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NZ unemployment rate rises to 6.4 percent in 2Q; more people join the workforce
By Tina Morrison Aug 7 (BusinessDesk) – New Zealand’s unemployment rate rose more than expected in the second quarter while the participation rate increased, with little evidence of wage inflation. The unemployment rate increased to 6.4 percent in the three months ended June 30...
Chorus shares jump, but still wary on copper pricing split
By Pattrick Smellie Aug 7 (BusinessDesk) - Shares of telecommunications infrastructure owner Chorus bounced 5.9 percent when trading opened on the NZX this morning after Communications Minister Amy Adams announced a new way forward on the vexed issue of regulated pricing for cop...
Vietnam puts Fonterra whey protein imports under scrutiny, no ban in place
By Paul McBeth Aug 7 (BusinessDesk) - Vietnam has put checks in place to ensure the quality of dairy products using whey protein concentrate made by Fonterra Cooperative Group and has recalled affected products, but hasn’t implemented an outright ban on imports from New Zealand’...
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