concern about the country’s biggest export commodity, and fuelled speculation the Reserve Bank might not hike interest rates as aggressively as expected. The kiwi traded at...
NZ Post quits unprofitable Localist experiment to focus on core business, Kiwibank
By Suze Metherell April 3 (BusinessDesk) – New Zealand Post, the state-owned postal service, has sold its unprofitable online directory Localist at a loss to focus on its ailing mail service and growth aspirations for Kiwibank. Localist was set up in 2010 as both a print and...
Fonterra wins 10-year contract to supply Woolworths in Australia’s Victoria state
April 3 (BusinessDesk) – Fonterra Cooperative Group, New Zealand’s dominant dairy exporter, has won a contract to supply Woolworths home-brand milk in the Australian state of Victoria for the next 10 years, wresting the previous one-year supply agreement off Japanese Kirin-owned...
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